01Neutral
Brent crude oil tops $116, a six-month high, as tensions swell in the Middle East
U.S. President Donald Trump accused Iran on Thursday of trying to manipulate the oil market.
EVENING BRIEF
Oct 24 Evening Brief2026-10-24
Brent crude oil tops $116, a six-month high, as tensions swell in the Middle East
- 46stories
- 0bullish
- 0bearish
- 5sections
Key points
- Brent crude oil tops $116, a six-month high, as tensions swell in the Middle East
- Gold falls below $4,000 as Oil surge deepens weekly rout ahead of Fed
- Bitcoin ETFs Lose Over $635M In One Day Following Oil Price Spike
- Volvo Cars plunges 24% as CEO says China sales slump came 'faster than we thought'
- Middle East Physical Crude Slides While Brent Hits Five-Month High
KEY POINTS
What moved markets
Gold falls below $4,000 as Oil surge deepens weekly rout ahead of Fed
Gold (XAU/USD) price prolongs its agony, tumbling by nearly 0.60% on Friday and poised to finish the week with losses as higher energy prices increase the chances that major central banks could tighten monetary policy…
Bitcoin ETFs Lose Over $635M In One Day Following Oil Price Spike
Investors this week were buying bitcoin ETFs but that all changed on Thursday. This post Bitcoin ETFs Lose Over $635M In One Day Following Oil Price Spike first appeared on Bitcoin Magazine and is written by Mathew Di…
04Neutral
Volvo Cars plunges 24% as CEO says China sales slump came 'faster than we thought'
The Swedish automaker cited a deteriorating environment led by "tougher" market conditions in China and the U.S., which "negatively affected free cash flow."
05Neutral
Middle East Physical Crude Slides While Brent Hits Five-Month High
In contrast with the international benchmark futures prices, the prices of physical crudes from the Middle East have softened this week, as oil continues to flow out of the Persian Gulf in ship-to-ship transfers…
MOST MENTIONED
Markets in the news
How many stories mention each market, and how many read bullish or bearish.
THE NEWS
Five sections, 46 stories
Brent crude oil tops $116, a six-month high, as tensions swell in the Middle East
Brent crude oil tops $116, a six-month high, as tensions swell in the Middle East. U.S. President Donald Trump accused Iran on Thursday of trying to manipulate the oil market.
Gold falls below $4,000 as Oil surge deepens weekly rout ahead of Fed
- Gold (XAU/USD) price prolongs its agony, tumbling by nearly 0.60% on Friday and poised to finish the week with losses as higher energy prices increase the chances that major central banks could tighten monetary policy…
Bitcoin ETFs Lose Over $635M In One Day Following Oil Price Spike
- Investors this week were buying bitcoin ETFs but that all changed on Thursday. This post Bitcoin ETFs Lose Over $635M In One Day Following Oil Price Spike first appeared on Bitcoin Magazine and is written by Mathew Di…
Volvo Cars plunges 24% as CEO says China sales slump came 'faster than we thought'
The Swedish automaker cited a deteriorating environment led by "tougher" market conditions in China and the U.S., which "negatively affected free cash flow."
Middle East Physical Crude Slides While Brent Hits Five-Month High
In contrast with the international benchmark futures prices, the prices of physical crudes from the Middle East have softened this week, as oil continues to flow out of the Persian Gulf in ship-to-ship transfers…
Bitcoin ETFs bleed $635M as October slides back into the red
Thursday’s withdrawals ended a three-day inflow streak and left US spot Bitcoin ETFs with $175 million in net outflows for October.
Macro & Markets: 10 selected of 34
Can John Healey make a dent in the cost of living crisis in his first budget?
Can John Healey make a dent in the cost of living crisis in his first budget? Much of the Burnham project depends on how the budget is received, as promise of ‘breathing space’ is a two-way street.
AI market potential raises job displacement concerns, impacts Anthropic outlook
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Five key tax talking points before next week’s budget
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What next for France as riots rattle markets? Three questions facing investors ahead of more protests
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Piero Cipollone: Interview with Milano Finanza
- Piero Cipollone: Interview with Milano Finanza
White House lifts tariffs on some Canadian goods as midterm elections loom
- From 30 October, tariffs will be eased on some products, including certain machinery, and placed on others, such as carpets.
USD/JPY Price Forecast: Hammer signals rebound risk near 156.00
- The Japanese Yen finished the week on a higher note as the USD/JPY pair registered losses of over 0.74% in the week, while holding firm daily amid a sour market mood. The pair trades at 156.85 as a ‘hammer candle…
AUD/USD Price Forecast: Bulls challenge SMA cluster, eye 0.7100
- The Australian Dollar finished Friday’s session with gains of over 0.22% and the week up by more than 1.20%, with the pair reclaiming the 0.7000 figure and poised to test a confluence of key resistance levels within the…
Trump drops some Canada tariffs in bid to boost embattled Susan Collins in Maine
- Republican senator faces critical re-election battle in state where president’s trade war has outraged voters. Donald Trump dropped some of the US’s tariffs on Canada on Friday to “better serve the public interest” the…
10-year Treasury yield drops back to 5% this week as investors seek cover from AI worries
- The 10-year Treasury yield was just below 5% Friday after AI-driven tech selling sent investors into the safety of government bonds.
Stocks & Earnings: 10 selected of 14
Turmoil hits AI buildout as neoclouds face pressure, credit risks mount and Solidigm pulls IPO
Turmoil hits AI buildout as neoclouds face pressure, credit risks mount and Solidigm pulls IPO. Stock slumps, pulled IPOs and rising spreads on credit default swaps this week sets stage for hyperscaler earnings.
Anthropic revenue hits $16B in H1 2026 amid IPO valuation talks
- Anthropic's revenue surge and potential IPO highlight its growth potential, but high losses and spending may challenge valuation expectations.
Trump's Reverse Nixon Strategy: Bring Russia In, Shut China Out
- On October 9, hours after a phone call between President Trump and President Putin, the Treasury Department issued a six-month waiver allowing Russian diesel to be sold on the global market. The stated aim is to bring…
Blockstream Launches Institutional Consulting Services, Opens Lugano Office
- Blockstream will offer its engineering expertise to banks and asset managers from a new Swiss base. This post Blockstream Launches Institutional Consulting Services, Opens Lugano Office first appeared on Bitcoin…
Scalpers offer Apple iPhone Duo buyers hundreds extra outside Beijing launch
- Apple's global launch of the foldable iPhone Duo brought scalpers to the Beijing flagship store looking to pay big for the already pricey devices.
American Express is cutting 5% of its workforce to 'prepare for AI'
- Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.
SEC Announces Fiscal Year 2027 Examination Priorities
- The Securities and Exchange Commission today announced the Division of Examinations’ Fiscal Year 2027 examination priorities. The annual report identifies key areas of focus as the Division carries out its mission to…
Google’s Pichai says AI self-improvement still in early stages
The slow progress in AI self-improvement highlights the ongoing need for human intervention, impacting future AI autonomy and innovation timelines.
SpaceX Filing Gives Elon Musk the Final Word on Tesla Merger He Says He’s Staying Out Of
SpaceX’s latest 10-Q filing quietly confirms any Tesla combination requires sign-off from its “controlling shareholder.”
Qatar deal to buy U.S. natural gas shows how Iran war has redrawn global energy markets
The Iran war is transforming global energy markets and benefiting U.S. companies, especially liquefied natural gas exporters.
Sectors & Themes: 10 selected of 17
Tinned food, loo roll and power banks: the Brits following advice to stockpile
Tinned food, loo roll and power banks: the Brits following advice to stockpile. Government campaign recommends three days’ worth of stores for emergencies, but some are ahead of the game.
John Healey pledges to use budget to harness power of AI to bolster Britain’s security
- Chancellor says government to commit hundreds of millions to develop ‘distinctively British’ approach to AI. John Healey has pledged to use Wednesday’s budget to harness the power of artificial intelligence to bolster…
UK to invest £100m in 'world first' AI Biosecurity Lab
- The chancellor will unveil AI spending aimed at shoring up the UK's defences in Wednesday's Budget.
Netanyahu Considering Crypto Plan to Dodge Banking Sanctions on Israel
- Days before Israel’s election, Netanyahu said he has asked for a blockchain plan in case banks are hit with sanctions, and told Israelis to prepare for a rainy day after Trump.
Netanyahu seeking blockchain plan to prepare for possible sanctions
- Netanyahu says blockchain could help Israel prepare for possible sanctions targeting its banking system.
Bitcoin Core Ends Long Embargoes for Bugs AI Can Rediscover
- Bitcoin Core now fast-tracks fixes and disclosures for vulnerabilities that AI can easily rediscover, ending the long embargoes those bugs once received. This post Bitcoin Core Ends Long Embargoes for Bugs AI Can…
SEC flags tokenization as high-risk area in 2027 market examinations
- The SEC’s latest priorities highlight tokenization as an emerging market risk, while cryptocurrencies remain absent as a standalone examination category.
Experts cast doubt on Anthropic report detailing how AI has altered work at the company
Anthropic claims AI will shift how work gets done and labor demand – but some experts are skeptical of the vision. Last year, the Anthropic CEO, Dario Amodei, warned that artificial intelligence could eliminate half of…
Singapore, Malaysia and Thailand central banks expand cross-border stablecoin initiative involving Ripple, Visa and Mastercard
Malaysia and Thailand have joined Singapore's BLOOM initiative for cross-border stablecoin and tokenized deposit settlement.
Canada August retail sales +1.2% vs +1.3% expected
The advance August reading was +1.3%. Prior was -0.7%. Sales up in all 9 subsectors, led by motor vehicles. Ex-autos +1.2% vs +1.0% expected. Prior ex-autos was -0.7%. September advance sales +0.7%. The advance (or…
Analysts & Research: 10 selected of 29
Dow Jones Forecast: Oil and Earnings Risks Test the Path to 55,000
Dow Jones Forecast: Oil and Earnings Risks Test the Path to 55,000. The Dow Jones Industrial Average faces pressure from the surge in oil prices and uncertainty from earnings, while a break above 53,000 could open the way to.
Gold (XAU/USD) Price Forecast: Bearish Momentum Puts Major Support at Risk
- Gold extends its decline as bearish momentum strengthens, putting support at $3,942 at risk and exposing lower Fibonacci levels and potential longer-term downside targets.
Apple (AAPL) Price Forecast: Record High Breakout Faces Earnings Test
- Apple reaches a record high despite technology-sector pressure, but a weaker weekly finish and upcoming earnings put breakout confirmation, key support, and upside targets in focus.
Silver (XAG) Forecast: Crude and Rate Risk Keep XAGUSD Under Pressure
- Silver is down more than 5% for the week as higher crude prices reinforce inflation concerns and keep December Fed hike risk in focus.
South Korean Won: Recovery favoured on dips – OCBC
OCBC strategists Christopher Wong and Sim Moh Siong describe South Korean Won's (KRW) initial strength and subsequent retracement as broader risk aversion resurfaced.
Natural Gas Price Forecast: August Support Faces Breakdown Risk
Natural gas extends its sharp decline toward key August support, with a $2.60 measured-move target in focus and potential resistance levels defining any countertrend rebound.
NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Attempts To Rebound Despite Rising Oil Prices
Oil prices soared as traders worried that U.S. would strike Iran this weekend.
NZDUSD buyers are trying to make a play. The 38.2% retracement remains the next hurdle.
The NZDUSD has moved higher on four of five trading days this week, giving buyers something to build on after a sharp decline from the August high. The recovery has included a failed break below the rising 100-hour…
Philippine Peso: Bearish but constrained by Oil – OCBC
OCBC strategists Christopher Wong and Sim Moh Siong note Philippine Peso (PHP) remains under pressure even after a larger-than-expected 50bp Bangko Sentral ng Pilipinas (BSP) hike to 5.50%, reflecting persistent…
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Soars 4% As U.S. Ambassador To Turkey Says U.S. Could Strike Iran
Oil markets test new highs as traders prepare for a new round of war in the Middle East.
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Compiled by the Borearis Research Team from public news and market quotes, with AI-assisted summaries. For information only, not investment advice. Trading involves risk.