https://www.gurutrade.com/news/rss/ The latest news on the global economy and the recent trends in forex, commodities, stocks and cryptocurrency markets. Sat, 03 Oct 2026 05:56:47 +0300 50 en https://www.gurutrade.com/news/gold-heads-for-weekly-drop-on-strong-dollar-high-yields-1790957885.html US job growth slows sharply in September Traders trim bets on Fed rate hikes after jobs data All precious metals head for weekly losses Oct 2 Reuters Gold prices fell on Friday, reversing earlier gains, as a stronger dollar and elevated US Treasury yields weighed on the nonyielding metal, leaving it on track for a weekly decline. Spot gold fell 0.8 to 4,145.68 per ounce by 1138 a.m. EDT 1538 GMT, and was down about 3.3 for the week so far. US gold futures were down 0.7 at 4,173.50. The US dollar edged lower, but was headed for a weekly gain, while yields on 10 and 30year Treasuries hit their highest levels since 2002 on Thursday. Bullion fell after gaining over 1 earlier in the session after data showed US job growth slowed more than expected in September. US nonfarm payrolls rose by 29,000 last month after a downwardly revised increase of 133,000 in August, the Labor Department39;s closely watched employment report showed on Friday. Economists polled by Reuters had forecast payrolls advancing 90,000 after a previously reported 162,000 surge in August. Gold bugs are perhaps refusing to get carried away for the time being, knowing that the Fed retains a hawkish bias, said Han Tan, chief market analyst at Bybit. In the months ahead, much of gold39;s trajectory will depend on how much the Fed is willing to tolerate potential labor market weakness, with its eyes firmly set on subduing US inflation. Bullion has fallen over 20 since the USIsraeli war with Iran... https://www.gurutrade.com/news/gold-heads-for-weekly-drop-on-strong-dollar-high-yields-1790957885.html Fri, 02 Oct 2026 06:50:52 +0300 https://www.gurutrade.com/news/global-shares-bonds-gain-as-oil-drops-jobs-data-misses-1790953658.html STOXX 600 up 0.8, US futures higher German bunds rise, euro zone spreads widen Payrolls misses expectations, Fed hike bets fall LONDON, Oct 2 Reuters Global shares rose on Friday as wild volatility in bond and currency markets eased and oil prices fell, while weakerthanforecast US jobs data scuppered chances of a rate hike from the Federal Reserve later this month. Nonfarm payrolls increased by 29,000 jobs last month after a downwardly revised 133,000 rise in August, the Labor Department39;s closely watched employment report showed on Friday. Economists polled by Reuters had forecast payrolls advancing 90,000. Bets on a second rate rise from the Federal Reserve this month faded after the data. Markets now assign a 15 chance of a hike in October from around 25 before the data. Two top policymakers said this week they wanted more data before deciding what to do next with interest rates. Meanwhile, a move in December is still fully priced in. Schroders senior economist George Brown said today39;s figures may ease some concerns that previous interest rate cuts from the Fed could stoke inflation problems, but that it doesn39;t alter the inflation backdrop. The Fed looks likely to unwind last year39;s cuts, Brown said. The bigger question is whether rates ultimately need to be taken into genuinely restrictive territory to bring inflation back under control. Wall Street futures extended gains after the data. Nasdaq futures were up 1.2 and SP 500 futures gained 0.8.... https://www.gurutrade.com/news/global-shares-bonds-gain-as-oil-drops-jobs-data-misses-1790953658.html Fri, 02 Oct 2026 04:50:51 +0300 https://www.gurutrade.com/news/oil-drops-over-3-on-talks-over-diesel-crude-stock-releases-1790948284.html Europe weighs new diesel stocks release after US pressure, sources say China halts refined fuel exports for October Zelenskiy says Ukraine struck oil facilities in Russia39;s Samara and Volgograd LONDON, Oct 2 Reuters Oil prices fell more than 3 and European gasoil futures dropped over 4 on Friday after reports of talks in Europe on additional diesel and crude stock releases, easing concerns over tight global energy supplies. Brent was down 3.06, or 3, at 99.25 a barrel at 1409 GMT. West Texas Intermediate dropped 3.95, or 4.25, to 88.92 a barrel. Both benchmark contracts were poised for a weekly decline, with Brent down about 4.7 so far for the week and WTI around 3.7 lower. European gasoil futures , a benchmark for diesel prices, fell about 4.3 to 1,386.75 a metric ton. The whole energy complex trades lower, led by gasoil and ULSD, as EU countries discuss releasing fuel and crude stockpiles to ease acute market tightness and help avert a potential US diesel export ban, Ole Hansen, head of commodity strategy at Saxo Bank, said. FRENCH PROPOSAL European Union countries on Friday discussed a French proposal to release additional diesel stockpiles in response to US pressure on European nations to unleash more supplies, a source familiar with details of the discussion told Reuters on Friday. In a call on Friday, EU countries39; governments discussed a French proposal for European countries to release 50 million barrels of diesel, and for International Energy... https://www.gurutrade.com/news/oil-drops-over-3-on-talks-over-diesel-crude-stock-releases-1790948284.html Fri, 02 Oct 2026 04:30:24 +0300 https://www.gurutrade.com/news/uk-sept-car-sales-rise-12-as-evs-chinese-brands-gain-1790952638.html BEV registrations jump 36.3 in September Chery39;s Jaecoo 7 leads September UK sales Petrol39;s market share fell to 41.5 in the first nine months Oct 2 Reuters Britain39;s new car registrations rose 12 in September from a year earlier to their highest level for the month since 2017, helped by strong demand for electric vehicles, according to preliminary data from a trade body on Friday. Electric vehicles have been gaining ground in Europe as rising fuel costs, largely driven by global oil shocks from the Iran war, steered customers toward alternatives. Battery EV registrations rose 36 yearonyear to 99,199 units in September, accounting for 28.3 of the market, the Society of Motor Manufacturers and Traders said. In contrast, petrol car registrations fell 6.7 and hybrid EV registrations slipped 4.2 last month, the data showed. The global auto industry has also had to contend with a hit to diesel supply due to the US war with Iran and a Russian ban on exports after Ukraine damaged many of its refineries. There is also growing pressure on Europe as US President Donald Trump considers a potential ban on US diesel exports. Diesel registrations in the UK rose 11.5 in September, although they are down 7 in the first nine months of 2026, with a shrinking market share of about 4.5 this year. Petrol cars still hold the biggest share at 41.5 in the first nine months. Britain is reviewing its zeroemission vehicle targets to ease pressure on carmakers, but the industry... https://www.gurutrade.com/news/uk-sept-car-sales-rise-12-as-evs-chinese-brands-gain-1790952638.html Fri, 02 Oct 2026 03:10:46 +0300 https://www.gurutrade.com/news/poland-fuel-cap-may-ease-pressure-on-central-bank-to-tighten-1790959835.html Fuel package expected to cut inflation by 0.60.7 percentage points, analysts said Lower inflation reduces pressure for an interestrate hike this year Government hopes windfall tax will offset price cap costs WARSAW, Oct 2 Reuters A fuel price cap introduced following the Polish president39;s decision to approve a windfall tax on energy firms will lower inflation towards the target range, reducing pressure on the central bank to raise rates this year, analysts said on Friday. Before the move, a significant acceleration in inflation had increased pressure on the central bank to tighten monetary policy this year a move already signalled by some Polish central bankers. The National Bank of Poland kept its main interest rate at 3.75 in September, maintaining its cautious approach as rising commodity prices and increased energy costs create a risk of a higher inflation rate. The NBP will make its rate decision on Wednesday, with most analysts projecting no change, although market pricing for the next four meetings is almost evenly split between prospects of steady rates and a rate rise amid accelerating inflation. A more favourable shortterm inflation outlook allows the Monetary Policy Council to keep interest rates unchanged this year. Inflation could fall to around 3.5 yearonyear in October, ING economists said. Our updated scenario projects rate hikes only in the first quarter of 2027. The Czech central bank left its main repo rate unchanged at 3.75 last month,... https://www.gurutrade.com/news/poland-fuel-cap-may-ease-pressure-on-central-bank-to-tighten-1790959835.html Fri, 02 Oct 2026 02:10:20 +0300 https://www.gurutrade.com/news/nuveen-buys-schroders-creating-2-6t-investment-group-1790955785.html Oct 1 Reuters U.S. asset manager Nuveen said on Thursday it had completed its acquisition of British fund manager Schroders, creating a combined company with over 2.6 trillion in assets under management and a presence across more than 40 markets. Schroders will continue to operate separately within Nuveen for the next 12 to 18 months, led by Group Chief Executive Richard Oldfield, who will report to Nuveen CEO William Huffman. A closely watched 39;core39; figure, which excludes volatile food and fuel prices and signals underlying trends, accelerated to 2.5 from 2.4, on a pickup in services prices, data from Eurostat, the EU39;s statistics agency, showed on Friday. Rising fuel costs are putting pressure on European governments to support households and businesses, and in some countries such as France have already triggered street protests, potentially stretching already precarious public finances. While subsidies have been minor so far, totalling around 0.1 of the bloc39;s GDP, they are less targeted and temporary than hoped, suggesting more lasting budget pain. For the ECB, the figures are likely to be seen as a mixed bag. The rise in headline inflation further above its 2 target is worrisome and will bolster calls for rate hikes on top of the two moves this summer. WILL ECB MAINTAIN ITS 39;MEASURED39; POLICY RESPONSE? However, the muted increase in core figures indicates that high energy costs have yet to generate the sort of secondround impacts that could set... https://www.gurutrade.com/news/nuveen-buys-schroders-creating-2-6t-investment-group-1790955785.html Fri, 02 Oct 2026 01:50:49 +0300 https://www.gurutrade.com/news/london-shares-recover-as-bond-sell-off-eases-oil-slips-1790945877.html Oct 2 Reuters The UK39;s FTSE 100 rebounded on Friday, as easing oil and bond yields helped allay inflation concerns after a global bonds selloff dented risk appetite earlier this week. The bluechip FTSE 100 index rose 0.28 to 10,455.34 points by 1007 GMT, but was headed for its sharpest weekly decline since April. The midcap FTSE 250 climbed 0.52 to 24,267.39 points. Oil prices , eased about 3 after a sharp rise a day earlier as reports about talks on additional diesel and crude stock releases eased concerns over tight global energy supplies Global shares rose as wild volatility in bond and currency markets eased ahead of key US jobs data, which could shape expectations for the Federal Reserve39;s next policy move Gilt yields dropped, with the benchmark 10year gilt yield falling to 5.332 after climbing to its highest since 2007 in the previous session The retreat in yields helped push ratesensitive homebuilders up 1.1 after a 5 drop a day earlier Still, banks continued to remain under pressure, with the index of UK lenders set for its biggest weekly drop since March Among stocks, IG Group tumbled 22 after the online trading platform cut its 2026 revenue growth forecast, citing weak market conditions that hurt client retention in its overthecounter OTC derivatives business. Peers Plus 500 and CMC Markets declined 4.7 and 8.8, respectively BAE Systems advanced about 1 after reports that the company is among the potential bidders that are... https://www.gurutrade.com/news/london-shares-recover-as-bond-sell-off-eases-oil-slips-1790945877.html Fri, 02 Oct 2026 01:30:31 +0300 https://www.gurutrade.com/news/german-govt-to-raise-forecasts-due-to-strong-h1-source-says-1790946328.html BERLIN, Oct 2 Reuters The main driver behind the German government39;s raised economic forecasts is an unexpectedly strong performance of the German economy in the first half of the year, a government source told Reuters on Friday. The economic recovery still lacks a broad base private consumption and corporate investment are developing only sluggishly, while structural problems affecting Germany as a business location persist, the source said. A person familiar with the draft told Reuters on Thursday that the government raised the growth forecast to 1.3 in 2026 and 1.1 in 2027. It had expected 0.5 growth for 2026 and 0.9 in 2027 in its April forecasts. The new government forecasts which will be published on October 8 are in line with those of Germany39;s leading economic institutes, which were published at the end of September. The economy ministry directed Reuters to the release scheduled for next week and declined to comment further. The fiscal measures introduced so far are expected to raise GDP by 1 by the end of 2027, according to the source. For 2028, the government expects growth of 0.6. The public sector will remain a driver of growth, although to a lesser extent than in previous years, the source said about 2028. Reporting by Holger Hansen, writing by Maria Martinez Editing by Ludwig Burger Source Reuters https://www.gurutrade.com/news/german-govt-to-raise-forecasts-due-to-strong-h1-source-says-1790946328.html Fri, 02 Oct 2026 01:10:16 +0300 https://www.gurutrade.com/news/hong-kong-august-retail-sales-rise-5-6-1790961723.html HONG KONG, Oct 2 Reuters Hong Kong39;s August retail sales value jumped 5.6 from a year earlier to HK32.1 billion 4.09 billion for a 16th month of gains, government data showed on Friday. In July, retail sales value rose 4.5 on the year Growth was seen across many types of retail outlets, while online retail sales value grew notably, reflecting a continued shift in consumer spending towards digital channels For the first eight months of 2026, the total retail sales value increased by 8.5 from a year earlier Looking ahead, sustained economic expansion and rising labour earnings should support local consumption sentiment and spending, a government spokesperson said, with growth in visitor arrivals to further inject vibrancy into the sector Visitor arrivals in August rose 5.9 yy to 5.46 million, data, opens new tab from the Hong Kong Tourism Board showed. The number of mainland Chinese visitors increased 8.2 yy to 4.57 million Sales of jewellery, watches, clocks and valuable gifts rose 11.9 yy in August after a revised 19.9 growth in July Sales of motor vehicles and parts decreased 22 yy in August following a revised 18.3 drop in July Sales of clothing, footwear and allied products slipped 0.3 in August after a 1.6 fall in July 1 7.8465 Hong Kong dollars Reporting by Hong Kong newsroom Editing by David Goodman and Alison Williams Source Reuters https://www.gurutrade.com/news/hong-kong-august-retail-sales-rise-5-6-1790961723.html Fri, 02 Oct 2026 12:50:34 +0300 https://www.gurutrade.com/news/hedge-funds-struggle-for-sept-gains-as-rate-ai-swings-bite-1790961327.html HONG KONG, Oct 2 Reuters Global hedge funds struggled to deliver positive returns in September as surging bond yields, higher oil prices and sharp swings in AI shares whipsawed the markets, according to prime brokerage notes and investors. Global fundamental equity longshort funds on average lost 0.55 last month, Goldman Sachs Prime Services team said in a note, although they still outperformed the MSCI World Index which fell 1.3. In contrast, computerdriven systematic equity longshort funds rose 3.46 last month, marking their best monthly performance this year, according to Goldman Sachs. September was dominated by central bank headlines. The US Federal Reserve raised interest rates for the first time since 2023, signaling more rate hikes in coming months. The Iran war pushed oil prices higher and sent US Treasury yields to twodecade highs. Fears of AI spending slowdown also triggered sharp swings in crowded technology positions from the US to South Korea, complicating shortterm trading. In the US, hedge funds sold most sectors in September, but divergence emerged within the tech sector where electronic equipment and hardware were sold off, while semiconductor equipment and software attracted strong inflows, Goldman Sachs said. In Asia, Morgan Stanley said hedge fund performance was subdued in September due to economic uncertainty. The bank estimated Asian hedge funds across strategies fell 0.6 last month through September 25, compared with a 0.2 decline globally.... https://www.gurutrade.com/news/hedge-funds-struggle-for-sept-gains-as-rate-ai-swings-bite-1790961327.html Fri, 02 Oct 2026 12:30:23 +0300 https://www.gurutrade.com/news/uk-firms-see-smaller-price-rises-steady-wages-boe-shows-1790953317.html LONDON, Oct 2 Reuters British firms expect to raise their prices slightly less quickly in the coming 12 months, a survey published by the Bank of England on Friday showed. The monthly Decision Maker Panel showed companies in the three months to September expected price growth of 3.7 in the year ahead, slowing from 3.8 in the previous survey covering the three months to August. Expectations for yearahead wage growth held steady at 3.4. The BoE is watching wage growth and pricesetting by companies to gauge broader inflation risks from the surge in energy prices caused by the conflict in the Middle East. Investors expect the central bank will increase borrowing costs by a quarterpoint in November in what would be the first interest rate hike since the war in Iran started. Reporting by Suban Abdulla Editing by William Schomberg Source Reuters https://www.gurutrade.com/news/uk-firms-see-smaller-price-rises-steady-wages-boe-shows-1790953317.html Fri, 02 Oct 2026 11:50:24 +0300 https://www.gurutrade.com/news/gm-hangs-on-to-us-sales-crown-but-toyota-closes-in-1790930934.html Reuters General Motors remained the top US auto seller during the third quarter despite a dip in sales, but Toyota Motor continued chipping away at its lead as high gasoline prices pushed buyers toward hybrids. GM, Ford Motor and Stellantis also called the Detroit Three could see their combined market share dip to around 36 in the quarter, according to industry research firm Cox Automotive, while hybridheavy Asian brands including Toyota and Honda are expected to account for more than half of new vehicle sales in the period. Hybrids have emerged as a top choice for consumers as the Iran war sends oil and fuel prices soaring, with regular gasoline prices hitting a national average of 4.43 a gallon in September, according to AAA, compared with 3.20 a year earlier. Analysts expect Toyota Motor Corporation, with models such as the popular Corolla hybrid, to benefit the most from the shift. While Toyota39;s overall sales rose marginally to 633,223 units in the third quarter, sales of the Corolla hybrid jumped nearly 36 from a year earlier to 13,003 units. Cox also expects Hyundai Motor Group to surpass Ford in quarterly US sales for the first time, forecasting thirdquarter sales of 511,421 vehicles for Hyundai, compared with 504,172 for Ford. Ford is set to report quarterly sales on Friday. AFFORDABILITY PRESSURES CONTINUE While borrowing costs have declined, this has done little to ease affordability pressures as higher new vehicle prices and lower tradein values... https://www.gurutrade.com/news/gm-hangs-on-to-us-sales-crown-but-toyota-closes-in-1790930934.html Fri, 02 Oct 2026 07:40:14 +0300 https://www.gurutrade.com/news/mccormick-price-hikes-boost-results-despite-slow-demand-1790926494.html McCormick tops Wall Street estimates for Q3 profit, sales Spice maker39;s sales growth all from price increases Cyclospora outbreak hampered US consumer demand, co says McCormick shares dive to near 10year lows Reuters McCormick reported higher quarterly sales and profit on Thursday, as pricier seasonings and sauces helped cushion the blow from weaker consumer demand due to elevated gas prices and a cyclospora outbreak that dented volumes. McCormick, like other branded food companies, has come under pressure from elevated costs and financially stretched consumers trading down to cheaper private label goods. Its shares, which have fallen around 32 this year, slumped around 3 to their lowest mark since December 2016 in a volatile session. The Cholula hot sauce maker and competitors such as Conagra Brands and General Mills have leaned on price hikes to shield margins as they counter challenges from uncertainty over US tariffs and surging input costs tied to the Middle East conflict. In the US, higher gas prices and the cyclospora outbreak have added pressure and contributed to softer traffic across foodservice and grocery channels, CEO Brendan Foley said in prepared remarks. Cyclospora is a foodborne parasite that has sickened thousands of Americans this summer. McCormick said the outbreak had mainly impacted fastfood restaurants. For the quarter ended August 31, McCormick39;s prices were up 2.2 from a year ago, while organic volumes dipped 0.3. Its volumes fell... https://www.gurutrade.com/news/mccormick-price-hikes-boost-results-despite-slow-demand-1790926494.html Fri, 02 Oct 2026 07:30:54 +0300 https://www.gurutrade.com/news/rupee-drops-to-2-month-low-as-global-bond-rout-deepens-1790932468.html MUMBAI, Oct 1 Reuters The Indian rupee dropped to its weakest level in two months as global bond yields surged to decadal highs and oil prices jumped, deepening pressure on the South Asian currency that was already hurt by foreign portfolio outflows on Thursday. The rupee ended down 0.5 at 96.3150 per dollar, its sharpest singleday fall in more than two months after it breached the key psychological barrier of 96 even as dollar sales by staterun banks limited its fall. Borrowing costs from the US to France, Britain and Japan hit their highest in decades on Thursday, squeezing already pressured government finances, and threatening stocks, credit and other global assets. The 10year US Treasury yield , a yardstick for borrowing costs and asset prices globally, rose to 5.34, its highest since 2002. Brent crude oil prices reclaimed the 100perbarrel mark as well after China suspended oil products exports, potentially tightening fuel markets already coping with supply shortages globally. The multifront pressures drove down stocks in Mumbai by about 1 while the yield on the 10year benchmark bond rose to its highest level in over two years. Supply disruptions, volatile energy prices and global uncertainty could pose nearterm risks to inflation, the rupee and capital flows, the Indian government said in a report on Thursday. Prevailing pressures on the rupee have also kept exporters reticent about hedging their receivables even as importer hedging remains robust,... https://www.gurutrade.com/news/rupee-drops-to-2-month-low-as-global-bond-rout-deepens-1790932468.html Thu, 01 Oct 2026 02:10:46 +0300 https://www.gurutrade.com/news/global-bonds-hit-by-fiscal-fears-us-10y-yield-at-24y-high-1790851928.html France39;s 10year yield jumps 10 basis points to 4.96, nearing 5 Britain39;s 30year government bond yield rises above 6, highest since 1998 Traders now expect at least three more Fed hikes before mid2027 LONDONSINGAPORE, Oct 1 Reuters Global bonds were engulfed in another selloff on Thursday, squeezing already pressured government finances, as borrowing costs from the US to France, and Japan hit levels not seen in decades, spilling into broader markets including stocks. European shares were hit particularly hard, with the benchmark STOXX 600 index down 1.2 to its lowest since June. The 10year US Treasury yield, a yardstick for global borrowing costs and asset prices, rose to 5.34, its highest since 2002, having posted its biggest quarterly rise this century in the three months to September. Yields rise when bond prices fall, and have been surging around the world as soaring energy costs fan inflation and as the boom in AI and data centre building lift expectations for growth and for where shortterm interest rates will settle. Higher rates raise financing costs for companies and mortgage borrowers and force governments to spend more on interest payments, with less left over for anything else. More heavily indebted countries39; bonds are getting sold harder. France39;s 10year note has just seen its worst quarterly performance since 1987, and its yield jumped by a further 10 basis points on Thursday to 4.96, closing in on the symbolic 5 level. French OATs are... https://www.gurutrade.com/news/global-bonds-hit-by-fiscal-fears-us-10y-yield-at-24y-high-1790851928.html Thu, 01 Oct 2026 01:10:44 +0300 https://www.gurutrade.com/news/ai-adoption-stalls-as-firms-struggle-to-scale-study-shows-1790853522.html Oct 1 Reuters Only 13 of companies were on track with their AI initiatives, as regulatory hurdles and integration with legacy IT systems slowed largescale adoption, a BearingPoint study found. Nearly threequarters of companies surveyed reported positive financial results from AI but less than a third could move beyond pilot projects, the consultancy firm said on Thursday. AI has crossed an important threshold, said BearingPoint expert Frederic Gigant, and added that proving value and scaling it were two different things About 40 of respondents cited legal regulations as the main barrier to scaling AI, while 34 pointed to challenges integrating the new technology into existing IT systems Around 24 of companies reported AIdriven cost savings of at least 10, compared with just 4 reporting revenue growth of the same scale Nearly twothirds of companies estimated excess staffing levels of at least 10 China and the US lead AI adoption, with 20 and 18 of companies reporting comprehensive implementation, versus 8 in Germany The share of companies with AI deeply integrated into operations rose to 11 in 2026 from 7 in 2025 Reporting by Hakan Ersen, writing by Anastasiia Kozlova; Editing by Joyjeet Das Source Reuters https://www.gurutrade.com/news/ai-adoption-stalls-as-firms-struggle-to-scale-study-shows-1790853522.html Thu, 01 Oct 2026 01:10:10 +0300 https://www.gurutrade.com/news/french-manufacturing-expands-at-slower-pace-in-sept-pmi-1790942771.html Oct 1 Reuters France39;s manufacturing sector expanded for a second straight month in September, although the pace of growth slowed as new orders fell, a business survey showed on Thursday. The SP Global France Manufacturing Purchasing Managers39; Index PMI fell to 50.6 points in September from 51.1 in August, said the SP Global survey. Any figure above 50 points marks an expansion in activity, while below 50 shows a contraction. That final September manufacturing PMI was nevertheless stronger than the flash manufacturing PMI figure of 50.3 points. SP Global said there had been an increase in factory production, although new orders had fallen for the fifth successive month. It added that inflationary pressures remained a concern. Data published this week showed that French consumer prices had risen by more than expected, with the headline inflation figure standing at 3.4. Against a backdrop of rising inflation, an intensification of the energy market crisis and a tightening of financial conditions, France39;s manufacturing sector managed to grow in September, said Joe Hayes, senior principal economist at SP Global Market Intelligence. It points to a striking degree of resilience, although falling new orders, inventory pullbacks and weak expectations raise questions about the durability of this expansion, he added. Reporting by Sudip KarGupta; Editing by Toby Chopra Source Reuters https://www.gurutrade.com/news/french-manufacturing-expands-at-slower-pace-in-sept-pmi-1790942771.html Thu, 01 Oct 2026 11:50:33 +0300 https://www.gurutrade.com/news/euro-zone-factory-growth-accelerates-again-in-september-pmi-1790933337.html BENGALURU, Oct 1 Reuters Factory growth in the euro zone continued its upward march in September, hitting its fastest rate in more than four years, as resilient demand drove new orders and output to multiyear highs despite the ongoing Middle East conflict, a survey showed. SP Global39;s Eurozone Manufacturing Purchasing Managers39; Index PMI rose for a third consecutive month to 52.9 in September from 52.7 in August, its highest level since May 2022 and above a preliminary estimate of 52.7. A reading above 50.0 indicates growth. The upturn is being driven by rising demand for investment goods such as machinery and equipment, with output of these capital goods growing in September at a rate not seen since the postCOVID rebound five years ago, said Chris Williamson, chief business economist at SP Global Market Intelligence. This reflects higher demand for AI and defencerelated equipment in particular. Growth was broadbased across the bloc, with the Netherlands leading the expansion. Germany, the region39;s largest economy, recorded solid growth while expansion was modest in France, Italy and Spain. New orders expanded at their fastest rate since early 2022, helped in part by export growth that hit a more than fourandahalfyear high. The output subindex climbed to a 55month high of 53.6, supporting a rise in business confidence to its strongest level since February. After ending a more than threeyear run of job cuts in August, manufacturers stepped up hiring in... https://www.gurutrade.com/news/euro-zone-factory-growth-accelerates-again-in-september-pmi-1790933337.html Thu, 01 Oct 2026 11:30:58 +0300 https://www.gurutrade.com/news/german-manufacturing-upturn-holds-firm-in-september-pmi-1790932973.html BERLIN, Oct 1 Reuters Germany39;s manufacturing sector sustained its upturn in September as production levels and new orders once again registered strong growth despite renewed inflationary pressures stemming from the global energy markets, a business survey showed on Thursday. The SP Global final Purchasing Managers39; Index for German manufacturing fell slightly, to 53.9 in September from 54.3 the month before but above a preliminary reading of 53.8. Production rose for a ninth straight month, easing only slightly after August39;s fastest expansion in more than fourandahalf years. New orders also increased for a fourth month, with export sales growing again on demand from Asia, Europe and the US. The numbers add to the growing narrative that economic conditions are holding up better than expected in the face of elevated energy prices and rising longterm interest rates, said Phil Smith, economics associate director at SP Global Market Intelligence. Cost pressures intensified in September after easing in the previous three months, with input price inflation rising to its highest since June, while output price inflation edged up to a threemonth high. Good producers39; output expectations over the coming 12 months reached their highest level since February. Reporting by Miranda Murray; Editing by Toby Chopra Source Reuters https://www.gurutrade.com/news/german-manufacturing-upturn-holds-firm-in-september-pmi-1790932973.html Thu, 01 Oct 2026 11:10:16 +0300 https://www.gurutrade.com/news/s-korean-shares-end-nearly-2-higher-on-record-chip-exports-1790931857.html KOSPI rises, foreigners are net sellers Korean won weakens against dollar South Korea benchmark bond yield rises For the midday report, please click SEOUL, Oct 1 Reuters Roundup of South Korean financial markets South Korean shares recouped early losses to end nearly 2 higher on Thursday, led by gains in chipmakers after domestic trade data smashed forecasts to hit a fresh record. The benchmark KOSPI closed 133.31 points, or 1.95 higher, at 6,971.35, after falling as much as 1.1 earlier in the session. The KOSPI snapped three consecutive sessions of decline to post its biggest daily percentage rise since September 18. The domestic market was led by strength in the chip sector after export data. However, we still need to see if growth rates will continue to improve, said Seo Sangyoung, an analyst at Mirae Asset Securities. South Korea39;s exports jumped 83.5 in September from a year earlier to a record 120.9 billion, beating the median market expectation for a 62.0 increase, as semiconductor shipments more than tripled on global AI spending. South Korea39;s factory activity grew in September at the strongest pace in four months, as export demand hit the fastest pace in 1512 years led by the chip and auto sectors, a survey showed. Upbeat domestic data came after US chipmaker Micron Technology forecast quarterly revenue above estimates on Wednesday and said customers had increased commitments under its longterm supply agreements to 32 billion, signalling... https://www.gurutrade.com/news/s-korean-shares-end-nearly-2-higher-on-record-chip-exports-1790931857.html Thu, 01 Oct 2026 10:50:39 +0300 https://www.gurutrade.com/news/citi-lifts-bitcoin-ether-targets-on-strong-crypto-activity-1790842801.html Oct 1 Reuters Citigroup raised its 12month forecasts for bitcoin and ether, citing stronger crypto activity, a supportive macroeconomic backdrop and a resumption of ETF inflows. The brokerage increased its target for bitcoin to 113,000 from 82,000 and for ether to 3,028 from 2,240. Citi said in a note dated Wednesday that it expects crypto inflows to resume at a slower but steadier pace as advisers and brokerages gradually increase allocations to bitcoin The brokerage also forecast 5 billion of inflows over the next 12 months The US Senate last week failed to advance The Clarity Act, aimed at creating a regulatory framework for digital assets, in a setback for the broader industry The Clarity Act39;s failure narrowed the path to a marketstructure bill, yet spurred Securities and Exchange Commission SEC rule announcements that dampened negative sentiment, Citi said Bitcoin and ether have rallied nearly 40 and 68, respectively, in the past 3 months, narrowing their yeartodate losses to about 4 and 9 After months of lagging broader risk assets, bitcoin has risen 40 since its July lows as a soft dollar, following the US Treasury39;s recent move to buy back longerdated bonds, revived momentum across crypto markets Reporting by Kanishka Ajmera in Bengaluru; Editing by Sherry JacobPhillips Source Reuters https://www.gurutrade.com/news/citi-lifts-bitcoin-ether-targets-on-strong-crypto-activity-1790842801.html Thu, 01 Oct 2026 10:30:13 +0300 https://www.gurutrade.com/news/uk-annual-house-price-growth-weakest-since-dec-2025-1790943684.html LONDON, Oct 1 Reuters British annual house prices rose at their weakest annual pace since December 2025 last month and unexpectedly fell 0.2 on the month, in a sign that higher borrowing costs caused by the war in Iran hurt demand. Prices rose by 0.8 in September compared with the same month last year, mortgage lender Nationwide Building Society said on Thursday, the weakest annual growth since December 2025 and halving from August39;s 1.6 increase. The rise was below the 1.3 annual increase which was forecast in a Reuters poll of economists. In monthly terms, prices dropped at the jointfastest pace since May, and below the zero growth forecast in the poll. Market activity and house prices have remained subdued in recent months, in part reflecting the uncertain economic backdrop, said Robert Gardner, Nationwide39;s chief economist. Geopolitical tensions remain high, with the conflict in the Middle East exerting upward pressure on energy prices, fanning inflation concerns. He said while there were signs that higher energy prices were not feeding through to underlying price pressures, investor expectations that the Bank of England will raise borrowing costs have kept upward pressure on mortgage rates. Financial markets expect the BoE to increase the benchmark Bank Rate by a quarterpoint in November and another move is priced in for February. Prime Minister Andy Burnham has announced a new loan program to help first time buyers get on the property ladder. It will... https://www.gurutrade.com/news/uk-annual-house-price-growth-weakest-since-dec-2025-1790943684.html Thu, 01 Oct 2026 10:10:43 +0300 https://www.gurutrade.com/news/tech-stocks-rise-on-micron-but-treasury-rout-weighs-1790850868.html Japan39;s techheavy Nikkei jumps 3, Korea39;s KOSPI up nearly 2 Softerthanexpected US inflation data tempers rate hike bets Bond yields at multiyear highs keep investors wary US 10year yields rose 87 bps last quarter, most since 1994 SINGAPORE, Oct 1 Reuters Asian technology stocks rose on Thursday boosted by blockbuster earnings from AI chipmaker Micron, although US bonds struggled after their sharpest quarterly selloff in more than three decades as inflation risks from elevated energy prices linger. Stalling peace talks between the US and Iran to end the sevenmonthlong war in the Middle East have kept crude prices aloft. Brent futures surged 42 in the JulySeptember quarter. signalled strong demand for AI memory chips, with financial commitments under longterm supply agreements at 32 billion, up from 22 billion in June. That helped push techheavy stock markets in Asia higher. Japan39;s Nikkei jumped over 3, and South Korea39;s KOSPI reversed earlier losses to gain 1.7. Taiwan39;s stock benchmark was 0.8 higher. Futures for the US Nasdaq advanced 0.7, while SP 500 futures were up 0.4. European stock futures though slid 0.75, while Asian markets without a high concentration of AI shares were also lower. Micron39;s numbers are another strong validation of AI and memory demand, but markets may increasingly be asking whether we are closer to peak memory shortage, even if demand continues to exceed supply, said Charu Chanana, chief investment strategist at Saxo.... https://www.gurutrade.com/news/tech-stocks-rise-on-micron-but-treasury-rout-weighs-1790850868.html Thu, 01 Oct 2026 09:30:45 +0300 https://www.gurutrade.com/news/asian-factory-activity-expands-thanks-to-global-ai-boom-1790849626.html South Korea39;s activity expands at fastest pace in 4 months Japan, Taiwan factories also benefit from global AI demand Surveys follow those showing factory expansion in China TOKYO, Oct 1 Reuters Factory activity across Asia expanded in September thanks to the global AI boom, private surveys showed on Thursday, offering some relief to policymakers who are concerned about nagging cost pressures attributable to the USIsraeli war on Iran. While a renewed rise in energy prices clouded the global economic outlook, export powerhouses Japan, South Korea and Taiwan saw manufacturing activity expand on solid demand for chips and artificial intelligencerelated goods. On Wednesday, surveys showed that China39;s factory activity also expanded last month as easing weather disruptions allowed factories to resume operations. South Korea, in particular, saw factory activity grow in September at the biggest margin in four months, as export demand grew at the fastest pace in 1512 years. Both new orders and production growth hit the highest for around fiveandahalf years, with anecdotal evidence often linking the expansions to the combined strength of the semiconductor and automotive sectors, said Usamah Bhatti, economist at SP Global Market Intelligence, about South Korea. South Korea39;s purchasing managers39; index PMI, published by SP Global, stood at 53.9 in September, up from 52.3 in August, the highest level since May. The index remained above 50, which separates expansion... https://www.gurutrade.com/news/asian-factory-activity-expands-thanks-to-global-ai-boom-1790849626.html Thu, 01 Oct 2026 09:10:08 +0300 https://www.gurutrade.com/news/us-q2-gdp-revised-higher-amid-robust-consumer-spending-1790855082.html WASHINGTON, Sept 30 Reuters The US economy grew at a solid clip in the second quarter, driven by robust consumer spending and business investment related to the buildout of AI infrastructure. Gross domestic product increased at a 2.2 annualized rate, revised up from the previously estimated 1.5 pace, the Commerce Department39;s Bureau of Economic Analysis said in its third estimate of secondquarter GDP on Wednesday. Economists polled by Reuters had expected that GDP growth would be unrevised. The economy grew at a 2.5 rate in the first quarter. That was revised up from the previously reported 2.1 pace. The BEA revised GDP data going back to 2021 to reflect updated information. The growth numbers suggest the economy has so far held up in the face of headwinds from the USIsraeli war with Iran, thanks to businesses aggressively investing in AI and generous tax refunds from last year39;s tax legislation underpinning consumer spending. Consumer spending, which accounts for more than twothirds of the economy, grew at a 3.8 rate last quarter, revised up from the previously reported 3.4 pace. Spending grew at a 0.7 rate in JanuaryMarch quarter. But even as consumers continue to spend, household budgets are increasingly under strain from higher inflation, notably gasoline prices. A survey from the Conference Board on Tuesday showed consumer confidence diving to a near 1212year low in September. Despite the anxiety over inflation, the vigorous pace of consumer spending... https://www.gurutrade.com/news/us-q2-gdp-revised-higher-amid-robust-consumer-spending-1790855082.html Thu, 01 Oct 2026 08:30:46 +0300 https://www.gurutrade.com/news/s-p-500-dips-nasdaq-up-inflation-rise-matches-expectations-1790855515.html August PCE index cooler than expected SP 500, Nasdaq record second straight quarterly gains Moderna falls after Citigroup downgrades to 39;sell39; Indexes Dow off 0.86, SP off 0.25, Nasdaq up 0.24 NEW YORK, Reuters Nasdaq climbed on Wednesday and the SP 500 dipped, but both indexes notched their second straight quarterly gains, as a softerthananticipated inflation reading cooled expectations that Federal Reserve policymakers would hike rates in October. The US Commerce Department reported the Personal Consumption Expenditures Price Index PCE increased 3.4 on an annual basis in August, below the 3.7 estimate of economists polled by Reuters. Separately, the final reading of secondquarter GDP data was revised higher to a 2.2 annualized rate, thanks to solid consumer spending and investments helping to fuel the buildout of AI infrastructure. The rising prices of crude oil from the USIran war and skyhigh diesel fuel costs have stoked inflation worries and pushed US Treasury yields higher. Fed officials have indicated more rate hikes might be needed if price pressures fail to moderate after the central bank raised interest rates by 25 basis points this month. Stocks lost ground heading into the closing bell, however, as the 2year US Treasury note yield, which typically moves in step with Fed interestrate expectations, turned slightly higher on the day. Longerdated yields kept climbing on expectations for solid economic growth. Market expectations for a rate hike of at... https://www.gurutrade.com/news/s-p-500-dips-nasdaq-up-inflation-rise-matches-expectations-1790855515.html Thu, 01 Oct 2026 08:10:55 +0300 https://www.gurutrade.com/news/huawei-unveils-mate-90-series-leaning-on-homegrown-chips-1790852983.html Huawei exec says company still faces constraints in supply of advanced chips Latest phones run on Huawei39;s homegrown, Androidfree HarmonyOS 7 operating system Launch expected to test whether Huawei can keep advancing its smartphone lineup BEIJING, Oct 1 Reuters Huawei Technologies RICRICHWT.UL unveiled its Mate 90 smartphone series on Thursday, betting on its inhouse operating system and redesigned chip architecture to boost its performance in the face of US curbs on shipments of advanced semiconductors. Speaking to reporters on Tuesday ahead of the launch, Huawei consumer business chief Richard Yu said the company still faces constraints in the supply of advanced chips. Advanced semiconductor capacity remains very limited in China, and Huawei39;s Ascend AI chips also draw on that same capacity, Yu said. The capacity for smartphone chips remains tight, even though rising smartphone prices have curbed shipment volumes for handsets. The launch will test whether Huawei can keep advancing its smartphone lineup despite US restrictions that have limited its access to cuttingedge chipmaking tools, forcing the company to develop alternative ways to boost processor performance. The Mate 90 series succeeds the Mate 80 line launched in November 2025. Premium models, including the Mate 90 Pro Max, are powered by Huawei39;s Kirin 9050 Pro, a systemonchip built with a technique Huawei calls LogicFolding. The method restructures a chip39;s internal wiring in three... https://www.gurutrade.com/news/huawei-unveils-mate-90-series-leaning-on-homegrown-chips-1790852983.html Thu, 01 Oct 2026 07:50:50 +0300 https://www.gurutrade.com/news/us-aug-inflation-below-forecast-gives-fed-breathing-room-1790849101.html PCE Price Index increases 0.3 in August; up 3.4 yearonyear Core PCE inflation gains 0.2; advances 3.0 yearonyear Government changed methodology for some components Consumer spending surges 0.9; saving rate revised higher Gross domestic product increases at upwardly revised 2.2 rate in second quarter WASHINGTON, Reuters US inflation increased less than expected in August and price pressures were more moderate in the prior month than previously reported, likely reducing the urgency for the Federal Reserve to raise interest rates again in October. Another rate hike this year, however, remains on the table as the report from the Commerce Department on Wednesday showed consumer spending surging last month. The economy so far appears to be holding up despite headwinds from the USIsraeli war with Iran, which has raised energy prices. With diesel prices at record highs, economists expected inflation to remain high. Financial markets knocked down bets for additional policy tightening next month. The lessthanfeared price data for August may buy the Fed time to await more data and pass on October 28, but stillelevated inflation and a resilient consumer and economy point to another rate hike by yearend, said Sal Guatieri, a senior economist at BMO Capital Markets. The Personal Consumption Expenditures Price Index rose 0.3 last month after a downwardly revised 0.1 gain in July, the Commerce Department39;s Bureau of Economic Analysis said. Economists polled by Reuters had... https://www.gurutrade.com/news/us-aug-inflation-below-forecast-gives-fed-breathing-room-1790849101.html Thu, 01 Oct 2026 07:40:52 +0300 https://www.gurutrade.com/news/bmw-bets-on-cuts-new-models-and-ai-to-revive-its-fortunes-1790843366.html Midterm margin goal 35, longterm 810 by early next decade BMW plans highend SUV for US market, entrylevel EV for Europe Restructuring continues with 20 reduction of divisions and management roles MUNICH, Sept 30 Reuters BMW set out a restructuring plan on Wednesday centred on AI, management cuts and two new model launches as the German luxury automaker seeks to restore investor confidence after a string of profit warnings and a deep slump in its share price. As Europe39;s car industry struggles with weak demand, Chinese competition and US tariffs, BMW39;s reputation for stability took a hit in June when it issued its third profit warning linked to weak performance in China in just over three years. The company responded with a redundancy programme expected to affect about 8,000 jobs in Germany, joining rivals Volkswagen and MercedesBenz in cutting costs. BMW, whose shares have fallen more than a third over the past year to their lowest level in more than six years, unveiled the recovery plan during a twoday investor event at its Gut Schwaerzenbach retreat in Bavaria and at its Munich headquarters. It set a mediumterm target for margins in its core automotive business of 3 to 5 by 2028. By the early 2030s, BMW aims to return to a margin range of 8 to 10, up from 2.3 in its latest results. By mid2027, the group aims to cut divisions and associated management roles by a fifth. AI will play a central role in efforts to streamline the company and speed up... https://www.gurutrade.com/news/bmw-bets-on-cuts-new-models-and-ai-to-revive-its-fortunes-1790843366.html Thu, 01 Oct 2026 07:30:34 +0300 https://www.gurutrade.com/news/sec-unveils-new-retail-investor-proposals-for-private-assets-1790789811.html SEC proposes broader access to private assets for accredited investors Proposals include changes to performance fees and increased closedend fund liquidity Critics say effort would help Wall Street at the expense of retail investors WASHINGTON, Sept 30 Reuters The US securities regulator proposed new regulations on Wednesday aimed at expanding access to private assets that have traditionally been reserved for professionals, potentially offering higher returns but also exposing everyday Americans to more risk. The Securities and Exchange Commission39;s proposals are part of a broader push by the Trump administration to democratize private assets, such as private equity, private credit, real estate and venture capital that can potentially result in higher returns than traditional stock and bond portfolios. This included enabling potentially hundreds of thousands of certified professionals, such as accountants, financial analysts and planners and licensed research analysts to access private investments as socalled accredited investors, a status that currently requires wealth and income tests or holding accredited professions such as being a brokerdealer. Critics say the effort is a boon for Wall Street, coming at the expense of retail investors who may not understand the fees involved or risks of such assets, which are often hard to price and cannot be immediately redeemed for cash. As I39;ve said repeatedly, exposure to the full dynamism of our markets should not... https://www.gurutrade.com/news/sec-unveils-new-retail-investor-proposals-for-private-assets-1790789811.html Wed, 30 Sep 2026 07:30:14 +0300 https://www.gurutrade.com/news/ford-f-150-supplier-disruption-to-impact-q3-sales-ceo-says-1790785294.html Sept 30 Reuters Ford CEO Jim Farley said a supplier issue that affected F150 pickuptruck output in recent days has been resolved, but the snag has impacted the companys thirdquarter wholesale numbers. Production of Fords bestselling vehicle was halted last week at a Detroitarea factory because of a supply problem, and had been scheduled to resume on Tuesday, Reuters reported last week, citing an internal memo. Fords Kansas City F150 plant also was affected, Reuters reported. Farley told reporters during an event on Wednesday that the issue with the supplier, which he did not name, has been fixed. We are back up and running, he said. The supplier issue, you know, we have ways to address it. It is impacting our thirdquarter wholesale. But Im very optimistic. Farley also said that the company is fully recovered from the effects of two factory fires late last year that disrupted production at aluminum supplier Novelis, crimping Fords truck output for much of the year. The supplier issue that affected Fords truck output in the past week was unrelated to the aluminum issue, Reuters reported last week. Sales of Fords FSeries trucks, which fuel the bulk of the companys profits, fell 11 year over year through August. Reporting by Mike Colias; Editing by Chizu Nomiyama and Mark Porter Source Reuters https://www.gurutrade.com/news/ford-f-150-supplier-disruption-to-impact-q3-sales-ceo-says-1790785294.html Wed, 30 Sep 2026 06:30:52 +0300 https://www.gurutrade.com/news/us-transport-chief-sees-no-safety-risk-in-737-max-software-1790785599.html WASHINGTON, Sept 30 Reuters US Transportation Secretary Sean Duffy said Wednesday he does not currently see any safety concern stemming from a software issue involving the Boeing 737 MAX fleet. If there was like, 39;Hey we39;ve got a safety issue,39; we have a different response, Duffy told reporters after an event in Washington. We39;ve learned when you don39;t respond quickly to things, bad things can happen. He added the agency saw no need to ground the 737 MAX fleet over the issue. On Saturday, Boeing said a software issue affecting certain 737 MAX aircraft could prevent pilots from accessing automated flight guidance during a specific landing scenario. The company said it had informed operators and was developing a software update to permanently address the problem. On Monday, the Federal Aviation Administration said it will hold off certifying Boeing39;s longdelayed 737 MAX 10 until the software issue is resolved. On Wednesday, Duffy compared the issue to an update on a smartphone, adding that the software update hasn39;t been flagged for us as a safety issue. Earlier, the FAA said the software version can increase pilot workload when doing a goaround, where a pilot aborts a landing attempt, applies power, and climbs back into the sky to try to land again. The FAA said it planned to convene a Corrective Action Review Board to investigate the issue. Officials said this may not take place until next week at the earliest. Reporting by David Shepardson; Editing... https://www.gurutrade.com/news/us-transport-chief-sees-no-safety-risk-in-737-max-software-1790785599.html Wed, 30 Sep 2026 06:10:57 +0300 https://www.gurutrade.com/news/general-mills-names-insider-mcnabb-ceo-succeeding-harmening-1790857265.html Sept 30 Reuters General Mills on Wednesday appointed Chief Operating Officer Dana McNabb as its CEO, leaning on an insider to steer the company through a difficult environment of high inflation, low consumer spending and private labels eroding branded goods39; market share. Consumer goods firms have been changing CEOs as boards run out of patience with sluggish growth and companies battle US tariff uncertainty and elevated supplychain costs from the Middle East conflict while struggling to connect with younger shoppers. McNabb will succeed Jeff Harmening on January 1, when he becomes the executive chair, after nearly a decade as CEO during which he spearheaded the Cheerios maker39;s entry into the fastergrowing petfood market through its Blue Buffalo deal, reshaped its portfolio and stepped up investment in digital capabilities. McNabb has a tall task ahead of her, said Stephanie Link, chief investment strategist at General Mills investor Hightower Advisors. The goal for her is to return the company to profitable growth, build on other divestitures beyond North American yogurt to narrow the product set and focus on core brands particularly healthfocused offerings and modernize the supply chain, she said. General Mills is facing higher costs, including tariffrelated increases in packaging materials, while seeking price hikes to protect its underpressure margins. McNabb, 50, has spent 27 years at General Mills and held several senior leadership roles across... https://www.gurutrade.com/news/general-mills-names-insider-mcnabb-ceo-succeeding-harmening-1790857265.html Wed, 30 Sep 2026 03:50:55 +0300 https://www.gurutrade.com/news/hormel-foods-to-buy-chicken-firm-brakebush-for-1-06b-1790784904.html Sept 30 Reuters Hormel Foods on Wednesday said it would buy familyowned chicken processor Brakebush Brothers for 1.06 billion, as the Skippy peanut butter maker looks to expand its protein portfolio. Consumers are increasingly gravitating toward proteinrich meals as health and wellness trends shape food choices. The Westfield, Wisconsinbased Brakebush generated nearly 1.2 billion in net sales in the last 12 months. The company, operated by the Brakebush family since 1925, sells processed raw and cooked chicken, including patties, wings and nuggets. Hormel said the deal is expected to close in the first quarter of fiscal year 2027 and will add to its adjusted earnings per share from fiscal 2028. Hormel, which also owns brands such as organic meat processor Applegate, last month cut its annual sales forecast after missing thirdquarter sales estimates. Its shares rose about 2 in premarket trading following the news. Reporting by Shania S Thomas in Bengaluru; Editing by Arun Koyyur and Sahal Muhammed Source Reuters https://www.gurutrade.com/news/hormel-foods-to-buy-chicken-firm-brakebush-for-1-06b-1790784904.html Wed, 30 Sep 2026 03:30:39 +0300 https://www.gurutrade.com/news/german-inflation-rises-slightly-faster-than-expected-in-sept-1790783147.html BERLIN, Sept 30 Reuters German inflation accelerated slightly more than expected in September due to the energy price shock of the Iran war, following the trend in other big euro zone economies. Inflation in Germany rose to 3.3 yearonyear, preliminary data from the federal statistics office showed on Wednesday. Analysts polled by Reuters had forecast the EUharmonised consumer price index at 3.2 in September, compared with 2.9 the month before. Energy inflation rose to 14.9 in September from 10.5 in August. Core inflation, which excludes the volatile prices of energy and food, remained unchanged for the third consecutive month at 2.4. The German data comes ahead of the euro zone inflation release on Friday. Inflation in the bloc is expected to come in at 3.6 in September, up from 3.2 in the previous month, according to economists polled by Reuters. Reporting by Miranda Murray and Maria Martinez Editing by Ludwig Burger and Matthias Williams Source Reuters https://www.gurutrade.com/news/german-inflation-rises-slightly-faster-than-expected-in-sept-1790783147.html Wed, 30 Sep 2026 03:10:13 +0300 https://www.gurutrade.com/news/sbi-buys-nearly-40-of-reliance-s-1-35b-debt-sale-1790786390.html MUMBAI, Sept 30 Reuters State Bank of India, the country39;s largest lender, led the demand for Reliance Industries39; 130billionrupee 1.35 billion 10year debt sale completed on Wednesday, according to five sources familiar with the transaction. The staterun bank is estimated to have bought bonds worth nearly 50 billion rupees, or about 40 of the offering, they said. The bonds were rated AAA by rating agencies Crisil and CareEdge, and carried an annual coupon of 7.90. An AAA rating is the highest credit rating, indicating an exceptionally strong capacity to meet debt obligations and a very low risk of default. Indian companies have accelerated domestic borrowing to secure funding costs before a potentially tighter monetarypolicy stance from the Reserve Bank of India in the wake of high energy prices stoking inflation. The sources requested anonymity as they are not authorised to speak to the media. ICICI Prudential Mutual Fund, SBI Pension Fund, and ICICI Prudential Life Insurance were among the largest investors in the issue, a source said. None of the companies responded immediately to Reuters emails seeking comment. Since longdated highquality papers are always in scarce supply, banks and insurers lapped it up even at a marginal premium, one of the investors said. The transaction follows the oiltotelecom conglomerate39;s 120billionrupee fiveyear bond sale two weeks ago, priced at a 7.47 coupon. It was the group39;s first rupee debt issuance since November... https://www.gurutrade.com/news/sbi-buys-nearly-40-of-reliance-s-1-35b-debt-sale-1790786390.html Wed, 30 Sep 2026 02:50:46 +0300 https://www.gurutrade.com/news/rupee-near-bottom-of-asia-fx-pile-as-global-headwinds-deepen-1790783813.html MUMBAI, Sept 30 Reuters The Indian rupee was among the worst performers in Asia this quarter and over the last 30 days, hit by worries over elevated crude prices and surging global bond yields that added to headwinds for local assets. The currency declined 0.7 on the month and 1.2 in the JulySeptember quarter, averting steeper losses largely on the back of persistent interventions by the Reserve Bank of India. On Wednesday, it closed at 95.83 per dollar, up from 95.98 in the previous session. The South Asian unit navigated a tumultuous quarter which saw benchmark Brent oil prices swing between 70 per barrel and nearly 110 as conflict between the US and Iran ebbed and flowed. While higher oil prices may continue to weigh on the current account, we expect healthier capital flow dynamics and the RBI39;s broad policy toolkit, including the potential to raise rates if necessary, to keep the rupee rangebound, analysts at Goldman Sachs said in a note. The Reserve Bank of India39;s monetary policy decision next week is expected to be a key driver, with markets widely anticipating a 25 basis point hike. The sevenmonth old war in the Middle East has also stoked inflation concerns globally, which alongside worries over developed market government finances, lifted bond yields to multiyear highs, hurting emerging market assets. The yield on 10year and 30year US Treasuries climbed 80 bps and 65 bps, respectively, over the quarter, while Indian bonds fared better, with the yield... https://www.gurutrade.com/news/rupee-near-bottom-of-asia-fx-pile-as-global-headwinds-deepen-1790783813.html Wed, 30 Sep 2026 02:30:25 +0300 https://www.gurutrade.com/news/gold-ticks-up-but-sets-for-monthly-loss-on-fed-rate-outlook-1790769825.html Spot gold set to end September down over 5 US PCE inflation due at 1230 GMT Qatari mediators press peace deal between US and Iran Sept 30 Reuters Gold prices edged higher on Wednesday but remained on track for a monthly decline as prospects of higher interest rates dented sentiment, while investors awaited US inflation data for clues on the Federal Reserve39;s policy path. Spot gold rose 0.2 to 4,188.17 per ounce, as of 0920 GMT, but has lost more than 5 so far this month. US gold futures gained 1 to 4,219.90. The US dollar eased but was headed for a monthly gain, making greenbackdenominated metals more expensive for holders of other currencies. Gold is very much at the whims of Fed rate hike expectations and comments from policymakers, said Jamie Dutta, market analyst at trading platform Nemo.money. Last week39;s strong data and hawkish Fedspeak saw a delayed sharp selloff on Monday. But a more dovish slant from the influential Federal Reserve Bank of New York President John Williams on Tuesday has seen bullion prices rebound. Gold fell nearly 4 to as low as 4,110.55 per ounce on Monday, as a surge in crude oil prices led to increased expectations for the Fed to further raise interest rates. Williams, a permanent voter at the Fed39;s ratesetting panel, said on Tuesday that Fed policymakers probably only need to deliver one more hike this year to get inflation back on track to the central bank39;s 2 goal. He also said that there is time to parse data before... https://www.gurutrade.com/news/gold-ticks-up-but-sets-for-monthly-loss-on-fed-rate-outlook-1790769825.html Wed, 30 Sep 2026 02:10:50 +0300 https://www.gurutrade.com/news/sterling-hits-1-month-high-vs-euro-on-uk-gdp-data-boe-bets-1790782893.html UK Q2 growth revised up, lifts sterling Markets price in 33 bps of BoE hikes by yearend Pound set for monthly losses versus dollar PM Burnham39;s first budget to be key driver in October 30 Sept Reuters Sterling hit a 6week high versus the euro on Wednesday after data showed the UK economy grew faster than previously expected in the second quarter, cementing expectations for an interest rate hike by the Bank of England by the end of this year. The pound edged up 0.4 to a oneweek high of 1.3292, recovering from a threemonth low it hit in the previous session. Against the euro it was at its highest since midAugust, with the euro down nearly 0.3 at 85.43 pence. Economic output expanded by 0.5 in the ApriltoJune period, a touch higher than the initial estimate of 0.4. Economists polled by Reuters anticipated no change from the previous estimate. Traders are pricing in around 33 basis points of monetary tightening from the BoE by yearend and more than 100 basis points by the end of 2027, LSEGcompiled data showed, although analysts broadly expect much more limited action. You can see here very clearly a market that is overly hawkish. If we get a resolution by November, the BoE may decide to stay on hold, but if it doesn39;t happen, then they39;ll be pushed to hike because the ECB has hiked, the Fed has hiked, the BOJ has hiked and they may feel a bit of pressure to do it, said Nicolas Trindade, a senior fixed income portfolio manager at BNP Paribas Asset Management.... https://www.gurutrade.com/news/sterling-hits-1-month-high-vs-euro-on-uk-gdp-data-boe-bets-1790782893.html Wed, 30 Sep 2026 02:00:08 +0300 https://www.gurutrade.com/news/ftse-100-up-on-uk-gdp-set-for-worst-month-since-march-1790781938.html Sept 30 Reuters London39;s FTSE 100 rose on Wednesday as investors assessed strongerthanexpected GDP data, and was on course for a monthly loss as persistent inflation concerns and rising bond yields dampened sentiment. The bluechip FTSE 100 index rose 0.26 to 10,664.93 points by 1018 GMT, headed for its biggest monthly loss since March and its seventh consecutive quarterly gain. The midcap FTSE 250 climbed 0.74 but was set to dip for the month. Britain39;s economy grew more quickly than previously thought in the second quarter, with output expanding by 0.5 in the ApriltoJune period, the Office for National Statistics said The data showed unexpected resilience in the face of geopolitical upheaval and a global bond market crisis The positive data helped cyclical stocks, with banks being the biggest boost to the index The utilities sector rose 2.7 a day after UK PM Andy Burnham made a series of policy announcements for the sector Electricity firms National Grid and SSE added about 3 each, while water companies United Utilities and Severn Trent climbed about 2.3 each Energy stocks dropped around 1, limiting gains Bank of England policymaker Alan Taylor said it was unclear that it would be practical for the BoE to do a single rate hike to tame inflation without fuelling unwarranted market speculation of further increases Traders are pricing at least one 25basispoint rate hike by the BoE this year, according to data compiled by LSEG... https://www.gurutrade.com/news/ftse-100-up-on-uk-gdp-set-for-worst-month-since-march-1790781938.html Wed, 30 Sep 2026 01:50:52 +0300 https://www.gurutrade.com/news/oil-gains-as-stalled-us-iran-talks-trump-supply-recovery-1790764939.html Brent heads for 14 monthly gain, biggest climb since July Goldman says Gulf oil exports recover to 23.3 million barrels per day over last week White House urges EU to draw down emergency diesel inventories, two sources say LONDON, Sept 30 Reuters Oil prices rose on Wednesday and were on track for a big monthly gain as USIran talks aimed at ending their war stalled and tight fuel markets continued to underpin prices despite recovering Middle East crude supplies. The Brent futures November contract , which expires on Wednesday, was up 57 cents, or 0.6, to 103.16 a barrel at 0944 GMT. The more active December contract was up 94 cents to 97.10. US West Texas Intermediate crude was up 82 cents, or 0.9, to 90.20. Brent is headed for a monthly gain of around 14, its biggest since July, while WTI is on track for about a 4 rise. The spread between the two benchmarks also expanded to its widest in four months as traders monitored potential plans by the US to restrict diesel exports, which could create an oversupply in the US market and lead refiners there to process less crude. Qatar said on Tuesday it hopes that shuttle diplomacy between Tehran and Washington can lead to a breakthrough. However, US President Donald Trump denied reports by Axios and CNN that cited US officials as saying he was willing to give Iran sanctions relief and release frozen Iranian funds in return for concrete steps by Tehran on its nuclear programme. On Tuesday, Saudi Arabia resumed oil tanker... https://www.gurutrade.com/news/oil-gains-as-stalled-us-iran-talks-trump-supply-recovery-1790764939.html Wed, 30 Sep 2026 01:10:15 +0300 https://www.gurutrade.com/news/japan-economic-panel-members-underline-boj-independence-1790857758.html TOKYO, Sept 30 Reuters Privatesector members of Japan39;s key economic advisory panel reiterated the need for close coordination on monetary policy between the government and the Bank of Japan on Wednesday, while stressing respect for the central bank39;s independence. The recommendations by the four privatesector members of the Council on Economic and Fiscal Policy CEFP mark a shift from May, when they urged the BOJ to pay close attention to funding conditions at smaller firms, which was seen as a call for caution on further interest rate hikes. While respecting the BOJ39;s independence in monetary policy operations, the government and the BOJ should share assessments of economic and price developments and work in close coordination, each fulfilling its respective role, the members said in a statement submitted to the panel39;s meeting. Japan39;s Economy Minister Minoru Kiuchi told reporters after the meeting that the government and the BOJ maintain close communication and regularly exchange views at various levels. As such, we do not think there is any major discrepancy between the two sides in their understanding of economic and price conditions, he added. The CEFP, which is chaired by the prime minister and includes economyrelated ministers and the BOJ governor, oversees Japan39;s fiscal blueprint and longterm economic policies. The privatesector members39; proposals form a basis of discussions at the panel. The careful wording reflects lessons from the... https://www.gurutrade.com/news/japan-economic-panel-members-underline-boj-independence-1790857758.html Wed, 30 Sep 2026 12:50:03 +0300 https://www.gurutrade.com/news/temasek-to-open-riyadh-abu-dhabi-offices-in-mideast-push-1790783495.html HONG KONG, Sept 30 Reuters Singapore state investor Temasek said on Wednesday it planned to open offices in Riyadh and Abu Dhabi in the first half of 2027, subject to approvals, seeking investment and partnership opportunities across the Middle East. The new offices will expand Temasek39;s global network to 15 offices in 11 countries in 2027. Temasek had a net portfolio value of S518 billion 405.5 billion as of March 31, 2026. The Middle East is an important part of Temaseks global network, Temasek Chief Executive Officer Dilhan Pillay Sandrasegara said in a statement. The pace and ambition of economic transformation across the region are remarkable, and its longterm fundamentals remain highly attractive. The expansion signals Temasek39;s confidence in the Gulf39;s longterm growth despite regional tensions that have raised uncertainty for markets, energy supplies and shipping. The statement said Temasek would deepen engagement across the Middle East, particularly in Saudi Arabia, the United Arab Emirates and Qatar, where it sees longterm opportunities for itself and its portfolio companies. Temasek said it would also engage institutions in Qatar and other Middle East markets. The expansion would also strengthen its access to opportunities in Central Asia and Africa, it added. Chia Song Hwee, CEO of Temasek Global Investments, became chairman for the Middle East and Africa on September 1. He will provide senior oversight of Temasek39;s engagement and longterm... https://www.gurutrade.com/news/temasek-to-open-riyadh-abu-dhabi-offices-in-mideast-push-1790783495.html Wed, 30 Sep 2026 11:10:20 +0300 https://www.gurutrade.com/news/indian-shares-set-for-weak-october-as-foreigners-short-1790763163.html Foreign investors39; net Nifty indexfutures shorts rise to about 267,000 contracts from 184,000 Brokerages see 22,35022,500 as key Nifty 50 support zone Rebounds may prove temporary, with resistance at 23,30023,400 Nifty, Bank Nifty rollovers indicate bearish bets carried forward Sept 30 Reuters India39;s monthly equity derivatives expiry on Tuesday signalled a riskoff turn, marked by broad unwinding of bullish positions, a fresh buildup of shorts and heavier foreign investor selling as markets grapple with a global bond rout, brokerages said. The benchmark Nifty 50 fell 6.7 during the September derivative series, making it the worst performer among Asian markets. The Bank Nifty declined 5.7, contributing the most to losses in the benchmark. The rollover data point to a cautious market heading into October. Bearish bets were not merely built during September39;s selloff, but also largely carried into the new series, according to three brokerages. IIFL Capital sees scope for a bounce towards 23,300 as the Nifty approaches the 22,500 level. However, it cautioned that a sustained break below 22,400 could open the door to more losses. Nuvama Alternative and Quantitative Research sees the benchmark between support at 22,350 and resistance at 23,400, despite favourable seasonal trends. The September derivative series saw broadbased selling and heavy bearish bets by overseas investors, analysts at Ambit Capital said, as nearly half of stocks for which futures and... https://www.gurutrade.com/news/indian-shares-set-for-weak-october-as-foreigners-short-1790763163.html Wed, 30 Sep 2026 10:10:44 +0300 https://www.gurutrade.com/news/bonds-set-for-bruising-september-but-stocks-little-fazed-1790764323.html 10year US Treasury bond set for worst month in two years Analysts say markets are moving into a higheryield regime Stocks resilient despite surge in borrowing costs Dollar on track for monthly gain SINGAPORE, Sept 30 Reuters Global bonds wobbled on Wednesday and were set for their worst month in years, hit by a toxic mix of deteriorating government finances, a glut of issuances and rising inflation as the sevenmonthold USIsraeli war on Iran keeps energy costs elevated. Stocks fared better, however, largely unfazed by the surge in bond yields and were upbeat in Asia. The rise in borrowing costs has been frontandcentre for investors, given that sovereign yields are an anchor for global markets, a reference price for investing in riskier stocks and a benchmark for mortgages and corporate borrowing. Benchmark 10year US Treasury yields held near their highest point since 2007 at 5.23 in Asia and were set for a rise of nearly 50 basis points bps this month, the largest in about two years. Bond yields move inversely to prices. In Japan, the 10year government bond was poised for a 42 bps surge this quarter. The 2year Treasury yield was flat at 4.889 after New York Federal Reserve President John Williams pushed back against expectations for earlier policy tightening, though yields remain more than 50 bps higher for the month. This is becoming much bigger than another repricing of the next few central bank meetings, said Charu Chanana, chief investment strategist at... https://www.gurutrade.com/news/bonds-set-for-bruising-september-but-stocks-little-fazed-1790764323.html Wed, 30 Sep 2026 09:30:46 +0300 https://www.gurutrade.com/news/equities-down-as-bond-yields-hold-near-multi-decade-highs-1790788920.html Consumer confidence plunges to nearly 1212year low in September, Conference Board says CarMax jumps after posting higher secondquarter profit, revenue FICO slumps as housing regulator pushes for single pricing framework Indexes off Dow 0.26, SP 500 0.17, Nasdaq 0.08 NEW YORK, Reuters US stocks ended the session slightly lower on Tuesday, as government bond yields continued their ascent ahead of inflation and labor market data, while investors assessed comments from Federal Reserve officials for the path of interest rates. Longerdated US Treasury yields rose, with the 30year bond hitting 5.6206, its highest since June 2002. The yield on the benchmark 10year Treasury bond climbed to 5.293 its highest level since June 2007. Stocks pared declines, however, as yields eased from their earlier highs and shorterduration yields were down on the day as oil prices retreated on signs of a recovery in exports from the Middle East and comments from Federal Reserve Bank of New York President John Williams. Williams said the US central bank has time to weigh the data before deciding when to hike interest rates again. Expectations for a rate hike of at least 25 basis points from the Fed at its October meeting declined to 51.5, according to CME FedWatch, in the wake of Williams39; comments, from nearly 70 earlier in the session. After retreating from highs at the start of the month, oil prices have accelerated higher in recent days as hopes that a USIran peace deal may be on the... https://www.gurutrade.com/news/equities-down-as-bond-yields-hold-near-multi-decade-highs-1790788920.html Wed, 30 Sep 2026 08:10:04 +0300 https://www.gurutrade.com/news/saint-laurent-goes-gold-in-paris-in-possible-finale-for-designer-1790779907.html PARIS, Reuters Saint Laurent creative director Anthony Vaccarello unveiled a headtotoe gold collection of slinky dresses and textured tailoring at Paris Fashion Week on Tuesday. The springsummer 2027 show marked 10 years since Vaccarello39;s first show for the Parisian label owned by luxury group Kering, and came amid reports he was set to step down from the role. On a raised runway under a giant gold chandelier, models strode past wearing gold dresses with raised embroidery, gold brocade skirts and jackets with sharp collars, and gold trench coats. The Eiffel Tower also glittered gold in the background of the show staged outdoors at the Trocadero fountain, with frontrow guests including Blackpink singer Rosé, model Rosie HuntingtonWhitely, and Oscarwinning actors Eddie Redmayne and Rami Malek. Black gowns with billowing sleeves and long trains were the final looks of the show, and Charlotte Gainsbourg performed a song in a classic Saint Laurent black suit before Vaccarello came out to applause from the crowd, smiling and waving. Vaccarello is credited with expanding Saint Laurent39;s reach. The brand39;s revenues were down 6 last year but Kering said in July that it had returned to growth in the first half. Reporting by Helen Reid; Editing by Daniel Wallis Source Reuters https://www.gurutrade.com/news/saint-laurent-goes-gold-in-paris-in-possible-finale-for-designer-1790779907.html Wed, 30 Sep 2026 07:50:30 +0300 https://www.gurutrade.com/news/facing-us-ban-canadian-booze-makers-face-hurdles-at-home-1790767510.html Trade barriers between 10 provinces slow Carney39;s drive to cut US reliance Canadian distillers, winemakers say it39;s difficult to sell nationwide Bulk unbottled whisky still allowed to enter the US after latest Trump measure Ottawa sees much more to do to streamline provincial regulations, spokesperson says WINNIPEG, Manitoba, Sept 29 Reuters As a US ban on many Canadian alcohol imports takes effect on Tuesday, John Cote had hoped to boost domestic sales of his Black Fox artisanal whisky and gin by tapping a wave of buy Canadian sentiment during the trade war with the United States. But it won39;t be easy for him to ship bottles from his Saskatchewan distillery to shelves across the nation. Cote and other brewers, distillers and winemakers say they will struggle to make up for lost US revenues by turning to the Canadian market due to a patchwork of regulations that complicate sales across provincial borders. Many provinces have monopolies on alcohol sales, and they seem reluctant to accept outside products that would compete with local producers, making it hard to win space in shops, they told Reuters. Everybody says 39;We should support Canadian products39;. But from governments, it39;s just talk, said Cote. He said he had sold some whisky at a recent event in Ontario, but lost money on every bottle due to bureaucratic costs and a threeweek delay getting permission. The provincial rather than national focus was on display in Ontario, Canada39;s largest... https://www.gurutrade.com/news/facing-us-ban-canadian-booze-makers-face-hurdles-at-home-1790767510.html Wed, 30 Sep 2026 07:40:59 +0300 https://www.gurutrade.com/news/china-adds-55-tariff-to-brazil-beef-as-imports-hit-quota-1790765383.html BEIJING, Sept 30 Reuters China will start collecting an additional 55 tariff on Brazil39;s beef shipments on October 1 after the South American country reached its annual quota of 1.1 million metric tons, the commerce ministry said on Wednesday. China unveiled the added tariff, applicable to all suppliers, in January to protect its domestic cattle industry. The duty adds to the standard import tariff of 12, taking to 67 Brazil39;s total import duty on all shipments surpassing its quota. Brazil, the world39;s biggest beef exporter, hit its annual quota of 1.1 million tons for shipments to China as of Wednesday, China39;s commerce ministry said. Uruguay had authorised Brazil to use the surplus from its beef export quota to China, Brazilian President Luiz Inacio Lula da Silva said last week. But industry insiders say China has not agreed to allow Brazil to use Uruguay39;s quota this year or the next. Even if Brazil directly reached agreement with other countries over unused beef volumes, China was unlikely to agree, the industry sources told Reuters. In May, Reuters reported Beijing had rejected Brazil39;s repeated lobbying attempts to allow such use. China39;s commerce ministry has not publicly commented on Brazil39;s requests. All eyes are on whether China, the largest buyer of Brazilian beef, will renew its beef quota system for 2027 by yearend. Brazil39;s total beef export volumes are expected to drop 10 in 2026 on the... https://www.gurutrade.com/news/china-adds-55-tariff-to-brazil-beef-as-imports-hit-quota-1790765383.html Wed, 30 Sep 2026 07:30:18 +0300 https://www.gurutrade.com/news/eib-and-bnp-paribas-sign-eu700-million-grid-guarantee-deal-1790754250.html Sept 29 Reuters The European Investment Bank and BNP Paribas have signed an agreement to mobilise 700 million in guarantees for European electricity grid manufacturers, backed by 350 million in counterguarantees from each party, BNP said on Tuesday. The deal, supported by the European Union39;s InvestEU programme, is part of a broader 1.5 billion package to develop and modernise EU energy grids. It follows a separate 1 billion wind energy guarantee portfolio signed by the two institutions in February 2025. The 700 million guarantee portfolio is expected to stimulate up to 2.8 billion of investment in the real economy The agreement will expand BNP Paribas39; capacity to finance manufacturers of electricity grid components as demand rises from the energy transition The deal is part of the EIB39;s PanEU Power Grid package, a 1.5 billion initiative to develop, modernise and strengthen EU energy grids The EIB Group invested 33 billion in energy projects worldwide in 2025, including 11.6 billion in grids and storage, EIB VicePresident Ambroise Fayolle said The grid initiative follows 6.5 billion previously made available by the EIB for wind energy Reporting by Charlotte Van Campenhout. Editing by Mark Potter Source Reuters https://www.gurutrade.com/news/eib-and-bnp-paribas-sign-eu700-million-grid-guarantee-deal-1790754250.html Tue, 29 Sep 2026 05:30:01 +0300