SEC Proposes Expanding Cross-Trading for Registered Funds
The SEC proposed expanding cross-trading for registered funds, including most fixed-income securities, with updated pricing, oversight and reporting safeguards.
Fed Minutes Show Most Officials Expect Another Rate Hike in 2026
Minutes from the Federal Reserve’s September meeting show most officials expect another rate increase this year, while the timing and rationale remain contested.
Strong 10-Year Treasury Auction Follows 24-Year Yield High
A $39 billion 10-year Treasury auction drew strong demand on October 7 after the benchmark yield earlier reached its highest level since 2002.
S&P 500 and Nasdaq Close at Record Highs as Treasury Yields Ease
The S&P 500 and Nasdaq finished at record highs Tuesday as Treasury yields eased and investors shifted attention toward third-quarter earnings.
U.S. Services Growth Slows as Input Prices Reach Four-Year High
The ISM services PMI eased to 54.9 in September while its prices-paid index climbed to 74.0, the highest reading since July 2022.
India IT Stocks Rise After Accenture Outlook Eases AI Fears
India’s technology shares rose after Accenture projected stronger-than-expected annual revenue growth, although the Nifty IT index gave back most of its early advance.
Oil Slips as G7 Reserve Release and Middle East Exports Add Supply
Oil prices edged lower as the G7 began a 100-million-barrel reserve release and Middle East exports recovered, though shipping attacks kept supply risks elevated.
OPEC+ Holds November Oil-Production Targets Steady
Seven OPEC+ members will keep November production requirements at September levels as actual output remains constrained and attention shifts to 2027 quotas.
Iran Says Strait of Hormuz Will Stay Closed Until Seven Conditions Are Met
Iran’s parliament speaker says the Strait of Hormuz will not reopen until seven conditions tied to a June agreement are satisfied, as Qatar continues mediation.
G7 Orders 100 Million-Barrel Emergency Oil and Diesel Release
G7 leaders agreed to release 100 million barrels of oil and diesel reserves over four months, with diesel supplies front-loaded in the first 20 days.