Financial News and Latest Market Stories

US Treasury immediately issues temporary general license allowing Russian diesel supplies to reach the global market US Treasury: Office of Foreign Assets Control (OFAC) is immediately issuing a temporary general license to allow the supply of Russian diesel to the global market.

I have just concluded a highly successful discussion with President Vladimir Putin, of Russia, wherein it was agreed that Russia will immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace, another 500,000 Tons during the month of November, and 1,000,000 Tons immediately thereafter. Additionally, based on the condition of their Diesel Refineries, Russia will then deliver, within a short period of time, 3,000,000 Tons of Diesel Fuel. Between our TOTAL CONTROL of the Strait of Hormuz, and this great announcement on Russian Energy, Diesel Prices for Americans and, indeed, the World, will be COMING DOWN, IN RECORD NUMBERS, AND FAST! Lower prices for Americans, especially our Great Farmers, Ranchers, and Truckers, is my Greatest Priority. This is a very big and important announcement. Additionally, it must be understood, that Iran will not have a Nuclear Weapon! Thank you for your attention to this matter.� President DONALD J. TRUMP Nodewire Alert Trump: Russia To Deliver 3 Mln Metric Tons Diesel Soon. *trump Says Putin Agreed To Release Diesel Into Global Market

Trump pressures Mexico for energy deals in crunch trade talks - FT https://t.co/ibu7J36pcm

Good afternoon, and thank you Kathryn. While I remain deeply saddened by the tragic loss of John Leahy, I am honored to be here today, with all of you, to celebrate John’s life and his many, many contributions – to our lives, to economics, and to the field of monetary policy. And it is always gratifying to be back at the Ford School, and the University of ...

Iran's Irgc To Use Drones, Missiles To Guard Hormuz: Irib

Yemen's Houthis Say They Attacked Riyadh's King Khalid Airport With Two Missiles

Hurricane Isaias forced offshore oil and natural gas producers in the Gulf of America to halt a sizable amount of production as the Atlantic's first hurricane of the season churned toward the coast, with potential landfall impacts across portions of Louisiana, Mississippi, Alabama, and the Florida Panhandle. Isaias had sustained winds of 75 miles per hour ...

Military actions in the Middle East and concerns about Hurricane Isaias are driving oil prices higher by 5% at the US open, weighing on risk appetite despite patient FOMC minutes and solid jobless claims data. FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at today’s ...

Working gas in storage across the United States stood at 3,500 billion cubic feet in the week ending October 2, a report released by the Energy Information Administration (EIA) showed on Thursday. The reading marks a net increase of 85 billion cubic feet compared to the previous week. In comparison to the same period in 2025, gas stocks fell by 130 billion ...

Overnight we saw the first real leak of the plans that UK Chancellor John Healey has for his Budget later this month. FT Exclusive: Higher borrowing costs and rising inflation are likely to have slashed chancellor John Healey’s headroom in half, according to FT estimates, forcing him to lean on Budget tax rises and spending cuts to ease living costs…..Iran ...

Wholesale inventories in the United States increased by 0.5% in August compared to the revised July reading, reaching $964.2 billion, the Census Bureau said in its report published on Thursday. Year-over-year, the figure was up by 6.4%. Sales of merchant wholesalers, adjusted for seasonal variations and trading-day differences but not for price changes, ...

President Donald Trump disclosed more than 500 securities transactions in August, including a purchase of up to $25 million in Meta stock and an investment of as much as $5 million in SpaceX debt two days before he signed a sweeping policy aimed at expanding U.S. commercial space transportation, according to a newly released financial disclosure. The 517 ...

France's massive budget deficit pushed borrowing costs up to multidecade highs - and it turns out the moves were even more historic than that. The French budget deficit is set to reach 5.4% of gross domestic product this year, significantly higher than any other member of the European Union and above the bloc's 3% limit. The country has not managed to run a ...

In the week ending October 3, the advance figure for seasonally adjusted initial claims was 197,000, a decrease of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 197,000 to 199,000. The 4-week moving average was 198,000, a decrease of 2,500 from the previous week's revised average. The previous week's ...

Read the original release for the publisher’s full statement.

The financial system has so far weathered the latest period of uncertainty. But lower growth, repeated supply shocks and changing market structures mean that resilience cannot be taken for granted. The conflict in the Middle East has created major uncertainty about growth, inflation and interest rates. Existing vulnerabilities in sovereign debt markets, credit markets and asset valuations could crystallise together. The rapid expansion of financing connected with artificial intelligence has created new exposures, while incidents involving frontier AI have underlined the associated operational, cyber and financial risks. However, an important part of the story so far is economic resilience in the sense that recent supply shocks have hit the world economy at the same time as the potential growth dividends from AI have become clearer. Moreover, the story of the financial system so far has been one of resilience. Banking systems generally remain well capitalised and we are not seeing funding stress. Despite a succession of economic shocks and heightened volatility, most financial markets have continued to function without a major breakdown in liquidity or trading conditions. BoEs Bailey: Monetary Policy Needs An Unwavering Commitment To Returning Inflation To Target - We Must Strengthen The Resilience Of Core Markets - Greater Central Clearing, Appropriate Minimum Haircuts And Stronger Risk Management All Merit Consideration

Iran's Araghchi Says Messages Are Being Exchanged Via Mediators Iran's Araghchi Says Currently Reviewing Us Proposal: Tasnim Tasnim: Tehran is still reviewing U.S. views on Iran's 7 days proposal and should respond within a few days, Aragchi says

U.S. Treasury yields climbed higher on Thursday ahead of a closely watched long-dated bond auction later. The benchmark 10-year Treasury yield was 4 basis points higher at 5.322%, after reaching its highest level since 2002 on Wednesday before retreating later in the day. The 30-year Treasury bond yield rose over 4 basis points to 5.705%, after trading just ...

Ms Schnabel started her presentation with the observation that, since the Governing Council’s monetary policy meeting on 22-23 July 2026, euro area financial markets had continued to be driven by energy price developments, with market attention turning to the global rise in long-term yields amid a resilient euro area macroeconomy. Persistently high energy prices, reinforced by concerns about higher food price inflation, had pushed market expectations regarding the outlook for inflation and policy rates higher. Energy prices and futures curves had moved up owing to renewed US-Iran hostilities. In Europe, the focus had shifted from oil to refined products and gas. The price and futures curve of gas oil – a refined, diesel-type product – had moved up significantly, reflecting concerns about limited refining capacity. Similarly, European gas prices had risen to the highest level recorded since early 2023, and low European gas storage levels could put further upward pressure on gas prices. The recent heatwave in Europe and what could likely be a strong “El Ni�o” event had also added to concerns about upward pressure on prices, with international food prices rising significantly over recent months. ECB Accounts: It was particularly important to refrain from giving any guidance regarding the future interest rate path ECB Account: Risks were not all tilted in the same direction Ecb Officials: Policy Response Should Remain `proportionate'

For much of this year, “higher for longer” was a warning. Now it is a market reality. With the U.S. 10-year Treasury yield above 5.25 per cent and touching a two-decade high, borrowing costs are becoming harder for markets to ignore. Bonds also compete more directly with equities for investor capital. The implications for equity valuations are significant. ...

Ecb's Lane: You Should Believe Central Banks When They Says Inflation Will Return To Target Ecb's Lane: We Expect Upward Pressure On Food Prices In The Next Year Ecb's Lane: Core Inflation Will Rise, Especially Next Year

Pboc States No Plan To Weaken Yuan For Trade Benefits. Pboc Keeps Market As Main Influencer In Yuan Exchange Rate.

The GBP/USD pair finds itself at the bottom of the overall range that we have been in for quite a while. The British pound has fallen during the trading session against the U.S. dollar as we continue to see a lot of noisy sideways action. This is a pair that has been in a range for some time, and so far, we are looking like we are still trying to respect ...

BoEs Greene: I Do Think UK Will See Some 2nd Round Effects From Current Inflation Greene Warned Of A "material Risk" That Some Second Round Effects May Develop.

BoEs Pill: We Need To Ensure Monetary Policy Is Resolutely Focused On Inflation Pressure

Fed's Waller States Inflation Expectations Remain Stable. Fed's Waller States Ai Productivity Is Not Yet Reflected In Data, But Is Visible Anecdotally.

The dollar edged towards its strongest level in 18 months on Thursday, after minutes from the US Federal Reserve signalled policymakers viewed inflation as the biggest risk to their outlook, while higher oil prices and rising euro zone bond yields have weighed on the euro. The global bond selloff has been the dominant driver in currency markets in recent ...

SNB's Vice Chairman Martin: We don't see a need to change rates at this point.

Thank you to the Central Bank of T�rkiye for the opportunity to speak to you. I look forward today to hearing perspectives on the global economy and T�rkiye's role in it, but I thought the most constructive use I can make of the valuable time you have granted me is to offer a brief update on the U.S. economy and then offer some thoughts on central bank communication. As you know, in September the Federal Open Market Committee (FOMC) voted to raise our policy rate 25 basis points to 3.75 percent to 4 percent after nine months during which we held it steady. When monetary policy changes in this fashion, one question that most people ask is, what comes next? And I promise that I will do my best to answer that today, but first I will address another question raised by this shift in policy, which is, what changed? Was there new evidence, or did my thinking about the economy change? It turns out that the answer to this second question has a lot to do with the first one—about where policy goes from here. I have mentioned that last month's increase in the federal funds rate came after nine months of holding it steady. When I ask "What changed?" I am obviously asking what changed in the seven weeks between July 29, when the FOMC voted to hold rates steady, and September 16, when we raised them. But I am also asking about what changed from the second half of 2025, when the FOMC reduced rates 75 basis points over three successive meetings. While it might seem to some that monetary policy has turned on a dime, or on one or two data points, in my case my decision last month was the culmination of factors that developed over the past year, and I would like to describe them. When the FOMC cut rates fro Feds Waller: More Hikes Needed But Flexible About The Pace; Hikes Do Not Need To Come At Consecutive Meetings - Inflation Too High - Evidence That Economy Is Strengthening In The Second Half - Labor Market "Solid And Stable" In September

As part of our mission to maintain monetary and financial stability, we need to understand trends and developments in credit conditions. This quarterly survey of bank and building society lenders is an input to this work. The survey covers: secured and unsecured lending to households; and lending to non-financial corporations, to small businesses, and to ...

SNB's Vice Chairman Martin: Recent rise in swiss inflation due to oil products. Swiss National Bank vice chairman: Swiss franc has weakened recently but stayed stable in real terms since 2020 SNB vice chairman: inflationary pressure rises slightly since June SNBs Martin: We Have Inflation Lower And More Stable Than Other Countries - We Are Not Observing Any Second Round Inflationary Effects Which Is Extremely Reassuring

ECBs Dolenc: Risks Skewed To The Upside On Oil, Gas, Food, Strong Growth - Persistently Elevated Inflation Supports The Case For Moving Policy Rates Towards A More Restrictive Territory - More Stable Core Provides Some Reassurance That Broader Price Pressures Contained Ecb's Dolenc: Inflation Risks Skewed To The Upside On Oil, Gas, Food, Strong Growth ; More Stable Core Provides Some Reassurance That Broader Price Pressures Contained #oott

ECBs Sleijpen: Inflation Expectations Are Well Anchored Nodewire Alert Ecb's Sleijpen Does Not Expect Second-round Inflation Effects.

The U.S. labor market has experienced one of the longest stretches of low unemployment in modern history. As of mid-2026, the national unemployment rate has remained at or below 4.5% for nearly five years. Following the sharp job losses of the COVID-19 recession, unemployment fell rapidly and has stayed low across much of the country. Periods of strong ...