Market notes
Today across the markets.
Twice a day, before India’s open and after its close, Mool reads the news of the markets its users follow and keeps what is worth research: the stories, the companies they name and the dated events still to come. Today's notes cover India, the United States, the United Kingdom, the Gulf, Singapore and global markets. Every line links to the report it came from.
Written . Mool writes the notes from the day’s reports; the sources are the publishers’ own, and nothing here is a view on a security.
Stories
CompanyReliance Industries
Reliance Industries reported September-quarter growth, driven by its oil-to-chemicals segment
Economic Times
Economy
October GST collections rose 22.9% year on year to ₹2.31 lakh crore
Economic Times
CompanyIndian Oil Corporation, Bharat Petroleum, Hindustan Petroleum
IOC, BPCL and HPCL reported combined September-quarter profit of ₹30,106 crore
Economic Times
SectorMaruti Suzuki
Passenger-vehicle wholesales rose 12.4% year on year to 528,384 units in October, with Maruti Suzuki leading growth
Business Standard
CompanyPower Grid Corporation of India
Power Grid reported an 8.41% year-on-year rise in September-quarter consolidated net profit to ₹3,866.16 crore and approved a ₹3 interim dividend
CNBC-TV18
Economy
FPIs withdrew ₹34,843 crore from Indian equities in October, then turned net buyers toward month-end
The Hindu
Economy
RBI’s net short dollar-forward position reached a record $239.2 billion at the end of September
Business Standard
Policy
SEBI is working to delist companies with no economic activity, citing their potential use in market manipulation
Moneycontrol
Economy
Retail prices of rice, sugar, mustard oil and onions were higher year on year amid low kharif yields and sluggish rabi sowing
Financial Express
Policy
SEBI proposed allowing exchange and depository subsidiaries to reinvest earnings in related data, analytics and technology businesses
BusinessLine
Policy
SEBI said it is working to simplify fundraising and reduce compliance burdens in capital markets
BusinessLine
Global
The IMF said exchange-rate flexibility should help India absorb energy shocks and retained its 7% growth projection
Economic Times
Economy
Foreign selling of Indian government securities slowed, while oil prices and global yields remained risks
Economic Times
Global
AI-spending concerns weighed on technology shares and broader markets, while geopolitical risks supported crude prices
Economic Times
IPOCarlsberg, Pernod Ricard, The Coca-Cola Company
Carlsberg, Pernod Ricard and Coca-Cola are advancing plans for potential listings of their Indian businesses
BusinessLine
Sector
India’s September-quarter earnings season has shown strong sales growth alongside pressure on operating margins
Financial Express
Ahead
Modi meets Niti Aayog leadership
PolicyEconomic Times, 31 Oct
United States
United States on its own pageStories
EconomyFederal Reserve
The Federal Reserve held its target rate range at 3.75% to 4%; two officials dissented in favor of a different decision
CNBC
CompanyMeta, Google
Meta’s advertising revenue grew 26% in its latest quarter, compared with 12% growth in Google search revenue; the article links the gap to AI-driven changes
CNBC
CompanyMeta
Meta’s negative free cash flow raised its credit spreads and bond yields, while an announced equity offering helped calm investor concerns
CNBC
GlobalOPEC+
OPEC+ kept December oil production targets unchanged amid export disruptions linked to the Iran war
CNBC
DealPerion, Affle
Perion agreed to merge with Affle in a deal valuing Perion at $11.70 per share, a 34.5% premium to its October 30 close
Financial Times
SectorExxonMobil, Chevron, Shell, BP, TotalEnergies
ExxonMobil, Chevron, Shell, BP and TotalEnergies reported sharply higher refining or downstream earnings
CNBC
SectorS&P 500 companies
Third-quarter earnings reported by about 40% of S&P 500 companies were ahead of already high expectations
MarketWatch
PolicyU.S. farmers
The administration announced $15 billion in initiatives for farmers, including measures intended to offset higher diesel and fertilizer costs
AP
Economy
China’s factory activity contracted in October as new export orders weakened
AP
SectorSantander, Novartis, Standard Chartered
Santander, Novartis and Standard Chartered said AI was beginning to contribute to revenue, costs or profitability
CNBC
Global
Qatari mediators held talks with Iranian officials seeking to restart direct U.S.-Iran negotiations
CNBC
Global
G20 foreign ministers ended their Atlanta meeting without consensus on several global security issues
CNBC
Policy
The Fed chair said the central bank would issue seven rate decisions in 2027 and six in 2028 under a revised meeting schedule
Bloomberg
IPO
Anthropic released an IPO prospectus as concerns about AI spending and financing costs grew after major technology companies’ results
CNBC
Ahead
Amgen Q3 results
Company, AmgenFinancial Times, 28 Oct
New York Times Q3 results
Company, The New York Times CompanyFinancial Times, 4 Nov
United Kingdom
United Kingdom on its own pageStories
CompanyNatWest
NatWest reported a muted third-quarter update, and its shares fell
City AM
CompanyLloyds
Lloyds reported higher income from high interest rates in its third-quarter update, while its shares fell
City AM
Company
Virgin Media O2 is preparing job cuts as it seeks to reduce costs and address its debt; one report puts the potential cuts at 4,000
The Telegraph
Company
Poundland has filed an intention to appoint administrators; ministers say they are concerned, while its founder warned of up to 30,000 related job losses
The Telegraph
Policy
The Budget introduced a windfall tax of at least 55% on profits from power sales for more than 3,000 renewable projects over the next decade
The Telegraph
Policy
The government reversed its planned cash ISA allowance cut, leaving the annual allowance at £20,000 for savers under 65 from next April
Financial Times
CompanyNational Grid
National Grid has moved towards building the UK's largest electricity substation on Teesside, which could supply a neighbouring datacentre
The Guardian
Policy
The Budget introduced a category to ringfence spending on preventive policies where future savings could outweigh initial costs
The Guardian
Policy
Chancellor John Healey said younger workers might not receive the same minimum wage as other workers before the next election, despite Labour's pledge to remove age bands
BBC
Policy
The government announced a £100 household energy payment and a future plan concerning gas standing charges
BBC
CompanySt James's Place
St James's Place reported lower inflows while funds under management reached a record high
City AM
CompanyLinde
Linde reported its third-quarter 2026 results
Financial Times
Global
Big Tech shares came under pressure amid concerns about AI spending and disappointing earnings
Bloomberg
Global
A US-China trade truce has cooled the trade conflict, but the article says the underlying tensions remain unresolved
The Guardian
Ahead
Ørsted Q3 results
Company, ØrstedFinancial Times, 29 Oct
UK business insights release
EconomyONS, 5 Nov
Occidental Q3 results
Company, OccidentalFinancial Times, 9 Nov
Paysafe Q3 results
Company, PaysafeFinancial Times, 29 Oct
The Gulf
The Gulf on its own pageStories
DealAramco
Aramco closed a $2.6 billion deal for a 49% stake in Humain, whose infrastructure it plans to use for industrial AI applications
Arab News
Global
OPEC+ kept December production targets unchanged as conflict disrupted oil flows and Brent traded above $117 a barrel
The National
Policy
The Fed held its benchmark rate at 3.75% to 4%; GCC central banks also held rates, with the UAE maintaining its benchmark
Arab News
CompanyBorouge
Borouge reported a 63% year-on-year profit decline and lower production and sales volumes, while sales rose quarter on quarter and it expects a stronger Q4
AGBI
Economy
Saudi Arabia’s non-oil activities grew 1.9% year on year in Q3 2026, while the overall economy contracted 3.8%
Arab News
Economy
S&P forecast Qatar’s economy to contract 14% in 2026 and rebound 15% in 2027; damage to two LNG trains removed 12.8 million tonnes of annual capacity
The National
Economy
Fitch affirmed Abu Dhabi’s AA foreign-currency issuer rating with a stable outlook, citing strong fiscal metrics and high GDP per capita
Gulf News
Sector
UAE banks reported Q3 profit growth, supported by lending and lower credit losses, while funding costs rose and deposit growth lagged
Gulf News
Policy
Saudi Arabia’s CMA proposed giving shareholders with at least 5% of voting shares the right to request in-person assemblies and requiring recovery plans from loss-making companies
Arab News
Sector
Middle East fertiliser exports fell 70% to 75% as conflict and the Strait of Hormuz closure disrupted supplies of sulphur, nitrogen and phosphate
The National
CompanyGO Telecom
Saudi Arabia’s GO Telecom awarded a 185.9 million riyal contract to 3T for infrastructure at a cloud AI data centre
Zawya
DealDEWA
DEWA’s international arm signed an agreement with Shanghai Electric to explore energy and water investments in global markets
The National
DealArada
Arada completed a $400 million five-year sukuk, priced at an 8.875% coupon, with orders exceeding $700 million
Zawya
DealSharjah Islamic Bank
Sharjah Islamic Bank listed a $500 million five-year sukuk that attracted a $1.3 billion order book
Zawya
Economy
The UAE completed its October dirham-denominated Treasury sukuk and bond auction, receiving bids worth Dh4.54 billion
Khaleej Times
Policy
UAE petrol prices are set to fall in November, the first decline after three months of increases
The National
Dealstc Bahrain
stc Bahrain signed a $140 million financing facility with BNP Paribas to support its digital expansion
Zawya
Policy
Oman amended Shura Council rules to tighten attendance requirements and expand budget oversight
Gulf News
Global
A UN official said the Iran war and Hormuz standoff had cut Middle East GDP by 7% annually, with millions falling into poverty or unemployment
The National
Sector
Dubai Financial Market added more than 55,000 investors in the first nine months of 2026, nearly three-quarters of them from overseas
Khaleej Times
Ahead
Occidental Q3 results
Company, Occidental PetroleumFinancial Times, 9 Nov
Singapore
Singapore on its own pageStories
CompanyGreat Eastern
Great Eastern’s third-quarter net profit fell 72% on weaker valuations and a divestment loss; it expects a challenging near-to-medium-term investment outlook
The Business Times
Policy
MAS said banks should assess and monitor material environmental risks, while five Singapore-registered firms agreed to cooperate with haze assessors
MAS
CompanyWilmar International
Wilmar said sales to six firms issued notices under Singapore’s haze law totalled 371.3 billion rupiah, and it had no operational relationship with them
The Business Times
IPO
Temasek-owned Mapletree Investments is preparing for a potential SGX IPO in 2027, according to sources and reports from a results briefing
The Business Times
Global
The Mercosur-Singapore free trade agreement entered into force, removing import tariffs on 96% of products for up to 15 years
The Business Times
CompanyUOL, CapitaLand Development
Thomson Reserve sold 1,143 of 1,268 units at an average S$2,900 psf over its launch weekend
The Business Times
CompanyMetrocon Holdings
Metrocon Holdings chairman Alvin Lim resigned after being charged with operating a workers’ dormitory without a licence
The Edge Singapore
CompanyJapan Foods
Japan Foods returned to profit after closing nearly a third of its Singapore outlets and shifting focus to halal dining and affordable meals
The Business Times
Economy
Singapore’s Q3 retrenchments reached a near six-year high despite job growth, according to a report discussed by UOB economist Lee Sue Ann
CNA
Sector
One in five Q3 resale transactions in Singapore’s Core Central Region was loss-making; the islandwide share rose to 4.6%
The Business Times
Economy
China’s official manufacturing PMI fell to 49.3 in October from 50.1 in September, indicating a return to contraction
The Business Times
Global
OPEC+ kept its December oil production targets unchanged
CNA
Global
The Bank of Japan held interest rates, while the yen gained against the US dollar
The Business Times
Global
The Federal Reserve held its policy rate at 3.75% to 4% on Oct 28
The Business Times
Global
China’s large banks reported their fastest quarterly profit growth in years as margins stabilised
The Straits Times
Company
SP Group aims to triple its China district-cooling capacity within five years
The Business Times
Global
China announced a 1.25% rate for overnight reverse-repurchase operations and said it would begin conducting them daily from Monday
The Business Times
Global
Asian shares declined amid concerns about the scale and sustainability of AI investment; technology leadership in US markets also faced scrutiny
CNA
Ahead
UOB Q3 results
Company, UOBThe Business Times, 2 Nov
DBS Q3 results
Company, DBSThe Business Times, 2 Nov
Global markets
Global markets on its own pageStories
EconomyFederal Reserve
The Federal Reserve held interest rates steady; its chair signaled future policy would depend in part on upcoming inflation data
CNBC
EconomyBank of Japan
The Bank of Japan held its policy rate at 1.25% and raised its 2027 inflation outlook, while signaling a more hawkish policy stance
Nikkei Asia
EconomyEuropean Central Bank
The European Central Bank left interest rates unchanged
CNBC
Global
OPEC+ kept December oil production targets unchanged, leaving a tougher decision on 2027 output ahead
CNBC
Economy
South Korea’s exports nearly doubled in October as strong AI-related demand boosted chip shipments
Nikkei Asia
Economy
China’s factory activity weakened as new export orders declined
AP
CompanyMeta Platforms, Alphabet
Meta’s advertising revenue rose 26%, while Google Search revenue grew 12%; the article linked the gap partly to AI-driven changes in advertising and search
CNBC
Sector
Disappointing Big Tech earnings intensified concerns that heavy AI investment may not generate sufficient returns, weighing on technology shares
Bloomberg
IPO
Anthropic’s IPO prospectus disclosed a first-half net loss and substantial shareholdings by its CEO and six co-founders
CNBC
DealPerion, Affle
Perion agreed to merge with Affle in a $11.70-per-share deal, a 34.5% premium to Perion’s October 30 closing price
Financial Times
DealBMO Financial Group
BMO completed its acquisition of Euroz Hartleys’ capital-markets business, expanding its metals and mining franchise
Financial Times
IPO
Big Caring Group launched an IPO that could value the Malaysian pharmacy chain at about $2 billion, ahead of a planned November 19 listing
Nikkei Asia
IPO
OPay announced pricing of an IPO of 16 million American depositary shares
Financial Times
IPOJio Platforms
Jio Platforms’ shares rose after its market debut at a premium of more than 25% to its IPO price, making it India’s second-most valuable company
CNBC
SectorCnergyico
Pakistan refineries reported a sharp profit increase, while the government introduced a cap on refinery margins
Nikkei Asia
CompanyShell, BP, TotalEnergies, ExxonMobil, Chevron
Shell, BP, TotalEnergies, ExxonMobil and Chevron reported sharply higher refining or downstream earnings amid refinery disruptions and tight fuel supplies
CNBC
Global
G20 foreign ministers ended talks without consensus on several security issues, with divisions over Russia’s war in Ukraine
CNBC
Policy
U.S., Australian, Indian and Japanese foreign ministers pledged work on reliable supply chains and criticized export restrictions
Nikkei Asia
Global
Iranian and Qatari mediators held a third day of talks aimed at ending the U.S.-Iran war
CNBC
Global
The International Maritime Organization chief said the Strait of Hormuz remained unsafe for commercial shipping, with vessel traffic far below pre-conflict levels
Bloomberg
Ahead
BioNTech Q3 results
Company, BioNTechFinancial Times, 3 Nov
Big Caring Group listing
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