Global markets, today.
The stories worth research and the dated events still to come, as the day’s reports told them, written twice a day. 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.
Global markets notes
Stories
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
Other markets
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