Oil & Gas
Brent climbs above $116 on fears of renewed US strikes on Iran
Oil posted a third straight weekly gain as President Trump said the US 'may do it a little bit further' and Houthi attacks on Saudi Arabia raised supply worries.
ES
Newsroom
ECONOMOS Staff
Reporting and analysis by the ECONOMOS newsroom.
- Europe
France's borrowing costs hit 2002 high as unrest and budget doubts collide
Moody's held France's rating at Aa3, but the yield on ten-year French debt has climbed above 5 per cent and the premium over Germany is the widest in 15 years.
- Gulf EconomiesAnalysis
IMF expects Gulf economies to shrink 4.8% this year before a sharp rebound
Kuwait, Qatar and Bahrain face the deepest contractions as the Hormuz disruption cuts oil and gas output, while Oman is the only GCC state forecast to grow.
- Global Markets
Fed, ECB and Bank of Japan decisions headline a crowded week for markets
Investors expect the Federal Reserve to hold rates on Wednesday after September's increase, with US growth data, inflation figures and Big Tech earnings due in the same week.
- Big Tech
Meta's AI bill turns free cash flow negative and rattles investors
Revenue beat forecasts, but higher capital spending guidance and a $2.1bn cash outflow in the third quarter sent the shares down about 7 per cent.
- Saudi Arabia
Houthi attacks on Saudi energy sites and airports prompt US staff withdrawal
Washington ordered non-essential diplomats out of Saudi Arabia after strikes on Dammam airport and the Shaybah oilfield, as Aramco told staff to leave its Dhahran headquarters.
- EquitiesAnalysis
Big Tech earnings put AI spending to the test after Meta sell-off
Alphabet, Microsoft and Amazon report this week as investors question whether record capital spending is turning into cash, a week after Meta's shares fell about 7 per cent.
- Economic Indicators
UK retail sales fall 0.4% in September as warm weather hits clothing
Shoppers held back on autumn and winter ranges, the ONS said, although sales volumes still rose 0.7 per cent across the third quarter.
