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Latest values in GEA’s record, to · All indicators
1-day change, % · to
1-day change, % · to
A rise means the first currency in the pair gained (USD/JPY up: the dollar bought more yen); the US Dollar Index measures the dollar against six major currencies.
No major AI spender or supplier reported new capital spending over the weekend. Chip-heavy markets partly rebounded: the Philadelphia Semiconductor Index rose 4.21% on 6 November and Taiwan's TAIEX rose 4.94% on 9 November, while the Kospi fell 0.81%.
France's Crédit Agricole proposed on 9 November to merge Crédit Agricole Italia into Banco BPM, lifting its stake from 29.6% to about 45% and creating Italy's third-largest banking group; the proposal is friendly but not yet agreed.
Arista's revenue rose 58.5% to $3.66 billion and Foxconn's October sales rose 45.7%, yet the Nasdaq 100 fell 6.36% on 5 November and Asian chip-heavy markets fell 4.5% to 6% on 6 November on doubts about the pace of US data-centre building.
Copper averaged $14,508 a tonne in October, 35% above a year earlier, while iron ore fell 12% and gold, silver and platinum have lost ground since the start of the year. A handful of countries dominate supply of each metal, and most of the large miners' latest reports show output held back by weather and ore grades.
NOAA and the WMO say a strong-to-very strong El Niño is likely to last into early 2027, with an 83% chance of a record-strength reading in October–December. Official estimates show smaller wheat, corn and rice crops this season, but stocks-to-use ratios are not yet at crisis levels, and the Black Sea and fertiliser costs matter as much as the weather.
SoftBank Group said on 6 November that China's foreign investment security review office has prohibited the acquisition of ABB's robotics business in China, part of a US$5.375 billion deal. The two companies say they are still working on the transaction.
South Korea and Taiwan showed how big the AI-chip boom is (Korean exports of $115.3 billion, Taiwan GDP up 14.36%), yet Asian chip stocks fell on Friday on doubts about AI spending. China's PMIs fell below 50, Japan's central bank declared underlying inflation at target, and Australia heads into a likely rate rise.
France's economy shrank 0.1% in the third quarter while euro-area growth slowed to 0.4%, the ECB held at 2.50% as Christine Lagarde announced her departure, and the UK Budget was delivered without a gilt shock before an expected Bank of England hike.
Egypt's central bank raised its deposit rate 100 basis points to 20% on 29 October and Kenya's inflation rose to 7.3%, its highest since July 2023, as the war-driven oil shock reached prices across the region. Saudi Aramco's profit rose 9% while Saudi shares stayed near five-year lows.
Brazil's Ibovespa ended the week 12.8% below its level of a month earlier after Lula's election win, and the central bank held its Selic rate at 13.75%. Colombia split 4–3 to pause its hikes, Mexico's economy grew faster than expected and Canada's GDP stalled.
