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WTI and Brent are down about $0.70 from intraday highs, trading at $100.75/bbl and $110.89/bbl respectively. Qatar’s mediator submitted a new draft agreement to Iran on Sunday; Iran is reviewing the proposal and is expected to respond within the week

2026-10-28

WTI and Brent are down about $0.70 from intraday highs, trading at $100.75/bbl and $110.89/bbl respectively. Qatar’s mediator submitted a new draft agreement to Iran on Sunday; Iran is reviewing the proposal and is expected to respond within the week.

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2026-10-28

1. Meta's $25 billion stock offering was reportedly oversubscribed by approximately 5 times. 2. Oracle expands its chip partnership with Nvidia, bringing in suppliers such as Google and Cerebras. 3. KPMG survey: Global CEOs' confidence in the econo

1. Meta's $25 billion stock offering was reportedly oversubscribed by approximately 5 times. 2. Oracle expands its chip partnership with Nvidia, bringing in suppliers such as Google and Cerebras. 3. KPMG survey: Global CEOs' confidence in the economic outlook hit a five-year low, but their willingness to invest in AI remains strong. 4. SK Hynix's Q3 operating profit hit a record high, predicting that the memory shortage will continue until 2030, with full-year shareholder returns of approximately 100 trillion won. 5. AI is driving up costs for components such as memory; reports indicate that major PC manufacturers like HP will shift some production back to China. 6. Google DeepMind released Genie 4: text generation can explore virtual worlds and supports real-time scene changes. 7. Huawei incorporated Tao's principles into base station design, releasing a new generation of mobile communication network products and solutions. 8. OpenAI reportedly plans to purchase Google AI chips to reduce its reliance on Nvidia. 9. Shanghai's Action Plan for Accelerating the Development of Next-Generation Intelligent Manufacturing was issued, aiming to deploy 8,000 humanoid robots in factories. 10. Trump stated that he will "officially ban" the term "AI" in relevant documents. 11. Reports indicate that Baidu will disclose progress in its world model development, potentially for initial use in autonomous driving.
2026-10-28

The pound fell to a 12-day low against the dollar (GBP/USD) at 1.3270. The euro fell to a 17-month low against the dollar (EUR/USD) at 1.1111.

The pound fell to a 12-day low against the dollar (GBP/USD) at 1.3270. The euro fell to a 17-month low against the dollar (EUR/USD) at 1.1111.
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