Nikkei reports JFE Steel and India's JSW Steel will jointly build a large blast furnace in India, aiming to double capacity by 2030.

S&P Dow Jones Indices said it has revised rules for classifying stocks as growth or value, adding intangible assets, expected earnings and free cash flow to valuation assessments and removing 12‑month price momentum from growth metrics. The changes, adopted after a recent consultation, will take effect at the annual index reconstitution before market open on Dec. 21. The reclassification could force index-tracking funds to rebalance to match new constituents; analyst James Seifert estimates at least $375bn of passive assets are linked to affected indices. S&P said the move responds to long-running questions over the usefulness of traditional value measures; researchers and managers have pointed to value’s long-term underperformance and flaws in metrics such as price-to-book.

CFTC weekly positions for the week ended Oct. 20, 2026: yen net long 69,878 contracts; euro net short 134,524 contracts; sterling net short 80,420 contracts; Swiss franc net short 18,150 contracts.