The Baltic Dry Index rose 104 points (3.93%) to 2,694 on Wednesday, recovering from a more-than-two-week low as stronger demand for Capesize and Panamax vessels lifted freight. The Capesize index jumped 276 points (7.22%) to 4,097; Capesize average daily earnings increased $2,511 to $33,659. The Panamax index rose 28 points (1.50%) to 1,894, ending a 15-session slide and marking about a one-week high; Panamax daily earnings rose $258 to $17,049. The Supramax index fell 11 points (0.6%) to 1,835,

European equities rose, led by banks, after a decisive Democratic midterm showing reduced some market uncertainty and bond yields fell. The Stoxx Europe 600 banks index jumped as much as 4.5%, poised for its biggest single-day gain since May. Wednesday’s rally reverses a sharp pre-election selloff: earlier US and European yield spikes had stoked credit-quality and default concerns and the sector had pulled back after hitting record highs in early September. The banks sector remains up about 11% year-to-date. Berenberg head of multi-asset strategy and research Ulrich Urbahn said: "Despite strong fundamentals, banks' risk exposure ahead of the midterms had clearly fallen. With uncertainty easing, the market is now seeing a strong risk-relief rebound. It's a classic 'sell the rumor, buy the fact' trade."

AMD (AMD.O) CEO expects data-center revenue growth to accelerate in Q4 and full-year data-center revenue to more than double versus 2025.