π¨ A recent survey on Polymarket reveals that 74% of participants believe the U.S. government shutdown will persist until at least the end of October. As concerns grow over the ongoing impasse, many are closely monitoring the situation for potential developments. For more insights, visit Polymarket.
π·π«π· Wine production in France is expected to fall to its lowest level since 1995 due to wildfires, according to analysts from the French Ministry of Agriculture's statistical agency.
π The European Union is preparing sanctions against banks from Russia, Belarus, and Central Asia due to their operations with the ruble-backed stablecoin A7A5, according to Bloomberg. These measures aim to address concerns over financial activities linked to this digital currency.
π’πΊπΈ The U.S. Department of Energy has raised its oil production forecast for 2026 to 13.51 million barrels per day.
π’ The U.S. Department of Energy has raised its forecast for the average price of Brent crude oil in 2025 to $68.64 per barrel, up from the previous estimate of $67.80.
π’ The U.S. Energy Information Administration has raised its global oil demand forecast for 2025 to 104 million barrels per day, up from the previous estimate of 103.8 million barrels per day. The demand is expected to reach 105.1 million barrels per day by 2026.
πΊπΈπ¨π¦ Former President Donald Trump hosted Canadian Prime Minister Mark Carney at the White House. This meeting highlights ongoing diplomatic relations between the two nations. Both leaders discussed key issues affecting the U.S.-Canada partnership, aiming to strengthen ties and address mutual concerns. Further details on the discussions and outcomes are expected to be released soon.
π CleanCore Solutions has announced the acquisition of 710 million DOGE tokens for its balance. The recent market update shows a decrease of 5% in the ZONE.
π Deutsche Bank predicts that by 2030, Bitcoin (BTC) will become a reserve asset for global central banks, comparable to gold.
π’π¨π³ China's oil stockpiling pace remains a key uncertainty for price forecasts, according to the U.S. Department of Energy. China plans to launch 11 new oil reserve storage sites in 2025 and 2026. This move is part of Beijing's intensified efforts to bolster its strategic oil reserves to ensure stable supply, as reported by RTRS.
πΊπΈπ¨π³ Trump expressed hope to meet with Xi at the ASEAN summit. The summit is scheduled to take place from October 26 to 28.
ππ¦πΊ Gold could surpass LNG and become Australia's second most profitable export after iron ore, according to a report from the Australian Department of Industry.
Alpha
π Today, TESLA will host the "10/7" event. Analysts anticipate the unveiling of a new, more affordable model.
π Tesla has unveiled an updated, more affordable Model Y, with a starting price of $37,000. For more details, visit Tesla's website.
β οΈπΊπΈ TSLA shares fell by 2% following the presentation of the updated, more affordable Model Y, which features specifications akin to the 2022 Lada Kalina, immediately after the sanctions.
β οΈπΊπΈ Tesla shares fell by 3% as the company announced a price reduction for its vehicles in the United States. This move comes amidst increasing competition in the electric vehicle market. For more details, visit Tesla's website.
β οΈπΊπΈ GM shares fell by 2%, while Stellantis saw a 1% increase. The U.S. Department of Energy is contemplating the withdrawal of approximately $1.1 billion in grants allocated to GM and Stellantis for the retooling of automotive plants.
πΊπΈ A new report from Morningstar reveals the performance of US stocks 100 days and one year after government shutdowns. The analysis highlights historical trends and market reactions during these periods, offering valuable insights for investors navigating potential uncertainties. For more details, visit here.
π Businesses under the MTS umbrella will adopt independent brands as part of a major rebranding initiative, according to MTS Ecosystem President Rovshan Aliyev in an interview with Kommersant. The only exception will be MTS Bank, which will retain its connection to the telecom company. Additionally, MTS AdTech and MTS Urent are expected to be technically prepared for an IPO by the end of the year.