Live Forex News
Real-time financial news from around the world.
Published Monday – Friday, 24 hours a day.
New Zealand
New Zealand Stocks Track Wall Street Lower
The NZX 50 lost 69 points, or 0.5%, to 13,691 in Thursday morning deals, after a slight gain in the previous session, tracking a decline on Wall Street overnight as faster-than-expected inflation data raised expectations of Fed rate hikes. Rising oil prices pressured sentiment amid concerns over inflation and the RBNZ's tightening monetary policy, after the central bank hiked interest rates in July and September. Caution also prevailed ahead of the release of New Zealand's food inflation and business PMI data on Friday. All sectors traded in the red, led by financials, energy, technology, and communication services. Among the biggest losers were South Port New Zealand (-2.5%), Infratil (-2.0%), Chorus (-1.2%), Port of Tauranga (-1.0%), Channel Infrastructure (-0.9%), Fisher & Paykel (-0.8%), Hallenstein Glasson (-0.8%), Freightways Group (-0.7%), and Meridian Energy (-0.7%).
Crypto Updates: Ether Drops by 3.49%
Top crypto losers are Ether (-3.49%), XRP (-2.61%) and Bitcoin (-2.06%).
Agricultural Commodities Updates: Oat Falls by 4.33%
Top commodity losers are Oat (-4.33%), Lumber (-2.47%) and Rubber (-2.22%). Gains are led by Coffee (1.37%) and Wheat (0.60%).
Metals Commodities Updates: Silver Tumbles by 5.96%
Top commodity losers are Silver (-5.96%), Platinum (-3.92%), Lithium Carbonate (-3.05%) and Gold (-1.33%).
Energy Commodities Updates: Propane Rises by 2.36%
Top commodity gainers are Propane (2.36%), Crude Oil (0.91%) and Brent Oil (0.18%). Biggest losers are Methanol (-2.34%) and Ethanol (-0.98%).
FX Updates: Mexican Peso Drops by 0.67%
Top currency losers are Mexican Peso (-0.67%), Swedish Krona (-0.54%), British Pound (-0.46%) and Euro (-0.37%). Gains are led by Dollar Index (0.33%). Meanwhile Japanese Yen was little changed.
United States
US Crude Inventories Post Largest Draw Since January
US crude oil inventories fell by 11.12 million barrels in the week ending October 9th, far exceeding expectations for a 1.9 million-barrel increase and marking the largest draw since late January. In the previous week, crude stocks fell by 2.09 million barrels. Meanwhile, Cushing inventories rose by 1.82 million barrels, following an increase of 866,000 barrels in the prior week. Gasoline inventories increased by 1.1 million barrels in the week ending October 7th, while distillate stocks fell by 1.5 million barrels. US crude oil production rose to 13.98 million barrels per day in the week ending October 2nd, up from 13.95 million bpd a week earlier.
Brazil
Ibovespa Slips Amid Weak Economic Data
The Ibovespa edged down 0.2% to close at 206,506 on Wednesday in a volatile session amid weak economic data and an unfavorable external backdrop. Services activity contracted 0.1% in August, missing expectations for a 0.5% increase. Brazil’s Industrial Business Confidence Index rose 1.3 points to 46.2 in October but remained below the 50-point threshold, marking 22 consecutive months of pessimism. Oil prices extended their gains, stoking concerns over energy-driven inflation, while hotter-than-expected US CPI data pressured lenders amid increasing bets of a the Federal Reserve’s rate hike. Major banks declined, with Itaú down 1.4% and Bradesco losing 2.5%. Other financial stocks also fell, with B3 shedding 1.9% and Itaúsa losing 1.6%. Miners extended their losses, with Vale down 0.7% as Chinese iron ore prices continued to decline. In contrast, Petrobras rose 2.2% as oil prices resumed their climb. Investors awaited a new presidential runoff poll after the market close.
Canada
TSX Falls as Banks and Miners Slide
The S&P/TSX Composite Index fell 1.1% to close at 35,584 on Wednesday, weighed down by losses in the banking and mining sectors. Oil prices extended their gains, stoking concerns over energy-driven inflation, while hotter-than-expected US CPI data pressured lenders amid increasing bets of a the Federal Reserve’s rate hike. Major banks declined, with BMO and National Bank both shedding 0.9%. Miners extended their losses as gold and silver prices continued to fall, with Agnico Eagle down 4.6%, Barrick losing 4% and WPM shedding 4.8%. In technology, Celestica plunged 9.2% as US chipmakers posted sharp losses, while Shopify fell 2.2%. In contrast, energy producers mostly advanced as oil prices resumed their climb, with Suncor up 1% and Imperial Oil adding 0.6%. Retailers also gained, with ATD rising 2.9% and Loblaw advancing 2.8%.
Oil Rises to $95 Amid Renewed Middle East Attacks
Crude oil rose to around $95 a barrel on Wednesday amid renewed attacks across the Middle East and the IEA’s latest assessment of the oil market. The agency’s October Oil Market Report warned that constraints in diesel markets could persist well into 2027, with fresh attacks on Saudi Arabia threatening to derail a recovery in global oil supply. Fighting between Saudi Arabia and the Iran-backed Houthis continued to escalate, with Saudi Arabia’s Ministry of Energy reporting an overnight attack on an administrative building belonging to oil giant Saudi Aramco. The incident followed a series of Houthi attacks on Riyadh over the past week. A Saudi-led coalition reportedly struck Houthi energy terminals and fuel reserves in Yemen. Meanwhile, tensions between the US and Iran remained elevated. US Central Command rejected claims by the commander of Iran’s IRGC Navy that the Strait of Hormuz was under Iranian control and that any approaching US Navy warships would be “sunk.”
United States
US Stocks Dip Amid Hot Inflation and Chipmaker Weakness
US stock indices closed lower on Wednesday amid hotter-than-expected inflation data and continued volatility in the AI infrastructure sector. The S&P 500 fell 1.1%, the Nasdaq slipped 2%, and the Dow shed 49 points. Chipmakers extended this week’s losses after ASML said it could not keep pace with demand for semiconductor fabrication equipment, while Chinese competitors introduced improved products approaching the capabilities of US and South Korean firms. Meanwhile, headline and core inflation readings reinforced expectations that the Federal Reserve could deliver another rate hike this year. Nvidia lost 3.2%, Broadcom fell 3.1%, Micron declined 4.1% and AMD tumbled 5.7%. Among financial stocks, Bank of America fell 4.8% after both equity and fixed-income trading revenues missed estimates. Morgan Stanley closed 2.7% lower despite beating forecasts for equity-trading revenue, while BlackRock added 0.7% after stronger asset-management inflows boosted fee revenue.
United States
Broadcom Shares Hit 4-week Low
Broadcom shares decreased to 343.18 USD, the lowest since September 2026. Over the past 4 weeks, Broadcom Inc gained 1.2%, and in the last 12 months, it decreased 2.27%.
Crypto Updates: Ether Depreciates by 2.86%
Top crypto losers are Ether (-2.86%), XRP (-2.84%) and Bitcoin (-1.87%).
Agricultural Commodities Updates: Oat Drops by 4.42%
Top commodity losers are Oat (-4.42%), Rubber (-2.22%) and Sugar (-1.09%). Gains are led by Coffee (1.38%) and Wheat (0.64%).
Metals Commodities Updates: Silver Slumps by 5.92%
Top commodity losers are Silver (-5.92%), Platinum (-3.45%), Lithium Carbonate (-3.05%) and Gold (-1.67%).
Energy Commodities Updates: Natural gas Falls by 2.55%
Top commodity losers are Natural gas (-2.55%) and Methanol (-2.34%). Gains are led by Crude Oil (1.43%) and Brent Oil (0.62%).
United States
Boeing Shares Hit 46-week Low
Boeing shares decreased to 183.96 USD, the lowest since November 2025. Over the past 4 weeks, Boeing lost 12.2%, and in the last 12 months, it decreased 13.97%.
United States
Goldman Sachs Shares Hit 26-week Low
Goldman Sachs shares decreased to 868.38 USD, the lowest since April 2026. Over the past 4 weeks, Goldman Sachs lost 10.99%, and in the last 12 months, it increased 13.21%.
United States
Oracle Shares Hit 10-week Low
Oracle shares decreased to 131.54 USD, the lowest since August 2026. Over the past 4 weeks, Oracle lost 6.15%, and in the last 12 months, it decreased 56.62%.
Euro Area
European Stocks Close Higher
European equities closed higher on Wednesday, resisting sharp losses in North American equity markets amid positive corporate developments for local corporate giants. The Euro STOXX 50 added 0.5% to 6,195 and the STOXX Europe 600 advanced 0.5% to 638.0. ASML rose by 1.2% after it beat earnings and revenue expectations and issued a strong sales forecast for the fourth quarter. The Eurozone's largest company also said that AI-driven demand for its chipmaking equipment was so strong that it would be unable to fully meet customer demand in 2027 or 2028, adding that it was exploring ways to expand capacity. The move contrasted sharply with a pessimistic session for global AI infrastructure stocks amid the outlook of higher rates and improved offerings from Chinese competitors. Infineon dropped 1.2% and Siemens Energy sank 5.5%. Meanwhile, hot inflation from the US added bets of a Fed rate hike this year, pressuring banks. BNP Paribas, Intesa Sanpaolo, and Deutsche bank fell close to 1%.
Live Forex News are published 24 hours a day from Monday to Friday and provide fast financial updates from around the world. The news is delivered in near real time so you can easily follow the most important developments in the Forex and stock markets.