US producer prices rose more than expected year-over-year in September
US producer prices rose more than expected year-over-year in September. Year-over-year, producer prices rose 6.3 percent (+5.6 revised from +5.4), compared with the LSEG analyst consensus, which expected an increase of 5.3 percent. US, %September, 2026ConsensusAugust, 2026RevisedProducer prices, YoY6.35.35.45.6Core PPI, YoY5.04.44.64.8Consensus data from LSEG
Philadelpha Fed index 20.9 in October, expected 28.4
Philadelpha Fed index 20.9 in October, expected 28.4
New York Empire manufacturing index 25.50 in October, expected 10.25
New York Empire manufacturing index 25.50 in October, expected 10.25
New jobless claims in the US +199,000 in week 41, expected +200,000
New jobless claims in the US +199,000 in week 41, expected +200,000
HSBC sees continued potential in AI stocks
HSBC believes global equities can continue to demonstrate resilience despite rising bond yields. The S&P 500 index’s forward P/E ratio has fallen 16.5 percent since the end of 2025. The bank expects a further 50-basis-point rise in the US 10-year yield to pressure valuations by 4.3 percent. At the same time, the earnings season is […]
Inderes downgrades Spotify to Accumulate after share-price gains
Inderes downgrades its recommendation for the music streaming service Spotify to Accumulate from Buy following the recent share-price gains. The price target is simultaneously raised to USD 580 from USD 570. The research firm has lowered its long-term growth assumptions, primarily for user growth and advertising. Ahead of the report on October 23, revenue is […]
Bytedance forms new AI safety team and recruits globally
Chinese technology giant Bytedance, which is behind the popular Tiktok app, among other things, has formed a new AI safety team within the Seed research unit and launched a global recruitment drive for ten researchers. Reuters reports this. The team will work to ensure that advanced AI models comply with human objectives and safety requirements. […]
India to introduce mandatory name-based caller ID from November
From 1 November, Indian telecom operators must display the name of the person calling, even if the number is not saved in the recipient’s phone. The requirement applies to all mobile operators and will be introduced automatically for users. Indian media report this, citing a regulatory decision dated 13 October. The service, Calling Name Presentation […]
BofA repeats Buy rating on Kongsberg – sees strong order intake
Bank of America repeats its Buy rating on Norwegian defense group Kongsberg Gruppen with a price target of 400 Norwegian kroner. Ahead of the third-quarter report, the bank expects order intake of 19.5 billion Norwegian kroner, around 60 percent above consensus. At the same time, the EBIT margin is expected to be lower than market […]
Italy wants to raise nearly 11 billion euros from the financial sector
Italy’s government plans to raise an additional 10.7 billion euros from the financial sector over the 2027-2029 period to finance the state budget. Reuters reports this, citing a budget document sent to the EU. Just over 5 billion euros is expected to be raised in 2027. The proceeds will come on top of the 12 […]
