United States Fed Goolsbee Speech

United States 6-Month Bill Auction

United States 3-Month Bill Auction

United States Loan Officer Survey

Tin fell below $49,000 per tonne, reaching its lowest level since late April, as a sharp selloff in technology stocks weakened the outlook for demand from the semiconductor industry. Concerns intensified over the costs and financing of the investment boom following Alphabet’s earnings. Also, tin supply is expected to improve gradually as mining operations normalize in Myanmar and regulatory and export constraints ease in Indonesia. Still, limited production expansion elsewhere and a thin pipeline of new mining projects will constrain longer-term supply growth. On the demand side, consumption is expected to strengthen in 2027–28, supported by electronics and semiconductor applications.

Tin Falls to 6-Month Low

Construction spending in the US slipped by 1.9% month-over-month to a seasonally adjusted annual rate of $2,186.1 billion in September 2026, following an upwardly revised 2% advance in August. Figures contrasted with the expected 0.4% increase. Total private construction shrank by 2.4%, led by a 5.5% decline in residential activity, while spending on nonresidential structures rose by 1.1%. Meanwhile, public construction spending fell by 0.1%, reflecting a 0.1% decrease in nonresidential, partly offset by a 1.8% rise in the residental segment. Year-on-year, construction spending dropped by 2.7%.

US Construction Spending Unexpectedly Falls

The ISM Manufacturing PMI climbed to 55.5 in October 2026, up from 54.5 in September and comfortably exceeding market expectations of 54.6. The reading marked the sector’s second-fastest pace of expansion in nearly four years, driven primarily by a stronger acceleration in output growth, with the Production Index rising to 59.0 from 56.7 in the previous month. New orders also expanded at a slightly faster pace, with the corresponding index edging up to 55.5 from 55.3. Meanwhile, employment growth moderated marginally, as the Employment Index eased to 52.4 from 52.7, indicating a slight slowdown in the pace of job creation.

US Manufacturing Activity Accelerates in October

US Strategic Petroleum Reserve crude inventories fell to 282.2 million barrels in the week ending October 30th, remaining at their lowest level since October 1982. The decline forms part of a US initiative to release 172 million barrels from the reserve. During the same week, the government announced that oil companies had agreed to borrow around 40 million barrels of crude, marking the final tranche of the US contribution to a global deal aimed at curbing fuel prices following the conflict in the Middle East. Since the US-Israeli war with Iran began in late February, SPR inventories have fallen by approximately 133.2 million barrels.

Trending Symbols And Events

Most latest news, events and ideas for smart decisions

Latest News