Markets 24-Hour Briefing
×Public Markets
Last updated: November 2, 2026, 10:40 PM ET
Asia and China Markets
China's He Lifeng pledged continued support bloomberg.com for a free and open economy in Hong Kong. The offshore yuan slipped bloomberg.com for its first decline in nearly three weeks after the PBOC raised the FX reserve requirement ratio. Beijing also expanded bloomberg.com the use of stock-market support tools and trimmed its relending rate, while China's Gen Z investors joked bloomberg.com through a rout in Halloween costumes. Chinese steel groups urged bloomberg.com mills to cut output, and chemical exports ft.com are raising fresh trade-war concerns.
Oil and Energy
Oil futures wsj.com posted their biggest one-day percentage decline since July as diplomacy with Iran gained traction, and Brent bloomberg.com steadied after an almost 8% plunge. Iran said nytimes.com it could reopen the Strait of Hormuz within two days as part of a U.S. deal. Vitol's CEO sees bloomberg.com global demand falling about 3 million barrels a day in 2026. U.S. natural gas fell with crude bloomberg.com on Iran talk hopes, while Diamondback Energy raised wsj.com production targets on $1.6 billion in third-quarter profit. Petrol prices are set to reach ft.com a record high under Trump on the eve of the midterms.
Precious Metals
Gold jumped bloomberg.com the most in two months on Monday as Iran peace-deal hopes built, and edged higher wsj.com in early Asian trade. Still, gold is heading toward bloomberg.com its worst annual loss in more than a decade, with investors weighing deficit and inflation fears.
Equities and Tech
U.S. tech stocks entered a correction bloomberg.com on AI and midterm risks, and a Nasdaq slide bloomberg.com weighed on Asian open. U.S. stocks ended mixed wsj.com as AI worries offset oil relief. Apple warned ft.com that memory chip shortages will squeeze margins, with shares falling wsj.com under new CEO John Ternus. Marvell agreed to buy Lumentum ft.com in a $115 billion all-stock AI deal. Oracle is seeking bloomberg.com about $20 billion for its AI push, and Palantir posted wsj.com a profit surge as commercial revenue overtook government business. Anthropic disclosed nytimes.com $17 billion in quarterly revenue ahead of its IPO, while investors pushed wsj.com for a cautious valuation near $1.5 trillion. Fox Corp. reported wsj.com higher profit on World Cup and election ad sales.
Europe and Corporate Earnings
Alstom shares tumbled 26% ft.com after the train maker cut its profit forecast again. Ryanair plans bloomberg.com a cost drive, including a pay freeze, to offset a roughly €2 billion jet fuel surge. Intesa Sanpaolo will launch bloomberg.com its €33 billion takeover bid for Monte Paschi later this month. Alphabet paid up bloomberg.com to sell €6 billion of euro bonds. Clorox trimmed wsj.com its full-year outlook on higher costs, while Marriott beat bloomberg.com estimates on strong U.S. demand and Estee Lauder posted wsj.com higher profit as its turnaround took hold.
Fixed Income and Rates
Treasury yields bloomberg.com extended a monthly slide as oil dropped and rate hikes came into question. Indian bonds bloomberg.com rallied the most in six months, and Romania raised bloomberg.com €4.5 billion in its new government's first bond sale. Oracle and 16 other firms rushed bloomberg.com to sell high-grade bonds before the vote. The Bank of England is expected to raise wsj.com rates Thursday.
Crypto and Risk
Binance resumed withdrawals ft.com after a $6.3 billion hack, with users pulling about $5 billion. Wall Street's FinTwit crackdown bloomberg.com intensified as copycat fears grew, and Canadian Pension Plan's credit chief warned bloomberg.com of "bubble-like" AI exuberance. Elliott cautioned wsj.com investors about market risks in its outlook.
U.S. Politics and Policy
Ahead of the midterms, Democrats showed strength nytimes.com in final Senate polls, while the chamber's control hinges on wild cards nytimes.com. Trump delivered nytimes.com a closing message focused largely on landscaping, and Republicans warned nytimes.com of losing Congress. A judge dismissed nytimes.com a Trump lawsuit seeking Harvard admissions data, and the administration asked nytimes.com the Supreme Court to intervene in a California ballot case. A child died nytimes.com of measles in New York, the state's first fatal case in 30 years.
Global Affairs
The U.S. is pushing wsj.com to restore Russian gas sales to Europe via Ukraine as part of an energy ceasefire idea. The U.S. plans bloomberg.com to press NATO allies for more Ukraine arms funding. Serbia shut down ft.com Alta Bank, which was suspected of moving large sums abroad.
Coming Up
The midterm results begin emerging wsj.com after Tuesday's polls close. Intesa Sanpaolo's Monte Paschi bid launches bloomberg.com later this month. Netanyahu and Eisenkot will make their cases nytimes.com to Israel's president for the premiership.
Private Equity
Last updated: November 2, 2026, 10:40 PM ET
Venture & AI Funding
Trajectory raised $45M techcrunch.com to make AI model training accessible to nontechnical experts, lifting the one-year-old startup to a $300 million valuation. Creandum closed a $750m fund sifted.eu, its largest to date, to back the AI boom. Record venture funding in 2026 is becoming increasingly concentrated news.crunchbase.com in massive AI rounds, leaving fewer checks for everyone else. Hypersonica raised €100m sifted.eu from Lightspeed and General Catalyst as missile defence demand accelerates.
Buyouts & Control Deals
Stonepeak completed its acquisition peinsights.substack.com of a 65% controlling stake in Castrol from bp, a transaction that carries roughly $6bn of bank financing. In Australia, Stonepeak finalized its purchase peinsights.substack.com of Estia Health as Bain exited its position in the aged care operator. Lazard closed its acquisition peinsights.substack.com of Campbell Lutyens and merged it into a new Lazard CL platform.
Infrastructure & Credit
Blackstone leads a $3.1bn investment peinsights.substack.com by a Canadian investor group into Mitsubishi's stake in LNG Canada, pairing global capital with domestic partners. Apollo launched European Credit Company peinsights.substack.com, a standalone lending platform with $11.5bn of capacity. AE Industrial closed an $850m continuation vehicle peinsights.substack.com for the Blue Raven asset, led by Lexington.
Fund Formation & Sustainability
I Squared and ADIA backed Avolon's peinsights.substack.com new aircraft leasing platform with a $1.4bn seed portfolio. Eurazeo was appointed peinsights.substack.com to manage a $40m nature allocation backed by Bof A and King Charles' Sustainable Markets Initiative. Apollo took a minority stake peinsights.substack.com in Mubadala Capital, one of several deals featured in this week's private equity roundup.
Ecosystem & Startup Hubs
Enduro Sat has become Bulgaria's satellite unicorn sifted.eu, putting Sofia on the global tech map. London was named the best global hub sifted.eu for launching an AI company. Investors also highlighted a shortlist of photonics startups sifted.eu to watch, while founders debated how to prove AI ROI sifted.eu to enterprise buyers.
Coming Up
The TechCrunch Founder Summit techcrunch.com takes place November 4 in Boston.
Sector Investment
Last updated: November 2, 2026, 3:40 PM ET
Private Equity Strategy
Analysis of healthcare private equity partnerships on the Becker Private Equity & Business Podcast thehealthcareinvestor.com examines what separates successful deals from failed ones in the sector.
Infrastructure Fundraising
Ares is expected to close infrastructureinvestor.com its debt fund at more than $6bn this month, while Dexus prepares to sell infrastructure funds and La Caisse eyes a $1.7bn towers play.
Data Centers
Keppel expects its third perenews.com APAC data center fund to surpass its target, with its CEO citing bigger investor commitments.
Europe Infrastructure
Igneo closed EDIF IV infrastructureinvestor.com on a €6bn hard-cap, exceeding its target as investors shift toward European and mid-market assets.
Coming Up
Ares's debt fund final close infrastructureinvestor.com is expected later this month.