Global markets rally as tech stocks gain despite hotter-than-expected US producer inflation

Tech stocks recover as US annual producer inflation surges to 6.3%, retail sales beat expectations, while oil prices dip as new diesel stock released into market, offsetting geopolitical concerns

Global markets rally as tech stocks gain despite hotter-than-expected US producer inflation

Tech stocks recover as US annual producer inflation surges to 6.3%, retail sales beat expectations, while oil prices dip as new diesel stock released into market, offsetting geopolitical concerns

New house sales in Türkiye rise 3.9% in September

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Fed chair reaffirms price stability commitment, avoids signaling next rate move

Kevin Warsh says US investment surge supports growth, sees AI boosting supply over medium term16 October 2026

Russia’s digital economy faces a new front as Ukrainian drone strikes hit critical tech facilities

Drones strike data centers operated by Yandex and Sberbank, prompting Russian officials to work with the Defense Ministry to strengthen security at other facilities.16 October 2026

EU leaders urge urgent action on energy prices, single market reforms

European Council calls for lower energy costs, reduced regulatory burdens and progress on bloc's next long-term budget and enlargement process16 October 2026

New York stock exchanges close higher

- Dow Jones earns 1.08%, S&P 500 0.33%, Nasdaq 0.08%, as European indexes end day mixed15 October 2026

US extends sanctions waiver for Russian energy firm Lukoil through April

Treasury Department authorization permits retail stations outside Russia to operate while barring remittances to Moscow15 October 2026

EU leaders seek measures to ease energy price pressures ahead of winter

Some leaders also call for review of bloc's electricity market design15 October 2026

IEA members to accelerate release of 100M barrels as oil markets remain tight

Plans include over 20M barrels of diesel to be released as soon as possible amid supply tightness15 October 2026

1st phase of India-US trade deal finalized, says New Delhi

Agreement’s first tranche finalized, undergoing ‘final contours’ and legal drafting, says Indian minister15 October 2026

Germany's trade deficit with China set to hit record as automotive surplus collapses

Deficit projected to exceed $112B, more than seven times its 2019 level, German Economic Institute says15 October 2026

European Parliament chief says proposed EU budget cuts 'don't fly' amid growing challenges

Dispute continues between member states, parliament on next multiannual financial framework15 October 2026

Global markets rally as tech stocks gain despite hotter-than-expected US producer inflation

Tech stocks recover as US annual producer inflation surges to 6.3%, retail sales beat expectations, while oil prices dip as new diesel stock released into market, offsetting geopolitical concerns

Global markets rally as tech stocks gain despite hotter-than-expected US producer inflation

Tech stocks recover as US annual producer inflation surges to 6.3%, retail sales beat expectations, while oil prices dip as new diesel stock released into market, offsetting geopolitical concerns

Economy

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Economy

China records 4.5% growth in 3rd quarter

AI-driven profits concentrated at top despite widespread global AI adoption

Türkiye’s export value per kilogram surges as high-tech sectors boost revenue: Trade minister

‘Europe must be a continent that innovates,’ France, Germany say in joint auto industry push

Turkish Airlines, CFM sign deal framework for over 300 aircraft engines

Energy shock pushes major central banks toward higher rates as growth risks mount

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