10/20/2026
๐ Market News for 19 October 2026:
1. ๐ข The head of the IEA stressed that even more oil could be released from reserves onto the market if necessary.
2. ๐ข๐ฎ๐ท Iranian officials said that Iran has no choice but to establish control over the Strait of Hormuz.
3. ๐งฑ According to Bloomberg New Energy Finance, copper miners will need around $332bn in new investment to prevent a future copper supply deficit.
4. ๐บ๐ธ Wells Fargo reported that its โsentiment indicatorโ has triggered a buy signal for the S&P 500 index.
5. ๐บ๐ธ $5.2bn was withdrawn from US Big Tech stocks last week, according to BofA data.
6. ๐บ๐ธ Apple will hold its โPro and Tellโ event in Los Angeles on 28 October.
7. ๐บ๐ธ Ark Invest has set a 2031 price target of $4,400 per Tesla share, implying a market capitalisation of $17.5tn.
8. ๐บ๐ธ Salesforce is acquiring Braze for $5.7bn.
9. ๐บ๐ธ Mastercard has launched a stablecoin transaction security service that allows financial institutions to screen payments for fraud, scams and sanctions risks before funds are transferred via blockchain.
10. ๐บ๐ธ GM has approved a new $20bn share buyback programme.
11. ๐บ๐ธ๐ฉ๐ช Amazon will invest more than โฌ16bn in Germany in 2027 to develop areas including data centres, its satellite programme and Prime Video content production.
12. ๐บ๐ธ๐ช๐ธ Waymo will launch driverless taxis in Madrid in 2027, making it the companyโs second market in the EU.
13. ๐จ๐ญ Switzerland has approved its first spot Bitcoin ETF for retail investors.
13. ๐จ๐ญ๐จ๐ณ Chinese pharmaceutical company Hansoh Pharma has reached a $15bn drug manufacturing agreement with Roche.
15. ๐ช๐บ European equities continue to fall amid ongoing protests.
16. ๐ฉ๐ช๐บ๐ธ The German government has entered into a partnership with Nvidia focused on industrial AI.
17. ๐จ๐ณ DeepSeek has partnered with Huawei on new AI chips.
18. ๐ฆ๐ช Sales of luxury property in Dubai fell by 17% y/y in Q3 2026 amid the ongoing conflict in the Middle East.
19. ๐ช The โdigital goldโ market is expected to grow to $160โ170bn by 2031. Demand could reach $700bn once barriers to digital adoption are removed, according to a joint forecast by the World Gold Council (WGC) and BGS.
20. ๐ช BlackRock has filed for a new Bitcoin ETF, the iShares Bitcoin Managed Protect ETF. Unlike a traditional ETF, it is designed to offer unlimited upside potential while providing downside protection.