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Global Central Bank Update: -Norway hiked rates for the second time this year, 25 bps move up to 4.50%.
Global brokerage Bernstein said, in a report, that foreign investors had little reason to invest in the world’s fastest-growing major economy, pinning the blame for their ongoing exodus on India’s large corporations struggling to reinvent their businesses in the face of disruption from new technologies. More on the report and why India is unlikely to see a major reversal in foreign capital flows:
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Global GDP Growth will soar to 7.3% within the next 3-5 years, a level never before seen in human history, predicts Cathie Wood 🚨 🚨
Global oil markets are facing a historic loss of diesel supply: Diesel supply from the Middle East dropped by -835,000 barrels per day on average between March and August 2026 compared to the same period in 2025, according to Vortexa estimates. At the same time, Russian diesel supply fell -377,000 barrels per day. Meanwhile, Kpler estimates diesel supply was down -750,000 barrels per day in the Middle East over the same period and -361,000 barrels per day in Russia, while Energy Aspects estimates declines of -733,000 and -307,000 barrels per day, respectively. This puts the average estimated diesel supply loss at -772,667 barrels per day in the Middle East and -348,333 barrels per day in Russia, or -1.1 million combined. Furthermore, Russian diesel supply plunged -615,000 barrels per day YoY on average in July and August, following Russia's diesel-export ban. The global diesel market crisis is deepening.
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Global data center power demand is projected to reach 161 GW in 2026, up 31% YoY, with AI servers accounting for roughly one-third of total capacity, per TrendForce. $NVDA $AVGO $AMD
Global Citizen Festival canceled as powerful nor'easter expected to slam NYC through the weekend
Global Energy Demand Set To Jump 60% By 2060 As Developing Nations Power Up
Global bond selloff deepens, as US 30-year yields hit highest since 2004
Global bond rout rolls on, pushing US 30-year yield to highest since 2004
Global Bond Selloff Continues, Stock Futures Drop