🚨 GGMA Weekend Headlines: Trump Weighs Iran Options as Lagarde Sees Inflation Staying High
🇮🇷 President Trump's advisers are split between ending the Iran war and resuming strikes, the WSJ reports. Qatar is mediating a deal that would move almost immediately into nuclear talks.
☢️ Iran is handing out iodine tablets near its nuclear sites amid fears of a US strike on Pickaxe Mountain, the Times reports. Tehran is also in talks with Moscow on Russian S-400 air defences, according to the Telegraph.
🇪🇺 ECB President Christine Lagarde says inflation will stay high in the coming quarters. She would not commit to a December rate increase, but said it would take "significant changes" to alter the direction of travel.
🏦 ECB candidate Pablo Hernández de Cos urges vigilance on inflation risks. Euro-area finance ministers discuss him and Klaas Knot on Monday.
🇺🇸 San Francisco Fed President Mary Daly says the Fed will likely need to raise rates further to bring inflation down, and called the tech-stock repricing "painful" but orderly, Reuters reports.
🇨🇳 China's central bank bought gold for a 24th straight month, adding 830,000 ounces in October.
💻 Microsoft is winding down a deal to rent AI cloud capacity from Oracle, Bloomberg reports.
🔍 China's spy agency recruited a businesswoman who targeted Nvidia's Jensen Huang, the New York Times reports. House committees have asked him to brief them.
🇦🇺 Australian auction clearance rates rose to 51.5% from a six-year low, according to Cotality.
📊 Weekend prices on Hyperliquid perpetual futures, Sunday 20:46 CET (change over 24 hours | over two days, since Friday 20:00 CET):
S&P 500 7,398 (+0.2% | -0.2%)
Nasdaq 100 27,048 (+0.3% | -0.2%)
Brent $96.59 (-0.9% | -1.0%)
WTI $89.74 (-0.7% | -0.6%)
Gold $4,066 (-0.2% | -0.3%)
EUR/USD 1.1163 (+0.1% | +0.1%)
USD/JPY 158.38 (+0.1% | +0.1%)
Bitcoin $75,898 (+0.2% | +0.2%)
China publishes October CPI and PPI at 02:30 CET on Monday. US CPI on Tuesday is seen rising 0.3% m/m in a Bloomberg survey, the last reading before the Fed's December meeting.
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