MARKETS · DESK NOTE
Europe's largest bank missed on revenue, not on profit, and its shares touched a six-month low. Around it, a drugmaker, a packaging firm and a chip-equipment maker raised the numbers that matter. The index barely moved.
Markets & Macro · 2 min · Read the piece →
GEO-ECON · DESK NOTE
Middle East crude exports are back above pre-war levels, Hormuz carries about 82% of its old flow, and the physical barrel has got cheaper. The futures market still prices the next attack.
Geo-economics · 2 min · Read the piece →
POLITICS · DESK NOTE
The Student List won 140 of 250 seats with no prime minister picked. The constitution now sets the pace: 30 days to a parliament, 90 more to a government, a president by 27 December.
Politics & Institutions · 2 min · Read the piece →
ENERGY · DESK NOTE Chart
The auction for Wednesday cleared at €249.21 per megawatt hour, the dearest day since mid-September. The plants that sat out the storm weekend have returned, and even the cheapest hour now costs €190.
Energy & Industry · 2 min · Read the piece →
MONEY · PODIUM VS PRINT Chart
Lagarde says the energy shock is too large to look through, but a measured response will do. The September print says prices rise 3.8% a year against a deposit rate of 2.50%. Thursday is about which of the two sentences carries more weight.
Money, FX & Committees · 2 min · Read the piece →
ORDINARY · DESK NOTE
German households saved 18.9% of their disposable income in 2025, well above the EU average of 14.3%. The rate has edged down from 19.6% and held there into 2026.
Ordinary & Inherited Life · 2 min · Read the piece →
TECH · DESK NOTE
Nvidia will put $3 billion and AMD $1 billion into Meta's share offering. When the chip makers fund the buyer of their chips, read the order book and the cheque together.
Tech & Compute · 2 min · Read the piece →
HEALTH · DESK NOTE
WHO Europe opened its annual meeting in Copenhagen with the numbers that rarely make headlines. Most of them are about routine done well, and some are about gaps.
Health & Care · 2 min · Read the piece →
SECURITY · DESK NOTE
Finland's president and Norway's prime minister phoned Vladimir Putin on Tuesday. Both sides published accounts. They agree on the Abu Dhabi talks and the phone line, and on little else.
Security & Order · 2 min · Read the piece →
CLIMATE · DESK NOTE Chart
Rajasthan and Gujarat joined Karnataka, Maharashtra and Andhra Pradesh. The relief comes as cattle camps and paused loan collections, the unglamorous kind.
Climate & Weather · 2 min · Read the piece →