Key Takeaways Allied Gold produced 262,077 ounces in the first nine months of 2025, up from a year earlier.Higher output expected from Bonikro and Sadiola, with Phase 1 expansion at Sadiola nearing completion.New equipment, skilled hires and refined mining models aim to drive efficiency and productivity.Allied Gold Corporation (AAUC) , a Canada-based gold producer, is steadily building momentum with operations spread across Mali, Côte d’Ivoire and Ethiopia. In the first nine months of 2025, the company prod ...

Key TakeawaysItaly's industrial production significantly outperformed expectations in September, posting a month-over-month increase of 2.8% against an estimated 1.5%.UBS has reiterated its "overweight" recommendation on China stocks for the next year, signaling continued optimism for the region's equities.Diplomatic dialogue between the UK and Russia has failed to progress, with the Kremlin asserting that the UK demonstrated no desire to engage with Russia's position.The International Energy Agency (IEA) h ...

Geopolitical Tensions - Geopolitical tensions have escalated between Japan and China following remarks by Japanese Prime Minister Sanae Takaichi regarding Taiwan, suggesting a potential military response from Japan if China acts against Taiwan [2][3] - Beijing condemned Takaichi's comments as interference in internal affairs and a violation of the "one-China principle," leading to diplomatic friction [3] Oil Market Dynamics - The global oil market is experiencing downward pressure due to concerns over oversupply and ongoing sanctions, with West Texas Intermediate (WTI) and Brent crude prices reflecting market uncertainty [4][5] - A reported increase of 6.5 million barrels in U.S. crude inventories has contributed to bearish sentiment, potentially indicating a supply glut [5] - OPEC+ has decided to maintain current output quotas for the first quarter of next year, amidst expectations of an oversupplied market [5] Corporate Performance: Sony Group - Sony Group has upgraded its annual net profit forecast to $7.0 billion, up from an earlier estimate of 980 billion yen, driven by strong performance in gaming and anime segments [6][7] - The company raised its annual sales forecast to 13.2 trillion yen, attributed to robust sales in gaming, music, and financial products [7][8] - The Game and Network Services segment, including PlayStation, saw sales rise to 1 trillion yen, an 11% year-over-year increase, despite a 22% dip in PlayStation 5 console shipments [8] China's Diplomatic Engagement - China is actively pursuing diplomatic outreach to improve international relations, as evidenced by discussions between Chinese Foreign Minister Wang Yi and his Canadian counterpart [9][10] - The discussions highlight China's efforts to foster stability and cooperation amidst regional tensions, particularly with Japan over Taiwan [10]

Group 1: Market Performance - U.S. stock funds recorded a 0.9% increase in October, contributing to a year-to-date gain of 12% [3][7] - The strong performance is primarily driven by large-cap funds, particularly in the technology sector, with major companies like Nvidia, Apple, Amazon, Alphabet, Meta, and Microsoft leading the surge [3][7] Group 2: Geopolitical Developments - Gaza City is experiencing a complete communications blackout, impacting emergency services and aid operations due to the targeting of main network routes [4][7] - Belgium has received urgent military assistance from France, Germany, and Britain to address suspicious drone activity over its military bases, highlighting rising security concerns in Europe [5][7] Group 3: Political Commentary - Former President Trump criticized Democrats for initiating a government shutdown, attributing it to their efforts to maintain ObamaCare subsidies, which he described as detrimental to Americans [6][7]

Gold (GC=F) futures sat near $4,000 per ounce on Friday, remaining steady after last month’s sharp sell-off but raising questions over where the precious metal is headed next. Gold is still on pace for its best year since 1979, driven by central bank purchasing and increased inflows into exchange-traded funds (ETFs), bar and coin purchases. But the yellow metal is off roughly 9% from its all-time high north of $4,350 last month. Analysts at Macquarie Group said Thursday they believe gold prices have like ...

Key TakeawaysThe Bank of England is widely expected to hold its key interest rate at 4% today, November 6, 2025, amidst a finely balanced decision influenced by persistent inflation and a weakening economy.Russian President Vladimir Putin has ordered officials to prepare proposals for a potential resumption of nuclear testing, a direct response to former U.S. President Donald Trump's recent statements regarding new U.S. atomic trials, signaling heightened geopolitical tensions.A significant U.S. study revea ...

Geopolitical Tensions - The global geopolitical landscape is experiencing heightened tensions, particularly due to a semiconductor dispute in Europe and advancements in Russia's nuclear arsenal [2] - The semiconductor dispute is centered around Nexperia, a key supplier for the automotive sector, which has raised concerns about global supply chain stability [3][4] Nexperia Controversy - The Dutch government seized control of Nexperia, citing national security and intellectual property concerns, influenced by US pressure after Wingtech Technology was added to the US Entity List in 2024 [3][4] - In retaliation, China has banned exports of Nexperia's finished chips to Europe, directly impacting the supply chain [4] - Nexperia supplies approximately 49% of the electronic components used in European vehicles, making the automotive sector highly vulnerable to disruptions [5] Impact on Automotive Industry - The European automotive industry is facing severe repercussions, with industry bodies warning of potential production stoppages due to the chip shortage [5] - Analysts at Deutsche Bank forecast a potential 10% production drop for Germany, with a worst-case scenario reaching 30% [5] - Dutch Prime Minister Dick Schoof has briefed EU leaders on the situation, indicating ongoing discussions among Dutch, Chinese, and EU officials to find a resolution [5] Russian Military Developments - Russian President Vladimir Putin announced the successful test of the Burevestnik nuclear-powered cruise missile, claiming it has unlimited range and can evade existing defense systems [6][7] - The missile test involved a 15-hour flight covering 14,000 kilometers (8,700 miles), signaling Moscow's defiance against Western pressure regarding the Ukraine conflict [7][8] - The missile is expected to enter service between 2025 and 2027, although Western experts express skepticism about its reliability and environmental risks [9]

Geopolitical Developments - Russia's air defense intercepted 193 Ukrainian drones, indicating ongoing conflict and instability in Eastern Europe [2][9] - Former U.S. President Donald Trump congratulated Javier Milei on his election victory in Argentina, reflecting a shift in the political landscape in Latin America [3][9] Analyst Ratings and Stock Movements - D.A. Davidson raised the price target for Comfort Systems USA (FIX) to $1,200 from $810, indicating a strong bullish outlook for the company [4][9] - TD Cowen lowered the price target for Diageo Corp (DEO) to 2000p from 2275p (approximately $22.75 from $24.50), citing weak demand for spirits [5][9] - Union Pacific Corp (UNP) saw a slight reduction in its price target from TD Cowen, moving to $257 from $258 [6][9] - Jefferies increased the target price for Boston Beer Company (SAM) to $245 from $225, suggesting confidence in the company's future performance [6][9] Asia Market Performance - Indonesia's Benchmark Index (JKSE) declined by 3.7%, closing at 7,965.14, reflecting broader market pressures or regional economic concerns [7][9]

Group 1: Novartis and Avidity Biosciences - Novartis AG is reportedly nearing a deal to acquire Avidity Biosciences Inc., focusing on rare diseases [2] - Avidity's market capitalization was approximately $4.6 billion at the time of Novartis's interest [2] - Avidity specializes in developing Antibody Oligonucleotide Conjugates (AOCs) for neuromuscular conditions such as DM1, FSHD, and DMD [2] Group 2: TotalEnergies and Mozambique LNG Project - TotalEnergies has reported a $4.5 billion increase in costs for its liquefied natural gas (LNG) project in Mozambique since construction was halted in 2021 [3] - The project, initially valued at $20 billion, had its "force majeure" status lifted, but full construction restart depends on government approval of an updated development plan [3] - Once operational, the project is expected to significantly enhance Mozambique's position as an LNG exporter [3] Group 3: Geopolitical Developments - Russian air defense forces successfully shot down a drone targeting Moscow, highlighting ongoing tensions in the region [4] - Israeli Defense Minister reaffirmed defense commitments near the Lebanese border, indicating continued regional security concerns [5] - UK Prime Minister is set to visit Turkey for talks, including discussions on a multibillion-dollar Eurofighter Typhoon deal [6]

Domestic Policy and Economic Landscape - High-income residents in Democratic states are expected to receive significant tax refunds in 2025 due to a relaxed SALT cap, which may greatly influence personal finances in high-tax states [2] - ExxonMobil has filed a lawsuit against California, claiming that new climate disclosure laws violate its First Amendment rights, as these laws require large companies to disclose greenhouse gas emissions and climate-related financial risks starting in 2026 [3] - California's Transportation Secretary has threatened to revoke the state's authority to issue commercial driver's licenses and withhold $160 million in funding due to regulatory failures, including issuing licenses to non-domiciled drivers [4] - The Federal Reserve's bank reserves have decreased by $59 billion to $2.93 trillion, marking the second-lowest level since January 2023, indicating liquidity shifts in the financial system [5] - The job market remains tough for recent graduates, with 58% still seeking employment, more than double the rate of previous generations [5] Geopolitical Dynamics and International Trade - Former President Trump is on a diplomatic trip to Asia, aiming to finalize a peace deal between Cambodia and Thailand [6] - Ongoing meetings between Russian officials and the Trump administration are focused on a potential Ukraine deal, with Trump stating he will only meet with Putin if a concrete agreement is in place [7] - Trade tensions are escalating, with Trump announcing a 10% increase in tariffs on Canadian goods in response to an anti-tariff advertisement, while The Economist suggests that China is "winning the trade war" [8][9] Corporate and Market Movements - SoftBank has approved a remaining $22.5 billion investment in OpenAI, contingent on the startup completing a corporate restructuring for a potential public offering, indicating strong confidence in AI growth [10] - Central banks globally are accelerating gold purchases, acquiring an annualized 830 tonnes in 2025, reflecting a strategic shift towards diversifying reserves amid economic uncertainties [11]