top stories of 22 October

every morning: the most covered market stories of the past day. by email, on telegram and here.

1. Bank Indonesia Keeps Key Rate Steady as MSCI Downgrade Risk Weighs

   Bank Indonesia held its benchmark rate at 5.75% but raised its deposit facility rate to 5.0%. The rupiah is under pressure as MSCI weighs a downgrade of Indonesian equities.

   Economy · Currency · Bond · Treasury Notes — 2 sources

2. Bank Indonesia holds main rate but lifts deposit facility rate

   Bank Indonesia kept its 5.75% benchmark rate unchanged but raised the deposit facility rate by 25 bps to 5.00% amid a stock rout and rupiah weakness.

   Economy · Monetary Policy · Fiscal Budget — 2 sources

3. Oil Climbs as Middle East Risks Return After AI Worries Fade

   Oil rose as Middle East tensions returned to the forefront, with Brent near $110 and an unexpected drop in US crude stocks adding support to prices.

   Futures — 1 source

4. Iran's Floating Oil Reserves Run Dry After US Blockade

   Kpler data show Iran's offshore crude stocks off Malaysia and Singapore are fully depleted after months of a US naval blockade.

   Futures — 1 source

5. Oil climbs as US orders diplomats out of Saudi Arabia amid Houthi attacks

   Brent rose 1.2% to $110.11 a barrel after the US ordered some diplomats to leave Saudi Arabia. Source: Reuters.

   Futures — 1 source

6. Oil settles mixed as supply recovery offsets Hormuz shipping risks

   December Brent settled at $108.82 and WTI fell 0.7%, as traders weigh rebounding Middle East exports against threats to tankers, according to Dow Jones.

   Futures — 1 source

7. Pound rises against dollar and euro as UK inflation firms rate-hike bets

   UK inflation rose to 3.5%, above forecasts, solidifying expectations of a Bank of England rate hike in November. Sterling hits a 17-month high versus the euro.

   Currency · Inflation — 1 source

8. Oil Climbs as Attacks on Hormuz Shipping Raise Supply Concerns

   Brent rose 0.9% to $109.80 a barrel as attacks on vessels in the Strait of Hormuz and falling U.S. stockpiles lifted prices.

   Futures — 1 source

9. QIAGEN agrees to €46.50-per-share all-cash takeover by EQT fund

   QIAGEN and EQT Private Equity agreed a voluntary all-cash public takeover offer at €46.50 per share, a 40.3% premium to the XETRA close.

   Stock · Netherlands · Merger · Acquisition — 3 sources

10. DeepSeek raises $15 billion in move that challenges leading US AI labs

    Chinese AI startup DeepSeek has raised about 100 billion yuan in its latest round, Bloomberg News reported. CATL and Tencent were among the biggest investors.

    Stock · China — 2 sources

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