Not a feed. A record of how the read changed.

Filter by theme, or read straight back. Every morning keeps its date, the regime the desk read at the time, and the words used to say it — unedited afterwards.

Not a feed. A record of how the read changed.

Brent rose 4.5% in two sessions, most of it on Thursday

Fewer tankers than normal left the Gulf for a third day with data

Google signed for more nuclear power on Tuesday

On Monday the Bovespa rose 7.7% to a record and the real gained 4.4% against the dollar, its biggest one-day rise in eight years

On Friday, two days before the vote, the Bovespa rose 2.6% and Brazilian shares in New York outran the S&P 500 by about 2 points, while the real…

Friday's settlement had diesel down 3.0% and December Brent little changed after the G7 agreed to release emergency stocks

The US added 29,000 jobs in September against about 90,000 expected, and unemployment rose to 4.2%

Brent rose more than 4% on Thursday, and Europe paid for it in its currency and its banks

US inflation came in below forecast on Wednesday, and long-term rates rose anyway: the thirty-year Treasury closed the quarter at its highest…

Crude fell about 3.5% on Tuesday, and the US thirty-year still closed at another high last seen in 2002

On the day Washington spurned Iran's offer and Brent rose, gold fell 3.5% — its worst day since June — and silver 4.8%

Over nine sessions to Friday's close the five largest listed private-credit managers fell between 5.2% and 10.6% while the S&P 500 rose 1.6%

Brent fell 2.14% on Friday on Iran's offer to reopen Hormuz within a week, and the thirty-year Treasury still closed at 5.50%

Iran offered a plan to reopen Hormuz within a week and Brent fell 2.14%

The 30-year Treasury yield rose 6 basis points to 5.46%, its highest since 2004, and led the 5-year for the first time this week

The 5-year Treasury yield rose 16 basis points to 5.00% and the 10-year 15 to 5.12%

Brent settled at $99.25 (-1.09%), its first finish under $100 since 8 September

Brent settled at $100.34 (-3.40%), down 7.73% across four sessions; the Nasdaq closed 27,122 (+2.26%) and bitcoin $86,586 (+6.70%)

Friday settled with the S&P 500 at 7,650.50 +0.17%, the Nasdaq at 26,522.55 +0.39% and the Dow at 51,682.64 -0.18% — a third consecutive losing…

Three central banks moved inside five sessions: the Federal Reserve to 4.00% on 16 September, the Bank of England holding at 3.75% on the 17th,…

The ten-year Treasury yield settled at 5.00% on Friday and the five-year at 4.86%, back above its level before Wednesday's hike

A day after the Federal Reserve's first increase since 2023, the S&P 500 rose 1.14% to 7,637.76 and the Nasdaq 1.69%

The Federal Reserve raised its policy range to 3.75–4.00% on 2026-09-16, its first increase since 2023, and signalled one more before year-end

Houthi strikes on Saudi Arabia carried Brent to $108.75 and WTI to $105.83 on the settled session of 2026-09-15, the barrel's fifth straight…

On Monday the ten-year Treasury yield traded above 5% for the first time since 2023, then settled at 4.96%, lower on the day

Over the weekend the heads of Anthropic, OpenAI and xAI asked their own industry to slow the pace of its most advanced models, OpenAI shelved a…

The August consumer price index landed exactly on forecast at the headline — 0.4% on the month and 3.4% on the year — and the annual core rate…

Crude settled above a hundred dollars for a second session — WTI $100.05 and Brent $104.61, carrying the barrel +9.37% across the five settled…

Crude ran better than six per cent in a single session to $102.48 and Brent settled at $107.63, carrying the barrel +12.60% across six settled…

Brent settled $101.21 on 2026-09-09 — its first close above one hundred dollars since 2026-07-23 and its highest since 2026-05-22 — +1.83% on the…

Brent settled $99.39 on 2026-09-08, +2.24% on the session and +5.01% across the five settled sessions from 2026-09-01, after strikes on Saudi…

August payrolls beat consensus by 106,000 on Friday and the dollar did not move against the yen for two sessions — 156.195, then 156.205

The United States struck Iranian oil tankers after Friday's close

Markets closed on Friday having made up their mind about the week

US August payrolls printed 162,000 against a 56,000 consensus, with unemployment holding 4.1% — a beat of nearly three times, on the print that…

Everything priced in dollars went up, and the dollar went down

Crude held what it took

The settled session of Tuesday 2026-09-01 priced a war and refused to hedge it

The settled session of Monday 2026-08-31 was an energy scare that the metals refused to join: WTI +2.78% to $85.76 and Brent +2.71% to $90.49…

The last settled US cash session, Friday 2026-08-28, was a monetary one: the five-year +8 basis points to 4.48% after the Federal Reserve chair's…

The Nasdaq closed +1.57% at 26,541.35 — its largest one-day gain since 2026-08-04 — after Nvidia posted a blowout quarter and guided to roughly…

Brent fell 0.84% to $87.84 — a third straight lower close and 6.94% below where it settled on 2026-08-21, its lowest close in 9 sessions — as Iran…

Brent fell 3.89% to $88.58 and WTI 3.12% to $82.36 on the session Washington declared the Strait of Hormuz cleared of mines — Brent's largest…

Monday settled split

Friday reversed the week without redeeming it

Washington said its buybacks would get bigger and the long bond got sold anyway: the 30-year settled at 5.24% and the 10-year at 4.70%, both…

The 30-year fell to 5.20% and the dollar fell with it — EUR/USD +0.86%, USD/JPY -0.80%

Equities fell a third straight session and the selling was concentrated where the discount rate bites hardest: the Nasdaq -1.33%, the S&P 500…

No cash session has printed since Friday

Friday gave the week to oil and took it back from everything else

Thursday settled firm and settled narrow

July inflation landed exactly where it was supposed to: consumer prices up 0.1% on the month, the annual rate 3.4%, core 0.2% and 2.5% — every…

Crude took the week: WTI settled $83.20, +1.30% on the day and +6.4% from Friday's close, with Brent at $88.91 — a third straight gain, and more…

Monday was the first full session since Friday and it moved one thing violently: WTI settled $82.13, +5.05% on the day, Brent $87.72, +4.99%,…

Friday's settled close still stands as the last full session: the S&P 500 at a record 7,757.64, its best week since April, with the 30-year at…

The week ended with the S&P 500 at a record 7,757.64 and the VIX at 14.90, its lowest of the year, on the heaviest week for options volume on record

A soft July payroll drained the September hike out of the market: the dollar closed at its lowest since May and short Treasuries capped their best…

Gold closed at $4,396.20, up 2.25% on the day and its strongest week since January, with silver up 3.02% to $63.47

Iran confirmed it is finalising an accord with Oman over the Strait of Hormuz and the President said a deal could come within days - after weeks…

Crude had its worst two sessions of the war: WTI fell 5.5% on Tuesday to $75.92, taking the two-day fall to 12.5%, after the President called off…

One market changed its mind twice this week; the other never changed it at all

Equities ripped and vol broke - the Nasdaq ~+2.0%, the VIX ~-23% to ~16 - while investors sorted AI winners violently: Amazon ~+14%, Apple ~-9% on…

THE BOND MARKET CALLED THE FED'S BLUFF

THE OIL SHOCK WON'T QUIT, AND BIG TECH'S AI BILL CAME DUE

THE RE-SPIKE - OIL TO $94, GOLD TO A RECORD, THE WAR ENTRENCHES

AN UNEASY BOUNCE ON A DIPLOMATIC FLICKER

THE WAR WENT KINETIC - OIL'S BIGGEST JUMP IN SIX YEARS

THE WEEK THE AI TRADE CRACKED - AND THE OIL SHOCK CAME BACK

TACO TUESDAY - THE TOLL'S GONE, THE WAR ISN'T

THE CAPPED RELIEF. June CPI came in benign - headline -0.4% m/m (the first outright drop since the 2020 pandemic), annual 3.5% from 4.2% - which…

The verdict week opens RISK-OFF: the US and Iran are fighting for control of the Strait of Hormuz, so oil SPIKED ~4% (WTI ~$74, Brent ~$79) and…

A week of narrative whiplash ended at S&P highs - but read what the index hides

The oil shock is round-tripping

Yesterday's shock is now a trend

The regime flipped: Trump declared the US-Iran ceasefire OVER and the US resumed 'powerful strikes' after Hormuz tanker attacks (threat 'severe')

A soft US jobs report last week dialed back Fed rate-HIKE bets - and the tone tilted dovish into Tuesday

Monday's reopen answered the weekend - and it wasn't holiday liquidity: the hard-asset bid HELD

US markets were closed for Independence Day (4 July, a Saturday) - but the markets that never shut kept moving

Wall Street's profit forecasts are rising at the fastest pace since the Covid rebound - enough for the FT to warn of an 'earnings bubble' - and…