Live blog updates from 12 PM – 3 PM IST on October 13, 2026. All times are in IST.
12:28 PM IST: India’s 10-Year Bond Yield Hits Highest Since March 2023 India’s 10-year government bond yield climbed to its highest level since March 2023 amid RBI liquidity curbs and rupee-support measures. (6:58 am UTC · 2:58 am ET)
India’s 10-Year Bond Yield Hits Highest Since March 2023
- India’s 10-year government bond yield climbed to its highest level since March 2023 amid RBI liquidity curbs and rupee-support measures.
- From the fortnight beginning October 16, banks must maintain 99% of their required Cash Reserve Ratio (CRR) every day, up from 90%.
- The RBI has scheduled a ₹25,000 crore Open Market Operation (OMO) sale auction for Tuesday.
- The tighter liquidity conditions and bond sale are adding pressure on government bond yields.
- Higher bond yields can increase borrowing costs for home loans and other loans.
12:56 PM IST: KB Securities: South Korean Chip Stocks Fall for Fifth Straight Session Samsung Electronics and SK Hynix shares declined for the fifth consecutive trading day amid concerns over the sustainability of… (7:26 am UTC · 3:26 am ET)
KB Securities: South Korean Chip Stocks Fall for Fifth Straight Session
- Samsung Electronics and SK Hynix shares declined for the fifth consecutive trading day amid concerns over the sustainability of semiconductor earnings.
- KB Securities analysts said investors remain sceptical about whether the AI boom can deliver consistent long-term profits.
- Analysts noted that semiconductor companies remain vulnerable to industry cycles despite strong demand and rising profit expectations.
- Easing supply bottlenecks could eventually lead to excess inventory and overinvestment, putting pressure on earnings.
- KB Securities compared the risks to post-pandemic boom-and-bust cycles in diagnostic kits, masks, toilet paper and container shipping.
12:57 PM IST: US and European Regulators Tighten Scrutiny of AI Risks in Banking US and European banking regulators are intensifying scrutiny of AI-related risks, including autonomous AI agents and cyberattacks tar… (7:27 am UTC · 3:27 am ET)
US and European Regulators Tighten Scrutiny of AI Risks in Banking
- US and European banking regulators are intensifying scrutiny of AI-related risks, including autonomous AI agents and cyberattacks targeting banks.
- Three major US regulatory agencies, including the Federal Reserve, are asking banks about their use of advanced AI models.
- The Bank of England and European Central Bank are urging banks to strengthen recovery plans against potential technology-related disruptions.
- Regulators are concerned that rapidly advancing AI technology could disrupt financial markets sooner than previously anticipated.
- Banks may need to increase cybersecurity investments, assess dependence on external technology providers and adopt stronger AI risk-management frameworks.
12:57 PM IST: Danske Bank: US Dollar Stays Near 18-Month High Ahead of CPI Data The US dollar remained near an 18-month high, supported by weakening market risk appetite and hawkish comments from a Federal Reserve… (7:27 am UTC · 3:27 am ET)
Danske Bank: US Dollar Stays Near 18-Month High Ahead of CPI Data
- The US dollar remained near an 18-month high, supported by weakening market risk appetite and hawkish comments from a Federal Reserve official.
- Markets are awaiting US CPI inflation data on Wednesday for clues on the Fed’s future interest rate decisions.
- Danske Bank analyst Celie Bouer said markets are pricing in only a 5–6 basis-point rate hike in October.
- The bank expects the CPI data to have a limited impact on the dollar unless it significantly changes interest rate expectations.
12:57 PM IST: UBS: Most Negative News for Gold Already Priced In UBS said most negative factors affecting gold prices have already been priced in by the market. (7:27 am UTC · 3:27 am ET)
UBS: Most Negative News for Gold Already Priced In
- UBS said most negative factors affecting gold prices have already been priced in by the market.
- Gold prices have fallen around 5% since early September as persistent inflation concerns fuelled expectations of further Fed rate hikes.
- UBS believes gold has already adjusted to a more hawkish interest rate outlook, potentially easing pressure on prices.
- If upcoming economic data fails to strengthen expectations of further rate hikes, gold prices could stabilise.
- Continued declines in US Treasury yields could support a recovery in gold prices.
1:16 PM IST: Citigroup: Gulf Economies to Contract 3.1% in 2026 Amid Regional Conflict Citigroup forecasts Gulf economies will contract 3.1% in 2026 as regional conflict disrupts oil production and non-oil activit… (7:46 am UTC · 3:46 am ET)
Citigroup: Gulf Economies to Contract 3.1% in 2026 Amid Regional Conflict
- Citigroup forecasts Gulf economies will contract 3.1% in 2026 as regional conflict disrupts oil production and non-oil activity.
- Oil-sector output is projected to decline 13.7%, while non-oil growth is expected to slow to 1.0% from 5.1% in 2025.
- The economic impact will vary across six Gulf economies, depending on alternative export routes and disruptions to trade and tourism.
- The forecast assumes shipping through the Strait of Hormuz normalises in Q4 2026; prolonged disruption could worsen the outlook.
1:16 PM IST: Citigroup: UAE Economy May Shrink 0.2% in 2026 Citigroup expects the UAE economy to contract 0.2% in 2026, compared with 6.2% growth in 2025. (7:46 am UTC · 3:46 am ET)
Citigroup: UAE Economy May Shrink 0.2% in 2026
- Citigroup expects the UAE economy to contract 0.2% in 2026, compared with 6.2% growth in 2025.
- Non-oil output is forecast to decline 0.8%, reversing 6.8% growth in 2025.
- Oil-sector growth is projected to slow to 1.7% from 4.3% in 2025.
- The UAE faces significant exposure to the Middle East conflict through trade, tourism, imports and domestic demand.
- Strong fiscal and external buffers could provide the government with room to respond if economic disruptions persist.
1:48 PM IST: European Gas Prices Hit Highest Since December 2022 European benchmark Dutch TTF gas futures rose 1.7% to €85.82/MWh, reaching their highest level since December 2022. (8:18 am UTC · 4:18 am ET)
European Gas Prices Hit Highest Since December 2022
- European benchmark Dutch TTF gas futures rose 1.7% to €85.82/MWh, reaching their highest level since December 2022.
- ING warned that markets are pricing in the possibility of severely limited LNG supplies from the Persian Gulf through much of the Northern Hemisphere winter.
- EU gas storage stands at 73%, well below the five-year average of 89%.
- Low inventories and mandatory storage replenishment are intensifying competition between European and Asian buyers.
- Prolonged supply disruptions could trigger a sharp winter price spike, increasing energy costs and inflationary pressure across Europe.
2:01 PM IST: Bank of America: AI Giants’ Debt Boom Pushes Up Borrowing Costs for Emerging Markets Bank of America warns that heavy debt issuance by AI companies is intensifying competition with developing countrie… (8:31 am UTC · 4:31 am ET)
Bank of America: AI Giants’ Debt Boom Pushes Up Borrowing Costs for Emerging Markets
- Bank of America warns that heavy debt issuance by AI companies is intensifying competition with developing countries for investor capital.
- Average yields on emerging-market dollar bonds have risen by nearly 1 percentage point since the second half of the year, reaching their highest level since April 2025.
- Amazon and Alphabet have collectively issued around $70 billion in debt since the second half of the year to finance their funding needs.
- International bond issuance by emerging-market sovereign borrowers has halved to $45 billion since July 1, compared with $91 billion during the same period last year.
- Investment-grade emerging-market bond issuance has fallen 56% to $29 billion, while geopolitical risks, elevated oil prices and rising policy rates are adding further pressure on borrowing costs.
2:14 PM IST: Goldman Sachs: Global Oil Shipping Costs Surge to $30/Barrel Amid Middle East Disruptions Global oil shipping costs have climbed to around $30 per barrel from $4 a year ago, while Middle East routes a… (8:44 am UTC · 4:44 am ET)
Goldman Sachs: Global Oil Shipping Costs Surge to $30/Barrel Amid Middle East Disruptions
- Global oil shipping costs have climbed to around $30 per barrel from $4 a year ago, while Middle East routes approach $35 per barrel, according to Goldman Sachs.
- Tanker attacks, rerouting, Iranian shipping restrictions and increased ship-to-ship transfers are driving the freight surge.
- Murban crude loaded at Fujairah now trades at a $43/barrel premium over Basra-loaded crude, compared with just $2 in February.
- Higher freight and insurance costs around the Strait of Hormuz and Red Sea are pushing refiners towards nearer oil supplies and widening regional price spreads.
- Spot Brent trades around $40/barrel above comparable WTI crude and $24/barrel above Dubai, highlighting growing dislocations in global oil markets.
2:20 PM IST: FM Nirmala Sitharaman: LTCG and STT Discussions Ongoing Finance Minister Nirmala Sitharaman said discussions on Long-Term Capital Gains (LTCG) tax and Securities Transaction Tax (STT) are ongoing, ami… (8:50 am UTC · 4:50 am ET)
FM Nirmala Sitharaman: LTCG and STT Discussions Ongoing
- Finance Minister Nirmala Sitharaman said discussions on Long-Term Capital Gains (LTCG) tax and Securities Transaction Tax (STT) are ongoing, amid debate over equal treatment of different asset classes.
- Speaking at the Bloomberg New Economy Forum, she highlighted India’s economic reforms, simpler business regulations and digital transformation.
- She said India’s growing digital economy has expanded market access and created new opportunities.
- Sitharaman noted that the purchasing power of India’s middle class is strengthening confidence in domestic manufacturing and export potential.
- She also discussed capital outflows and the growing global focus on AI investments.
- Nirmala Sitharaman said retaining capital in India cannot be a unilateral effort as global investments shift towards the US and AI, highlighting the growing role of hyperscalers in attracting global investment.
- Speaking at the Bloomberg New Economy Forum, she said India’s digital transformation has expanded market access, while the purchasing power of the middle class is boosting confidence in domestic manufacturing and export opportunities.
Intraday recap covering 12 PM – 3 PM IST. All times are in IST (UTC/ET equivalents in brackets). For real-time updates, visit our Live News Blog.
