Live blog updates from 3 PM – 6 PM IST on October 13, 2026. All times are in IST.
5:02 PM IST: US Small-Business Confidence Falls Again in September The NFIB Small Business Optimism Index fell 0.8 point to 97.9 in September, slipping slightly below its 52-year average. (11:32 am UTC · 7:32 am ET)
US Small-Business Confidence Falls Again in September
- The NFIB Small Business Optimism Index fell 0.8 point to 97.9 in September, slipping slightly below its 52-year average.
- The NFIB said higher interest rates have increased borrowing costs and restrained business borrowing.
- Net 8% of businesses reported lower nominal sales over the past three months, on a seasonally adjusted basis.
- Around 26% of respondents cited labour quality or availability as their biggest problem, while 20% pointed to inflation.
- NFIB chief economist Bill Dunkelberg said business owners remain cautious amid rising costs, elevated interest rates and difficulties finding qualified workers.
5:02 PM IST: BofA Survey: Investors Flag Bond Yields and AI Bubble as Key Risks Bank of America’s Global Fund Manager Survey found that a US 10-year Treasury yield of 5.9% could prompt investors to shift allocatio… (11:32 am UTC · 7:32 am ET)
BofA Survey: Investors Flag Bond Yields and AI Bubble as Key Risks
- Bank of America’s Global Fund Manager Survey found that a US 10-year Treasury yield of 5.9% could prompt investors to shift allocations from equities to bonds.
- Investors’ overweight allocation to technology stocks has reached its highest level since August 2020.
- Global growth expectations have turned negative, with a net 4% of fund managers expecting the global economy to weaken over the next 12 months.
- A disorderly rise in bond yields is the biggest perceived tail risk, followed by a potential AI bubble.
- Bond-yield pessimism has eased to its lowest level since May 2025, with a net 1% expecting long-term rates to rise, while investor optimism has fallen to its lowest level since June but remains positive.
5:27 PM IST: Goldman Sachs and JPMorgan: Goldman’s Q3 Earnings Surge as JPMorgan Misses Revenue Estimates Goldman Sachs reported Q3 2026 net revenue of $18.679 billion, up 23% year-on-year, while net income rose 2… (11:57 am UTC · 7:57 am ET)
Goldman Sachs and JPMorgan: Goldman’s Q3 Earnings Surge as JPMorgan Misses Revenue Estimates
- Goldman Sachs reported Q3 2026 net revenue of $18.679 billion, up 23% year-on-year, while net income rose 29% to $5.294 billion and diluted EPS increased 39% to $17.01.
- Goldman’s equity trading revenue surged 72% year-on-year to $6.44 billion, beating analyst expectations despite falling from the record $7.42 billion reported in Q2.
- Goldman’s fixed income, currencies and commodities trading revenue came in at $3.47 billion, below expectations and down nearly 1% year-on-year. Investment banking fees reached $3.22 billion, while Asset & Wealth Management revenue rose 14% to $5.05 billion.
- JPMorgan Chase reported adjusted Q3 revenue of $50.91 billion, below the $51.37 billion expected by analysts.
- JPMorgan’s FICC trading revenue reached $5.37 billion, below expectations of $6 billion, while equity trading revenue came in at $4.95 billion, exceeding estimates of $4.47 billion.
5:43 PM IST: OPEC Raises September Oil Output by 920,000 Barrels Per Day, Cuts 2026 Demand Growth Forecast OPEC crude oil production rose by 920,000 barrels per day to 25.10 million barrels per day in September, u… (12:13 pm UTC · 8:13 am ET)
OPEC Raises September Oil Output by 920,000 Barrels Per Day, Cuts 2026 Demand Growth Forecast
- OPEC crude oil production rose by 920,000 barrels per day to 25.10 million barrels per day in September, up from a revised 24.18 million barrels per day in August.
- Saudi Arabia’s crude oil production increased to 8.372 million barrels per day in September, compared with 6.238 million barrels per day in August.
- OPEC cut its 2026 global oil demand growth forecast to 180,000 barrels per day from 380,000 barrels per day, while raising its 2027 forecast to 2.55 million barrels per day from 2.36 million barrels per day.
- OPEC maintained its global economic growth forecasts at 3% for 2026 and 3.2% for 2027.
- September crude oil production by OPEC and the UAE combined reached 39.07 million barrels per day. The report also revised petroleum-product net imports lower for India to around 4.07–4.09 million barrels per day and China to 9.09 million barrels per day, while the US remained a net exporter at 3.79 million barrels per day.
5:52 PM IST: South Korea’s KOSPI Plunges 5.47% as Broadcom CEO’s AI Warning Sparks Sell-Off in Samsung and SK Hynix South Korea’s KOSPI fell 5.47% to close at 6,035.34 on Tuesday, October 13, as heavy selling trig… (12:22 pm UTC · 8:22 am ET)
South Korea’s KOSPI Plunges 5.47% as Broadcom CEO’s AI Warning Sparks Sell-Off in Samsung and SK Hynix
- South Korea’s KOSPI fell 5.47% to close at 6,035.34 on Tuesday, October 13, as heavy selling triggered a temporary trading halt.
- SK Hynix plunged 10.09%, while Samsung Electronics dropped 7.38%.
- Broadcom CEO Hock Tan said capital, rather than chips, is the biggest constraint on AI development, comparing some AI investors to casino gamblers.
- Newsletter author Tae Kim argued that markets misinterpreted Tan’s comments, noting that OpenAI’s revenue points to a viable business model despite continued losses.
Intraday recap covering 3 PM – 6 PM IST. All times are in IST (UTC/ET equivalents in brackets). For real-time updates, visit our Live News Blog.
