Vieira and Rodrigues secure share of top spots for Eckerd College
Bermudian sailors Jordan Vieira and PJ Rodrigues helped Eckerd College claim a share of top honours after mounting a thrilling final-day comeback at the weather-disrupted Charleston Fall Interconference regatta in South Carolina.
Competing across the tricky tidal waters of Crab Bank, the Tritons overcame frustrating delays to finish tied for first alongside hosts College of Charleston in a competitive 15-team fleet.
Saturday’s opening proceedings tested the sailors’ patience, with light breezes forcing a wind hold until 12:30. When racing finally got under way in Club 420s, crews contended with an ebbing current and testing winds of 5 to 6 knots.
Vieira steered Eckerd’s A Division boat alongside crew Angelina Manchuk—later joined by Avery Guck—while Rodrigues paired with Peyton Seidle in the B Division.
Four races were completed before threatening thunderstorms forced an early halt, leaving Eckerd fourth overall overnight on 45 points. With officials racing to beat Sunday’s 15:00 deadline, Eckerd produced an electric start. Vieira and Guck clinched an emphatic bullet in the A Division, matched stride-for-stride by Rodrigues and Seidle, who sailed home to victory in the B Division.
The double triumph ignited Eckerd’s climb up the leaderboard as breezes freshened to gusts of 12 knots.
However, around 13:00 the wind vanished entirely, forcing race committee officials to abandon further action. With Race 9A voided, the standings reverted to the completed rounds, confirming Eckerd level with Charleston at the summit on 76 points.
Secondary schools battle for silverware at National Sports Centre
Saltus Grammar School and Warwick Academy emerged victorious as Bermuda’s leading secondary school talents battled for silverware at the 2026 Senior School Field Hockey Tournaments.
Staged at the National Sports Centre in Devonshire, the competition saw Saltus produce a flawless campaign to secure the senior girls’ crown with three wins from three, while Warwick Academy showcased nerves of steel in two razor-thin encounters to take the senior boys’ title.
Spearheaded by the clinical finishing of Stella Marsh, Saltus Grammar navigated a competitive four-team girls’ division with a 100% record. Saltus dispatched Somersfield Academy 3-0 in their opener courtesy of a Marsh brace and a strike from Leilani Peters, before edging a resilient Warwick Academy Blue 2-1 with Marsh netting twice more to counter Sayla Williams’ reply.
The title decider came down to a fierce showdown against Warwick Academy White, who entered the contest buoyed by a 1-0 win over Somersfield and a 1-1 derby draw against Warwick Blue, with Naina Seth scoring in both fixtures. However, goals from Holly Lathwell and Marsh proved decisive in a 2-1 triumph for Saltus, holding off a late reply from Warwick White’s Hayleigh Cherry. Somersfield picked up their own win in the group, defeating Warwick Blue 2-1 behind strikes from Anya Aeleishe Pearman and Della Masters.
In the senior boys’ tournament, Warwick Academy relied on tactical poise to navigate two nail-biting clashes.
Somersfield Academy had laid down an early marker with a 4-1 cruise over Saltus Grammar behind doubles from Louis Manning and Will Bohus. Warwick Academy quickly seized control, edging Saltus 3-2 in an end-to-end clash through a Michael Schrah double and a Max Kimberley goal, despite Saltus answering via Johny Bart and Ryan McLean.
With the championship on the line against Somersfield, Warwick delivered a disciplined defensive masterclass, with Will Britten striking the lone goal in a 1-0 victory to claim the trophy.
Despite severe injuries to her arms from the insertion of intravenous lines during the attempted execution last Wednesday, Pike, 50, is “still handcuffed and shackled” to her hospital bed while she remains under medical care
FILE PHOTO: A picture taken on December 4, 2007 shows death row inmate Christa Pike entering a Knox County Criminal Court in Knoxville, Tennessee, US., obtained by Reuters on September 30, 2026. J. Miles Cary/ Knoxville News Sentinel/USA TODAY NETWORK via REUTERS/File Photo
International News via Reuters:
Convicted killer Christa Pike, who survived Tennessee’s effort to execute her by lethal injection last week, foiling the state’s first attempt to put a woman to death in two centuries, has regained consciousness and is speaking, her lawyers said in a statement on Tuesday.
Despite severe injuries to her arms from the insertion of intravenous lines during the attempted execution last Wednesday, Pike, 50, is “still handcuffed and shackled” to her hospital bed while she remains under medical care, her team of public defense attorneys wrote.
“Her prognosis remains unclear, but at a minimum we expect a long recovery,” the lawyers’ statement said, adding that a court hearing on Pike’s case was scheduled for Wednesday in Davidson County Chancery Court.
Pike, sentenced to death for her role as a teenager in the torture-murder of a 19-year-old schoolmate Colleen Slemmer three decades ago, survived the botched execution attempt on the night of September 30 at Riverbend Maximum Security Institution in Nashville, the state capital. She has been hospitalized since then.
Her lawyers said on Friday that their client remained unconscious, critically ill and hooked to a ventilator to breathe, as doctors labored to clear the drug pentobarbital from her system.
“Against all odds, Christa Pike is conscious, speaking and continues to receive critical medical care,” they wrote on Tuesday.
Pike’s petition for clemency, denied last week by Governor Bill Lee, argued that her death sentence had failed to properly account for Pike’s own childhood trauma as the victim of sexual abuse, neglect and untreated mental illness.
Pike went from being the first woman Tennessee had tried to put to death since the early 19th century to becoming the first person in the United States known to have survived after execution drugs were administered.
Death penalty opponents said the incident exposed the inherent barbarity of executions. It also highlighted the difficulties of carrying out lethal injections while respecting constitutional prohibitions on cruel and unusual punishment.
‘NONE OF IT WAS NORMAL’
Pike’s attorneys and journalists who witnessed the execution attempt described it as roughly 2-1/2 hours of disarray and prolonged distress for her as Department of Correction personnel struggled to administer two doses of pentobarbital intravenously.
“None of it was normal,” Catherine Sweeney, a reporter for Nashville public broadcaster WPLN, recounted. “It went really poorly.”
Pike was heard gasping, crying, whimpering and breathing loudly through much of the procedure, at one point saying, “my arm feels like it’s about to burst open.”
The bungled attempt to establish intravenous lines left both of Pike’s arms “swollen, burned and blistered,” the apparent result of the pentobarbital, a highly alkaline and caustic substance, seeping into the tissues under her skin, her lawyers said in court filings.
The lawyers accused state officials of having shrugged off prior warnings from Pike’s doctors that her small veins and a blood disorder called thrombocytosis would make placing IV lines especially difficult.
In the midst of the procedure, Pike’s lawyers filed an emergency court motion seeking to halt the procedure. By then, prison officials had ceased their execution efforts and called an ambulance, according to court records.
The night of the execution attempt, the Department of Correction defended its handling of the situation, saying it had “followed every step of the state’s lawful, established execution protocol.” But agency commissioner Frank Strada has resigned and will leave his post this month, the governor announced on Saturday.
Lee had previously ordered a suspension of any scheduled executions for the rest of the year and a third-party review of what happened in Pike’s case.
Two days before Pike was due to meet her fate, Lee rejected a petition seeking to commute her death penalty to a life prison term without the possibility of parole.
Pike was 18 in January 1995 when she, her 17-year-old boyfriend, Tadaryl Shipp, and a third companion lured Slemmer into a wooded area on the University of Tennessee campus in Knoxville and killed her.
The gruesome nature of the slaying, which involved Shipp carving the shape of a pentagram in the victim’s chest and Pike bashing Slemmer in the head with a chunk of asphalt, then taking a piece of her skull as a souvenir, drew intense media coverage at the time. Trial testimony indicated that Pike viewed Slemmer as a rival for her boyfriend’s affections.
Pike and Shipp confessed to the killing, and both were convicted of first-degree murder. Pike was sentenced to death, while Shipp received a life sentence with the possibility of parole.
Their co-defendant, Shadolla Peterson, who was 18 at the time of the murder and had acted as a lookout for the other two, testified for the prosecution and received probation.
Reporting by Ismail Shakil and Daphne Psaledakis; editing by Michelle Nichols, Rosalba O’Brien and Nia Williams
Brent futures rose 26 cents, or 0.3%, to settle at $100.58 a barrel, while US West Texas Intermediate (WTI) crude rose one cent to settle at $89.44
FILE PHOTO: Vessels at the Strait of Hormuz, as seen from Musandam, Oman, October 2, 2026. REUTERS/Stringer/File Photo
International News via Reuters:
Oil prices were little changed on Tuesday after recovering earlier losses, as the market weighed increases in Middle Eastern crude exports and a planned Group of Seven release of emergency diesel and crude stockpiles against supply concerns related to attacks by Yemen’s Iran-backed Houthis.
Brent futures rose 26 cents, or 0.3%, to settle at $100.58 a barrel, while US West Texas Intermediate (WTI) crude rose one cent to settle at $89.44.
Around 12 million barrels per day of crude oil and 2 million bpd of refined products — volumes needed to dampen price pressure — have left the Middle East on tankers in the last seven to 10 days, the CEO of commodity trading giant Vitol said on Tuesday.
Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that oil pumped through the East-West Pipeline, which runs to the kingdom’s Red Sea export hub of Yanbu, had reached 5.8 million barrels as of Tuesday morning.
Oil price declines, however, have been limited by the possibility of further Middle East supply disruptions.
Saudi Arabia’s airports in Jazan and Najran were targeted in two attacks on Monday evening, injuring three people and causing limited damage, the Saudi aviation authority said, as hostilities between the kingdom and Yemen’s Iran-backed Houthis escalated.
The attacks occurred as Saudi-backed Yemeni government forces pressed a major offensive to retake territory from the Houthis, after weeks of rebel advances, with Riyadh stepping up airstrikes in support of the campaign.
Separately, President Volodymyr Zelenskiy of Ukraine said on Tuesday that the latest intelligence suggested Russia was preparing a “massive attack.”
Russia was the world’s third-biggest crude oil producer behind the US and Saudi Arabia in 2025, according to US energy data. Sanctions designed to keep Russian energy out of global markets have helped support oil prices since Russia invaded Ukraine in 2022. A deal to end the Russia-Ukraine war could allow Russia to export more energy.
In the US, meanwhile, the National Hurricane Center said there was a 100% chance a cyclone could form over the next seven days in the Gulf of Mexico. A storm in the US Gulf could boost oil prices by shutting oil and natural gas production and damaging other energy infrastructure.
OIL STOCKS AROUND THE WORLD
The International Energy Agency will meet next week to work out the details of a diesel stock release as market confusion grows over how many barrels Europe and the US plan to make available to address shortages and record-high prices, sources said.
The surge in diesel prices has turned the fuel, which underpins trucking, agriculture and industry, into a global political and economic concern. The wars in Iran and Ukraine have curtailed exports and damaged refineries, helping drive the rise in prices.
Under pressure from US President Donald Trump, the Group of Seven major economies agreed on Friday to release 100 million barrels of diesel and crude oil from emergency reserves and pledged to refrain from imposing energy export restrictions.
With the war in Iran disrupting the flow of Middle East oil supplies, the US Energy Information Administration projected on Tuesday that world petroleum production would drop from a record 106.3 million bpd in 2025 to 101.1 million bpd in 2026, and world oil demand will drop from a record 104.4 million bpd in 2025 to 102.4 million bpd in 2026.
In 2027, however, EIA projected world oil supply and demand would rise back to record highs of 109.6 million bpd of production and 104.6 million bpd of consumption.
In the US, meanwhile, the oil market was watching for weekly storage reports from the American Petroleum Institute trade group on Tuesday and the EIA on Wednesday.
Analysts estimated energy firms added 1.7 million barrels of crude to US storage during the week ended October 2.
If correct, it would mark the first time since August that crude stocks increased for three weeks in a row and compare with an increase of 3.7 million barrels in the same week last year and an average increase of 1.7 million barrels over the past five years (2021 to 2025). [EIA/S] [API/S]
Reporting by Scott DiSavino in New York and Alex Lawler in London; Additional reporting by Sumit Saha in Bengaluru and Emily Chow in Singapore; Editing by Joe Bavier, Paul Simao, Susan Fenton and Cynthia Osterman
Police fired tear gas and water cannons to disperse violent groups on the fringes of marches in Paris, Strasbourg, Rennes and Toulouse, among other cities
French CRS riot police stand in position near garbage bins and object set on fire amid clashes with protesters during a demonstration by high school and university students, supported by teachers’ union and school parents, in Paris as part of a nationwide day of protests and blockades, voicing anger over overcrowded classrooms, teacher shortages and dilapidated school buildings, which students blame on years of underinvestment, France, October 6, 2026. REUTERS/Abdul Saboor
International News via Reuters:
Demonstrations swept across France on Tuesday as teachers and parents took to the streets with high school pupils on the biggest day of what Prime Minister Sebastien Lecornu described as the most violent student demonstrations in decades.
Police fired tear gas and water cannons to disperse violent groups on the fringes of marches in Paris, Strasbourg, Rennes and Toulouse, among other cities. The marches drew more than 250,000 people in dozens of cities, the interior ministry said, though organisers said 450,000 had participated.
The protests, in which a teenager lost a hand on Monday, were the latest manifestation of public anger in a country where support for populist parties on the far right and far left has surged ahead of a presidential election in the spring.
The government is under pressure to tame public debt amid weak growth, and has struggled with basic tasks such as passing a budget since President Emmanuel Macron’s allies lost their majority in a 2024 parliamentary vote.
Lecornu told lawmakers at least 215 teenagers and 85 school staff had so far been injured in clashes, “the heaviest toll in decades paid by the school system”. His office said more than 700 police officers were also hurt.
Macron has convened Lecornu and other senior ministers at an emergency meeting on Tuesday, broadcaster BFM reported.
US President Donald Trump said the protests were evidence of “out of control” migration in France. “This isn’t about schools, this is about Islam wanting to take over a once great Country,” he posted on Truth Social.
The students’ demands do not concern religion or immigration, but focus instead on understaffing and lack of funding. Marine Le Pen’s far-right National Rally party has not linked the protests to France’s migration policy. Lecornu’s office did not respond to a request for comment.
In Marseille and Nantes, protesters held up handmade signs bearing phrases such as “The state has killed national education”. In Toulouse, parents linked arms at the front of a march through the city.
Paris police said clashes in the capital resulted from some 300 people, most hooded or masked, facing off against security forces, and that the protest generally unfolded without major incident elsewhere. Several storefronts were damaged.
The Interior Ministry said 488 people had been arrested and 48 security personnel were injured on Tuesday.
MAINTENANCE COMPLAINTS
The student protests began in September in the deprived suburbs of Paris before spreading nationwide.
Students complain about schools facing basic maintenance problems, from water leaks to rat infestations.
“There is such a gap between the elites and us,” said Hugo Vetzel, a recent high-school graduate in Strasbourg.
The High School Students Union said more than half of France’s high schools were blockaded or had closed for the day. Some local education authorities have tried to move classes online.
Rights groups, students and parent groups have accused authorities of using disproportionate force against minors. The government says the protest movement has been hijacked by outsiders and in some places deteriorated into urban violence.
More than 1,800 people are being prosecuted for unspecified crimes, including 1,483 minors, the justice ministry said on Monday.
“They want to divide the young people into good and bad protesters,” said Omar Slaouti, a high-school teacher in Argenteuil, a northwestern suburb of Paris. “If there were no trash cans on fire, the government would not have stepped back and become aware of the issues at stake.”
PRIME MINISTER PROMISES A RESPONSE
Lecornu has ordered his ministers to tackle the students’ leading demands. Those include ensuring absent teachers are replaced, reviewing the length of the 8 a.m. to 6 p.m. school day and the need for longer lunch breaks.
The government will also look at repairs needed to ageing school buildings, said Lecornu, who demanded ministers send in their first proposals by the end of October.
Parent Emilie Lhomme said at a protest outside the Helene Boucher school in Paris that the government’s words were not enough: “That’s all fine and dandy, but that’s not what’s going to change the daily lives of our children,” she said.
Finding spare cash to implement educational reforms will be difficult.
The government is under pressure to try to narrow a ballooning budget deficit as investor concerns about France’s growing debt, weak growth and reluctance to rein in spending push the cost of borrowing higher. The yield on France’s 10-year bonds briefly hit a 24-year high of over 5% last week.
The surge in French borrowing costs has started to spill into the broader euro area, with the sliding euro currency the latest alarm bell for policy makers. Finance Minister Roland Lescure said on Tuesday there was no need for the European Central Bank to step in.
Le Pen, the far-right euro-sceptic populist leading the presidential race ahead of next spring’s election, set out plans to slash public spending if elected, seeking to establish her fiscal credibility as the bond market crisis deepens.
French spending on education has lagged inflation and the country’s students are trailing their OECD peers in overall performance, data from the PISA 2025 assessment shows.
Reporting by Tilman Blasshofer in Strasbourg, Cecile Mantovani in Lyon, Lucien Libert, Juliette Jabkhiro, Elizabeth Pineau and Dominique Vidalon in Paris, Layli Foroudi in Argenteuil, Inti Landauro and Sudip Kar-Gupta in Brussels, and Dimitri Rhodes in Gdansk; Writing by Richard Lough and Makini Brice; Editing by Andrew Heavens, Peter Graff, Aidan Lewis
Ofcom said its investigation would establish whether Meta carried out a “suitable and sufficient” assessment of the risks of illegal content on the feature and any risks posed to children before its launch
Instagram app icon is seen on a smartphone in this illustration taken October 27, 2025. REUTERS/Dado Ruvic/Illustration
International News via Reuters:
Britain’s communications regulator opened its first formal investigation into Meta under the Online Safety Act on Tuesday, questioning whether it properly assessed risks posed by its Instagram Instants feature before launching it in May.
Instants allows content shared by users on Instagram to disappear after being viewed.
Ofcom said its investigation would establish whether Meta carried out a “suitable and sufficient” assessment of the risks of illegal content on the feature and any risks posed to children before its launch.
George Lusty, director of enforcement at Ofcom, said: “Our online safety laws are clear — significant changes to platforms must be risk assessed before they’re launched.”
Safety by design had to be built in and not bolted on, he said. “Today’s investigation shows we’ll take action where we have concerns that providers are failing to comply,” he said.
Meta said it took its regulatory obligations under the Online Safety Act seriously.
“We conducted a risk analysis and briefed Ofcom about this feature on a number of occasions before launching it,” a spokesperson said.
“Instants has in-built protections, including blocking screenshots, reshares and forwarding, no public feed, and Teen Account protections on automatically.”
“We will of course co-operate with Ofcom during this investigation,” the spokesperson said.
Ofcom’s first investigation under the Online Safety Act was into an online suicide discussion forum last year, followed by probes into pornography sites, file-sharing services used to distribute child sexual abuse material, and platforms such as 4chan.
Britain’s online safety regime sets obligations for social media platforms, search engines and adult content providers to tackle illegal content and to protect children’s safety.
Ofcom requires companies to conduct risk assessments and implement safety measures, such as age verification.
If a company fails to comply, Ofcom can impose fines of up to £18 million or 10% of qualifying worldwide revenue, whichever is greater.
Meta has launched legal challenges against Ofcom over its implementation of the act, including the scale and scope of information it has to provide to the regulator and the level of fees Ofcom charges.
In January, Ofcom launched an investigation into Meta over the provision of information about its WhatsApp Business product under a separate Communications Act.
Reporting by Raechel Thankam Job in Bengaluru and Paul Sandle in London; Editing by Mrigank Dhaniwala, Sarah Young and Tomasz Janowski
Counter Terrorism Policing said the man was arrested in Westminster and officers had searched a property in the same area
FILE PHOTO: Armed police officers stand guard on a road outside the perimeter of the RAF Fairford airbase, after police declared a major incident at the base after several men were arrested on suspicion of offences under the Explosives Act, in Fairford, Gloucestershire, Britain, September 28, 2026. REUTERS/Toby Shepheard/File Photo
International News via Reuters:
British police said on Tuesday they had arrested a 22-year old British man in London on suspicion of preparation of terrorist acts as part of their investigation into a suspected plot near RAF Fairford, the airbase used by the US to strike Iran.
Counter Terrorism Policing said the man was arrested in Westminster and officers had searched a property in the same area. He remains in custody.
The arrest is the latest in an investigation that has drawn international attention after US President Donald Trump said a threat linked to Iran had subsequently prompted the removal of American B-1 bombers from the base. Iran has denied any involvement in any alleged plot.
“This remains a live investigation and our specialist teams continue to pursue multiple lines of enquiry into the circumstances surrounding events near RAF Fairford,” Senior National Coordinator for Counter Terrorism Policing Vicki Evans said on Tuesday.
Six men in their 20s, arrested previously in connection with the investigation, including a dual British-Iranian national arrested on October 1, remain on police bail.
Reporting by Sam Tabahriti and Sarah Young; Editing by Kate Holton
Sanchez said on Monday he was bringing forward an election previously scheduled for 2027 because failing to garner enough support for his proposals to address a housing crisis made him realise he needed more seats in parliament
Spain’s Prime Minister Pedro Sanchez attends a press conference after cabinet meeting at Moncloa Palace, in Madrid, Spain, October 6, 2026. REUTERS/Juan Medina
International News via Reuters:
Spain’s government on Tuesday approved two housing decrees whose rejection by parliament last week prompted Prime Minister Pedro Sanchez to call a snap election.
The measures, which include rent caps, a temporary ban on evictions and limits on corporate purchases of residential property, were “based on plain common sense”, Sanchez said in a press conference, arguing that opinion surveys showed the public was broadly in favour of intervention in the property market.
“They protect the most vulnerable and, in some way, begin to bring order to what is currently a deeply dysfunctional market that does not operate according to the logic of supply and demand because of rampant speculation,” he said.
Sanchez said on Monday he was bringing forward an election previously scheduled for 2027 because failing to garner enough support for his proposals to address a housing crisis made him realise he needed more seats in parliament.
Calling the election, on November 29, has allowed Sanchez to bring in the new rules with the support of a smaller caretaker body.
The measures will come into effect temporarily when the decree is published in the official state gazette but must then be sent for approval by the caretaker lawmakers who remain in place after parliament was dissolved, Sanchez said.
The standing body of 69 members, when including lower house speaker Francina Armengol from Sanchez’s Socialist Party, has a slim majority in favour of the measures, according to state broadcaster TVE.
A second decree proposing the automatic renewal of rental contracts would only come into effect if approved by the reduced legislature since the government did not have a majority to validate it, Sanchez said.
The interventionist measures will only serve to drive away the investment needed to increase supply, said Carolina Roca, president of the Association of Property Developers of Madrid.
“The legal uncertainty inherent in both decrees will result in a sharp slowdown in the limited investment secured to date in the construction of affordable housing,” she said.
The attempted eviction of an 87-year-old woman in Madrid triggered nationwide protests including calls for a general strike before the election, which Sanchez said his government would respect.
Reporting by Charlie Devereux, Victoria Waldersee and Mireia Merino; Additional reporting by Corina Pons; Editing by Andrei Khalip, Timothy Heritage and Alison Williams
Warwick Academy and Whitney Institute lifted the silverware after a dramatic afternoon of middle school hockey in Bermuda.
Warwick Academy White captured the girls’ championship with a clinical 2-0 win over Somersfield Academy. Following a cagey, scoreless first period, second-half goals from Guadalope Pena and Sianna Seth unlocked a stubborn Somersfield defence to seal the title.
Warwick White had previously survived a high-stakes 2-1 semi-final against Warwick Academy Blue, courtesy of strikes from Pena and Aria Samuels. Somersfield Green reached the final by sweeping past Saltus Grammar 2-0 with goals from Keira Wheeler and Charlotte Henderson.
In the boys’ competition, Whitney Institute stormed to the title with an unblemished 5-0 record in the round-robin stage.
Their defining moment came in the penultimate clash, edging their closest unbeaten rivals 2-1 thanks to decisive finishes from Cyme Dowling and Julian Simmons. Sharp-shooter Tikobi Robinson headlined Whitney’s dominant run, racking up an impressive six goals in five matches.
Futures pointed to a record-high open for the S&P 500 for the first time since mid-August, while the tech-heavy Nasdaq was on track for a third consecutive all-time high
International News via Reuters:
World stocks scaled two-week highs on Tuesday as easing oil prices and bond yields helped steady sentiment, while investors looked ahead to an earnings season expected to be powered by continued AI-driven growth.
Futures pointed to a record-high open for the S&P 500 for the first time since mid-August, while the tech-heavy Nasdaq was on track for a third consecutive all-time high. The pan-European STOXX 600 firmed 0.6%.
MSCI’s gauge of stocks across the globe rose 0.2%.
Bond markets found some respite on Tuesday after France’s unpopular budget triggered a French debt rout and fuelled fears of broader stress across the euro zone.
The euro rose 0.2% to 1.1239, stabilising after hitting a 17-month low in the previous session due to concerns about the euro zone’s fiscal outlook. Political uncertainty also deepened after Spain called a snap election on Monday.
France’s 10-year bond yield fell 15.3 basis points to 4.708% after surging to its highest since the 2000s last week. Far-right leader Marine Le Pen, the frontrunner in next spring’s presidential election, increased her plans to slash spending if elected in 2027.
“On the one hand you’ve got quite material pressure being felt on the government bond side. But elsewhere the corporate side of things actually don’t look too bad. You’ve got companies whose earnings remain very robust. We’re getting into the earnings season fairly soon, expectations for that are pretty high,” said James Klempster, deputy head of multi-asset at Liontrust in London.
With few major catalysts on this week’s calendar, investors are increasingly focused on third-quarter earnings, which begin in earnest next week. Goldman Sachs estimates consensus forecasts imply 27% growth in S&P 500 earnings, with more than half that coming from companies benefiting from AI infrastructure spending.
Nvidia, the world’s most valuable company and a bellwether for the AI trade, rose 1% in premarket trading, putting it on track for a market value of about $5.8 trillion. Other megacap tech companies including Meta Platforms and Alphabet also rose about 0.5%.
Brent crude fell 2% to $97.96 a barrel after dropping 1.9% overnight as resilient Middle East crude exports and a G7 emergency stockpile release eased supply concerns, though ongoing security risks in the region limited losses.
BOND WORRIES LINGER
The dollar weakened broadly against most major currencies, reversing some recent advances as investors pared back their bets on US interest rate hikes following a soft US jobs report and policymakers’ calls for more evidence before further tightening.
The dollar index fell 0.35% to 101.80 after rising 3% over the past month.
Traders scaled back expectations of a Federal Reserve rate increase this month to 22% from about 50% a week earlier.
Long-dated US Treasury yields also eased after touching fresh 24-year highs on Monday amid a persistent selloff since late August on inflation and debt concerns. The 10-year yield fell 3 bps to 5.2815%, while the 30-year yield dropped 2.8 bps to 5.6356%.
Attention remained fixed on France’s fiscal outlook.
The premium investors demand to hold 10-year French bonds, known as OATs, over safer German debt, known as Bunds, narrowed to 125 bps after widening last week to 158.67 bps, its highest level since the euro zone debt crisis in 2011. France’s Finance Minister Roland Lescure said market turbulence had not reached a level warranting ECB intervention.
German 10-year bond yields, the euro zone benchmark, dropped 4.6 bps to 3.45%.
“Absent a credible catalyst, OAT-Bund spreads are likely to remain in the 130-150 bp range, while partial progress to reduce political uncertainty could bring them towards 120-130 bp,” ABN AMRO’s senior rates strategist Larissa de Barros Fritz said in a note.
Spot gold rose 0.8% to $4,172.97 an ounce. [GOL/]
Reporting by Stella Qiu, Tom Westbrook and Medha SinghEditing by Thomas Derpinghaus, Mark Potter, Peter Graff
AMD, Nvidia’s closest rival in AI graphics processors, has been rapidly expanding its AI chip business, with its market value recently topping $1 trillion amid an AI-driven rally
FILE PHOTO: The logo of semiconductor company Advanced Micro Devices (AMD) is displayed over a booth at the Web Summit digital trade show in Vancouver, British Columbia, Canada, May 12, 2026. REUTERS/Chris Helgren/File Photo
International News via Reuters:
AMD plans to substantially increase chip supply in 2027 as the US chipmaker races to meet booming demand from artificial intelligence, CEO Lisa Su said on Tuesday.
AMD, Nvidia’s closest rival in AI graphics processors, has been rapidly expanding its AI chip business, with its market value recently topping $1 trillion amid an AI-driven rally.
“We’ve been able to increase our supply as we’ve gone through 2026, and we’re going to substantially increase our supply in 2027,” Su told reporters in Taipei.
Su said one purpose of her Taiwan visit was to ensure AMD’s supply chain could ramp up CPU and GPU production to meet growing AI demand. She has met Foxconn and is due to meet TSMC as part of discussions with local partners.
AMD is also working closely with memory chipmakers to secure sufficient supplies, Su said, ahead of a visit to South Korea later on Tuesday. South Korea is home to memory giants Samsung and SK Hynix.
Asked whether TSMC had discussed a potential investment in Texas with AMD, Su did not answer directly, but said the company would need additional advanced wafer capacity to meet strong demand.
“There’s very, very high demand for the next several years. We can see very high demand, and so we need more advanced wafer capacity,” Su said, adding that AMD was now planning three to five years ahead.
Reuters reported last week that TSMC is evaluating potential investment in Texas.
Su also said AI could be “incredibly good for the world” but warned companies must remain mindful of risks and work together on AI safety.
She said coordination among leading technology companies would be important as AI and superintelligence advance, describing last week’s AI summit between US President Donald Trump and technology executives as an important step.
Companies attending the meeting agreed to work with “independent auditors” to assess whether AI systems are operating as intended by their designers, according to a copy of the agreement posted by Trump on his social media platform.
Reporting by Wen-Yee Lee. Editing by Miyoung Kim and Mark Potter
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