International markets update:
Global markets face a cautious start to October, marked by persistent bond market jitters and concerns over elevated inflation, despite crude oil flows returning to prewar levels.
- Crude flows through the Strait of Hormuz have returned to prewar levels, averaging 13.5 million barrels per day, yet refined product supplies remain constrained, driving record diesel prices.
- U.S. President Trump is considering a ban on diesel exports to combat record high pump prices, while both Brent and WTI crude traded lower in early Thursday trading.
- Treasury yields remain elevated despite a softer U.S. inflation reading, with a Federal Reserve official emphasizing that inflation is still too high.
- Google unveiled Gemini 4 Argon, its most advanced AI model featuring coding and cybersecurity, with a phased launch plan.
- Meta stock experienced its best month since 2022, jumping nearly 30% in September following investor enthusiasm for its Muse personal AI agent.
Stock Market News summarised for the Wall Street Investors Club community.