The tweet was deleted by the author.
But we saved everything 🙂.
Drones in Munich and Hungary record LNG deal: Market reaction to day key events
On October 2, the global agenda focused on the suspension of flights at Munich Airport due to drones, Hungary’s largest-ever LNG contract with France’s Engie, the resumption of direct flights between India and China, and Europe’s plans to curb Russia’s “shadow fleet.”
Top stories of the day
Drones paralyze Munich Airport. Late on October 2, Germany’s air traffic control service DFS restricted flights and then fully suspended them after drones were detected in the airspace. As a result, 17 flights were unable to depart from Munich, affecting around 3,000 passengers. In recent months, unidentified drones have increasingly disrupted operations at European airports.
Hungary’s energy deal. Hungary signed the largest LNG contract in its history with French energy company Engie. The agreement provides for the purchase of 400 million cubic meters of gas annually for ten years, starting in 2028. The deal complements August’s agreement with Shell, and according to Foreign Minister Péter Szijjártó, will become a “pillar of the country’s energy security.”
India–China flights resume. After a five-year break, New Delhi and Beijing agreed to restore direct air services. Starting October 26, IndiGo will launch a daily route between Kolkata and Guangzhou, with a Delhi–Guangzhou route planned shortly afterward. The resumption of flights comes as part of a thaw in relations following trade negotiations between the two countries.
Europe against the “shadow fleet.” French President Emmanuel Macron announced that EU countries are preparing an action plan to block Russian “shadow fleet” vessels from entering European waters. He added that in the coming days, European chiefs of staff, in coordination with NATO, will meet to agree on joint measures.
Market reaction
Wall Street. The three major U.S. indexes closed at record highs despite the government shutdown. The S&P 500 rose to 6,715 points, the Dow Jones reached 46,519, and the Nasdaq Composite climbed to 22,844, hitting fresh intraday records. Nvidia once again led the rally, with its shares also reaching an all-time high.
Asia. Asian indexes posted solid gains as investors bet on imminent monetary easing by the Federal Reserve. Markets in the region largely shrugged off the U.S. shutdown, focusing instead on potential rate cuts and global growth prospects.
Oil. After four straight sessions of declines, Brent and WTI edged higher to $64.3 and $60.6 per barrel, respectively. Still, the week may turn out to be the worst since June, as markets weigh the risk of further OPEC+ production increases amid ongoing oversupply.
Gold. Gold is heading for a seventh consecutive weekly gain, up 2% for the week and hitting a record $3,896 an ounce. On Friday, the price eased to $3,844 as the dollar firmed, but expectations of Fed rate cuts and the U.S. shutdown continue to support safe-haven demand.
Cryptocurrencies. Bitcoin surpassed $120,000 for the first time since August, gaining more than 2% for the week. Data from Glassnode and CryptoQuant showed declining selling pressure from long-term holders and fading speculative activity, building a base for a new accumulation phase. Analysts note that holding above $120,000 could signal the next major rally.
As a reminder, on October 1 the global agenda centered on the U.S. budget crisis, new G7 sanctions against Russia, AOL sale talks, the European Commission’s steel initiative, OpenAI’s record funding round, and other market-moving events.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Subscribe to TU news
Did you like the article?
Latest Business News
Weekly Top Bonuses
Top News
Top 5 companies for you
United States
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
Live News
