US, Israel Insist Iran Ceasefire Doesn't Apply In Lebanon, Which Suffers Huge Airstrikes

Houthis Unleash Large Missile, Drone Barrage On Saudi Arabia, Target Riyadh Airport & Aramco Facility Summary Saudi-backed forces launch major counteroffensive with roughly 100 Saudi fighter jets supporting attacks along the Red Sea coast. Mocha's status remains disputed: Government forces claim to have retaken the strategic port, while Houthis deny the loss. Houthis announce major missile & drone attack on Saudi territory, including against international airport in Riyadh. Houthi fighters reportedly seize homes of senior government figures, including Parliament Speaker Sultan al-Barakani's mansion. Bab el-Mandeb is increasingly at risk, raising concerns for Red Sea shipping...

Key Events This Week: CPI, PPI, Fed Speakers Galore And The End Of Earnings Season Having dispensed with the October jobs report, which came in red hot and above all Wall Street estimates, yet the market seems rather unfazed by the prospect of more rate hikes, we now move on from payrolls to US inflation as the main macro focus this week, with October CPI tomorrow and PPI on Friday, alongside a busy slate of Fed speakers. As DB's Jim Reid notes, beyond the US, the key releases include China’s...

Ukraine Defies Vance Warning With Massive Strike On Russia's Key Black Sea Port, Shuttering Grain Terminals Did President Zelensky and the Ukrainian armed forces not listen to US Vice President JD Vance's warnings and request after all? On Wednesday a "massive" Ukrainian drone and missile strike was unleashed on Russia's port city of Novorossiysk, which badly damaged grain export terminals at what also constitutes the the last major Russian naval base on the Black Sea. via Retuers Three were killed, including an eight-year-old child, and also 24 people were injured in the Wednesday nighttime...