18 October 2026

Assets

• Cross-assetMarkets spent the week digesting a simultaneous shock in bonds, oil, and AI equities — and the published research is split on what breaks next.
• GoldGold spent the week caught between a stiff near-term headwind and an intact long-term bull case.
• SilverSilver this week: a genuine split in published views, with no clean consensus.
• PlatinumPlatinum drew consistently bullish research commentary across the week, with three distinct angles converging on higher prices.
• CopperCopper's bullish case firmed up this week, with supply shocks, structural demand, and bold price targets all converging.
• OilOil stayed the dominant macro story this week, with researchers almost unanimous that Brent is "sticky and elevated" as long as Middle East risk persists.
• Natural gasNatural gas split sharply along regional lines this week — Europe and Asia screamed higher, US Henry Hub stayed heavy.
• BitcoinBitcoin's week captured the asset's split personality: long-term conviction, short-term fragility.
• US equitiesRotation out of tech and into value was the dominant equity story of the week.
• European equitiesEuropean equities ended the week on firmer footing, with researchers highlighting a broadening Eurozone recovery even as the AI trade wobbled midweek.
• US bondsPublished research this week leaned toward higher US yields and another Fed hike before year-end, even as a tech-led risk-off bid gave Treasuries a short-term reprieve.
• EU bondsFrance's fiscal fragility was the dominant theme in European bond research this week, with analysts broadly flagging that OAT-Bund spreads near 140bp may be the new normal rather than a passing wobble.
• EUR/USDEuro bulls found a late-week pulse after days of pile-on bearishness.