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WORLD

• Dan Ivascyn from Pimco warns of rising US bond yields. The investment chief estimates the yield on a US 10-year bond could reach 6 percent, leading to weakening stocks and corporate bonds at levels of 5.5 percent and above.
• The Kremlin claims Putin handed Trump a proposal to end the war with Iran. The White House has not confirmed this information and the content of the proposal remains unknown, while Zelenskyy criticizes the Russian oil deal.
• Satya Nadella calls for human oversight of AI. The Microsoft CEO proposes surrounding artificial intelligence models with human checks and industry standards, while Trump dismisses the risk of extinction.
• Vance accuses Microsoft of replacing laid-off Americans with foreigners. The Department of Labor has suspended eight firms in the PERM program, but H-1B visa data only partially confirms this thesis.

EUROPE

• Germany rejected Ireland’s EU budget proposal. Berlin deemed the proposal insufficient and a quick breakthrough in negotiations is unlikely, according to DPA.
• Sales of used Chinese cars in the Czech Republic have doubled. From January to September 2026, sales increased to 5121 units, but Chinese brands still represent less than 1 percent of the total market.
• Germany will propose a candidate for the ECB council, but will not compete for the presidency. Berlin wants to fill the position after Isabel Schnabel with its own candidate, but does not plan to compete for the presidency of the bank.

SLOVAKIA

• The government approved a budget proposal with a deficit of 4.94 percent of GDP. The deficit amounts to 7.443 billion euros and the proposal will go to parliament, while the Fiscal Council claims that the growth of debt will not stop and is not in accordance with the constitutional law.

STOCKS

• French bond yields narrowly below 5 percent in response to protests. The 10-year French government bond reached its highest level since July 2002, influenced by political uncertainty, student protests and pressure on public finances.
• CFTC wants event contracts as swaps, court denied its authority over Kalshi. The Commission proposed their classification as swaps and exclusion from gambling assets, but the Sixth Circuit Court of Appeals denied its jurisdiction over Kalshi’s sports contracts.

CRYPTO

• French commission approved crypto taxes, but rejected the revenue part of the budget. It supported the tax on exchange for stablecoins, exit tax and transfer of losses, but rejected the entire revenue part of the budget by a ratio of 31 to 3.
• Meanwhile insurer in bitcoin raised 37.5 million USD. The Bermudan company secured investments from Bain Capital Crypto, growth is pulling demand from wealthy families outside the USA, but did not disclose the absolute value of revenue.

Translated from the Slovak original and checked automatically: every figure must match the source, or this version is not published.