Stocks

• Brazil Stocks Lure Record $2 Billion Inflow on Election Surprise
  Foreign investors poured a record net 10.06 billion reais ($2.01 billion) into Brazilian stocks listed in Sao Paulo on Oct. 5, the highest single-day inflow on record, amid increased hopes that opposition presidential candidate Flávio Bolsonaro would address the country’s mounting fiscal problems and pave the way for interest-rate cuts if he is elected. The data was released by Brazilian exchange B3 SA on Wednesday.
• European Bank Stocks Sink Toward Lowest Since July as Bonds Fall
  A selloff in shares of European banks resumed on Wednesday, with the likes of Societe Generale SA and Deutsche Bank AG tumbling more than 5%, as mounting fears over political turmoil sent bond yields higher.
• EM Assets Halt Advance as Hormuz Concerns Weigh on Risk Appetite
  Emerging-market stocks and currencies edged lower on Wednesday, halting their weekly advance, after a flare-up of attacks in the Strait of Hormuz pushed oil prices, US yields and the dollar higher.
• PepsiCo, Reliance Get Court Relief in Fight With Food Regulator
  PepsiCo Inc., Reliance Consumer Products Ltd. and Monster Beverage Corp. got temporary relief from a local court Tuesday to sell existing stocks of products labeled ‘energy drink’ in a setback to the food regulator’s crackdown against misleading marketing.
• EU States Expect Oil Release Will Just Enact Prior Pledges
  European Union countries are in broad agreement that a Group of Seven deal announced last week for an emergency release of as much as 100 million barrels of diesel and crude stocks will in fact just enact previous commitments rather than requiring additional volumes.
• Japan Index to Slash Hundreds of Stocks to Lure Investors
  Japan Exchange Group Inc. unveiled the biggest-ever reshuffle of the Topix on Wednesday, a revamp that shrinks one of Asia’s broadest major equity benchmarks and intensifies pressure on Japanese companies to boost their market appeal.
• Copper Steadies as AI-Driven Tech Stock Rally Stalls Near Record
  Copper steadied as a rally in tech-related stocks stalled following a surge driven by optimism about the artificial-intelligence boom.
• RBA Frets Potential AI Stock Slump Could Hit Australian Spending
  Australian households have significant exposure to artificial-intelligence stocks, leaving consumer spending and the broader economy vulnerable to a sharp correction, according to internal Reserve Bank documents.
• IEA to Meet Wednesday to Discuss Diesel, Crude Stocks Release
  The International Energy Agency is due to have talks Wednesday on plans for an emergency release of as much as 100 million barrels of diesel and crude inventories pledged by G7 leaders last week, according to people familiar with the matter.
• Paulsen Sees a 15% S&P 500 Drop as Oil, Rates and Dollar Rise
  The higher the wall of worry, the faster US stocks have climbed it, clocking its first record since August on Tuesday. But to Jim Paulsen, the cumulative pressure from $100 oil prices, 5% Treasury yields and an elevated dollar is yet to be felt in a major way.
• Emerging Markets Gain as Oil Drop, Brazil Vote Boost Sentiment
  Emerging-market stocks and currencies rose Tuesday as Treasury yields and oil prices eased, while Brazilian assets remain in favor after a conservative sweep in the first round of the presidential election.