Breakfast News Recap: Ukraine, Gaza and US midterms dominate as markets turn risk off

Russia launched heavy overnight strikes across Ukraine after a rare local ceasefire in the southern Kherson region ended, Ukrainian authorities said, adding to a day of renewed pressure on the country.  🔗

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In the Zaporizhzhia region, at least 26 people have now been confirmed killed after Russian aerial bombs hit an aid distribution centre and a nearby shelter in Komyshuvakha, while the UN World Food Programme said it is providing emergency food assistance to more than 400 people who managed to leave the Russian occupied city of Oleshky.  🔗 🔗

In the Middle East, US officials said American forces carried out defensive strikes against Iranian targets in the Strait of Hormuz after Iranian surface to air missiles were used, even as Tehran said it had condensed its ceasefire proposal with Washington and could begin implementing it within two days through mediators.  🔗 🔗

Israel also kept up military pressure elsewhere, with strikes across Gaza killing five Palestinians in Khan Younis, al Musaddar and Gaza City, while Palestinians in the occupied West Bank and Gaza faced fresh closures and violence as Israel's inconclusive election entered another week of political manoeuvring.  🔗 🔗

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In the United States, voters went to the polls in the midterm elections with control of the House and Senate at stake, and the contest being cast as a verdict on Donald Trump's second presidency. Trump warned the vote was the most important in his lifetime, while the Supreme Court rejected a last minute bid to stop California counting disputed ballots.  🔗 🔗 🔗 🔗

Elsewhere in Washington, the International Criminal Court accused the Trump administration of trying to obstruct international justice after the United States expanded sanctions against it, and Trump separately moved to remove South Africa and Rwanda from the Agoa trade programme.  🔗 🔗

Across Africa, the Ebola outbreak in the Democratic Republic of the Congo has now killed 5,376 people, according to data cited by the Africa Centres for Disease Control, while Human Rights Watch warned of an intensifying post election crackdown in Zambia on opposition figures, journalists, lawyers and government critics.  🔗 🔗

In Europe and the wider region, drone strikes hit three electricity substations in Sudan, causing widespread power outages, Germany's IG Metall expanded strike action across the metal and electrical engineering sector, and a cyber attack disrupted freezer systems in dozens of supermarkets across several European countries.  🔗 🔗 🔗

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In Asia and the Pacific, North Korea denied involvement in the reported Binance hack as it also carried out a missile launch, the Asian Football Confederation postponed the 2027 Asian Cup in Saudi Arabia until December because of regional security concerns, and Papua New Guinea police began investigating a large artillery projectile found in a shipping container at Port Moresby wharf.  🔗 🔗 🔗 🔗

Britain and France are leading the first major exercise of the Multinational Force Ukraine in Poland from November 9 to 22, as planning for a possible future deployment takes shape, while Israel's opposition leaders are due to meet in Herzliya after last week's election produced no outright winner.  🔗 🔗

Financial glimpse

Wall Street closed lower, with the Nasdaq Composite, S and P 500 and Dow all under pressure as tech and AI linked shares sold off, even as banks and defence stocks held up.  🔗

Asia Pacific was mixed, with Tokyo opening lower and later closing slightly down, while Hong Kong's Hang Seng outperformed and Australia and Seoul posted modest gains. Commodities were weaker, with oil and precious metals sliding.  🔗 🔗

Europe opened firmer, led by the CAC 40 and DAX, as Brent crude and precious metals fell sharply and risk appetite improved.  🔗

Sources in this recap

360LiveNews Recap 360LiveNews Recap | 03 Nov 2026 08:52 LONDON
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