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
- 🔗 Russia launches heavy strikes on Ukraine after local ceasefire ends
- 🔗 US strikes Iran's Qeshm Island as talks continue over Strait of Hormuz tensions
- 🔗 Russian bombing of aid centre in Ukraine's Zaporizhzhia region kills at least 26
- 🔗 Ebola outbreak in DR Congo tops 5,300 deaths as cases spread across borders
- 🔗 Americans vote in US midterm elections as control of Congress hangs in the balance
- 🔗 Israeli strikes kill five in Gaza across Khan Younis, al-Musaddar and Gaza City
- 🔗 Iran accelerates ceasefire talks with US via mediators as two-day plan emerges
- 🔗 Drone strikes hit Sudan electricity substations as outage campaign widens
- 🔗 Palestinians face West Bank closures and Gaza killings as Israeli election deadlock deepens
- 🔗 US petrol prices dip ahead of midterms as voters eye costs
- 🔗 North Korea rebuts Binance hack allegations amid missile launch
- 🔗 US midterms set to deliver verdict on Trump presidency
- 🔗 ICC accuses Trump administration of obstructing international justice amid US sanctions
- 🔗 Asian Cup 2027 in Saudi Arabia postponed until December amid regional security concerns
- 🔗 US Supreme Court rejects Trump bid to block California ballot count on eve of midterms
- 🔗 Trump moves to remove South Africa and Rwanda from Agoa trade programme
- 🔗 HRW warns of post-election crackdown in Zambia after disputed August vote
- 🔗 North Korea denies role in Binance heist as withdrawals surge
- 🔗 Papua New Guinea police investigate artillery projectile found at Port Moresby wharf
- 🔗 Israel coalition talks shift as Netanyahu presses for broad government
- 🔗 Britain and France lead Poland exercise rehearsing Ukraine deployment as details firm up
- 🔗 Trump warns midterms are the most important in his lifetime as Republicans face polling headwinds
- 🔗 IG Metall expands strike wave across German industry over pay dispute
- 🔗 Cyber-attack disables supermarket freezers across several European countries
- 🔗 US urges Venezuela to continue phased democratic transition plan after Rubio-Blanco meeting
- 🔗 WFP gives emergency food aid to more than 400 Oleshky evacuees in Ukraine
#Ukraine #USmidterms #MiddleEast #markets #Africa #breakingrecap #recapbreakfast


