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👋Good morning and happy Monday! It's Columbus Day in the US (or Indigenous Peoples' Day, depending on which bit of Massachusetts you happen to be standing in), which means American banks are shut, the mail isn't moving and Wall Street is only half awake. Stocks trade as normal, but the bond market has taken the day off, like that one colleague who books annual leave the second the quarter gets interesting. Honestly? Fair enough. The weekend served up enough drama to fill a week: billionaires squaring up over the world's biggest untapped markets, governments throwing their weight around on trade, the press and war, and a Gulf conflict creeping ever closer to the shipping lanes everything travels through. Even the name of a public holiday couldn't escape a turf war. So top up the coffee and settle in. Here's what happened while you were (hopefully) switched off.
