Friday 9 October 2026
Written automatically each morning by Claude from 10 news feeds, and published without editing.
Quiet morning on the UK front. Labour held Holborn and St Pancras, one of its safest seats, with Sagal Abdi-Wali beating Green leader Zack Polanski. The Greens came a clear second, but local activists say a members’ motion last weekend declaring Zionism a form of racism cost them votes, and Polanski is now defending his leadership. He says he intends to stay on.
On the global side, the bond market is the thing to watch. Pimco’s investment chief says a further sharp rise in US borrowing costs is “feasible”, with the 10-year Treasury yield at risk of hitting 6% for the first time since 2000. His argument is that investors are being forced to unwind losing bets, which feeds on itself. Oil is the other pressure point. Brent eased but is still around $103 a barrel after Trump said the US has had “productive discussions” with Iran and would not attack before the midterm elections. That is relief rather than resolution, and it comes with crude still very high.
In AI, the funding picture is looking less forgiving. The cost of credit default swaps for AI companies looking to borrow is rising, which is a sign lenders want more for the risk. Against that backdrop, OpenAI told investors its annualised revenue was nearing $50bn in September. That is about $20bn short of the $70bn figure widely reported. SoftBank, meanwhile, is seeking $100bn from Gulf investors to expand its AI bet, with Masayoshi Son in talks with senior figures in the UAE in recent weeks.
In Ukraine, a renewed Russian campaign against power and energy infrastructure is making some Kyiv residents consider leaving the capital as winter approaches.
Sources
- FTSE 100 Live: Stocks to rise as oil falls back after Trump’s Iran war pledge — City AM
- Labour wins Holborn and St Pancras byelection; Polanski ‘absolutely’ intends to remain Green party leader – UK politics live — Guardian
- As freezing winter approaches, Kyiv residents look for shelter elsewhere — BBC News
- Polanski defends leadership after Zionism row and by-election loss — BBC News
- SoftBank seeks $100bn from Gulf investors to expand AI bet — FT
- Five ways to tell if market trouble lies ahead — FT
- US 10-year Treasury yields risk hitting 6% for first time since 2000, Pimco says — FT
- OpenAI annualised revenues $20bn less than previously signalled — FT
City AM, Guardian, BBC News, FT — 2026-10-09