Trade news — October 8, 2026

10 publications

1. WorldAsiaBudgetTrade

   Oct 8, 2026, 22:31 UTC

   El Niño Slows Peru's Economic Growth

   El Niño phenomenon is expected to reduce Peru's economic growth by 0.9 percentage points in 2026 and 1.3 points in 2027, according to BBVA Research. The bank has revised its growth projections due to the increased impact of El Niño, with the economy now expected to grow at 2.9% for both years. Despite improvements in business confidence and private consumption, the primary sector's vulnerability to climate anomalies is causing concern.

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2. ScienceTradeMarketsEquities

   Oct 8, 2026, 19:04 UTC

   

   ASX Set to Fall as Wall Street Retreats

   The Australian sharemarket is expected to open lower following a retreat on Wall Street. The S&P 500 index pulled back from its record high due to a decline in technology stocks. Oil prices rebounded, with Brent crude surpassing $US104 per barrel.

   9 sourcesSee all sources
3. SocietyTradeMarketsEquities

   Oct 8, 2026, 16:27 UTC

   Milan Stock Market Falls Below 50,000 Points

   The Milan Stock Exchange experienced a significant drop, falling below the 50,000-point threshold for the first time since June. The FTSE MIB index lost over 2.5% to close at 49,972 points. The decline was driven by losses in major stocks such as STM, Prysmian, Unicredit, and Intesa. The market opened down by 1.41%, with the first Ftse Mib index at 49,269 points.

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4. ScienceTradeAR/VR

   Oct 8, 2026, 14:33 UTC

   

   AI Boosts Global Trade and Growth

   The World Trade Organization (WTO) has significantly raised its growth outlook for global goods trade in 2026, driven by the boom in artificial intelligence (AI). The WTO estimates that world merchandise trade will grow by 3.9% year-on-year by the end of 2026, more than double the 1.9% projected in March. This positive outlook is primarily due to the increased demand for AI-related products such as semiconductors and data centers. The WTO also expects global GDP growth to reach 2.6% in 2026 and 2.9% in 2027.

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5. WorldChinaTrade

   Oct 8, 2026, 13:25 UTC

   

   EU Considers Taxing Large Corporations Instead of Digital Tax

   The European Union is reportedly reconsidering its approach to taxing large corporations, potentially shifting away from a digital tax. The new proposal involves levying a tax on all companies with annual revenues exceeding around $117 million, rather than targeting only digital firms. This move aims to generate additional revenue for the EU's budget while avoiding a backlash from the United States.

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6. BusinessChinaTradeSoftware

   Oct 8, 2026, 11:56 UTC

   Trump Allies Acquire CNN

   Paramount's Skydance has acquired Warner Bros. Discovery for $81 billion, including CNN and CBS. The acquisition is notable as CNN is a frequent critic of former President Trump, and the Ellison family, behind Skydance, has ties to Trump. The deal comes ahead of crucial midterm elections. Despite concerns, CNN's Mark Thompson and CBS's Barry Weis will retain their roles.

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7. SocietyTradeMarketsEquities

   Oct 8, 2026, 09:01 UTC

   

   Stock Market Trends in Athens and Europe

   Stock markets in Athens and Europe experienced mixed trends over the past few days. After initial losses due to political uncertainty in Spain and France, markets rebounded with strong gains led by bank stocks. However, they closed with significant losses on Thursday due to renewed concerns about oil prices and bond yields. The Athens Stock Exchange's General Index fluctuated between gains of over 1.5% and losses of over 2%. European markets also followed a similar pattern, with the pan-European STOXX 600 index recording gains and losses ranging from 0.18% to 0.93%.

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8. WorldEuropeTrade

   Oct 8, 2026, 08:19 UTC

   European Stock Markets See Mixed Performance

   European stock markets experienced mixed performance throughout the day. The session started with slight gains, led by Madrid (+0.7%) and London (+0.5%). However, markets later turned negative due to concerns about inflation and interest rates. Key indices closed with losses, including Paris (-1.22%) and London (-0.79%).

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9. ScienceTradeMarketsEquities

   Oct 8, 2026, 08:19 UTC

   Stock Market: Asia Weakens, Tokyo and Seoul Down

   The Asian stock market experienced weakness today, with Tokyo's Nikkei index closing down and hovering below 70,000. Seoul's KOSPI also slipped, losing 1.7%. The decline was partly attributed to rising oil prices and bond yields. Technology stocks were particularly affected, with Wall Street and debt weighing on them. The yen appreciated against the dollar.

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10. ScienceTrade

    Oct 8, 2026, 01:39 UTC

    

    Samsung's Record Q3 Profit Driven by AI Boom

    Samsung Electronics is set to report a record operating profit of over 100 trillion won ($765 million) for the third quarter, driven by strong demand for AI chips and robust memory business profitability. This marks the fourth consecutive quarter of record profits for the South Korean tech giant, significantly exceeding analyst estimates.

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