November 6, 2026 Practical Finance. Smarter Money. Better Decisions.

Stock Market

Safaricom Earnings Outlook Puts Nairobi Securities Exchange Stocks in Focus as Investors Assess Equity, KCB, KPLC and Kenya Airways
Stocks & Stock Markets

Safaricom Earnings Outlook Puts Nairobi Securities Exchange Stocks in Focus as Investors Assess Equity, KCB, KPLC and Kenya Airways

Kenya’s stock market is heading into an important week as investors prepare for Safaricom PLC’s half-year results, scheduled for Thursday, November 5, 2026. Analysts are forecasting stronger earnings, with improving performance in Ethiopia expected to provide an important boost to the telecommunications company’s profitability.

SkyPress Desk | SkyPress News Nov 3

SkyPress Desk | SkyPress News

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SkyPress Desk is the news and markets editorial desk at SkyPress by Skyrexx, covering the latest financial news, global market…

U.S. Treasury Yields Surge to Multi-Year Highs as Markets Reprice Inflation and Rate Risks
Stocks & Stock Markets

U.S. Treasury Yields Surge to Multi-Year Highs as Markets Reprice Inflation and Rate Risks

BUSINESS NEWS By SkyPress Desk | SkyPress News   •   September 25, 2026 U.S. Treasury yields climbed sharply on Friday as investors continued to demand higher compensation for inflation, government borrowing and longer-term interest-rate risk. The move pushed benchmark Treasury yields to their highest levels in years and kept pressure on global financial markets as traders reassessed the outlook for monetary policy and economic growth. The U.S. 10-year Treasury yield traded near 5.18% after reaching an intraday high around 5.23%, according to market data cited by Investing.com. The 30-year yield also moved above 5.50% during the session before easing back toward 5.47%. The surge extends a broader sell-off in government bonds that has gathered momentum in recent weeks. Reuters reported on Friday that global stocks were still holding up despite the bond-market pressure, helped by renewed enthusiasm around artificial intelligence companies and hopes for improving energy conditions in the Middle East. Track markets on TradingView Treasury yields climb as…

SkyPress Desk | SkyPress News Sep 25

LOCAL NEWS

Markets Brace for October Fed Rate Hike as Barr Signals More Tightening
Forex Markets

Markets Brace for October Fed Rate Hike as Barr Signals More Tightening

SKYPRESS NEWS Stronger U.S. business activity and renewed inflation pressures have pushed expectations for another Federal Reserve rate increase higher. Track markets on TradingView U.S. financial markets are increasingly pricing in the possibility of another Federal Reserve interest rate increase in October, after Federal Reserve Governor Michael Barr indicated that additional policy tightening could be necessary to bring inflation back toward the central bank’s 2% objective. The shift in expectations came alongside stronger-than-expected September business activity data. Preliminary figures from S&P Global showed the U.S. private sector expanding at its fastest pace in more than five years, while measures of business input costs also accelerated. The combination of resilient economic activity and renewed price pressures has added another layer of uncertainty to the Federal Reserve’s interest-rate path following its September policy decision. Markets Increase Bets on an October Rate Increase Interest-rate futures markets moved sharply on Wednesday as traders reassessed the likelihood of another Fed increase at the Federal Open…

SkyPress Desk | SkyPress News Sep 23
U.S. Stocks Slide as Treasury Yields Surge on Renewed Fed Rate Hike Concerns
Stocks & Stock Markets

U.S. Stocks Slide as Treasury Yields Surge on Renewed Fed Rate Hike Concerns

U.S. stocks moved lower on Wednesday, September 23, as a sharp rise in Treasury yields renewed concerns that the Federal Reserve could keep interest rates higher for longer in response to persistent inflation. The retreat came after stronger-than-expected U.S. business activity data added to expectations that inflationary pressures may remain difficult to contain. At the same time, comments from Federal Reserve Governor Michael Barr reinforced the possibility of additional monetary policy tightening. The S&P 500 was down about 0.3%, while the Nasdaq Composite declined roughly 0.5%. The Dow Jones Industrial Average was also lower, falling around 159 points, or 0.3%, during Wednesday trading. The weakness followed a record-setting session for the Nasdaq on Tuesday, highlighting how quickly sentiment shifted as investors reassessed the outlook for interest rates and bond yields. Market data by TradingView Rising Treasury Yields Pressure U.S. Equities The biggest source of pressure for stocks was the sharp increase in U.S. Treasury yields. The benchmark 10-year Treasury yield…

SkyPress Desk | SkyPress News Sep 23

INTERNATIONAL NEWS

Crude Oil Inventories Jump Unexpectedly as Market Watches Supply-Demand Balance
Commodities

Crude Oil Inventories Jump Unexpectedly as Market Watches Supply-Demand Balance

U.S. crude oil inventories increased sharply in the latest weekly report, reversing the previous week’s decline and catching market expectations off guard. The unexpected inventory build adds a new layer of uncertainty for oil markets, particularly as traders continue to assess supply disruptions, refinery activity and geopolitical risks affecting global energy flows. According to the latest data, U.S. crude inventories increased by 2.969 million barrels. The result was significantly different from the market expectation of a 0.700 million-barrel decline, representing a substantial deviation from forecasts. The previous report had shown a 640,000-barrel decline in crude inventories. The shift from a weekly draw to a sizeable build therefore marks a notable change in the U.S. petroleum balance and could become an important factor for oil traders in the near term. Key Takeaways U.S. crude inventories increased by 2.969 million barrels. Markets had expected inventories to decline by about 700,000 barrels. The previous report recorded a 640,000-barrel draw. The unexpected build may…

SkyPress Desk | SkyPress News Sep 23
Alibaba Unveils New AI Chip as China Accelerates Its AI Infrastructure Push
Stocks & Stock Markets

Alibaba Unveils New AI Chip as China Accelerates Its AI Infrastructure Push

Alibaba Unveils New AI Chip as China’s Tech Giant Plans Massive Expansion in AI Infrastructure Alibaba Group is stepping up its artificial intelligence infrastructure ambitions, unveiling a new domestically developed AI accelerator while setting out plans to expand its global data-center capacity beyond 20 gigawatts by 2032. By SkyPress Desk | SkyPress News September 22, 2026 Key Takeaways Alibaba unveiled the Zhenwu V900 AI accelerator at the 2026 Apsara Conference in Hangzhou. Chief Executive Eddie Wu said the chip delivers three times the performance of its predecessor, the Zhenwu M890. Alibaba plans to expand its global data-center capacity beyond 20 gigawatts by 2032. The company is also working toward an AI model with between 5 trillion and 10 trillion parameters. Alibaba’s June-quarter results showed strong AI and cloud growth, but substantially higher technology investment contributed to a sharp decline in reported profit. Alibaba Puts AI Infrastructure at the Center of Its Next Growth Phase Alibaba Group has unveiled a new…

SkyPress Desk | SkyPress News Sep 22

FOREX MARKET

Record Diesel Prices Raise Food Inflation Risks Across the U.S. and Africa
International News

Record Diesel Prices Raise Food Inflation Risks Across the U.S. and Africa

Global Energy Markets • SkyPress News Analysis Rising Diesel Costs Put Pressure on Farmers, Food Supply Chains and African Economies September 19, 2026 | By SkyPress Desk | SkyPress News WASHINGTON / NAIROBI — Surging diesel prices are placing additional pressure on farmers, freight operators and businesses as disruptions across global energy markets raise the cost of moving goods. The pressure is particularly significant for agriculture, where fuel is essential for machinery, harvesting, storage and transportation. A September 18 report by Reuters highlighted the strain facing U.S. farmers during the harvest season, with diesel costs increasing sharply from a year earlier. The developments offer a broader warning for food supply chains, including markets in Africa, where transport expenses, currency movements and fuel-import exposure can influence the prices paid by consumers. For Kenya and Nigeria, the impact extends beyond the filling station. Higher diesel prices can affect farm operations, public and private transport, manufacturing, electricity generation, logistics and the distribution of…

SkyPress Desk | SkyPress News Sep 19
Oil Prices Fall as Saudi Supply Concerns Ease Despite Middle East Risks
Commodities

Oil Prices Fall as Saudi Supply Concerns Ease Despite Middle East Risks

Market News | Energy Oil Prices Slide as Saudi Supply Recovery Eases Market Fears By SkyPress Desk | SkyPress News September 18, 2026 Market Snapshot: Oil prices extended their decline on Friday as expectations of a partial recovery in Saudi crude supply reduced some of the immediate pressure on global markets. Brent crude remained above $100 a barrel, however, as disruptions around key Middle Eastern shipping and energy routes continued to keep traders cautious. Oil prices extend three-session decline Crude oil prices fell for a third consecutive session on Friday, September 18, as signs that Saudi Arabia could restore part of its disrupted export capacity helped ease concerns about a prolonged supply shortage. Brent crude futures were trading around $102.53 a barrel, down about 2.2%, while U.S. West Texas Intermediate futures were near $100.04 a barrel, a decline of roughly 1.8% at the time of the latest market update. Brent is also on course for its first weekly decline in…

SkyPress Desk | SkyPress News Sep 18
Nobel Laureate Michael Kremer to Become World Bank Chief Economist as Development Challenges Mount
Business News

Nobel Laureate Michael Kremer to Become World Bank Chief Economist as Development Challenges Mount

September 16, 2026 — The World Bank has appointed Nobel Prize-winning economist Michael Kremer as its next chief economist, bringing an economist known for experimental research, poverty reduction and technology-driven development into one of the institution’s most influential economic roles. Kremer, a professor at the University of Chicago, will take over as chief economist on October 1, succeeding Indermit Gill, who retired from the World Bank at the end of August after serving as chief economist and senior vice president for development economics. The appointment comes as developing economies face a combination of higher financing costs, geopolitical uncertainty, energy-price pressures and constraints on international development assistance. From Development Research to World Bank Leadership Kremer has spent much of his academic career examining how governments and development organizations can identify policies that produce measurable improvements in people’s lives. His work spans areas including education, healthcare, agriculture, finance and technological innovation. Rather than relying solely on broad economic models, Kremer has been…

SkyPress Desk | SkyPress News Sep 16
US Senate Crypto Bill Stalls After CLARITY Act Fails Key Vote
International News

US Senate Crypto Bill Stalls After CLARITY Act Fails Key Vote

U.S. Senate Blocks Progress on CLARITY Act as Crypto Regulation Efforts Face New Setback By SkyPress Desk | SkyPress News Published: September 16, 2026 WASHINGTON — September 16, 2026: The U.S. Senate has failed to advance the CLARITY Act, a major cryptocurrency market-structure bill intended to establish a more comprehensive regulatory framework for digital assets in the United States. The procedural vote on Tuesday, September 15, produced 50 votes in favor and 49 against, but the measure fell short of the 60 votes required to advance. Four Republican senators joined Democrats in voting against the legislation. The outcome represents a setback for lawmakers and cryptocurrency industry participants who have been working toward clearer federal rules for digital assets. The bill’s failure followed disagreements over ethics requirements for public officials with cryptocurrency interests, as well as concerns from the banking sector about stablecoin reward programs and their potential effect on traditional bank deposits and lending. Although the Senate vote has stalled…

SkyPress Desk | SkyPress News Sep 16
US Crypto Regulation at a Turning Point as Senate Prepares for CLARITY Act Vote
International News

US Crypto Regulation at a Turning Point as Senate Prepares for CLARITY Act Vote

US Senate Faces Key Vote on Sweeping Crypto Regulation Bill By SkyPress Desk | SkyPress News September 15, 2026 — The U.S. Senate is facing a potentially important test for cryptocurrency regulation as lawmakers prepare to vote on whether to move forward with the Digital Asset Market Clarity Act, commonly known as the CLARITY Act. The legislation represents one of Washington’s most significant attempts to establish a comprehensive federal framework for digital assets. Supporters argue that clearer rules could reduce regulatory uncertainty for cryptocurrency companies, while opponents remain concerned about investor protection, banking stability and potential conflicts involving public officials. The procedural vote requires 60 senators to support advancing the measure. With Republicans holding 53 Senate seats, the legislation needs support from Democrats or independents if every Republican backs it. Why the Senate vote matters The CLARITY Act is designed to provide clearer boundaries for the regulation of digital assets and establish a more defined role for the Securities and…

SkyPress Desk | SkyPress News Sep 15
Gold Prices Slide as Fed Rate Decision Looms: What’s Next for XAU/USD?
Commodities

Gold Prices Slide as Fed Rate Decision Looms: What’s Next for XAU/USD?

Commodities • Gold Market Update Gold Price Outlook: XAU/USD Under Pressure as Markets Await Fed Rate Decision Gold prices remain under pressure as rising US Treasury yields, a stronger US Dollar and expectations around the Federal Reserve’s next interest-rate decision weigh on the precious metal. SkyPress News Desk: Gold is facing renewed selling pressure as global markets prepare for the Federal Reserve’s upcoming monetary-policy decision. Higher US bond yields and a firmer US Dollar have reduced the appeal of the non-yielding precious metal, while traders remain cautious about making large directional commitments ahead of the Fed’s updated economic projections and guidance on interest rates. Gold (XAU/USD) was trading around $4,280 per troy ounce on Tuesday, September 15, 2026, after falling to approximately $4,253 on Monday. The market remains sensitive to movements in US Treasury yields, inflation expectations and the outlook for monetary policy. The latest weakness comes despite the continuing geopolitical uncertainty surrounding the Middle East. Instead of responding primarily…

SkyPress Desk | SkyPress News Sep 15
Oil Prices Surge as Middle East Disruptions Raise Fears of a Global Supply Shock
International News

Oil Prices Surge as Middle East Disruptions Raise Fears of a Global Supply Shock

COMMODITIES • GLOBAL ENERGY MARKETS Brent Crude Oil Surges Above $108 as Middle East Supply Disruptions Intensify Oil markets face renewed supply concerns as tensions around the Strait of Hormuz, Saudi Arabia’s export infrastructure and the Bab el-Mandeb Strait intensify. Brent crude oil prices have surged above $108 a barrel as escalating Middle East tensions raise fresh concerns about the security of global oil supplies. The latest move higher comes after renewed attacks on Saudi energy infrastructure, the temporary shutdown of a key Saudi pipeline and continued disruption risks around two of the world’s most important maritime energy corridors. The latest developments have transformed what was already a major geopolitical risk into a broader global energy-supply concern. Investors, governments and energy consumers are now watching closely to determine whether the disruptions remain temporary or develop into a prolonged shortage of crude oil. Key Takeaways Brent crude has moved above $108 a barrel amid renewed Middle East supply concerns. The temporary…

SkyPress Desk | SkyPress News Sep 14
US Markets Rally as Inflation Data Boosts Fed Rate Expectations
Business News

US Markets Rally as Inflation Data Boosts Fed Rate Expectations

US Inflation Shapes Markets: Dollar Firms, Wall Street Rises, Gold Rebounds and Oil Retreats 12 September 2026 | SkyPress Desk | Market Roundup Key Takeaways U.S. consumer inflation accelerated in August, with headline CPI rising 0.4% month-on-month. Annual headline inflation held at 3.4%, while core CPI eased to 2.4% from 2.5% previously. Markets increased expectations for a Federal Reserve rate hike at next week’s meeting. U.S. equities finished higher, while major European indexes also ended Friday in positive territory. Gold rebounded by more than 1%, although the metal remained lower for the week. Brent crude declined 2.81% but remained above $100 a barrel. Weak U.S. consumer sentiment and higher inflation expectations added another layer of uncertainty for markets. Financial markets ended the week with investors weighing two competing forces: persistent U.S. inflation pressures and signs of softer consumer confidence. August inflation data showed that consumer prices increased more quickly on a monthly basis, while underlying inflation remained elevated. The figures…

SkyPress Desk | SkyPress News Sep 12
America’s Market Roundup: Dollar Slips, Stocks Rally, Gold Surges 2% as Fed Rate-Hike Bets Fall
Business News

America’s Market Roundup: Dollar Slips, Stocks Rally, Gold Surges 2% as Fed Rate-Hike Bets Fall

Forex Market Outlook EUR/USD: Euro Gains as Dollar Weakens The EUR/USD pair edged higher on Thursday as the U.S. dollar came under pressure following Christopher Waller’s comments on Federal Reserve policy. The prospect of the Federal Reserve maintaining interest rates rather than delivering another increase reduced some of the recent support for the dollar. However, the euro’s upside remained relatively measured as traders continued to monitor economic data and the broader interest-rate differential between the eurozone and the United States. U.S. economic data remained broadly resilient, with service-sector activity accelerating and jobless claims staying relatively low. At the same time, elevated services input prices could complicate the Federal Reserve’s policy outlook if inflation proves persistent. From a technical perspective, immediate resistance for EUR/USD is seen around 1.1597, near the 20-day simple moving average. A sustained break above this level could open the way toward 1.1625, corresponding to the 38.2% Fibonacci retracement level. On the downside, initial support is located around…

SkyPress Desk | SkyPress News Sep 6
Kenya’s Cost of Living Pressure Intensifies as August Inflation Hits 6.6%
Local News

Kenya’s Cost of Living Pressure Intensifies as August Inflation Hits 6.6%

Kenya Inflation Rises to 6.6% in August as Food and Transport Costs Keep Pressure on Businesses and Households Kenya’s annual inflation rate rose to 6.6% in August 2026 from 6.5% in July, with food, transport and housing-related costs remaining key sources of pressure on consumers and businesses. The latest data from the Kenya National Bureau of Statistics (KNBS) shows that the increase in headline inflation was relatively modest, but the underlying price movements reveal continued cost pressures in important areas of the economy. According to KNBS, annual consumer price inflation reached 6.6% in August 2026, meaning the general price level was 6.6% higher than in August 2025. Monthly inflation also accelerated to 0.4% in August from 0.2% in July. The latest figures are important for Kenyan households, retailers, manufacturers, transport operators, investors and policymakers because inflation affects purchasing power, operating costs, interest-rate expectations and consumer demand. Food and Transport Remain Major Inflation Drivers Rising prices continue to influence the cost…

SkyPress Desk | SkyPress News Sep 5
Commodities Explained: A Practical Guide to Gold, Oil, Silver and Global Commodity Markets
Personal Finance

Commodities Explained: A Practical Guide to Gold, Oil, Silver and Global Commodity Markets

Commodities are among the most important markets in the global economy. From the gold held by central banks to the oil that powers transportation and the agricultural products that feed millions of people, commodities influence inflation, currencies, business costs, investment returns and everyday prices. For investors and traders, understanding commodities can provide another way to understand what is happening across the global economy. At SkyPress, we believe financial markets should not be viewed in isolation. Commodity prices often tell a story about economic growth, inflation, geopolitical risks, supply disruptions and investor sentiment. This guide introduces the commodities market, explains how it works and examines some of the most important commodities watched by investors worldwide. What Are Commodities? Commodities are basic raw materials or primary agricultural products that can be bought and sold in financial markets. Unlike shares, which represent ownership in a company, commodities represent physical resources or products that are widely traded and used throughout the economy. Major commodity…

Sylvester Chepkok | SkyPress Editorial Aug 27
U.S.–Iran Relations Show Signs of Thaw as Diplomatic Breakthrough Nears
International News

U.S.–Iran Relations Show Signs of Thaw as Diplomatic Breakthrough Nears

U.S.–Iran Tensions Ease as Diplomatic Breakthrough Appears Within Reach SkyPress News | Global Markets & Geopolitics A potential turning point in the Middle East conflict is emerging as the United States signals that maritime access through the Strait of Hormuz could soon be restored—provided Iran aligns with key conditions outlined by Washington. U.S. President Donald Trump indicated that military operations targeting Iran may be suspended if ongoing negotiations yield a mutually accepted agreement. While specific terms remain undisclosed, Trump emphasized that progress has been made and warned that failure to finalize a deal could trigger intensified military action. Diplomatic Momentum Builds Recent developments suggest both sides are approaching a preliminary framework aimed at de-escalating hostilities. Reports indicate that discussions are centered around a short-form agreement that would serve as a foundation for broader nuclear negotiations. Iran may temporarily halt nuclear enrichment activities The U.S. could ease economic sanctions Frozen Iranian financial assets may be partially released Restrictions affecting the Strait…

SkyPress Desk | SkyPress News May 6
The 4 Pillars of Consistent Forex Trading Performance
Personal Finance

The 4 Pillars of Consistent Forex Trading Performance

Trader Lifestyle & Psychology • SkyPress Academy Trader Lifestyle & Psychology The Foundation of Consistent Forex Success Every profitable trader operates on a system—not just a strategy. This framework combines psychology, preparation, execution, and risk control into one structured path toward consistency. Psychology Preparation Execution Risk Control Why Most Traders Never Reach Consistency Forex trading attracts millions of participants because the market offers constant opportunities to speculate on currency movements. Yet having access to the market is very different from developing the ability to trade it consistently. Many traders spend months or even years searching for the perfect strategy. They test indicators, change timeframes, purchase trading systems, follow signals, watch market analysis, and repeatedly modify their entry rules whenever a strategy produces a losing streak. The problem is that profitable trading is rarely determined by one indicator or one entry technique. A strategy can provide an edge, but the trader still has to apply that edge consistently, manage uncertainty, control…

Sylvester Chepkok | SkyPress Editorial May 5
Oil Prices Rise as Iran Ceasefire Fails to Ease Supply Concerns and Political Tensions
Commodities

Oil Prices Rise as Iran Ceasefire Fails to Ease Supply Concerns and Political Tensions

Oil Prices Climb as White House Says Iran Ceasefire Ends War Powers Deadline By SkyPress News Desk | May 1, 2026 Oil prices moved higher on Friday after a turbulent trading session, as investors continued to monitor geopolitical developments surrounding Iran and the United States. Despite a temporary ceasefire, uncertainty over the region’s stability and the future of key shipping routes kept energy markets on edge. Brent crude futures for July advanced 0.9% to trade near $111.40 per barrel, while U.S. West Texas Intermediate (WTI) crude gained modestly, hovering above $105.00. The gains followed Thursday’s dramatic session, when front-month Brent surged to a four-year high before retreating sharply by the close. Geopolitical Tensions Continue to Support Oil Market sentiment remains heavily influenced by the fragile ceasefire between Washington and Tehran. Although direct military exchanges have paused, traders remain cautious as negotiations over Iran’s nuclear program and regional security continue. The White House stated that hostilities between the United States and…

SkyPress Desk | SkyPress News May 1
Yen Wavers After Tokyo Intervention as Dollar Rebounds on Fed Signals and Middle East Tensions
Forex Markets

Yen Wavers After Tokyo Intervention as Dollar Rebounds on Fed Signals and Middle East Tensions

Yen Slips After Tokyo Intervention as Dollar Stabilizes Amid Global Uncertainty SkyPress Financial | Global Markets | May 1, 2026 The Japanese yen retreated on Friday, giving back part of the substantial gains recorded in the previous session after Tokyo reportedly intervened in currency markets. Meanwhile, the U.S. dollar regained its footing following a challenging April, as investors balanced geopolitical uncertainty, shifting central bank expectations, and renewed safe-haven demand. Financial markets remain highly alert after Japanese authorities were widely believed to have entered the foreign exchange market once the U.S. dollar breached the closely watched 160-yen threshold earlier this week. The intervention triggered an immediate and powerful rally in the yen, underscoring Tokyo’s determination to defend its currency against excessive volatility. “Without sustained follow-up action, the dollar could eventually climb back toward the 160 level,” several major Wall Street currency strategists warned, highlighting the limitations of one-off intervention efforts. Tokyo Steps In as Yen Faces Renewed Pressure During Friday’s Asian…

SkyPress Desk | SkyPress News May 1
Wall Street Advances While Oil Volatility and Yen Turbulence Raise Market Concerns
Stocks & Stock Markets

Wall Street Advances While Oil Volatility and Yen Turbulence Raise Market Concerns

Wall Street Climbs as Volatility Cools, But Oil Markets Signal Caution SkyPress Market News | Global Markets | May 1, 2026 U.S. equities ended the latest session on a positive note, with the S&P 500 extending its gains as investors welcomed a fresh wave of corporate earnings and improving market breadth. However, beneath the surface, several unusual developments in the volatility markets have begun attracting the attention of institutional traders. Most notably, nearly every major measure of market volatility declined sharply. The CBOE Volatility Index (VIX), widely known as Wall Street’s “fear gauge,” closed below the key 17 level—a reading that typically reflects a relatively calm equity market. While lower volatility often accompanies rising stock prices, the move appears somewhat disconnected from risks brewing elsewhere in global markets. Oil Volatility Sends a Very Different Message Unlike equities, the energy market remains deeply unsettled. The CBOE Crude Oil Volatility Index (OVX) continues to hover near 75, an extraordinarily elevated level that…

SkyPress Desk | SkyPress News May 1

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