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WEEKLY RECAP

Week ending 9 Oct 2026

The markets whose week stood out against their own history, and what is coming next.

AMT +12.4%, TMUS −9.2% and 3 more · Weekly Recap 9 Oct 2026

It was a calmer week than most on the board, with a few big stories moving single names.

SpaceX agreed on Thursday evening to buy a block of nationwide airwaves from Grain Management for its Starlink phone service. The deal still needs the US regulator's approval. On Friday the phone companies fell on fears of a price war, and T-Mobile dropped 13% on the day. The tower companies rose, since SpaceX could become a big new customer. American Tower gained 9% on Friday and 12% over the week.

In Brazil, Flávio Bolsonaro won Sunday's first round of the presidential election with 47% of the vote to President Lula's 45%. The two meet again in a runoff on 25 October. Itaú jumped 15% on Monday and ended the week up 18%. Deere fell 9.6% after the FTC and USDA opened an inquiry into farm-equipment makers on Wednesday, then a bigger US harvest forecast on Friday. Vistra rose 15% in a week that started with the US Department of Energy offering it a loan of up to $4.2 billion to upgrade three nuclear plants.

The moves that mattered

Sized against each market's own history, not by raw percentage — so a quiet market moving 3% can outrank a wild one moving 9%.

+12.4%
AMTAmerican TowerMax

Moved after SpaceX bought airwaves needing towers

−9.2%
+18.3%
ITUBItaú UnibancoHigh

Moved after Bolsonaro led Brazil's first-round vote

−9.6%
DEDeere & Co.Moderate

Moved after a farm-gear probe and a big-crop report

+15.3%
VSTVistra Corp.Moderate

Moved after the US offered a $4.2bn nuclear loan

The week ahead

The week ahead — week ending 9 Oct 2026

Monday is a US holiday, so no US figures come out that day. The big US banks start reporting on Tuesday, with JPMorgan, Wells Fargo, Goldman Sachs and Citi before the open, along with Johnson & Johnson and UnitedHealth. Bank of America and Morgan Stanley follow on Wednesday, and Marsh and BNY on Thursday.

The one to watch is US inflation on Wednesday at 08:30 New York. It is the last CPI figure before the Fed's next decision on 28 October. China's inflation comes out the same morning in Beijing. On Thursday, TSMC reports at 14:00 Taipei, and the US releases retail sales and producer prices at 08:30 New York.

What is coming, and the reading each market carries into it.

Tue
JNJJohnson & JohnsonVery Low

Results before the open

Wed
SHCOMPChina Shanghai CompositeVery Low

China inflation figures

Wed
US500US S&P 500Very Low

US inflation figures

Thu
MRSHMarsh & McLennanLow

Results before the open

Thu
BNYBNY MellonVery Low

Results before the open

Thu
TWNMSCI Taiwan IndexVery Low

TSMC results