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NEWS & MARKETS
The stories behind the numbers.
Six concise updates from today’s Morning Briefing on the economy, companies and global policy, with links to the sources behind them.
Updated October 13, 2026 at 10:08 a.m. EDT. Source reports dated October 12–13; each card shows its publication date.
From the Arants archive: earnings calls, cash-flow NPV and Graham valuation.
GLOBAL ECONOMY · OCTOBER 13
Original Arants conceptual illustration. Not a photograph or data chart.
IMF sees resilient growth, widening divides
The IMF forecasts global growth of 3.1% in 2026 and 3.4% in 2027, with inflation reaching 4.7% this year. AI investment is supporting some economies, while energy importers face greater strain. Its October outlook warns that shrinking financial buffers and persistent energy shocks could weaken resilience. These remain forecasts, with risks tilted downward.
IMF · Published October 13, 2026
INFLATION · OCTOBER 13
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Energy lifts German inflation to 3.3%
Germany’s final September inflation reading rose to 3.3% annually, with prices up 0.6% from August. Energy prices climbed 14.9% from a year earlier, while inflation excluding food and energy stayed at 2.4%. The figures confirm a stronger energy squeeze, but they do not capture the fuel-tax relief that began on October 1.
Destatis · Published October 13, 2026
COMPANY RESULTS · OCTOBER 12
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LVMH’s fashion slump clouds luxury recovery
LVMH reported €18.5 billion in quarterly sales and 1% organic growth, below the 1.3% consensus cited by Reuters. Fashion and leather goods sales fell 5% organically, a deeper decline than expected. Management pointed to weaker Chinese consumer sentiment. The results suggest luxury demand remains fragile, even as some divisions and regions continue to grow.
Reuters via Euronext · Published October 12, 2026
AI INFRASTRUCTURE · OCTOBER 12
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AMD outlines November rollout for Helion
AMD introduced Helion, an open rack blueprint for agentic AI, with partner configurations planned for November. The design includes CPU-only systems for hyperscale deployments and combined CPU/GPU systems for enterprises. AMD also plans to contribute its specification to the Open Compute Project. Availability remains a company target, with partner systems still under development.
AMD · Announced October 12, 2026
DIPLOMACY · OCTOBER 12
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Reuters details diplomacy behind diesel deal
U.S. envoys presented the Russian diesel agreement to Ukrainian officials as a way to revive peace negotiations, Reuters reported, citing three people familiar with the talks. The report adds context to the deal. As of its October 12 update, the announced energy ceasefire remained unconfirmed by the warring sides, and Russia had struck Ukrainian energy targets.
Reuters via AOL · Updated October 12, 2026, 22:57 UTC
CRYPTO POLICY · OCTOBER 13
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CFTC crypto consultation enters comment period
The CFTC’s advance notice on crypto-asset transactions and markets was published in the Federal Register on October 13, opening a comment period through December 14. It seeks input on possible rules for certain retail commodity transactions, including leveraged or financed trades. This is an early consultation, not final rules or approval of particular platforms.
Federal Register · Published October 13, 2026 · 91 FR 64811
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