Market Overview

Bitcoin surged past $87,000 on Friday as September nonfarm payrolls missed expectations by a wide margin. The US economy added just 29,000 jobs during the month, falling well short of the anticipated 84,000 to 90,000 consensus. August payroll growth was simultaneously revised down from 162,000 to 133,000. The weaker labor data triggered an immediate retreat in US bond yields, with the 10-year Treasury yield easing to 5.2% and the 30-year yield settling at 5.573%. Traders rapidly scaled back hawkish interest-rate bets, reducing the implied probability of a 0.25% Federal Reserve rate hike at the October meeting to 18% from 64% a week prior. Bitcoin touched a high of $87,229 on Bitstamp before encountering overhead resistance and pulling back below $86,000. Equities participated in the relief rally at the Wall Street open, sending the S&P 500 up 1% and the Nasdaq Composite up 1.8%.

Cointelegraph

Schneider Electric struck its biggest deal ever on Monday, agreeing to buy US software firm PTC in an all-cash transaction valuing equity at around $22.6 billion, CNA reported. The $205-per-share offer implies an enterprise value of $23.7 billion for Boston-based PTC and represents a 42.3 per cent premium to its last closing price. Schneider shares were down 4.7 per cent on Tradegate before the market opened as investors digested the size of the acquisition alongside concerns over valuation pressure and growth prospects. The transaction is the largest acquisition in the history of Schneider. The French company said the acquisition would create a scaled industrial software and AI business expected to generate 250 million euros in annual run-rate cost savings by the third year after closing, alongside about 800 million euros in expected revenue synergies. It will be financed through a combination of equity and new debt and is expected to be closed in the third quarter of 2027.

Channelnewsasia

Deutsche Telekom expects to save around €2.5 billion in indirect costs by 2030 through expanded use of artificial intelligence and automation, CNA reported on Monday, citing a company statement. The German telecommunications group targets gross savings of approximately €1.1 billion outside the US in 2027 compared to 2023 levels. The company intends to channel a portion of these 2027 savings into Germany's digital infrastructure and fibre-optic network. Alongside cost reductions, the group aims to lift AI-related business revenue outside the US to around €800 million by 2030. Management also confirmed its broader 2026 outlook and medium-term financial targets during the announcement.

Channelnewsasia

Broadcom and a banking syndicate are lining up $60 billion in fresh debt to finance artificial intelligence chips and infrastructure for customers including Anthropic. Banks are preparing syndication letters for a $42 billion Class A senior-secured tranche, while Blackstone is leading an $18 billion Class B junior debt tranche with a $9 billion personal commitment. The new borrowings arrive as Broadcom agrees to lend Anthropic up to $42 billion to fund roughly one-third of a five-year, $125.2 billion lease commitment for tensor processing unit computing capacity. That dual role makes Broadcom both the chip supplier and the lender, concentrating credit and operational risk on a single client expected to become its largest XPU customer in 2027. The $60 billion package would nearly double Broadcom's total debt from the $66.5 billion carried at the end of fiscal 2025. That debt reduction followed a prior-period jump to $68.9 billion in fiscal 2024 after the VMware acquisition, though net debt stood at about $35.4 billion alongside $24.0 billion in cash and short-term investments. Cash from operations reached $14.2 billion in the quarter ended August 2 against $532 million of capital expenditure. Analysts expect Broadcom's revenue to rise from $63.9 billion in fiscal 2025 to $106 billion in fiscal 2026, and eventually reach $272 billion by fiscal 2028. Anthropic's prospectus warns of potential conflicts of interest arising from Broadcom's dual position, noting that defaults could accelerate lease obligations and restrict access to the credit line. Anthropic is reportedly considering an initial public offering as early as mid-November.

Tikr

The International Monetary Fund reached a staff-level agreement with Sri Lanka on the seventh review of its Extended Fund Facility to unlock about $345 million in financing, CNA reported on Sunday. The agreement hinges on approval from the IMF executive board and the 2027 budget to be unveiled next month in parliament, alongside a review of financing assurances to confirm multilateral contributions and debt restructuring adequacy. Upon completion, Sri Lanka will access special drawing rights equivalent to about $345 million, bringing total disbursed funds under the broader $2.9 billion program to $2.7 billion. In May, the IMF forecast 3 percent growth this year for the island nation while approving a $700 million double tranche to bolster reserves following a 2022 economic upheaval. The lender urged the government to align domestic fuel prices with international rates while protecting vulnerable populations against downside risks from Middle East conflicts, global trade uncertainty, and El Nino weather patterns.

Channelnewsasia

AT&T signed a multi-year supply agreement valued at more than $3 billion with Corning to purchase the fiber and cable required for its domestic network expansion. Corning will provide the infrastructure materials as the telecommunications operator works toward its target of reaching 60 million fiber locations by the end of 2030. The agreement builds on AT&T's commitment of more than $250 billion over five years to strengthen U.S. connectivity infrastructure, alongside its $5.75 billion acquisition of Lumen's fiber business. Surging data consumption is driving the expansion, with average monthly household usage on AT&T Fiber now exceeding 1 terabyte, which is five times higher than consumption levels recorded in 2016. That figure is projected to reach 2 to 2.5 terabytes per month by 2030 as streaming, cloud services, and artificial intelligence applications expand. Corning manufactures the optical fiber and cable at its U.S. facilities, supplying materials that support AT&T's union-represented workforce of technicians who build and maintain the network. Following the announcement, Corning shares rose 3.3 percent in premarket trading. The contract follows a similar multibillion-dollar fiber supply agreement between Corning and Verizon earlier in the month, as major network operators compete for domestic manufacturing capacity amid rising infrastructure demand.

Telecomreviewamericas

The International Monetary Fund approved an immediate disbursement of roughly $138 million to El Salvador after completing the second and third reviews of the country's 40-month Extended Fund Facility arrangement. The executive board cleared the payout on Thursday despite El Salvador missing certain performance criteria, including targets related to Bitcoin accumulation. To clear the tranche, the IMF granted formal waivers backed by corrective measures and renewed commitments from Salvadoran authorities. Under the program terms, the state has transferred majority ownership and operational control of the Chivo Bitcoin wallet to a private operator while retaining a minority stake and custodial responsibilities. The IMF reiterated that no further Bitcoin accumulation is envisaged beyond documented donations, noting that recent increases in holdings relied on private donations rather than public resources. Beyond crypto policies, the lender cited ongoing progress in financial sector reforms, fiscal transparency measures, and anti-money laundering and counter-terrorism financing reforms. The broader financing program totals $1.4 billion, with the latest release providing SDR 101.96 million. Economic indicators released alongside the review put El Salvador's real gross domestic product growth at 3.9 percent for 2025, with projections of 4.5 percent growth in 2026 and moderate growth in 2027. Gross international reserves are estimated at $4.814 billion for 2025 and projected at $5.346 billion for 2026.

Cointelegraph

U.S. employers added just 29,000 jobs in September, falling well short of consensus expectations near 90,000 and prompting traders to slash the implied probability of an October Federal Reserve rate hike to roughly 16%. The latest nonfarm payrolls print arrived alongside downward revisions that collectively lowered previously reported employment for July and August by 60,000 jobs. July employment was adjusted from a small gain to a loss of 10,000 positions, while August was revised down from 162,000 to 133,000. Meanwhile, the unemployment rate ticked up to 4.2% from 4.1%, and average hourly earnings rose 0.1% for the month, leaving the 12-month wage growth rate at 3.0%. The softer labor data followed cooler-than-expected personal consumption expenditures figures released earlier in the week, reinforcing expectations that policymakers will leave the federal funds target range at 3.75% to 4.00% at the conclusion of the October 27-28 policy meeting. Short-dated Treasury yields dropped following the report, with the two-year yield falling as much as 6 basis points to 4.72% before drifting higher, while the benchmark 10-year yield moved down to 5.17% before returning to 5.26%. Major U.S. stock indexes rallied during Friday's session, helping the Nasdaq 100 rise 1.11% to 31,101.25 and the S&P 500 gain 0.69% to 7,777.00. The Federal Open Market Committee is scheduled to announce its next decision on interest rates on October 28.

Cfodive

Amazon is seeking external investors for an $8 billion financing structure to offload advanced Nvidia chips and ease the capital strain of its artificial intelligence expansion. The e-commerce and cloud provider has held discussions in recent weeks to place thousands of Nvidia Grace Blackwell chips already deployed across more than a dozen United States data centers into a special-purpose vehicle. Amazon would then lease the hardware back from the vehicle, adopting an asset-light route as heavy infrastructure spending weighs on cash flow. Under the proposed arrangement, the vehicle would issue debt to finance the hardware while offering outside investors an equity stake of up to 10 percent. The initiative follows a period where surging capital expenditures dragged trailing twelve-month free cash flow down to negative $7.6 billion, driven largely by a $66.1 billion increase in property and equipment purchases. Amazon shares edged 0.6 percent higher in premarket trading on Friday following the report, leaving the stock up 7.5 percent for the year despite a 3.9 percent decline in September.

Investorshub Advfn

Salesforce authorized a $50 billion share repurchase program in February 2026 and executed half of that amount within weeks via the largest accelerated share repurchase in corporate history. The software maker generated $17.73 billion of levered free cash flow over the past twelve months on revenue of $43.94 billion. Operating margin reached 21.38 percent, while net margin ticked up to 21.99 percent. Revenue grew 10.80 percent in the most recent quarter alongside an 86.90 percent increase in earnings. Management is deploying capital toward retiring shares as the stock trades at 13.99 times forward estimates. The share count has already dropped from 997 million to 895.5 million. This capital return strategy marks a departure from the company's historical reliance on large acquisitions such as MuleSoft, Tableau, and Slack. The balance sheet carries $42.38 billion of debt against $11.4 billion of cash. Salesforce closed at $234.69 on October 2, down 4.51 percent over the prior twelve months while the S&P 500 rose about 14 percent.

Talkmarkets