{"id":5926,"date":"2026-10-10T15:15:37","date_gmt":"2026-10-10T15:15:37","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5926"},"modified":"2026-10-10T15:15:37","modified_gmt":"2026-10-10T15:15:37","slug":"evening-digest-oil-falls-apple-cuts-iphone-component-orders","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5926","title":{"rendered":"Evening Digest: Oil falls, Apple cuts iPhone component orders"},"content":{"rendered":"
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Oil prices fell as US President Donald Trump signalled a pause in potential strikes against Iran before next month\u2019s midterm elections, easing concerns about supply disruptions. <\/p>\n

Treasury yields remained elevated after a volatile week, while gold held above $4,100 an ounce ahead of key US inflation data. <\/p>\n

Meanwhile, Apple shares fell after a report said the company asked suppliers to reduce component orders for its latest iPhone 18 Pro models.<\/p>\n

Oil prices fall as concerns over Iran supply disruptions ease<\/h2>\n

Oil prices edged lower on Friday as markets responded to Trump\u2019s comments about the conflict with Iran and China\u2019s plans to resume refined fuel exports after a brief halt during its Golden Week holiday.<\/p>\n

Brent crude futures fell 0.26% to $104.01 a barrel, while US West Texas Intermediate crude declined 0.15% to $91.35. Both benchmarks remained on track to post weekly gains.<\/p>\n

Prices have been volatile amid threats to shipping through the Gulf and the Strait of Hormuz, a critical route that carried about 20% of global oil and fuel shipments before the war.<\/p>\n

Iran is reviewing the US response to a proposal that would reopen the Strait of Hormuz within seven days, according to a report by Iran\u2019s Tasnim news agency. <\/p>\n

Meanwhile, the US continues to impose sanctions targeting individuals, networks and vessels involved in transporting Iranian crude and petroleum products.<\/p>\n

Supply disruptions from the Iran war and the Russia-Ukraine conflict have affected refined fuels, particularly diesel. <\/p>\n

Hurricane Isaias has added to concerns in the Gulf of Mexico, where producers had shut in about 1.3 million barrels per day of oil production as of Thursday.<\/p>\n

Treasury yields remain elevated after volatile week<\/h2>\n

US Treasury yields were little changed on Friday as investors assessed inflation risks and the outlook for Federal Reserve policy following a week in which longer-dated yields reached their highest levels since 2002.<\/p>\n

The 10-year Treasury yield rose more than one basis point to 5.244%, while the 30-year yield slipped slightly to 5.602%. The two-year yield increased more than three basis points to 4.787%.<\/p>\n

The moves followed a decline in yields during Thursday\u2019s session. <\/p>\n

The US Treasury sold $22 billion in 30-year notes that day, with indirect bidders accounting for more than 72% of the auction, above the average of 68% across the previous 10 auctions.<\/p>\n

Federal Reserve Governor Christopher Waller said further interest rate increases might be needed to address persistent inflation, although he indicated that hikes would not necessarily be required immediately.<\/p>\n

Investors are monitoring energy prices and upcoming inflation data for clues about the Fed\u2019s next steps.<\/p>\n

Gold holds above $4,100 ahead of US inflation data<\/h2>\n

Gold traded at $4,195 an ounce, up more than 1.4%, after recovering from a decline below $4,100 earlier in the week.<\/p>\n

The metal has remained under pressure from elevated bond yields and a stronger US dollar, which can make gold more expensive for overseas buyers. However, continued buying during price declines has helped support the market.<\/p>\n

Analysts expect gold to remain sensitive to next week\u2019s US Consumer Price Index report. <\/p>\n

Persistent inflation could strengthen expectations of further monetary tightening, while a sustained move above $4,200 could improve the near-term technical outlook.<\/p>\n

Market participants are also assessing whether elevated borrowing costs could eventually weaken economic activity or increase pressure on government finances, factors that could support gold over the medium term.<\/p>\n

Apple shares fall after reported iPhone component order cuts<\/h2>\n

Apple shares fell around 1% in trading Friday after a Nikkei Asia report said the company had instructed some suppliers to cut October component orders for the iPhone 18 Pro and iPhone 18 Pro Max<\/a> by at least 15%. <\/p>\n

People cited in the report estimated the reductions could range from 15% to 20%.<\/p>\n

The reported cuts come as Apple faces higher memory costs linked to the artificial intelligence boom and concerns that price increases for its latest premium smartphones could weigh on demand.<\/p>\n

Apple launched the iPhone 18 Pro models last month, raising prices by $100 globally compared with the previous generation.<\/p>\n

The reported adjustments have raised questions about whether demand has met expectations following the launch. <\/p>\n

They also add uncertainty around the planned release of Apple\u2019s first foldable iPhone, the $1,999 iPhone Duo, later this month.<\/p>\n

An earlier report said initial production of the foldable device remained limited, with Apple targeting production of 8 million to 10 million units this year. <\/p>\n

The company could fall short of that target if production does not accelerate.<\/p>\n

The post Evening Digest: Oil falls, Apple cuts iPhone component orders<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Oil prices fell as US President Donald Trump signalled a pause in potential strikes against Iran before next month\u2019s midterm elections, easing concerns about supply disruptions. Treasury yields remained elevated after a volatile week, while gold held above $4,100 an ounce ahead of key US inflation data. Meanwhile, Apple shares fell after a report said…<\/p>\n","protected":false},"author":1,"featured_media":5927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5926"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5927"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}