{"id":72729,"date":"2026-10-07T22:38:16","date_gmt":"2026-10-08T02:38:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-market-update-standard-chartered-expands-digital-custody-oil-surges-on-supply-risks\/72729\/"},"modified":"2026-10-07T22:38:16","modified_gmt":"2026-10-08T02:38:16","slug":"global-market-update-standard-chartered-expands-digital-custody-oil-surges-on-supply-risks","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-market-update-standard-chartered-expands-digital-custody-oil-surges-on-supply-risks\/72729\/","title":{"rendered":"Global Market Update: Standard Chartered Expands Digital Custody, Oil Surges on Supply Risks"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Crude <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> surged over 1%<\/strong>, with Brent crude topping <strong>$101 per barrel<\/strong>, as escalating shipping attacks in the <strong>Strait of Hormuz<\/strong> heighten Middle East supply risks.<\/li>\n<li><strong>Standard Chartered (<a href=\"\/stock\/STAN\">STAN<\/a>)<\/strong> officially launched its digital asset custody service in <strong>Singapore<\/strong>, targeting institutional clients with a suite of integrated financing and security solutions.<\/li>\n<li><strong>Nissan (<a href=\"\/stock\/NSANY\">NSANY<\/a>)<\/strong> confirmed a major expansion into <strong>Australia and New Zealand<\/strong>, including the 2027 launch of the <strong>Navara Pro PHEV<\/strong>, sourced from its Chinese production hub.<\/li>\n<li><strong>Goodman Group (<a href=\"\/stock\/GMG\">GMG<\/a>)<\/strong> is facing significant local opposition to its <strong>$20 billion Japanese data center<\/strong> project in Tsukuba, following the recent cancellation of a similar site in Sydney.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold prices<\/a> recovered<\/strong> from a two-month low of <strong>$4,104<\/strong> to trade near <strong>$4,150<\/strong>, as a rally in the U.S. dollar stalled and Treasury yields retreated from multi-year highs.<\/li>\n<\/ul>\n<h2>Energy and Commodities Markets<\/h2>\n<p><strong>Crude oil futures<\/strong> rose sharply on Thursday as persistent geopolitical tensions in the Middle East continue to threaten global supply chains. <strong>Brent crude<\/strong> gained <strong>1.33%<\/strong> to reach <strong>$101.53<\/strong>, while <strong>U.S. West Texas Intermediate (WTI)<\/strong> climbed <strong>1.26%<\/strong> to <strong>$89.39<\/strong>. The rally follows a series of projectile attacks on tankers in the <strong>Gulf region<\/strong>, which handles approximately <strong>20%<\/strong> of the world&#39;s oil and fuel shipments.<\/p>\n<p><strong>Gold (XAU\/USD)<\/strong> prices found support after a &quot;brutal&quot; sell-off in 2026, rebounding to <strong>$4,151<\/strong> per ounce. <em>Market analysts suggest the recovery is technical in nature<\/em>, as the <strong>U.S. Dollar Index (DXY)<\/strong> retreated toward <strong>101.80<\/strong> after hitting a year-to-date high. Meanwhile, in the industrial sector, <strong>China\u2019s most-active coking coal contract<\/strong> gained <strong>3%<\/strong>, driven by supply squeezes in the <strong>Shanxi province<\/strong> and low inventory levels ahead of the peak winter season.<\/p>\n<h2>Banking and Digital Infrastructure<\/h2>\n<p><strong>Standard Chartered (<a href=\"\/stock\/STAN\">STAN<\/a>)<\/strong> has stepped up its digital asset offering by launching institutional custody services in <strong>Singapore<\/strong>. The bank will provide safekeeping for selected crypto-assets, integrating these services with its existing traditional financing and securities infrastructure. This move follows a strategic partnership with <strong>Anchorage Digital<\/strong> to facilitate 24\/7 USD settlement for institutional clients outside the United States.<\/p>\n<p><strong>Goodman Group (<a href=\"\/stock\/GMG\">GMG<\/a>)<\/strong> is navigating a &quot;Sydney-style&quot; setback in <strong>Japan<\/strong>, where residents in Tsukuba are protesting a planned <strong>1-gigawatt data center campus<\/strong>. The project, estimated at <strong>3 trillion yen ($20 billion)<\/strong>, has come under fire for its potential impact on local resources. This development mirrors a recent cancellation in <strong>Sydney<\/strong>, where the firm scrapped a project located just 20 meters from residential homes due to community resistance.<\/p>\n<h2>Regional Economic and Corporate Developments<\/h2>\n<p><strong>Indonesia&#39;s Finance Ministry<\/strong> clarified that dividends from state-owned enterprises (SOEs) managed by the <strong>Danantara sovereign wealth fund<\/strong> are not included in the <strong>2026 and 2027 budget<\/strong> assumptions. The government has opted to exclude these figures\u2014estimated at <strong>Rp 120 trillion ($7.6 billion)<\/strong>\u2014to maintain fiscal prudence. The funds will instead be used as leverage to attract private capital for infrastructure and social protection projects.<\/p>\n<p><strong>Nissan (<a href=\"\/stock\/NSANY\">NSANY<\/a>)<\/strong> is leveraging its Chinese manufacturing base to revitalize its presence in the <strong>Oceania<\/strong> market. The automaker announced that the <strong>2027 Navara Pro PHEV<\/strong> will be a cornerstone of its Australian lineup, featuring a <strong>2.0-litre turbo-petrol engine<\/strong> and a targeted output of <strong>300kW<\/strong>. Additionally, Nissan plans to start sales of the China-built <strong>Frontier Pro<\/strong> pickup in <strong>Mexico<\/strong> this month to counter the rapid expansion of Chinese competitors like <strong>BYD<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Crude oil prices surged over 1%, with Brent crude topping $101 per barrel, as escalating shipping attacks in 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