Major headlines from global financial media overnight and this morning include the following.

Trump says Putin has agreed to release diesel to the global market, with the first batch exceeding 300,000 tons. A magnitude 7.7 earthquake struck Panama, the strongest in more than 70 years, with parts of Latin America possibly facing a tsunami threat. Tesla Motors (TSLA) is dropping the "Full Self-Driving" brand name in Europe in favor of assisted driving. Micron Technology (MU) will expand its stock buyback program to $35 billion in December. A Goldman Sachs (GS) strategist sees no reason to buy French stocks at present. Deutsche Bank AG (DB) says pessimism in the bond market has gone too far, and risks in the AI ecosystem could drive money back into bonds.

Trump says Putin has agreed to release diesel to the global market, with the first batch exceeding 300,000 tons

U.S. President Donald Trump said Russian President Vladimir Putin has agreed to release diesel to the global market. In a social media post on Friday, Trump said, "By mutual agreement, Russia will immediately supply more than 300,000 tons of diesel to the United States and the global market, another 500,000 tons during November, and immediately after that another 1 million tons." He also said that after that, "depending on the condition of Russian diesel refineries, Russia will deliver another 3 million tons of diesel within a short period." The U.S. Treasury Department said on Friday that the Office of Foreign Assets Control (OFAC) "will immediately issue a temporary general license allowing Russian diesel to be supplied to the global market." At the scale described by Trump, a large amount of Russian diesel would enter the market, with 3 million tons equivalent to 22.5 million barrels. Data from energy analytics firm Vortexa shows that the initial 2.25 million barrels would exceed 10% of Russia's total diesel exports in October 2025.

Panama hit by strongest earthquake in more than 70 years, parts of Latin America may face tsunami

Panama was struck by its strongest earthquake in more than 70 years on Friday, triggering tsunami warnings for parts of Latin America and temporarily halting some metro lines in Panama City. The U.S. Geological Survey said the magnitude 7.7 earthquake occurred in Herrera Province, with its epicenter more than 120 miles (193 kilometers) southwest of the Panama Canal. The USGS initially estimated that economic losses in the region could exceed $1 billion. The U.S. National Earthquake Information Center said this was the strongest earthquake in that part of Panama at least since 1951. The USGS said the focal depth was 12.6 kilometers.

Tesla drops "Full Self-Driving" brand name in Europe in favor of assisted driving

Tesla Motors (TSLA) has changed the European brand name of its "Full Self-Driving (Supervised)" system, or FSD, to "Assisted Driving," after German regulators called the brand name "somewhat misleading." The package is still sold in the United States under the Full Self-Driving (Supervised) brand to Tesla owners for a subscription fee of $99 per month. Tesla is pushing for approval across Europe. This year, European electric vehicle sales have been rising as fuel costs surged because of the Iran war, and Tesla's sales have also shown signs of recovering from last year's weak performance.

Micron Technology to expand stock buyback program to $35 billion in December

Micron Technology (MU) said its board approved an expansion of its stock buyback program, effective in December. In its 10-K filing, Micron said the board "approved an increase in the maximum amount of common stock that may be repurchased at its discretion to $35.16 billion starting December 9, 2026." Micron had previously authorized a $10 billion stock buyback program, of which about $2.2 billion remained available. Micron shares fell 1% on Friday, but have risen about 260% year to date.

Goldman Sachs strategist sees no reason to buy French stocks at present

A Goldman Sachs (GS) strategist said French stocks being relatively cheap is not enough to justify buying them, because none of the factors needed to narrow the valuation discount have appeared. The team led by Guillaume Jaisson said the French CAC 40 index is cheap on a relative valuation basis, but not yet on an absolute valuation basis. The team said narrowing the valuation discount would require greater political clarity, stronger economic growth, or new buyers entering the market. The team said the CAC 40's exposure to global economic growth means it is more resilient than the market narrative suggests.

Deutsche Bank says bond market pessimism has gone too far, AI ecosystem risks may drive money back into bonds

Deutsche Bank AG (DB)'s George Saravelos said sentiment toward fixed-income assets swung sharply pessimistic this year, but that pessimism now appears overdone because the market underestimates the risk that a problem in artificial intelligence (AI) could trigger an influx of money into bonds. Saravelos, head of global foreign exchange research at Deutsche Bank, said in a report on Friday that during meetings with clients in the United States, he found investors were worried that AI is "a major driver of higher yields and that the U.S. Treasury has lost control of the long end." He also said these factors fueled speculation that the U.S. Treasury Department might pause issuance of 20-year Treasuries, while the vast majority of clients were bearish on French bonds after a sharp selloff.