ICE · Earnings call · 2026Q3T · Full report

Global Market Uncertainty

Intercontinental Exchange, Inc. · 2026-10-29 · Importance 20 · Surprise 24

Management described renewed geopolitical risk in global equity, fixed income, and energy markets during the third quarter, while rate expectations moved higher across major economies. Ben Jackson said energy supply chains are being rebuilt, central banks are evolving in different directions, and Europe is investing in defense, energy security, and infrastructure. He cited Qatari LNG exports remaining under force majeure, disruptions to all three principal LNG routes into Europe, and European gas storage entering the heating season nearly 20% below its five-year average.