🛢️ Hormuz talks drive oil lower
US–Iran talks in Doha entered a third day, with Tehran proposing a two-day plan to reopen the Strait of Hormuz. Brent fell 3% to $110, WTI to $100.8, though tanker attacks in the Gulf keep risk premiums high. 🌊
🌏 Asian markets
🇰🇷 Kospi +2.8% (5,891)
🇨🇳 Shanghai +1.2% (3,642), led by hopes of state support after China’s worst month for stocks in over a decade 📈
🇭🇰 Hang Seng +0.65% (23,445)
🇯🇵 Nikkei flat, +0.06% (63,330)
🇦🇺 ASX 200 –0.56% (8,858)
🇨🇳 China’s official manufacturing PMI slipped to 49.3, below 50
🇺🇸 Wall Street, Friday close
S&P 500 –1.8% (7,580), Nasdaq –2.9% (25,437), Dow –1.1% (51,770) as the AI sell-off deepened 📉
💱 Currencies
💶 EUR/USD 1.1175
💴 USD/JPY 157.89
💵 Dollar index (DXY futures) ~101.8
🥇 Gold ~$3,900, bouncing from a one-year low as markets price about a 75% chance of a Fed hike in December 🦅
₿ Bitcoin ~$78,500 | Ξ Ethereum ~$2,296
Binance has reopened withdrawals after the $6.3B hack, and its proof-of-reserves report is expected around Nov 3 🔐
📅 Today: 🇺🇸 ISM Manufacturing PMI
⏭️ This week: 🇦🇺 RBA decision and 🇺🇸 midterm elections (Tue), 🇬🇧 BoE (Thu), 🇺🇸 NFP (Fri)
Go Back Go Back
