Oil is driving the tape. Brent jumped to $107.72 (+2.97%) as US–Iran tensions around the Strait of Hormuz and a fresh Houthi front keep supply fears alive. A firmer dollar and rate-hike bets ahead of Wednesday's Fed decision (hike odds near 87%) are weighing on risk assets broadly.
🇯🇵 Asia sold off on the energy shock – Nikkei 225 down 1.51% to 63,045, a six-week low, also hit by AI-safety jitters.
🇭🇰 Hang Seng –0.5% to 24,687, a fourth straight losing session on oil and rate concerns.
🇨🇳 Shanghai Composite still near Friday's close of 3,888 (-1.18%), a two-week low – Monday's print not yet confirmed.
💱 EUR/USD – 1.1598, flat (-0.01%). Technicals lean Strong Sell as Citi flags rising geopolitical risk for the euro; UBS still sees another ECB hike in December.
🥇 Gold – $4,332.90 (-0.40%), losing ground as oil strength and Fed hike bets dull its appeal.
₿ Bitcoin – $77,324 (+0.12%), holding steady near recent levels.
📅 Week ahead: Fed decision Wed, UK CPI & US retail sales Wed, ECB speakers & BoE decision Thu, BoJ decision Fri.
⚠️ Markets stay news-driven – watch Hormuz headlines and Wednesday's Fed call.
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