🛢️ Geopolitics drives the day
A drone strike on Saudi Aramco’s Shaybah field and the US ordering some staff out of its Saudi embassies revived supply fears. Reports of possible US–Israeli strikes on Iran after the midterms add to the tension. Brent is near $111 (+1.9%) and WTI near $98.7 (+1.6%), which keeps inflation worries alive. ⚠️
🌏 Asia sells off
🔻 Nikkei 225: –2.2%, near 63,200
🔻 Hang Seng: –3.0%, near 22,940
🔻 Kospi: –3.8%, near 5,520, after the Bank of Korea held at 3.00%
🔻 Shanghai Composite: –1.35%, near 3,660
🔻 ASX 200: –0.4%
Doubts about AI spending returns and weak tech and battery stocks led the decline. 🤖
🇺🇸 Wall Street closed higher
📈 Dow +0.7% to 52,856
📈 S&P 500 +0.6% to 7,757
📈 Nasdaq +1.05% to 26,703
SpaceX and chip stocks led the gains, while Netflix and AT&T fell about 5%. 🚀
💱 Currencies and metals
💶 EUR/USD: 1.1243 (+0.09%)
💷 GBP/USD: 1.3398
💴 USD/JPY: 157.71 (–0.26%)
🥇 Gold: about $4,092 (–1.2%), pressured by higher yields and profit-taking
🥈 Silver: about $56.4 (–2.8%)
₿ Bitcoin: about $82,900 (+0.3%)
📅 Today’s calendar
🇺🇸 Jobless claims (forecast 200K, previous 199K)
🇪🇺 Consumer confidence (forecast –17.0, previous –16.5)
🇬🇧 GfK consumer confidence (forecast –14, previous –13) and a speech by BoE Governor Bailey
🏦 Next week, the Fed is expected to hold rates, though a December hike is still priced in.
🎯 Focus: Oil and Middle East headlines will set the next move in equities, gold and the dollar. 👀
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