Macro theme
Hopes for US–Iran diplomacy sent Brent down 5.8% on Monday (it was above $112 at the start of the month). Lower oil eased inflation fears, weakened the dollar and lifted risk assets worldwide.
Wall Street (Monday close)
S&P 500 +2.35% to 7,549.94, Dow +2.15% to 52,389.75, Nasdaq +2.74% to 25,253.14. The VIX fell to 19.92. Most of last week’s AI and midterm-driven losses are recovered.
Asia (live)
Nikkei 225 +2.70% to 60,362
Kospi +4.07% to 5,223 🔥
Hang Seng +0.50% to 24,572
Shanghai +0.15% to 3,666
ASX 200 +1.10% to 9,129
Commodities and FX
Gold: ~$4,122 | Silver: ~$53.26
Brent: ~$91.46 | WTI: ~$85.76
DXY: 101.65 | EUR/USD: 1.1229
Crypto
Bitcoin ~$74,580 | Ethereum ~$2,120
Today’s focus
US CPI for October at 13:30 GMT. Forecasts are +0.3% m/m for headline and +0.2% for core. There is no official annual rate because of last year’s shutdown. This is the last CPI before the December 9 FOMC, and a December Fed hike is widely priced in.
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