Oil prices continued to rise, and Brent futures rose 1.7% to around $100 per barrel. The January contract still fell by a total of about 12% this week, but the market's previous optimism about the rapid end of the war with Iran began to subside. Global stock markets are already under pressure from the US midterm election results and potential regulatory changes in the AI sector. The rebound in oil prices is tantamount to making matters worse. The Nasdaq 100 Index recorded its biggest decline since March 2020 on Thursday. The Asian stock market followed suit, weakening, and the Korea Composite Index and Nikkei Index both fell by about 6%. European stock market futures opened low, and the recent decline of Stoke 50 futures widened to more than 1%; NASDAQ 100 futures rose 0.8%, showing initial signs that the sell-off is stabilizing. The trend of US bonds was stable, maintaining the gains of the previous trading day. The yield on US 10-year treasury bonds remained flat at 4.83%. Bloomberg's dollar spot index rose 0.1%, returning to near the level before the election results were clear. The Australian dollar and the New Zealand dollar had the highest declines against the US dollar, and the Swiss franc was the most resistant to falling. Precious metals prices have declined.

Zhitongcaijing · 2d ago
Oil prices continued to rise, and Brent futures rose 1.7% to around $100 per barrel. The January contract still fell by a total of about 12% this week, but the market's previous optimism about the rapid end of the war with Iran began to subside. Global stock markets are already under pressure from the US midterm election results and potential regulatory changes in the AI sector. The rebound in oil prices is tantamount to making matters worse. The Nasdaq 100 index recorded its biggest decline since March 2020 on Thursday. The Asian stock market followed suit, weakening, and the Korea Composite Index and Nikkei Index both fell by about 6%. European stock market futures opened low, and the recent decline of Stoxx 50 futures extended to more than 1%; NASDAQ 100 futures rose 0.8%, showing initial signs that the sell-off is stabilizing. The trend of US bonds was stable, maintaining the gains of the previous trading day. The yield on US 10-year treasury bonds remained flat at 4.83%. The Bloomberg dollar spot index rose 0.1%, returning to near the level before the election results were clear. The Australian dollar and the New Zealand dollar had the highest declines against the US dollar, and the Swiss franc was the most resistant to falling. Precious metals prices have declined.