GLOBAL MARKETS
Fed: Strong US employment data pushed expectations of a December rate hike close to 80%. Tuesday’s CPI report is in focus.
Equities: Asian stocks and US futures are recovering after last week’s sharp technology sell-off. AI investment profitability remains a key concern.
Oil: Brent trades near $98 as hopes of progress in Iran negotiations ease geopolitical supply concerns.
Gold: Gold remains above $4,100. Lower oil prices and geopolitical uncertainty provide support, while strong US jobs data limits gains.
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Global Market News Summary — 9 November 2026
- The Nasdaq Composite rose 1.09% on Friday, after falling 5.52% on Thursday in one of the year’s sharpest sell-offs. Nvidia gained 5.6% following its worst session since January 2025. October nonfarm payrolls rose 165,000 against a forecast of about 65,000, and unemployment eased to 4.1%. Three House committee chairs have requested a closed-door briefing from Nvidia CEO Jensen Huang on his contacts with a Megaspeed executive, proposing 18 November; Nvidia has denied the allegations.
- The DAX closed 2.2% higher on Wednesday, approaching its August record, while Rheinmetall fell 3% on concerns over US defence spending shifts. European shares closed lower on Friday, ending the week as Wall Street rebounded.
- The Nikkei 225 fell 5.96% on Friday, its lowest since April, posting a weekly loss above 9%. On Monday the index rose about 3.3% to above 59,300, with the Topix up close to 3.4%. Japanese nominal wages grew at their fastest pace in nearly three decades, and Japan reportedly spent a record $50 billion in a single day defending the yen.
- Spot gold slipped 0.94% to $4030 on Friday after the stronger payrolls data lifted the dollar and yields. Gold firmed on Monday on US–Iran deal hopes and a softer dollar.
- Brent futures traded at $97,04 early Monday, up from $96.65 late Friday. President Trump said renewed strikes on Iran were highly unlikely while talks progress, but Secretary of State Rubio said negotiations were not productive. Iran’s navy reported a tanker caught fire after striking a mine east of the Strait of Hormuz. Russia, Ukraine and the US are scheduled to hold peace talks in Abu Dhabi on 10–11 November.
FED RATE HIKE BETS SUPPORT THE DOLLAR AS AUSSIE AND KIWI REBOUND
- USD: The dollar remains near a 1.5-year high against the euro following strong US jobs data.
- Fed: Markets price in an 81% chance of a December 9 rate hike, up from 71% last week.
- EUR & GBP: EUR/USD recovered to 1.1159, while GBP/USD rose to 1.3381.
- AUD & NZD: The Aussie gained 0.4% and the Kiwi jumped 0.8% as risk appetite improved.
- Equities: Asian markets rebounded, led by gains in Taiwan’s Taiex (+5.3%) and Japan’s Nikkei (+2.8%).
- AI & Politics: AI regulation concerns persist following the Democrats’ election victory, but strong US economic data continues to support the dollar.
Global Market News Summary — 9 November 2026
- The Nasdaq Composite rose 1.09% on Friday, after falling 5.52% on Thursday in one of the year’s sharpest sell-offs. Nvidia gained 5.6% following its worst session since January 2025. October nonfarm payrolls rose 165,000 against a forecast of about 65,000, and unemployment eased to 4.1%. Three House committee chairs have requested a closed-door briefing from Nvidia CEO Jensen Huang on his contacts with a Megaspeed executive, proposing 18 November; Nvidia has denied the allegations.
- The DAX closed 2.2% higher on Wednesday, approaching its August record, while Rheinmetall fell 3% on concerns over US defence spending shifts. European shares closed lower on Friday, ending the week as Wall Street rebounded.
- The Nikkei 225 fell 5.96% on Friday, its lowest since April, posting a weekly loss above 9%. On Monday the index rose about 3.3% to above 59,300, with the Topix up close to 3.4%. Japanese nominal wages grew at their fastest pace in nearly three decades, and Japan reportedly spent a record $50 billion in a single day defending the yen.
- Spot gold slipped 0.94% to $4030 on Friday after the stronger payrolls data lifted the dollar and yields. Gold firmed on Monday on US–Iran deal hopes and a softer dollar.
- Brent futures traded at $97,04 early Monday, up from $96.65 late Friday. President Trump said renewed strikes on Iran were highly unlikely while talks progress, but Secretary of State Rubio said negotiations were not productive. Iran’s navy reported a tanker caught fire after striking a mine east of the Strait of Hormuz. Russia, Ukraine and the US are scheduled to hold peace talks in Abu Dhabi on 10–11 November.



