Episode Details
Back to Episodes
Financial Market Preview - Monday 2-Nov
Description
US futures point to a higher open, while European markets opened modestly higher. The US dollar is edging lower, with Asian currency pairs largely quiet. Treasuries and JGBs are mixed. Crude prices are sharply lower, with Brent back at $110/bbl. Precious metals are rising, while base metals are falling. Cryptocurrencies are under renewed pressure. Europe is getting no help from the turnaround in Asia’s AI trade or easing energy prices. Oil is pulling back on reports of talks between Qatari mediators and Iranian officials to reopen the Strait of Hormuz within two days. Iran reiterated its preconditions, while security chief Rezai noted a shift in US tone and claimed Washington was ready to accept Tehran’s terms. Fears of conflict after the midterm elections remain high as Trump and Iran continue their war rhetoric.
Companies mentioned: Meta, Alaska Air, Okta