Market News

The S&P 500 sold off sharply last week as weakness in technology and AI-related stocks weighed on the index. Concerns about the profitability of massive AI investments, disappointing corporate earnings and rising financing costs triggered a rotation away from growth stocks, while increasing uncertainty around future AI spending raised questions about the sustainability of the current earnings and growth outlook.

However, the weakness was led by a broader combination of negative macroeconomic, geopolitical and positioning risks. Higher-than-expected inflation data strengthened concerns about a prolonged tightening cycle from the Federal Reserve, while renewed US-Iran tensions…

It's not the first time this year that Wall Street is being put in a position with its back against the wall this year. But somehow, there is a different air of vulnerability to the latest selloff in tech shares than before this. In previous times, strong earnings was what came to the rescue for investors. This time around, it seems to be the case that even solid earnings isn't enough anymore as AI spending fears are taking over.

After the brutal selloff in October, dip buyers are desperately looking for a reason to put their toes back into the water. But as the market mood feels more fragile by the day, every disappointing earnings report or fresh AI spending concern is threatening to send investors running for the exits.

And looking…

Crude oil extended the losses yesterday as hopes for a US-Iran deal strengthened after Iran’s President said the Supreme Leader had granted the government additional authority regarding negotiations.

Markets interpreted the news as a sign of greater flexibility to reach an agreement, as strategic decisions are always in the hands of the Supreme Leader.

However, oil prices pared some of the losses after the US struck sites on Iran’s Qeshm Island overnight. US officials said the strikes were in response to Iran firing at a US aircraft and did not signal the start of a broader military operation.

Trump said he was not looking to strike Iran after the midterm elections,…

Solana sold off sharply on Thursday following the news of the Binance hack, with concerns about potential contagion across the crypto ecosystem weighing on sentiment. The increase in liquidations amplified the downside, with SOL especially vulnerable given its higher volatility and speculative positioning.

Nevertheless, Solana eventually rebounded as Binance pledged to cover customer losses and concerns gradually eased. Improving sentiment around US-Iran negotiations also helped support risk appetite.

Looking ahead, the macro backdrop remains challenging amid inflation risks, growth concerns, expectations of further Fed tightening and geopolitical uncertainty limiting a…

Ethereum sold off on Thursday following the news of the Binance security breach. The sharp increase in liquidations across the market amplified the downside.

Nevertheless, Ethereum eventually rebounded as Binance pledged to cover customer losses and concerns about broader contagion gradually eased. Improving sentiment around US-Iran negotiations and the prospect of lower oil prices also helped support risk appetite.

Looking ahead, the macro backdrop remains challenging with inflation risks, growth concerns, expectations of further Fed tightening and geopolitical uncertainty limiting the potential for a sustained recovery.

We will likely need a breakthrough in US-Iran negotiations or…

IC – Europe Fundamental Forecast | 03 November 2026

What happened in the Asia session?

Asian markets are experiencing mixed sentiment, with technology stocks under pressure as investors become increasingly cautious about large AI investments and prepare for the US midterm elections.

Oil remains under pressure following its sharp decline on renewed hopes of US-Iran diplomatic negotiations. This could provide some relief to oil-importing economies and currencies, although geopolitical risks remain.

The Australian dollar is particularly important today because of the RBA’s expected interest-rate increase to 4.85%.

What does it mean for the European & US sessions?

Global markets are entering Tuesday with several important…

Oil Crashes as Peace Hopes Increase – Brent Down 8%

US stock markets experienced a mixed trading session yesterday, with technology stocks once again coming under pressure despite a sharp decline in oil prices as hopes of a potential peace agreement in the Middle East increased. The Nasdaq led the losses, falling 1.07% to close at 25,164, while the broader S&P 500 dropped 0.51% to finish at 7,541. The Dow Jones managed to buck the negative trend, gaining 0.41% to close at 51,983. Investors remain cautious ahead of today’s US mid-term elections, with ongoing concerns surrounding technology sector valuations continuing to weigh on sentiment despite the prospect of easing geopolitical tensions.

US Treasury markets experienced a…

●         Asian Stock Markets : Nikkei down 0.33%, Shanghai Composite down 0.71% Hang Seng up 0.44% ASX up 0.27%

●        Commodities : Gold at $3,935.25 (-0.87%) Silver at $49.765 (-2.21%), Brent Oil at 104.87 (0.08%), WTI Oil at 96.70 (0.24%)

●        Rates : US 10-year yield at 4.903, UK 10-year yield at 5.1975, Germany 10-year yield at 3.2908

●        (USD) ISM Manufacturing PMI

         55.5 to 54.5  expected

U.S. stock futures were little changed on Monday night as investors assessed Apple’s quarterly earnings and prepared for the U.S. midterm elections. Dow futures rose 24 points, while S&P 500 futures gained 0.1% and Nasdaq-100 futures advanced 0.3%.

Apple…

Gold spiked to the upside yesterday as expectations for a US-Iran deal strengthened after Iran’s President said that the Supreme Leader granted the government certain authorities regarding negotiations.

The markets took the news as a signal for greater flexibility to reach a deal since strategic decisions remain under the authority of the Supreme Leader.

The gains faded, though, after the US struck sites on Iran’s Qeshm Island overnight, with US officials saying the strike was in response to Iran firing at a US aircraft and did not mark the start of expanded US operations.

Trump said that he’s not looking to strike Iran after the midterm elections, but officials…

European equities are starting the session on the backfoot as major indices in the region are seeing red across the board. This comes as broader market sentiment remains fragile after the turnaround selling in Wall Street overnight. Spanish and Italian stocks are leading the declines, while the DAX and Eurostoxx are also facing notable selling pressure.

Here's how things are shaping up at the open:

• Eurostoxx -0.9%
• Germany DAX -0.9%
• France CAC 40 -0.5%
• UK FTSE 100 -0.3%
• Spain IBEX -1.1%
• Italy FTSE MIB -1.1%

It's looking like a rough one with European indices also needing to account for the late retreat in US stocks yesterday too. The continued selling pressure isn't providing much confidence for dip buyers, especially with US political uncertainty…