Market News

Bitcoin tanked yesterday as the rout in the stock market triggered a strong risk-off sentiment across the board.

It looks like the market realised that the blue sweep is not a good thing amid more fiscal restraint and tighter regulation and restrictions on AI infrastructure.

Moreover, a Democratic Congress doesn’t limit Trump’s power to impose tariffs or continue the war with Iran. So, all in all, this should be a net negative for the growth outlook and therefore for risk sentiment, unless the US-Iran war finally ends.

Looking ahead, the focus will remain on US-Iran developments and the Fed. A breakthrough ion negotiations would be positive for Bitcoin on improving growth…

• Retail sales m/m -0.7% vs -0.1% expected
• Prior +0.1%
• Retail sales y/y +0.4% vs +0.6% expected
• Prior +0.8%
• Full report

Eurozone retail sales declined more than expected in September, falling 0.7% m/m. Germany recorded the largest monthly decline, with retail sales falling 2.0%. The EU-wide figure also weakened, dropping 0.6% m/m. The decline was primarily driven by non-food products, where sales volumes dropped 1.2% in the euro area and 1.0% across the EU. Food, drinks and tobacco sales also weakened, falling 0.3% and 0.4%, respectively. Automotive fuel was the only category to record an increase, rising 1.0% in the euro area and 0.1% in the EU.

On an annual basis, however, retail trade volumes remained positive, increasing by 0.4% y/y in the…

Gold came under some pressure yesterday amid the tech stocks rout. The good news is that we haven’t experienced the same strong liquidation that we’ve seen in the past weeks.

This might be due to the change in context and positioning. We now have a Democratic Congress which is going to restrain fiscal expansion and likely limit the rise in Treasury yields. At the same time, we still have the war in Iran that is likely to keep inflation expectations high.

The result is lower real yields, especially with the rout in tech stocks weighing on growth expectations and nominal yields.

The positioning in gold is also much less crowded than at the start of the year.…

• US economy remarkably resilient
• Growth has strengthened
• US facing unusual supply and demand shocks
• Remarkably stable and solid labour market
• We've seen tariffs effect work way through, mostly behind us
• Energy passing through to inflation as expected
• Inflation expectations well anchored
• Wage growth consistent with 2% goal
• This is appropriate time to gather more info

New York Fed President John Williams highlighted the resilience of the US economy while signalling that the Federal Reserve can afford to take time to assess incoming data before making further policy decisions.

Williams said economic growth has strengthened, describing the US economy as remarkably resilient despite facing unusual demand and supply-side shocks. He also characterised the…

US Democrats are reportedly targeting President Trump's tariffs on Canada as the first step towards rolling back parts of his administration's trade policy. Senator Wyden said there is overwhelming support for repealing tariffs on Canadian products. Meanwhile, BoC Governor Macklem said he remains optimistic about lower US tariffs but cannot rule out further escalation before trade conditions improve.

President Trump, in a Truth Social post, acknowledged the sharp equity market sell-off, saying stocks had suffered one of their worst days ever but would ultimately become bigger and stronger.

War Secretary Hegseth could reportedly face an impeachment vote as soon as next week. Secretary of State Rubio denied reports that he was considering…

●         Asian Stock Markets : Nikkei down 6.19%, Shanghai Composite down 1.14% Hang Seng down 1.17% ASX down 0.87%

●        Commodities : Gold at $4,049.47 (-1.56%) Silver at $51.415 (-1.83%), Brent Oil at 100.06 (1.81%), WTI Oil at 91.77 (1.38%)

●        Rates : US 10-year yield at 4.837, UK 10-year yield at 5.1363, Germany 10-year yield at 3.2466

●        (GBP) Official Bank Rate  4.00% to 4.00%  expected

●        (USD) Unemployment Claims  189K to 197K expected

U.S. stock futures declined Thursday evening following a sharp sell-off in artificial intelligence stocks that pushed the Nasdaq Composite into correction territory. Investors also turned their attention to…

Gold and other precious metals are showing signs of a potentially significant bullish reversal.

But not every investor wants to trade physical gold, futures or other metal-linked instruments.

One stock worth watching is Newmont Corporation (NYSE: NEM), a major gold producer. Its four-hour chart shows a promising technical development, although the most useful part of this analysis is not a prediction. It's the price map that can help us assess whether the breakout succeeds or fails.

I'm not recommending that readers buy Newmont. Technical patterns can fail, and even a strong rally in gold does not guarantee that gold-mining shares will follow.

A downtrend that may have turned into a bull flag

As discussed in investingLive's recent gold…

Europe Fundamental Forecast | 06 November 2026 | IC

What happened in the Asia session?

Today’s Asian session is dominated by a sharp deterioration in global risk sentiment following the heavy sell-off in U.S. technology and semiconductor stocks. Concerns about AI investment and potential regulatory changes have triggered significant losses in South Korea and Japan, increasing demand for safe-haven assets such as the Japanese yen and gold. The U.S. dollar remains relatively stable, while lower Treasury yields are providing some support for gold. Oil prices are gaining support from Middle Eastern geopolitical uncertainty, although concerns about weaker global economic growth remain a downside risk.

What does it mean for the European & US…