US President Trump says market holding up well; oil will be coming down
Newsquawk Staff ·
US President Trump says market holding up well; oil will be coming down.
What it means
Trump's comments about market resilience and anticipated declines in oil prices suggest a stabilizing sentiment in equities and a potential easing in inflationary pressures from energy. This could influence risk sentiment across the board, impacting currencies and commodity prices, particularly in the energy sector. Traders might view this as either a reassurance for equities or a signal for greater volatility in oil markets, depending on geopolitical dynamics.
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
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