Market Minutes
Read snapshots of the latest market news
Iran tensions lift oil, US housing weakens and Huang's exit weighs on Nvidia
US stock markets retreated amid surging energy prices. US existing home sales declined to a multi-year low amid elevated mortgage rates. Additionally, Jensen Huang's resignation from Nvidia dampened investor sentiment.

Fed tightening expectations rise; Mexico output falls
Distressing US inflation figures have fuelled Federal Reserve interest rate hike expectations and strengthened the US dollar. Meanwhile, Mexico’s industrial output fell sharply in September (monthly change).

US inflation tops forecasts; China trade weakens; Anthropic eyes $1.4tn IPO valuation
Higher-than-expected US inflation has heightened Federal Reserve rate-hike probabilities, boosting the US dollar and bond yields. Concurrently, China's trade surplus narrowed amid surging high-tech imports, whilst Anthropic targeted a $1.4tn IPO valuation.

Nvidia falls amid scrutiny of CEO Jensen Huang; Chinese inflation slows
Nvidia shares tumbled after reports of an internal investigation into CEO Jensen Huang intensified market scrutiny of the company. Concurrently, slowing Chinese inflation signalled persistent weakness in domestic demand.

US labour market strengthens as Canadian jobless rate surprises higher
Robust US job gains and a falling unemployment rate have reinforced expectations of a monetary policy rate hike and bolstered the US dollar, contrasting sharply with Canadian job losses and rising unemployment driven primarily by trade tariffs.

Semiconductor selloff weighs on markets; BoE hikes rates
US markets plummeted over AI regulatory fears following midterm election results, while the Bank of England raised interest rates to 4.0% and Eurozone producer prices surged due to Middle Eastern energy shocks.

Democratic midterm victory lifts US equities as services activity softens
The US stock market rallied following the Democratic victory in the midterm elections, which reduced political uncertainty and drove crude oil prices lower, while economic data indicated ongoing expansion in US services and accelerating European inflation.

AMD beats expectations as US job openings rise and RBA hikes rates
AMD exceeded expectations with robust third-quarter revenue and EPS growth, whilst US job openings rose unexpectedly and the Reserve Bank of Australia (RBA) raised interest rates to combat persistent inflationary pressures across Australia.

Oil prices plunge on US-Iran talk hopes; US manufacturing activity strengthens
Oil prices declined sharply following signals of potential US–Iran diplomatic talks, while the US manufacturing Purchasing Managers' Index (PMI) exceeded expectations, driven by robust demand across artificial intelligence (AI) infrastructure.

US indices retreat on earnings disappointments; EU GDP exceeds expectations
US stocks fell following disappointing Amazon and Intel quarterly results and mounting doubts over artificial intelligence (AI) spending, whilst resilient European Union third-quarter GDP growth surpassed forecasts, underpinned by robust investment and government expenditure.
