Stock Selloff Eases in Asian Trade, Oil Declines: Markets Wrap
- Brent crude fell to about $111.71 a barrel on Monday following reports that President Donald Trump wants to give diplomacy more time before deciding whether to resume strikes on Iran.
- Prices remain well below levels reached in March, when US and Israel attacked Iran, reflecting a shift toward diplomatic resolution rather than military escalation.
- Asian equity markets opened cautiously as the MSCI Asia Pacific Index fell 0.5%, though US equity futures climbed at least 0.4% on Monday, signaling potential recovery when cash markets reopen.
- Binance recorded a $3.6 billion net outflow Sunday after restoring withdrawals following Thursday's $6.3 billion hack, while investors brace for volatility around the November 3 midterm elections.
- Morgan Stanley chief equity strategist Mike Wilson said there are a few "clearing events" ahead that could temporarily push stocks lower, creating a potential buying opportunity for investors later in November.
12 Articles
12 Articles
Globes presents its first update on the state of markets around the world • And this morning: Increases in Asia and in futures contracts in New York • Oil prices fall by over 3% • Investors are preparing for a week packed with financial reports, employment data and the midterm elections for the US Congress • Morgan Stanley: The elections don't change, the decline is a buying opportunity
After the recent losses, investors in Asia are picking up again. Strong business figures and hopes for government support measures in China are boosting.
SWI swissinfo.ch
The Hindu Business LineStock Selloff Eases in Asian Trade, Oil Declines: Markets Wrap
(Bloomberg) -- A selloff in stocks eased during Asian trading on Monday as regional equities fell less than their Wall Street peers and US equity futures turned higher. Oil declined.
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