01·The Lead
Prices run hot.
US consumer prices rose 0.4% in October, above the 0.3% economists expected, Yahoo Finance reported.
- Core prices: excluding food and energy, prices rose 0.3%, against a 0.2% forecast.
- No yearly rate: it was not published, because the 2025 government shutdown limited the year-earlier data.
- Rate bets: traders put the chance of a quarter-point Fed hike in December at 84% after the release, Yahoo Finance reported.
- Fed Governor Christopher Waller: said before the data that “hiking only 25 basis points would put our credibility at risk.”
02·Market Reactions
US stocks slip, gold drops.
- Gold: fell as the dollar strengthened on the inflation data, Yahoo Finance reported.
- Oil: Brent dipped below $90 during the session for the first time since August, CNBC reported.
- ING: strategists said the market “has continued to unwind some of the geopolitical risk premium,” the war-risk markup in prices.
Tuesday 10 Nov closes; oil at settlement.
19.46
VIX
−2.31%
−0.68%
Russell 2000
Tuesday
102.23
Dollar index
+0.57%
$51.10
Silver
−2.78%
Equities
| S&P 500 | −0.38% | |
| Nasdaq Composite | −0.74% | |
| Stoxx 600 | +0.27% | |
| FTSE 100 | −0.29% | |
| DAX | +0.31% | |
| Nikkei 225 | +2.87% | |
| TASI (Saudi) | +0.61% | |
| ADX (Abu Dhabi) | +0.77% | |
| DFM (Dubai) | +1.36% |
Commodities
| Brent (Jan) | $91.49 | −1.17% |
| WTI (Dec) | $86.04 | −0.93% |
| Gold (Dec) | $4,030.20 | −2.05% |
Rates
| US 10-Yr | 4.98% | +11.9bp |
FX
| EUR/USD | 1.1168 | −0.50% |
Digital Assets
| Bitcoin | $73,629 | −1.11% |
03·Chart of the Day
Yields climb across the curve.
US Treasury yields · close Tue 10 Nov
Tuesday’s move, in basis points.
Change from Monday’s close; 100 basis points = 1 percentage point.
3-month+8bp
5-year+15bp
10-year+12bp
30-year+9bp
Source: Yahoo Finance closing yields, 9–10 Nov.
04·What Else Matters
AI’s big names, both ways.
Nvidia
A second day of losses
- Shares: fell 5.47% on Tuesday, after a drop of more than 4% on Monday, CNBC reported.
- The Information: reported that at least $7.5 billion of Nvidia hardware reached Chinese companies through a network linked to Alice Huang since 2023, citing two people who knew her.
- Yorkville Ives & Co: Dan Ives said investor chatter assigns “roughly a 15% chance” that Jensen Huang is removed as chief executive.
CNBC, Yahoo Finance · 10 Nov
Listing
Anthropic sets its price range
- Terms: the AI company plans to sell 825 million shares at $70 to $78 each, an updated filing showed.
- Value: up to $1.4 trillion, Fortune reported; trading could start next week.
Fortune, Yahoo Finance · 10 Nov
Results
CoreWeave beats forecasts
- Revenue: $3.66 billion in the third quarter, above the $3.55 billion analysts expected, CNBC reported.
- Backlog: orders still to be delivered reached $132.5 billion, up from $104 billion in June.
- Shares: rose in extended trading after a fall of more than 40% over the past month.
CNBC · 10 Nov
05·MENA Focus
Gulf shares rise, Iran denies talks.
- Gulf markets: Dubai led gains as Emirates NBD rose 3.5%; Saudi Aramco fell 1.9%, Reuters reported.
- Iran: Mohsen Rezaei, secretary of the Supreme National Security Council, told Washington to “stop manufacturing fake news about imaginary talks,” Euronews reported.
- Qatar: media reports, citing Turkish intelligence chief Ibrahim Kalin, said Doha would host a Vance–Rezaei meeting next week; Iran’s foreign minister denied one was planned.
- Hormuz: Iran’s Revolutionary Guards said two tankers caught fire after hitting mines, Reuters reported.
- Saudi Arabia: the Saudi-led coalition said it intercepted two Houthi missiles aimed at Riyadh, Reuters reported.
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