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World briefing — November 10, 2026

As of 2026-11-10

What changed since yesterday

World trends

War & Conflict

Hopes of renewed Iran talks sent oil sharply lower; the conflict's intensity is unchanged. Reports on the aftermath of the Kyiv strike and whether the Abu Dhabi trilateral talks (Nov. 10-11) open are awaited, and the other 12 conflicts show no confirmed new developments.

Geopolitics & Diplomacy

Israel moved most: on 11/8 President Herzog gave opposition leader Eisenkot the mandate, leaving Netanyahu as caretaker. Recommendations ran 67 to 46, but mutual bloc vetoes make a majority coalition uncertain and a minority-based emergency government is discussed. New MKs are sworn in 11/10.

In the US, the post-midterm Senate map is not final. With Democrats at 54+, Mississippi (Colom narrowly ahead, certification 11/13) and Alaska (ranked-choice tally 11/18) remain uncalled, with GOP provisional-ballot demands and a DOJ suit against certification as wildcards.

US-China face the 11/10 expiry of the rare earth suspension. No extension deal was confirmed as of 11/8, leaving uncertainty; officials have floated multi-month extensions.

No new developments were confirmed on Russia-Ukraine talks or Iran-Hormuz as of 11/8; the prior picture (reported 11/10-11 Abu Dhabi talks, Iran denying it asked to resume talks) stands.

On health, DRC Ebola (Bundibugyo) stands at 10,668 confirmed and 5,198 deaths (to 11/3), with 9 cases in Kenya and 1 in Nigeria; the medevac of an infected British health worker raises concern over spread.

Finance & Economy

US stocks rebounded sharply on Monday, Nov. 9, after the prior week's rout. The S&P 500 rose 2.35% to 7,549.94, the Nasdaq 2.74% to 25,253.14 and the Dow 2.15% to 52,389.75, the biggest gains since April (provisional). Brent fell 5.85% to $92.57 on hopes of renewed Iran talks and the VIX dropped to around 20. The KOSPI, by contrast, fell 0.81% to 5,018.85 as foreigners sold for a seventh straight session. Ahead of October CPI on Nov. 10, markets price about an 80-plus percent chance of a December Fed hike.

October nonfarm payrolls rose 165,000, far above expectations of roughly 60,000, and unemployment fell to 4.1%. Average hourly earnings rose 0.4% on the month. Odds of a 25bp Fed hike in December rose to 77-81% and the dollar index jumped about 0.6-0.8%. The 10-year yield ranges from 4.83% to 4.90% by outlet. The policy range stays at 3.75-4.00%, with October CPI on Nov. 10 the next catalyst.

The VIX closed at 28.18 on Thursday, up about 70%, so the 22.93 tally appears erroneous. It fell to 23.72 on Friday (single source). Bitcoin stalled near $75,000 and US spot ETFs saw $430 million of net outflows on Thursday.

Asia absorbed the fallout from Thursday's US rout. The KOSPI plunged 6.02% to 5,059.69, an eight-month low, with foreigners net selling about 2.8 trillion won. The won weakened 14.5 to 1,356.6 per dollar. The Nikkei fell about 6% to 57,434.77, Taiwan's Taiex fell 4.51% to 39,701.64 (down as much as 9% intraday), and the Shanghai Composite and Hang Seng fell 1.10% and 1.27%.

European stocks joined the chip selloff. The DAX fell 1.92%, the CAC 40 0.81% and the FTSE 100 1.01% (single-source tally). EUR/USD slid to about 1.114 on dollar strength and USD/JPY moved back to the low 158s.

Energy and metals diverged on the week. Brent fell about 13% on Iran peace hopes, though Friday's settlement was little changed at $90.83 for WTI and $98.32 for Brent (single source). COMEX December gold fell 0.96% to about $4,074, yet spot gold rose about 5% on the week; one report says Goldman Sachs cut its year-end gold forecast (unconfirmed).

Central banks leaned toward tightening. The Bank of England raised Bank Rate to 4% by an 8-1 vote, as its own release confirms. A single-source report says the RBA lifted its rate to 4.85% on Nov. 3. On the corporate side, Nvidia rebounded about 4%, Lam Research jumped on a $25 billion buyback authorization, and Airbnb and Cloudflare rose on results and guidance (premarket figures).

Tech & Energy

Ahead of the Nov 10 expiry of China's rare earth control suspension, no MOFCOM extension or reinstatement notice was confirmed as of early Nov 9. The April 2025 seven-element licensing stays, and an extension to Jan 10, 2027 to match the US-China truce is floated.

Anthropic's IPO roadshow can begin from Nov 10 under the 15-day rule after the Oct 26 public S-1. Timing is split between the weeks of Nov 9 and Nov 16, and no price range (S-1/A) is out, so it remains unconfirmed.

On energy, Brent fell 16.9% on the week to $98.32 on Nov 6 on hopes of a US exit from the Iran war after the midterms. Nov 9 prices were not confirmed.

In Hormuz, Iran's navy claimed a tanker hit a mine on Nov 8 and transits remain well below normal. Iraq says it reached understandings with the US on exports via a lane near Oman.

Energy: no new OPEC, LNG or Hormuz developments around Nov 6 were confirmed. The earlier OPEC+ December target freeze (Nov 1), the Nov 29 full meeting, and Qatar LNG's lack of a bypass route still stand.

Active conflicts

Key indicators

Fed policy rate3.75-4.00% ―[As of Mon 11/9] The Fed held at the Oct. 28 FOMC in a 10-2 vote, with Governor Cook and Cleveland Fed President Hammack dissenting in favor of a quarter-point hike. The odds of a December hike are in the mid-80% range (about 84% on CME FedWatch, per reports). October CPI is due Tuesday at 8:30 a.m. ET (consensus +0.3% m/m, core +0.2%).
S&P 5007,549.94 (+2.35%) ▲[Mon 11/9 close] The index gained 173.08 points for its best day since April as dip buyers returned after last week's AI chip rout; all 11 sectors rose. Nvidia fell about 4.3% to $178.67 (single-source report). The Dow rose 2.15% to 52,389.75 (+1,104.02).
Nasdaq Composite25,253.14 (+2.74%) ▲[Mon 11/9 close] The Composite rose 673.71 points and climbed out of correction territory as chip stocks rebounded sharply, though Nvidia lagged and fell. Nvidia reports earnings Nov. 17.
US 10-year Treasury yieldAbout 4.88% ▲[Mon 11/9] The 10-year yield rose more than 1 bp to 4.876% per CNBC (4.88% per Trading Economics) as traders awaited October CPI and producer prices, with last Friday's strong jobs report still in focus.
VIX volatility indexAbout 20.0 (Nov. 6 close about 25.6) ▼[Mon 11/9, preliminary] The VIX fell to 20.02 (19.92 in some tallies) as stocks surged. The prior close is reported as 25.64 in some data, which differs from the 23.72 cited earlier.
Oil (WTI/Brent)WTI $86.75 / Brent $92.57 (Jan) ▼[Mon 11/9 settle, preliminary] Oil tumbled after Trump said fresh attacks on Iran were highly unlikely while talks progress and as US and Qatari leaders discussed relaunching negotiations. Per Reuters, Brent settled down $5.75 (5.85%) at $92.57; WTI fell about 4.5% to $86.75 (some reports show $87.3, so figures vary). Brent fell 16% last week.
Gold$4,074.05/oz (COMEX Dec) ―[Nov. 6 COMEX December settle held] Spot gold rose 1.2-1.7% on Nov. 9 to about $4,120-4,140 amid lower oil and a weaker dollar. The COMEX settlement was not confirmed, so the futures-based figure is left unchanged.
BitcoinAbout $74,500 ▼[24-hour market, preliminary] Bitcoin traded around $74,549 at about 7:30 a.m. ET Monday, with other venues showing $74,281-$74,607, slipping below $75,000 from about $75,700 on 11/7. A separate quote for Tuesday morning could not be confirmed.
USD/KRWKRW 1,347.1 (Seoul 3:30 pm close, 11/9) ▼The won closed at 1,347.1 per dollar, down 9.5 won on the day (a stronger won), at the 3:30 p.m. Seoul close. That close came before the New York rally and the oil slide, so it does not reflect Monday's US session. The dollar index was 102.09 at 3:30 p.m. (102.30 prior). Dollar selling by chip exporters capped gains despite foreign equity selling.
USD/JPYabout 158.3 yen ―[Nov. 6 value held] A single source put the pair near 157.9 yen on Nov. 9 on a softer dollar; not independently confirmed.
EUR/USDAbout 1.122 ―[Nov. 6 value held] A single source put the euro near $1.123 on Nov. 9 on a softer dollar; not independently confirmed.
KOSPI5,018.85 (-0.81%) ▼[Mon 11/9 regular-session close] The Kospi fell 40.84 points. It rose as high as 5,172.94 around midday before turning lower after 2:30 p.m. Foreigners were net sellers for a seventh straight session since Oct. 30, after about 10.4 trillion won of net selling last week (Nov. 2-6) when the index lost 11.7%. The move contrasted with rebounds elsewhere in Asia; wire reports of a 5,137 gain were intraday, not the close.

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