The Intelligence Layer Beyond Your Own Book

The US midterm results triggered a sharp rotation away from Asian chipmakers, while hopes of an agreement with Iran sent Brent crude below $95 and supported bonds and gold. Attention now turns to the Bank of England’s rate decision and upcoming US labour-market data.

A Democratic sweep of Congress pushed stocks and the dollar lower while supporting US Treasuries, as investors priced in greater political gridlock and tighter scrutiny of technology companies. Meanwhile, Asian markets remained volatile despite AMD signalling strong demand for AI-related data centre processors.

Asian equities and US technology futures fell as the chip sell-off deepened and investors turned cautious ahead of the US midterm elections. Meanwhile, Brent crude rebounded above $106 as markets assessed diplomatic efforts between the US and Iran.