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European Morning Brief · Tuesday 10 November 2026

The Trade Academy Team

4 days ago

1 min read

Oil slides 6% on hopes of an Iran deal and Wall Street rallies — Seoul jumps 4% while Nvidia lags
Brent fell 6.3% on Monday to $92.17 and is at $90.81 this morning, after President Trump said renewed attacks on Iran were unlikely and Tehran's proposal to reopen the Strait of Hormuz headed to Washington, although no deal appears imminent. Cheaper oil eased inflation worries and Wall Street rallied: the Dow gained 2.15%, about 1,100 points, the Nasdaq 100 3.40%, and the VIX fell 22%. AMD jumped 13% on a broker upgrade and a Google Cloud chip deal, while Nvidia fell about 4% as its board investigates the chief executive. European shares rose 1.26%, led by banks and defence. In Asia, Seoul rose 4.39% and Tokyo returned above 60,000, while Mumbai was closed for Diwali. Europe has opened 0.9% higher. — Oil slides 6% on hopes of an Iran deal and Wall Street rallies — Seoul jumps 4% while Nvidia lags

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