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Morning Bid: Fragile calm after AI whiplash
Reuters • • business
Key Points:
- Asian shares rebounded and US equity futures rose following the Democrats' midterm election victory, which initially caused volatility in AI-related trades.
- Wall Street ended higher on Friday, encouraging dip buyers ahead of a light week for major macroeconomic events.
- Investors are focusing on Tuesday's US CPI report after a strong jobs report, with markets pricing in an 80% chance of a Federal Reserve rate hike next month.
- Oil prices eased after US President Donald Trump indicated he is unlikely to order new attacks on Iran if peace talks progress.
- Key market-moving data on Monday includes German trade figures for September, the Eurozone Sentix index for November, and French and German debt auctions.
