Daily report
Tuesday 3 November 2026
4 stories
Published 07:04 CET
Tuesday turns on the US midterms and the Nasdaq 100's correction, with oil down on US-Iran talks and AMD after the close.
Market snapshot
Calendar
- 3 NovShopify Inc. earningsEPS $0.33 · EPS $0.27 a year ago
- 3 NovPfizer, Inc. earningsEPS $0.72 · EPS $0.87 a year ago
- 3 NovEaton Corporation, PLC earningsEPS $3.54 · EPS $3.07 a year ago
- 3 NovMarathon Petroleum Corporation earningsEPS $25.74 · EPS $3.01 a year ago
- 3 NovJOLTS Job Openings7.15M · 7.08M
- 3 NovCongressional Elections
- 3 NovAdvanced Micro Devices, Inc. earningsEPS $1.68 · EPS $0.97 a year ago
- 3 NovAmgen Inc. earningsEPS $5.74 · EPS $5.64 a year ago
- 3 NovArista Networks, Inc. earningsEPS $0.99 · EPS $0.67 a year ago
- 3 NovBooking Holdings Inc. earningsEPS $4.48 · EPS $3.98 a year ago
- 4 NovUS ISM services PMI
- 4 NovArm and Qualcomm report
- 6 NovUS payrolls for October
Today’s stories
Open a story for context and sourcescommoditiesHotOil falls 8% on US-Iran talks hopes as Gulf flows riseOil fell about 8% on Monday on hopes for US-Iran talks, and Middle East oil markets flash signs of abundance as flows rise, per Bloomberg
What happened
Iran's president said the Supreme Leader granted the government powers for talks with the US, per IRNA via Javier Blas. The Middle East physical premium (Oman vs Dubai) plunged to almost zero from over $30 a barrel in mid-September, and the WTI perp is 97.437 (-3.15% over 24 h).
What it means today
Iran talks headlines reach the WTI perp at any hour; the 15:30 CET US open and the midterm results Wed in Asian hours are the next sessions to price them. A deal or a strike moves the WTI perp, gold and the rate-hike odds behind the index perps on the account, at hours when the cash market is shut.
Running story: Gulf oil supply · since 2 Oct
equitiesHotNasdaq 100 in correction as Apple and Oracle weighThe Nasdaq-100 fell into its third correction this year as AI worries mount, per MarketWatch, after Apple dropped on a weak margin forecast
What happened
Apple's stock dropped on a weak margin forecast in Ternus' first earnings report, per CNBC, and Oracle sold $10B of stock at $116, an 11% discount to Friday's close, per zerohedge. Copper and tin fell on the renewed AI selloff, per Bloomberg, and the Nasdaq 100 perp is 27960 (-2.46% over 24 h).
What it means today
The 15:30 CET US open prices Apple's margin outlook and Oracle's $10B share sale; AMD reports after the 22:00 CET close, and the Nasdaq 100 perp prices it overnight. The Nasdaq 100 perp and tokenized $NVDA and $AAPL on the account price the AI selloff and tonight's AMD report hours before the next cash open.
Running story: AI earnings week · since 26 Oct
cryptoHotBinance has spent half its SAFU bitcoinBinance has spent half the bitcoin in its SAFU user-protection fund, about $580 million worth, data shows, per CoinDesk
What happened
The FBI tied the 29 Oct hack to North Korea's TraderTraitor group, and Kim Yo Jong denied Pyongyang's role, per Wu Blockchain. The BTC perp is 76583.2 (-2.18% over 24 h) and HYPE 83.0673 (-5.08%).
What it means today
Each update on Binance's reserves reaches the crypto perps at any hour; the 15:30 CET US open restarts spot bitcoin ETF trading. The crypto perps on the account trade 24/7 through each test of the largest exchange's backing, with BTC and ETH funding at 0.00125% an hour.
Running story: The Binance hack · since 30 Oct
Sources
macroUS midterms today as Fed hike bets weigh on goldThe US votes in the midterm elections today, and gold fell back below $3,950 as Fed hike bets weigh, per FXStreet
What happened
Gold gave back part of its biggest jump in two months on Iran peace-deal hopes, per Bloomberg, and the gold perp is 3924.1 (+0.21% over 24 h). S&P 500 futures were flat as investors weigh Apple and the vote, per CNBC.
What it means today
JOLTS at 16:00 CET is today's US data on hike odds; the midterm results land Wed in Asian hours, while only the 24/7 perps trade. Hike odds set the price of gold, treasuries and the yield products on the account, and the election result lands while only the perps trade.
Running story: The US midterms · since 2 Nov