Markets
Asian Stocks Rally as Kospi Jumps 4.4% and Nikkei Gains 2.9%, While US Futures Edge Up and Brent Falls Below $90
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Europe's STOXX 600 sits within 1% of a record as traders wait for the October US inflation report.
By Emma Cruz ·
Global stocks extended Monday's rebound on Tuesday, Nov. 10, as a drop in oil prices and hopes for U.S.-Iran talks lifted risk appetite ahead of a key U.S. inflation report, Reuters reported [1].
In Asia, South Korea's Kospi rose 4.4% and Japan's Nikkei gained 2.9%, according to Reuters [1]. MSCI's broadest Asia-Pacific index was up about 2% and moving away from a seven-month low reached the previous week [1]. In Europe, the pan-regional STOXX 600 rose 0.5% and stood within 1% of its all-time high [1].
The moves followed a sharp reversal on Wall Street. The S&P 500 posted its biggest one-day percentage gain since April on Monday, and the Nasdaq closed 2.7% higher, its best day in more than three months, Reuters said [1]. Yahoo Finance's market blog noted that the S&P 500 had fallen 4.4% on Nov. 5, its worst day since April 2025, and that the Nasdaq closed last week roughly 11% below its Oct. 6 record [2].
U.S. stock futures were mixed and little changed from Monday's close. At 5:01 a.m. ET, Dow E-mini futures were up 205 points, or 0.39%, S&P 500 E-minis were up 12.5 points, or 0.17%, and Nasdaq 100 E-minis were down 3 points, or 0.01%, Reuters reported [3]. The pause in Nasdaq futures suggests the technology rally that powered Monday's session was catching its breath rather than extending.
Oil was the main driver of sentiment. Brent crude fell 3.6% to below 0 a barrel, its first close under that level since August, according to Reuters [3]. A separate Reuters report said Brent dropped more than 2% and traded below 0 for the first time since late August after President Donald Trump said he would hold off on new strikes on Iran [1]. Lower energy prices ease one source of inflation pressure, which matters for a market that has been focused on whether the Federal Reserve will raise interest rates again.
Within technology, Nvidia shares were up in premarket trading after falling 4.3% on Monday, with Reuters citing gains of about 2% in one report and 1.3% in another [1][3]. Micron and Marvell were about 1% higher before the open, Intel was down 0.5%, and CoreWeave was up 2.4% ahead of its results after the close, according to Reuters [3]. Earnings from AI-linked companies this week are being watched as a test of investor sentiment toward the sector, Reuters said, with Nvidia due to report next week [1].
In bond and currency markets, the two-year Treasury yield rose 3.3 basis points to 4.58%, and the U.S. dollar slipped about 0.1% against the euro while holding steady against the yen, Reuters reported [1]. Yahoo Finance's blog showed the 10-year Treasury yield near 4.86% and the VIX volatility index near 20 in early morning trading [2].
The main event is the October consumer price index, due at 8:30 a.m. ET. Reuters' survey of economists points to a monthly gain of about 0.3% after 0.6% in September, and analysts told Reuters that a hotter-than-expected reading could threaten the stock recovery [3]. Traders put the chance of a Fed rate hike next month at 82.2%, up from 74% a week earlier, according to the CME FedWatch tool cited by Reuters [1].
What to watch: the inflation print and any reaction in two-year yields, whether Brent holds below 0 as Iran diplomacy develops, and CoreWeave's report for signs of how AI spending is being funded.
Sources:
[1] Reuters (via Euronext), "Stocks climb as oil prices dip heading into US CPI print", November 10, 2026. https://live.euronext.com/en/financial-news/stocks-climb-oil-prices-dip-heading-us-cpi-print
[2] Yahoo Finance, "Stock market today: Dow, S&P 500, Nasdaq trade mixed ahead of key inflation data", November 10, 2026. https://finance.yahoo.com/markets/live/stock-market-today-tuesday-november-10-dow-sp-500-nasdaq-inflation-data-cpi-090627830.html
[3] Reuters (via Yahoo Finance), "S&P 500, Dow futures climb as oil slide lifts sentiment", November 10, 2026. https://finance.yahoo.com/markets/stocks/articles/p-500-dow-futures-climb-102635174.html
This article was produced with AI assistance. It is for informational purposes only and is not financial advice. StockVolt and its authors may hold positions in securities mentioned.