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Oil prices are heading for their biggest weekly drop since the pandemic as a Democratic sweep of Congress fuels hopes for a de-escalation of the Iran war. Markets rally as falling energy prices lift sentiment, even as AI stocks remain under pressure from worries over spending and regulation. And the Bank of England is expected to deliver its first rate hike in three years as sterling climbs and inflation pressures persist.
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Today's recommended read: Surge in 2028 US presidential bets reframes markets after midterms by Mike Dolan
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📲 Podcasts, breaking news, and video analysis from the source. Download the Reuters app here.
Today's recommended read: Surge in 2028 US presidential bets reframes markets after midterms by Mike Dolan
Subscribe to Mike Dolan's Morning Bid newsletter and check out his columns on Reuters Open Interest.
Produced by Abisoye Osundairo.
Sound engineering and music by Sebastian and Josh Sommer.
Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.
You may also visit megaphone.fm/adchoices to opt out of targeted advertising.
Learn more about your ad choices. Visit megaphone.fm/adchoices