๐จ GGMA Markets Briefing: Asian Stocks Rebound, Oil Falls on Trump's Iran Comments
๐ Asian stocks rebounded from their biggest selloff in more than 18 months, led by Taiwan after authorities curbed short selling.
๐บ๐ธ Nvidia's board opened a probe into whether chief executive Jensen Huang was the target of a foreign intelligence effort.
๐ข๏ธ Oil fell after President Trump said further strikes on Iran are highly unlikely if talks progress, but Marco Rubio sees no breakthrough.
๐ฆ Fed officials stayed firm on inflation after strong US payrolls, and ECB President Lagarde signalled that a December rate rise remains on track.
๐จ๐ฆ Canada lost jobs for a third straight month, and the Canadian dollar had its worst week since September.
๐จ๐ณ China's producer prices rose at the fastest pace since June 2022, while consumer inflation slowed.
Today's Macro Roadmap: Fed Vice Chair for Supervision Michelle Bowman speaks at 14:40 CET, and Chicago Fed President Austan Goolsbee speaks at 16:00 CET. ECB Executive Board member Piero Cipollone speaks at 17:00 CET, Richmond Fed President Thomas Barkin speaks at 18:15 CET, and BoE Governor Andrew Bailey speaks at 18:25 CET.
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