• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Markets return to risk-off: Asia leads declines and oil rises on geopolitical tension

FinanceInternationalXTB.com40 s readAI summary
Image: XTB.com

The morning brings a return to risk-off mode despite a solid prior session on Wall Street (S&P 500 +0.58%, Nasdaq +1.05%). Selling is concentrated in Asia: the CSI 300 falls 3.16% and is down 20% from its June highs, while the Nikkei 225 loses 2.76%. In the US, the Nasdaq 100 drops 1.63% and the S&P 500 0.86%; Europe is also in the red. Brent rises 1.66% to near $107.5 and bitcoin falls 2.66%. Today's highlights include results from Procter & Gamble, Western Digital and Lockheed Martin.

In 40 seconds

  • The CSI 300 falls 3.16% and is down 20% from its June highs, with ten consecutive weekly declines
  • The Nasdaq 100 drops 1.63%, more than the S&P 500 (-0.86%), and the EuroStoxx 50 loses 1.08%
  • Brent rises 1.66% to near $107.5 on the geopolitical premium and WTI gains 1.70% to around $99.4
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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