Oil Rises as Traders Weigh Geopolitical Developments, Mixed Demand Signals

Swiss watch exports fell by 4.4% in October compared to the same month last year, primarily due to a decline in demand from the U.S. market. This downturn reflects ongoing challenges faced by the Swiss watch industry amid tariff impacts.

Swiss watch exports fell by 4.4% in October compared to the same month last year, primarily due to a decline in the U.S. market. This downturn reflects ongoing challenges faced by the luxury watch sector amid changing trade dynamics and tariffs.

Nvidia's record earnings have positively impacted U.S. stock futures and international equities, while the U.S. dollar strengthened as investors adjusted their expectations regarding a potential Federal Reserve rate cut next month.

Gold prices have declined due to a stronger dollar and diminishing expectations for a Federal Reserve rate cut in December. This shift reflects investor sentiment as they adjust their positions in response to changing economic indicators.

The S&P 500 futures experienced a rally following Nvidia's earnings report, which exceeded expectations. Investors are also focused on the delayed September nonfarm payrolls data, which is set to be released this morning. This combination of factors is influencing market sentiment as traders assess the economic landscape.

JD Sports has reported that its profits are expected to be at the lower end of consensus estimates due to challenging macroeconomic conditions and consumer volatility as it approaches the crucial festive business period.

Lenovo, the world's largest PC maker, reported record revenue driven by strong demand for artificial intelligence (AI) technologies. The company's growth in consumer electronics and infrastructure businesses is attributed to the ongoing AI adoption and a favorable replacement cycle.

Novartis has announced that it expects steady sales growth through 2030, attributing this optimism to higher expectations for its key drugs. The pharmaceutical giant is confident in its market position and future performance.