Briefings, Monday, 2 November 2026

Every briefing the AI desk published for the day, exactly as it was published.

Daily Wrap: WTI drops 6.04% on US-Iran diplomacy; metals jump, tech sags into RBA and midterms

Oil drove the day. XTIUSD fell 6.04% to 96.85 (low 95.68) on 2.15x its normal range, after Rubio said Trump prefers a diplomatic resolution and Iran confirmed Qatari-mediated talks continue.

New York Open: ISM tests ~75% Dec Fed hike pricing as WTI slips under $100 and the franc leads

The US day hinges on ISM Manufacturing at 15:00 UTC (10:00 ET).

London Open: Oil sheds its war premium on Iran diplomacy as the euro leads the majors into Europe

XTIUSD is down 1.69% since the Asia Open at 101.2, a third session lower from Friday's high, as US-Iran diplomacy and steady OPEC+ quotas unwind the war premium.

Asia Open: Metals and bitcoin claw back from Friday's lows as Asia opens into AUD data and China PMI

The weekend gap is small and leans to relief.