Account
New to ADSS? Open an
account now to get started.
Already have an account?
Add funds to your ADSS account
Account
New to ADSS? Open an
account now to get started.
Add funds to your ADSS account
News
Tuesday, November 10, 2026
What’s happening: US stocks closed sharply higher on Monday as declining oil prices eased inflationary concerns.
What happened: The Dow Jones index added more than 1,100 points, while the S&P 500 recovered from its biggest weekly plunge since April 2025.
Tech stocks recorded sharp gains despite the decline in Nvidia’s stock, amid a controversy around CEO Jensen Huang.
Why it matters: US stock indices fell sharply last week on speculations of the Democratic victory in the midterm elections paving the way for stricter oversight of datacentres and high-powered computing infrastructure that fuel AI development.
The NFP (non-farm payrolls) report released on Friday showed a better-than-expected jump by 165,000 in October, following a 60,000 gain in September. The figure came sharply higher than market estimates of 65,000. The unemployment rate edged lower to 4.1%, from 4.2% in September, signalling resilience in the labour market.
Wall Street recorded sharp gains on Monday, although Nvidia’s stock dipped around 4.3% to its weakest level since early April. Share of company with the world’s highest valuation fell on news of an internal investigation that raised questions about CEO Jensen Huang’s future with the AI chipmaker.
The Philadelphia Semiconductor Index jumped 6.9% after dipping more than 12% last week. Broadcom and Advanced Micro Devices were the top gainers.
A sharp decline in crude oil prices eased concerns over inflation, with US President Donald Trump indicating that he would avoid further military strikes on Iran if ongoing talks lead to progress in its nuclear program and the reopening of the Strait of Hormuz.
On the earnings front, shares of KKR rose around 2% after the company reported record profits for the latest quarter. Constellation Energy’s stock jumped more than 10% following better-than-expected third-quarter earnings.
Each of the 11 major sectors on the S&P 500 closed higher, with nine of those gaining more than 1% during the session. Industrials and consumer discretionary stocks were among the top performers, gaining over 3% each.
The Dow Jones index climbed 1,104.02 points, or 2.15%, to close at 52,389.75, while the S&P 500 surged 2.35% to 7,549.94. The Nasdaq 100 jumped 3.40% to settle at 27,907.62 on Friday. The S&P notched its biggest daily gain in terms of percentage since April 8.
What to watch: Investors await the release of key inflation reports from the US this week. The CPI report will be released on Tuesday, while the PPI figures are scheduled for Friday. Analysts expect the US annual inflation rate to accelerate to 3.9% in October from 3.7% in September, while producer prices are projected to surge by 6.6% year-over-year, up from 6.3% in September.
Data on NFIB business optimism index (1500 UAE Time) and ADP employment change (1715 UAE Time) will also be released today.
Context: The AUD/USD traded lower this morning after surging around 1% in the previous session.
Details: A rebound in global stocks with easing concerns over the US-Iran conflict provided a boost to demand for riskier assets. Lower crude oil prices lent further support to the broader market sentiment.
However, the Australian currency fell this morning following the release of weak domestic economic reports. The Westpac’s consumer sentiment index declined 2.7% to 78.2 in November, recording its lowest reading in four years, while business mood also dipped to a six-year low, amid concerns over higher cost-of-living and increased borrowing costs.
Australia’s NAB business confidence index declined to -15 in October from -14 in the previous month, falling to its lowest level since April.
Strength in the US dollar also weighed on the AUD/USD forex pair. The US dollar index, which measures the greenback’s performance versus a basket of major peers, edged higher to 101.70 this morning.
The AUD/USD forex pair fell around 0.1% to 0.6921 this morning.
What to watch: Data on home loans and investment lending for homes from Australia will be released on Wednesday. The value of new owner-occupier loan commitments for dwellings in Australia, which declined 1.9% to A$60.5 billion in the second quarter, is expected to fall 6% in the third quarter. Analysts expect Australia’s investment lending for homes to plunge by 14% in the third quarter, following a 10.2% decline in the previous quarter.
Other Markets: European indices closed higher on Friday, with the FTSE 100, DAX 40, CAC 40 and STOXX Europe 600 Index up by 1.02%, 1.73%, 1.16% and 1.26%, respectively.
India’s Prime Minister Narendra Modi held a telephone conversation with Ukraine’s President Volodymyr Zelenskyy to discuss bilateral ties and peace efforts in the ongoing war with Russia. The news sent the USD/RUB forex lower in forex trading this morning.
Japan’s current account surplus shrank to ¥2,372.3 billion in September from ¥4,375.8 billion in the year-ago month. The latest reading falling short of market estimates of ¥3,354.4 billion surplus lent support to the USD/JPY forex pair.
UK retail sales surged by 1.1% year-over-year in October, up from a 1.0% gain in the previous month. This being the sharpest growth since June sent the GBP/USD pair higher in forex trading this morning.
Indonesia’s new car sales rose 10.1% year-over-year to 81,482 units in October, slowing from a 28.1% jump in September, which lent support to the USD/IDR forex pair.
Taiwan’s trade surplus widened to $27.88 billion in October from $21.55 billion in the year-ago period and topped market estimates of $25.6 billion. However, the USD/TWD pair rose in forex trading this morning.
ADSS
8th floor, CI Tower
Corniche Road
PO Box 93894
Abu Dhabi
United Arab Emirates
Trading Services
ts@adss.com
+971 2 657 2414
Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.
ADS Securities L.L.C – S.P.C (“ADSS”), a limited liability company – sole proprietorship company incorporated under United Arab Emirates law. Registered under Commercial License No.1190047. ADS Securities L.L.C S.P.C is regulated and authorised in the UAE by the Capital Market Authority (CMA) under Category 1 License No.305027 (Trading Broker, Trading and Clearing Broker, Trading Broker in the International Markets, Trading Broker of OTC Derivatives and Currencies in the Spot Market, Financial Products Dealer) and Category 5 License No.20200000217 (Introduction). Registered Office: 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
The information presented is not directed at residents of any particular country outside the United Arab Emirates and is not intended for distribution to, or use by, any person in any country where the distribution or use is contrary to local law or regulation.
ADSS is an execution only service provider and does not provide advice. ADSS may publish general market commentary from time to time. Where it does, the material published does not constitute advice, or a solicitation, or a recommendation to a transaction in any financial instrument. ADSS accepts no responsibility for any use of the content presented and any consequences of that use. No representation or warranty is given as to the completeness of this information. Anyone acting on the information provided does so at their own risk.
