Economy news · 10 November 2026
Asian shares rise as oil falls on Iran strike pause, US inflation data awaited
Asian stocks rose on Tuesday after oil prices fell following a US statement on holding off new strikes on Iran. Traders await US inflation data and price in a higher chance of a December Fed rate hike.
Wall Street surges as oil slides and tech rebounds
US stocks jumped on Monday, with the Dow up about 1,100 points at one point, as oil fell and technology shares rebounded after a volatile week.
Oil falls to lowest since August on Middle East diplomacy hopes
Crude steadied near its lowest level since August after a drop of more than 4% on Monday, with WTI below $87 and Brent above $92 on hopes of diplomacy.
US adds 165,000 jobs in October; China factory prices rise at fastest pace in over four years
US hiring beat expectations with 165,000 jobs in October, while China's producer prices rose 5.7% against 5.3% expected.
Boeing, PepsiCo cut jobs and Kraft Heinz sells coffee unit
Boeing plans to cut 5% of commercial airplane workers, PepsiCo about 1,000 jobs, and Kraft Heinz agreed to sell its North American coffee business for $650 million.