Top commodity gainers are Coffee (3.82%), Rubber (3.20%) and Cocoa (2.90%). Biggest losers are Lumber (-1.90%) and Wheat (-1.68%).

Top commodity losers are Silver (-2.97%), Gold (-2.69%) and Iron Ore CNY (-1.83%).

Top commodity gainers are Natural Gas EU (8.95%), Natural Gas UK (8.10%), Germany Natural Gas THE (6.31%), Brent Oil (2.54%) and Crude Oil (1.87%). Biggest loser is Methanol (-5.95%).

Crude oil rose above $87 a barrel on Thursday, extending gains for a second consecutive session as prices attempted to recover from a ten-week low of $86 on November 10. Investors weighed escalating tensions between Washington and Tehran against signs of recovering supply from Saudi Arabia. President Donald Trump said the US no longer needs a deal with Iran, signalling a shift away from recent diplomatic efforts. Tehran also maintained a hardline position, with senior official Mohsen Rezaee ruling out the removal of any enriched nuclear material from the country. Still, Saudi Arabia reported a 26% increase in oil production in October, bringing output to one of its highest monthly levels in years, while Iraq also raised production to a wartime record. Adding to supply-side pressure, EIA data showed US crude inventories rose by 4.657 million barrels in the week ended November 6, the largest increase since August and a reversal of five consecutive weekly declines.

US crude oil inventories increased by 4.657 million barrels in the week ended November 6, marking the largest build since August and reversing five consecutive weeks of declines. Markets anticipated a 1.1 million-barrel draw. Stocks at the Cushing, Oklahoma, delivery hub rose by 106,000 barrels, while refinery crude processing increased by 322,000 barrels per day. Refined product inventories also recorded gains, with distillate stocks, including diesel and heating oil, climbing by 4.071 million barrels, the largest increase since July. Gasoline inventories rose by a further 1.799 million barrels. Meanwhile, net US crude imports increased by 544,000 barrels per day.

The average rate on a 30-year fixed-rate mortgage in the US fell to 7.11% as of November 12, 2026, down from 7.18% the previous week. This marks the fourth consecutive decline and a seven-week low.

US stock indices pared losses on Thursday as markets assessed the AI infrastructure landscape after Jensen Huang resigned as CEO of Nvidia. The S&P 500 and the Nasdaq 100 inched above the flatline, while the Dow added over 100 points. Nvidia was down more than 5% after losing up to 14% earlier in the session as CFO Colette Kress was named interim CEO following Huang's resignation over his involvement with a suspected Chinese spy. Huang's stewardship saw Nvidia's participation in and orchestration of massive circular investments across all tiers of the AI sector, implicating global financial markets in the leadership change. Still, competitors AMD and Broadcom over 5%, while Alphabet's investment in TPU production drove its shares up near 3%. Meanwhile, Nebius sank nearly 16% after reporting delays in some data center capacity buildouts. Other sectors rebounded from Tuesday's selloff, which had been triggered by a hot CPI reading that bolstered bets on more Fed rate hikes next year.

The yield on the 10-year US Treasury note rose above 5.05% on Thursday, extending its recent increase to a three-week high on expectations that the Federal Reserve will deliver multiple rate hikes in the current tightening cycle. CPI data released earlier in the week showed that both headline and core consumer prices rose more than expected in October, indicating that the surge in energy prices from the war in Iran was being transmitted to other sectors of the economy. Markets consequently piled into rate futures pricing in a Fed rate hike in December and two similar moves next year. Meanwhile, Treasury yields in the belly of the curve surged after Jensen Huang resigned as president and CEO of Nvidia, sparking fears of turmoil in the debt-laden AI sector. Because Nvidia has anchored and backstopped a massive wave of AI-related corporate bond issuance, a sudden freeze in the sector's credit activity risked triggering broader fixed-income selloffs as investors raised cash.

European natural gas prices surged 7% to

Partly reflecting the impact of high mortgage rates, the National Association of Realtors released a report on Thursday showing a steep drop in existing home sales in the U.S. in the month of October. NAR said existing home sales plunged by 5.5 percent to an annual rate of 3.75 million in October after jumping by 1 percent to a revised rate of 3.97 million in September.

EURUSD decreased to 1.11, the lowest since May 2025. Over the past 4 weeks, Euro US Dollar lost 1.17%, and in the last 12 months, it decreased 4.87%.

Existing home sales in the US fell 5.5% to a seasonally adjusted annual rate of 3.75 million units in October 2026, the lowest level since August 2010 and below market expectations of 3.85 million. NAR Chief Economist Lawrence Yun attributed the weakness to elevated mortgage rates, which have reached their highest levels since 2000, excluding one month in 2023. He noted that homeowners remain financially secure due to accumulated housing wealth, while lower mortgage rates could unlock significant pent-up demand. Sales were unchanged in the Northeast at 470,000 units, while the Midwest declined 3.2% to 900,000, the South fell 6.5% to 1.73 million and the West dropped 9.7% to 650,000. Meanwhile, housing inventory rose 1.3% from September and 4.6% year over year to 1.59 million homes, equivalent to 5.1 months of supply, up from 4.7 months in September. The median home price increased 0.4% from a year earlier to $416,700.

Top currency losers are Brazilian Real (-0.84%), Australian Dollar (-0.47%), Indian Rupee (-0.41%), British Pound (-0.22%) and Euro (-0.13%). Gains are led by South Korean Won (0.41%) and Dollar Index (0.13%). Meanwhile Japanese Yen was little changed.

The Baltic Exchange

Gold prices dropped more than 2.5% to around $3,870 an ounce on Thursday, retreating to levels not seen in months, pressured by a stronger US dollar, expectations of further monetary tightening by the Federal Reserve and rising oil prices. Stronger-than-expected US consumer inflation data for October, released on Tuesday, boosted the dollar to a 19-month high as traders increased bets on further Fed rate hikes. Meanwhile, renewed oil price gains added to inflation concerns after President Donald Trump said the US did not need a deal with Iran and redirected Vice President JD Vance towards domestic priorities, away from negotiations with Tehran. According to CME

The S&P/TSX Composite Index fell about 0.5% to hover below 36,500 on Thursday, tracking the US stock market following key earnings. The tech sector was pressured by a plunge in Nvidia stock as the company's board met regarding the resignation of CEO and co-founder Jensen Huang over his involvement with a suspected Chinese spy. Shopify declined 1%, and Constellation Software was down more than 1%. In contrast, Celestica gained nearly 4%, extending an 8.4% surge in the prior session following recent investor-day commentary and strong third-quarter results, recovering from the earlier post-US-election global tech selloff. Meanwhile, commodity-backed companies in Canada were under pressure as oil prices fluctuated and gold prices fell. Canadian Natural fell over 0.5%, and Agnico Eagle lost more than 2.5%. Franco-Nevada shed 1% after signaling its annual earnings should land at the midpoint of earlier guidance instead of previous top half estimates.

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended November 7th. The Labor Department said initial jobless claims climbed to 200,000, an increase of 9,000 from the previous week's revised level of 191,000.

Arista Networks shares increased to 199.66 USD, the highest since October 2026. Over the past 4 weeks, Arista Networks lost 5.79%, and in the last 12 months, it increased 47.18%.

Wheat remained near $6 a bushel, close to its lowest level since early July, on expectations of easing Black Sea tensions despite limited progress in Russia-Ukraine peace talks. The first direct negotiations in months ended with an agreement on a prisoner exchange but no breakthrough on protecting maritime trade. Ukraine also claimed responsibility for a drone strike on Russia

US stock indices fell after Nvidia president and CEO Jensen Huang resigned, injecting uncertainty into the global AI sector. The S&P 500 fell 0.8%, the Nasdaq 100 fell over 1%, and the Dow was flat. Nvidia shares sank 14% after CFO Colette Kress was named interim CEO following a board meeting that resulted in Huang's resignation, due to his involvement with a Megaspeed executive widely suspected of being a Chinese spy. Huang's stewardship of Nvidia saw the company grow to a market cap of nearly $6 trillion and led deal-making across the entire AI supply chain, implicating the global tech sector in the leadership change. AMD and Broadcom were higher, although AI infrastructure stocks sank sharply. Meanwhile, Nebius sank nearly 10% after delaying some data center capacity buildout. Still, other sectors offered some respite, rebounding after the hot CPI reading on Tuesday supported bets of more Federal Reserve rate hikes in the current tightening cycle.

Alibaba shares decreased to 95.51 USD, the lowest since July 2026. Over the past 4 weeks, Alibaba lost 13.9%, and in the last 12 months, it decreased 40.28%.

Coca-Cola shares increased to 97.93 USD, the highest since July 1974. Over the past 4 weeks, Coca-Cola gained 8.66%, and in the last 12 months, it increased 36.44%.

Nvidia shares decreased to 150.55 USD, the lowest since June 2025. Over the past 4 weeks, Nvidia Corporation lost 23.24%, and in the last 12 months, it decreased 10.36%.

Broadcom shares increased to 357.12 USD, the highest since October 2026. Over the past 4 weeks, Broadcom Inc lost 2.68%, and in the last 12 months, it decreased 2.82%.

Crude oil rose to as high as $87.75 a barrel on Thursday before paring gains toward $86 a barrel, the lowest since August 31, as signs of recovering Saudi Arabian supply outweighed escalating tensions between Washington and Tehran. Saudi Arabia reported a 26% increase in oil production in October, bringing output to one of its highest monthly levels in years, while Iraq also raised production to a wartime record. Exports remained resilient despite disruptions to the Strait of Hormuz, supported by alternative routes such as Saudi Arabia