Oil fell as President Trump favored more time for Iran diplomacy talks, cooling the war premium overnight. The weekend recap still had West Texas Intermediate at Friday's 104.12 dollar settle. Overnight it last printed about 100.69 dollars, labeled live (Yahoo Finance, CNBC). US cash opens at 16:30 Cyprus (14:30 UTC).
The Setup: Asia Holds as Overnight Futures Repair Friday
The S&P 500 closed 7,580.07 on Friday, down 1.8 percent (Associated Press). Range 7,527.56 to 7,637.48. The Nasdaq Composite closed 25,437.00, down 2.9 percent on Friday. The Dow closed 51,770.31. Overnight S&P 500 futures last printed about 7,647, labeled overnight futures (Yahoo Finance 7,647.5 as of 06:23 UTC; Investing.com about 7,651), against Friday's futures settle of 7,614.00. Overnight range 7,625.25 to 7,656.25. Nasdaq-100 futures last printed about 0.8 percent higher. Hang Seng last printed about 23,432, up 0.59 percent, labeled Monday session; Nikkei about 63,200, down about 0.4 percent. China's RatingDog manufacturing PMI printed 52.0 at 03:45 Cyprus (01:45 UTC), against 51.6 seen and 52.1 in September (S&P Global, Reuters), an eleventh month above 50, with output the fastest since April. Saturday's official NBS manufacturing PMI was 49.3. Catch up: the week ahead and Saturday's weekly markets roundup. S&P bullish trigger: a reclaim of Friday's 7,637.48 cash high. Bearish trigger: a fade through Friday's 7,527.56 cash low.
- S&P Friday close 7,580.07 (-1.8%); Nasdaq 25,437.00 (-2.9% Friday)
- Overnight S&P 500 futures about 7,647, labeled overnight futures; range 7,625.25 to 7,656.25
- China RatingDog PMI 52.0 at 03:45 Cyprus, above 51.6 seen; official NBS 49.3 on Saturday
- S&P bullish trigger: reclaim 7,637.48; bearish: 7,527.56
Story of the Day: Oil Drops as Diplomacy Talks Cool the Premium
West Texas Intermediate last printed about 100.69 dollars (Yahoo Finance as of 06:23 UTC November 2), down about 3.3 percent from Friday's 104.12 settle. CNBC sat at 100.64. Investing.com sat at 100.61, session range 100.21 to 102.72, all under 1 percent apart. Brent last printed about 110 dollars. Axios reported that President Trump told Israeli Prime Minister Benjamin Netanyahu he wanted more time for Iran diplomacy before considering strikes after Tuesday's midterms. Secretary of State Marco Rubio said the president prefers a diplomatic resolution (CNBC). Iranian officials, after Qatar-mediated talks, signaled a deal is still possible (CNBC). OPEC+ on Sunday held December quotas, as expected. Friday's evening review still had crude at the week's high. The hourly chart below covers the last 48 hours on Yahoo Finance.
Oil bullish trigger: a hold through today's 102.72 high, then Friday's 104.12 settle. Bearish trigger: a slip through 100.21. None of this is a recommendation.
- WTI about $100.69 against Friday settle $104.12 (about -3.3%); range $100.21 to $102.72
- Trump favored more time for Iran talks; OPEC+ held December quotas on Sunday
- Oil bullish trigger: hold $102.72 then $104.12; bearish: $100.21
Gold Bounces Off a One-Year Low
Spot gold last printed about 3,916 dollars (TradingView 3,916.18 as of November 2). GoldPrice.com sat at 3,908.03 as of 1:35 AM ET, up about 1.0 percent from Friday's close of 3,875.65. The Edge said the metal gained as much as 1.1 percent to near 3,915. CNBC TV18 had COMEX futures about 3,919.70, under 1 percent apart. Friday's close was the 52-week low, inside a range of 3,875.65 to 5,405.00, and a 3.60 percent drop that The Edge called the worst October for bullion since 2008. Saxo Bank, via The Edge, flagged Friday's close below 3,886 and a recovery above 4,000 as the reference zones. Gold bullish trigger: a hold through 3,916, then 4,000. Bearish trigger: a slip through Friday's 3,875.65.
- Gold about $3,916 (TradingView); GoldPrice.com $3,908; about +1% vs Friday close $3,875.65
- Friday's close was the 52-week low and a 3.6% drop, the worst October since 2008
- Gold bullish trigger: hold $3,916 then $4,000; bearish: $3,875.65
Bitcoin Holds After Binance Reopens Withdrawals
Bitcoin last printed about 78,261 dollars (TradingView). CoinMarketCap sat about 78,100 to 78,300, under 1 percent apart. GoldPrice.com sat at 78,109. Sunday's Coinbase print was 77,983. Ether last printed about 2,290 dollars (TradingView 2,289.6; GoldPrice.com 2,283). Binance said withdrawals resumed on Sunday after last week's security incident. BTC bullish trigger: a hold through Sunday's 77,983. Bearish trigger: a slip through Friday's session low near 76,300.
- Bitcoin about $78,261 (TradingView); Sunday Coinbase $77,983
- Ether about $2,290; Binance withdrawals resumed Sunday
- BTC bullish trigger: hold $77,983; bearish: $76,300
What's Next: Factory PMIs, Then Apple After the Close
Eurozone manufacturing PMI final prints at 11:00 Cyprus (09:00 UTC), seen at 52.4. UK manufacturing PMI final is at 11:30 Cyprus (09:30 UTC), seen at 52.8. US cash opens at 16:30 Cyprus (14:30 UTC). ISM manufacturing is at 17:00 Cyprus (15:00 UTC), seen at 54.7 after 54.5, with prices paid seen at 77.2 after 77.9. Chicago Fed President Austan Goolsbee speaks at 18:15 Cyprus (16:15 UTC). Apple and Palantir report at 23:00 Cyprus (21:00 UTC). Apple's print is the first Monday report since 2015 and the first call for new chief executive John Ternus; consensus sits about 1.98 dollars a share and about 113 billion dollars of revenue (Morningstar, Reuters). Palantir is seen about 0.33 dollars. The call is at 00:00 Cyprus Tuesday (22:00 UTC). Tuesday: the RBA at 05:30 Cyprus (03:30 UTC), Tokyo shut for Culture Day, US midterms, and AMD after the close. Friday's payrolls: the jobs-report guide. Docket: the calendar and the week ahead. Scenarios to watch: a hot ISM prices-paid print that treats December as live, or a contained Apple spending line that lets overnight futures hold Friday's repair. None of this is a recommendation.
- Today 11:00 Cyprus (09:00 UTC): eurozone PMI final, seen 52.4; UK PMI at 11:30 Cyprus
- ISM at 17:00 Cyprus (15:00 UTC), seen 54.7; cash open 16:30 Cyprus
- Apple and Palantir at 23:00 Cyprus; Apple seen about $1.98, first Monday print since 2015
For live prices see the ThriveInMarkets homepage. None of the above is a recommendation to buy or sell any asset. US cash closes are Friday, October 30, 2026. Overnight prints are Monday, November 2, 2026.
