November 7, 2026: Strong US Jobs Data, Asian Stocks Slide

1. US JOBS REPORT BEATS FORECASTS
US nonfarm payrolls rose 165,000 in October, far above forecasts of 59,000–65,000. The unemployment rate fell to 4.1% from 4.2%. Strong data lifted the market-implied probability of a December Fed rate hike to around 78–80%, according to CME FedWatch/LSEG. New York, San Francisco and St. Louis Fed leaders signalled tightening as inflation remains too high.

2. WALL STREET MIXED, CHIP STOCKS REBOUND
Dow Jones fell 0.46% to 51,285.73; S&P 500 rose about 0.31% to 7,376.86; Nasdaq Composite added 1.09% to 24,579.42. The Philadelphia Semiconductor Index rose 4.2%, AMD jumped 11%, Nvidia added 2.8%; Tesla rose 4.2%, Airbnb gained 12% after lifting revenue guidance, while Atlassian fell 16%. The Nasdaq still logged its fourth straight weekly decline.

3. EUROPE AND ASIA SLUMP
Germany's DAX fell 1.92%, France's CAC 40 lost 0.81%, the UK's FTSE 100 fell 1.01% on AI risk aversion. Japan's Nikkei 225 slumped around 5.9–6%, its biggest drop since April 2025 and entered bear-market territory; Kospi fell 5.72%, Hang Seng lost 1%, CSI 300 fell 1.47%. Asian markets lost an estimated USD 1.2 trillion after the US tech-led rout.

4. DOLLAR STRENGTHENS, BOND YIELDS RISE
The DXY rose 0.7% to 102.26–102.29, heading for its biggest daily gain in nearly five months. EUR/USD fell 0.67% to 1.11437; GBP/USD fell 0.71% to 1.3355 despite the Bank of England's first rate hike in over three years; USD/JPY rose 0.47% to 158.43. US 2-year yields rose to 4.514%, 10-year yields to 4.859%. Vietnam's central rate fell 8 dong to 25,615 dong/USD.

5. OIL POSTS SHARP WEEKLY LOSS
Brent January rose 0.03% to USD 98.32 a barrel; WTI December rose 0.34% to USD 90.83. For the week, Brent plunged more than 16% and WTI fell about 13%, the biggest weekly drops since 2022. Markets weighed Iran de-escalation prospects after US midterms; some sources cited US-Iran diplomatic signals via Qatar, while tanker attacks in the Strait of Hormuz and Rapidan Energy's 80% probability estimate for renewed US military action kept risks in focus.

6. GOLD PRESSURED, COPPER HITS LOW
Spot gold fell 0.6% to USD 4,063.34/oz; COMEX December gold fell about 0.8–0.9% to around USD 4,074.90–4,079.50/oz. Silver spot rose 0.2% to USD 51.873/oz, while COMEX silver fell 0.78% to USD 51.97/oz. LME copper fell 0.6% to USD 13,768/tonne, the lowest since July, on concerns over AI-infrastructure demand and tariffs.

7. VIETNAM MARKETS UNDER PRESSURE, FUEL PRICES CUT
VN-Index fell more than 15 points to around 1,725 on 6 November; the morning of 7 November was down another 12 points. Retail fuel prices were cut from 3pm on 5 November: E5RON92 fell 2,310 dong/litre to 20,890 dong, RON95-III fell 2,080 dong/litre to 21,150 dong. SJC gold bars traded around 138–141 million dong/tael.

Điều cần theo dõi hôm nay: Iran de-escalation signals and oil-market reaction before the new trading week.
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