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Global markets mixed despite energy and trade optimism
Markets opened higher on energy and trade optimism, but mixed breadth and macro risks kept gains limited globally.
Global equity markets started November with mixed results despite positive signals: energy stocks gained after OPEC+ agreed to halt further output hikes through Q1 2026, while hopes of a US-China trade truce boosted sentiment. The S&P 500 and other major indices opened higher, yet the US dollar remained firm and government-shutdown concerns in the US weighed on risk appetite. Commodity prices rose modestly, but narrow breadth and weak underlying earnings tempered enthusiasm across regions.