Oil climbs, China’s PMI weakens and crypto faces regulatory pressure as traders navigate risk‑off sentiment.

Global markets opened with a cautious tone on Monday. Oil prices kept rising despite recent headlines, while the U.S. dollar stayed firm against risk‑sensitive currencies. In Asia, China’s latest manufacturing PMI missed expectations, adding pressure to the yuan, and the crypto sector dealt with the fallout from the Binance hack and new regulatory debates. The overall mood was risk‑off, with investors watching several key data releases and policy signals.

Currencies and central banks

The Australian dollar slipped below the 0.7050 level, trading around 0.7025 against the U.S. dollar as geopolitical tensions in the Middle East heightened risk aversion. The move came as the dollar gained on its safe‑haven appeal. No major central‑bank announcements were scheduled for the session, but traders kept an eye on upcoming Chinese PMI data, which could influence the yuan’s direction.

Gold and commodities

Oil benchmarks posted a fourth consecutive monthly gain, breaking the narrative that recent reports of restored flows through Hormuz would push prices lower. Crude slipped more than 1% after talks on ending the Iran conflict, but the overall trend remains upward. Silver tested the $48‑$50 support zone as a tech sell‑off raised concerns about demand, though AI‑driven spending could provide a longer‑term tailwind for the metal.

Crypto

Binance resumed withdrawals after the largest crypto hack in history, prompting a $3.64 billion outflow from the platform. Bitcoin ETFs recorded $643.2 million of net outflows, the first full‑session decline following the breach. Meanwhile, THORChain’s co‑founder argued against freezing the protocol to meet FBI demands, and researchers highlighted how AI agents can bypass spending limits without human approval, raising regulatory eyebrows.

Stocks

Earnings season highlighted AI‑driven gains, with companies such as Santander and Novartis reporting revenue lifts and cost efficiencies tied to artificial‑intelligence deployments. Analysts also pointed to three stocks that could benefit from sustained AI adoption, suggesting a longer‑term upside for investors focused on technology themes.

Key calendar events

• 15:00 UTC | USD ISM Manufacturing PMI | medium impact

Related news

• Australian dollar softens below 0.7050 on risk‑off mood
• Binance records $3.64 bn net outflows as withdrawals resume
• Evening market overview – November 1, 2026
• Binance launches phase one withdrawals after $6.3bn hack

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This article is compiled from international market news for information only. It is not investment advice.