US-Iran peace hope boosts stocks, FTSE 100 closing up 1.0% as oil hits a two-month low

Summary

Tech firms rose on Monday 9 November to claw back some of last week's painful losses fuelled by AI regulation worries, though traders were keeping an eye on a probe into Nvidia boss Jensen Huang, Euronews reported, headlining that tech stocks recover after the midterms rout. Oil prices fell to a two-month low as Trump said new Iran strikes were 'unlikely', the price of Brent crude having tumbled from highs of more than 115 dollars a barrel late last month, The Independent and the Evening Standard reported, and the Financial Times wrote that Brent crude extended last week's losses that followed Republicans' historic midterms defeat after Trump said strikes on Iran were 'highly unlikely'. US-Iran peace hope boosted stocks but Nvidia toiled, the FTSE 100 index closing up 108.93 points, 1.0%, at 10,782.87, the Evening Standard and The Independent reported.

Latest: Oil prices fell to a two-month low as Trump said new Iran strikes were 'unlikely', The Independent and the Evening Standard reported, the Financial Times writing that Brent crude extended last week's losses that followed Republicans' historic midterms defeat, and US-Iran peace hope boosted stocks but Nvidia toiled, the FTSE 100 index closing up 108.93 points, 1.0%, at 10,782.87, after tech firms rose to claw back some of last week's losses, according to Euronews.

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