Shares of cloud-services upstarts rose: Nebius (NIBS.O) +3.8%, CoreWeave (CRWV.O) +1.5%, IREN (IREN.O) +1.7%.

Abu Dhabi National Oil Co (ADNOC) has launched a tender for two light grades, offering Murban or Umm Lulu for loading between Dec and Jan, traders said. Parcels are sized 0.5–2.0 mln bbl and buyers may opt for cost-and-freight (C&F) delivery with a Dec–Feb shipment window. The tender closes on Nov 2 with bids valid to Nov 4. One trader said this is ADNOC's 12th crude tender since clashes involving the US, Israel and Iran began in late February, and noted Murban being offered via tender is uncommon, which may indicate relatively ample supply.

景順首席全球市場策略師Brian Levitt於10月26日發文稱，近期美債收益率回落、中東局勢緊張期間美債進一步上漲，顯示其傳統避險屬性尚未明顯減弱。與此同時，AI產業的信貸市場正加強風險甄別：高槓杆、現金流不確定及資本需求龐大的企業面臨更嚴格審視，部分AI雲服務商借貸成本上升、信用違約互換利差擴大，但這不必然意味着AI投資熱潮正在瓦解。景順指出，Anthropic商業化持續推進、OpenAI企業業務增長，Meta也已在廣告和推薦系統中體現AI應用收益；AI使用量、收入及企業採用率上升，推理成本則持續下降。不過，鉅額數據中心與算力投資能否取得足夠回報仍存不確定性。中東衝突及油價上漲也可能推高短期通脹、拖累經濟增長。景順認爲，當前市場更像是在區分優質資產與高風險企業，而非全面否定AI增長前景。