November Reign: Stocks Soar, Oil Plummets Amid OPEC Doubts

World shares are on track for their best month since the COVID vaccine breakthroughs in late 2020, as Europe reacts to a far-right election shock and oil prices dip after OPEC+ postpones its meeting. German and French inflation data nudged the euro and bond yields higher, while the Swedish crown dropped as its central bank left rates unchanged. Anti-EU far-right populist Geert Wilders scored a significant election win in the Netherlands. Traders are awaiting the European Central Bank's meeting minutes and Turkey's interest rate decision. Chinese real estate stocks rose on reports of support for debt-laden developers, while a large wealth manager faces insolvency with liabilities of up to $64 billion. Wall Street's S&P 500 is nearing a fresh high for 2023, and the euro's bounce pushed the dollar index lower. OPEC+'s postponed meeting led to a decline in oil prices, and in cryptocurrencies, buyers are digesting news of Binance's CEO stepping down and pleading guilty to violations of U.S. anti-money laundering laws.