Home / Business and Economy / OPEC+ Halts Output Hikes, Stocks and Commodities Advance
OPEC+ Halts Output Hikes, Stocks and Commodities Advance
3 Nov
Summary
- OPEC+ agrees to pause production increases for Q1 2026
- Asian and European markets open November with gains
- Investors focus on corporate earnings amid US government shutdown
On November 3rd, 2025, global markets began the month on a positive note, with international equity indexes and commodity prices climbing. The key driver was an agreement by OPEC+ to pause further output hikes through the first quarter of 2026, easing concerns about a potential supply surplus.
Crude oil prices rose, with Brent crude up 0.3% to $65 per barrel and West Texas Intermediate climbing 0.4% to $61.21 per barrel. The decision by major oil producers to maintain current production levels for the next few months provided support to the energy sector.
Asian equity markets closed the day with solid gains, led by a 2.8% surge in South Korea's Kospi index, buoyed by semiconductor manufacturers and major technology companies. Mainland Chinese stocks also finished higher, with the Shanghai Composite index rising 0.6%. European indexes opened the new month on a positive note as well, with the FTSE 100 in London gaining 0.2% and Germany's DAX climbing 0.7%.
Amid the market advances, investors remained focused on the ongoing US government shutdown, now in its 34th day. With approximately one-quarter of S&P 500 companies scheduled to report quarterly results in the coming week, corporate earnings will be a key area of attention for market participants.
