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Below are AI-generated insights on today's premarket moves, powered by MarketReader technology.

Tuesday, November 10

Noteworthy macro moves today: US 2Y Treasury Bond Index -0.2%. US 10Y Treasury Bond Index -0.4%. Ethereum -3.1%. Noteworthy US mega-cap moves today: Space Exploration Technologies Corp (SPCX) -3.1%. Broadcom Inc (AVGO) -2.1%. Tesla Inc (TSLA) -1.7%.

Global equity indices are trading mixed, with European markets higher while U.S. indices are generally lower. The U.S. inflation data released today showed a month-over-month increase of 0.4%, above the forecast of 0.3%, and core inflation also exceeded expectations at 0.3% compared to the anticipated 0.2%. These figures suggest persistent inflationary pressures, which have heightened expectations for a potential interest rate hike by the Federal Reserve in December.

In the U.S., Treasury yields have reacted negatively to the inflation data, with prices of government bonds falling, indicating rising yield expectations as investors brace for tighter monetary policy ahead. The market is currently pricing in an increased likelihood of a rate hike following strong labor market data from last week and today's inflation results.

In Europe, equity indices are benefiting from positive sentiment following a drop in oil prices amid easing geopolitical tensions regarding Iran, which has helped alleviate some inflation concerns among investors. France's unemployment rate unexpectedly fell to 8.2%, better than forecasts of an increase to 8.4%, contributing to a more optimistic economic outlook in the region.

Asian markets displayed mixed performance; while Japan's Nikkei rose sharply by over 3% driven by technology stocks recovering from previous losses, Hong Kong's Hang Seng index faced declines amid broader regional volatility influenced by fluctuating investor sentiment towards tech shares and ongoing geopolitical developments.

United States Oil Fund LP (USO) [-2.5%]
Crude oil prices have declined amid easing geopolitical tensions in the Middle East, as diplomatic efforts progress, particularly regarding Iran. President Trump indicated advancements in de-escalating these tensions, contributing to a drop in oil prices, with Brent crude falling significantly. WTI futures also showed a notable decrease, reflecting reduced concerns over supply disruptions. In pre-market hours, the United States Oil Fund LP is trading lower, remaining near the lower end of its one-month trading range and below its 20-day moving average.

Global X Copper Miners ETF (COPX) [-2.4%]
The Global X Copper Miners ETF is declining during pre-market hours, driven by sharp declines in several of its holdings, including HBM, SCCO, FCX, TECK, and GLNCY. Oil prices have also sharply fallen as geopolitical risk premiums decreased following President Trump's comments on resolving tensions with Iran. This decline in oil prices can influence copper mining companies due to their sensitivity to energy costs and broader economic conditions. Additionally, U.S. consumer inflation data showed higher-than-expected increases in both overall and core CPI figures, prompting traders to reassess their expectations for potential interest rate hikes from the Federal Reserve next month.

VanEck Gold Miners ETF (GDX) [-2.3%]
The VanEck Gold Miners ETF is declining in pre-market trading, driven by significant drops in key holdings including Agnico Eagle Mines, Newmont Corporation, and Wheaton Precious Metals, amid a retreat in gold prices. This downturn coincides with market focus on upcoming U.S. inflation data and speculation regarding potential interest rate hikes by the Federal Reserve. Gold prices have pulled back following a recent rally, contributing to the overall weakness in the sector. The fund's performance reflects these trends, with declines across its holdings indicating a notable dip since Monday's close.

ASX | +6.0% | +9.9B
ASE Technology Holding Co Ltd | Information Technology
ASE Technology Holding Co Ltd reported net revenues of $2.78 billion for October 2026, reflecting a year-over-year increase of 40.4% and a month-over-month rise of 0.1%. The company also disclosed that its ATM revenue reached $1.78 billion, marking a significant year-over-year increase of 50.5%. These strong financial results were published today and likely contributed to the stock's sharp advance in pre-market trading. Additionally, shares of Sanmina Corporation rose sharply following its fourth-quarter fiscal 2026 results, which significantly exceeded analyst expectations.

EMBJ | +5.4% | +3.3B
Embraer SA | Industrials
Embraer SA raised its full-year revenue guidance for 2026 to between $8.4 billion and $8.6 billion, up from a prior estimate of $8.2 billion to $8.5 billion, following a record third-quarter revenue of $2.347 billion, which marked a 17% year-over-year increase. The company reported adjusted EBIT of $254.8 million with a margin of 10.9%, an improvement from 8.6% the previous year. However, adjusted net income decreased to $73.6 million from $84.3 million due to increased financial and tax expenses. The order backlog reached a record $35.7 billion, reflecting a 14% year-over-year growth. In pre-market trading, shares are advancing after these updates were published before the market opened.

TTWO | +3.8% | +1.5B
Take-Two Interactive Software, Inc. | Communication Services
Take-Two Interactive Software, Inc. is experiencing a positive price movement amid growing excitement for the upcoming launch of Grand Theft Auto VI on November 19, 2026. CEO Strauss Zelnick reported that pre-orders for the game are exceeding initial expectations, which is anticipated to drive significant growth in fiscal 2027. Despite a reported net loss of $54 million for the second quarter, the company maintained its fiscal year 2027 net bookings guidance of $8 billion to $8.2 billion, although this is below analyst estimates. Social media posts noted that while the company's Q2 earnings included an adjusted EPS of $0.99, surpassing expectations, net bookings fell short at $1.60 billion against forecasts of $1.66 billion. Users highlighted the unprecedented pre-order levels for GTA VI, indicating its potential impact on future performance.

LI | +3.6% | +1.0B
Li Auto Inc | Consumer Discretionary
Li Auto Inc. announced that it will report its third-quarter 2026 financial results before the U.S. market opens on November 25, 2026. The company will hold an earnings conference call on the same day at 7:00 A.M. U.S. Eastern Time. In pre-market trading, shares of Li Auto are advancing sharply. Users on X highlighted the company's recent expansion into the Asia-Pacific market, specifically its entry into Singapore, Hong Kong, Thailand, and Vietnam, viewing this as a significant step in broadening its market presence.

ONTO | +5.3% | +0.5B
Onto Innovation Inc. | Information Technology
RBC Capital analyst Srini Pajjuri lowered the price target on Onto Innovation Inc. while maintaining an Outperform rating. Despite this downgrade, Onto Innovation has advanced, likely reflecting ongoing confidence in its strong financial performance. The company reported a Q3 profit of $46.85 million and revenue of $409.75 million, both exceeding expectations, with adjusted earnings per share of $2.44. Additionally, Onto Innovation provided optimistic guidance for Q4, projecting revenue between $430 million and $450 million and adjusted EPS of $2.59 to $2.79. Users on X noted the significant year-over-year growth in the company’s earnings and expressed confidence in sustained growth driven by strong demand in the semiconductor sector.

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