Odaily reported on November 11, 2026, that QCP Capital had published a macro market note. The firm said President Trump had paused a new round of military strikes on Iran while continuing a blockade.
After meeting Qatar’s prime minister on November 9, Trump said military operations were temporarily suspended. QCP noted that the two sides still held wide differences and had not reached an agreement.
Brent crude settled at $92.57 a barrel, down 5.85% that day, and then fell further. The price was about 18% below its October 30 level.
On rates, the Reserve Bank of Australia raised its policy rate to 4.85% on a 6–3 vote and removed language that had left the door open to further hikes if needed. The Bank of England raised its rate to 4% on an 8–1 vote. The Bank of Canada and the Bank of Japan left rates unchanged, though market pricing for both was revised lower. Canadian employment fell by 4,700, against an expected increase of 14,000. Japan’s Nikkei 225 dropped 6%, and the two-year Japanese government bond yield fell 12.8 basis points.
On the AI buildout, QCP said Democrats had won both chambers of Congress and five governorships. It estimated that 59% of currently planned U.S. data-center capacity would face new restrictions or a higher approval threshold.
In crypto, Strategy bought 1,036 BTC for $81.9 million and repurchased $188.3 million of STRC preferred stock—about 2.3 times the bitcoin purchase. Funding included the sale of $283.8 million of MSTR shares. From November 2 to November 6, spot bitcoin ETFs recorded a cumulative net outflow of $1.2324 billion.
QCP did not treat the oil drop as a settled relief for policy. It left open whether lower oil prices would keep easing pressure for higher rates, or whether a stalled Iran negotiation would lift inflation risk again and lead the Bank of Canada and the Bank of England to resume hikes first.
Source: Odaily, published November 11, 2026, 21:13 CST.
