Global stock markets rose on Wednesday, November 11, 2026, as technology shares rallied and the U.S. dollar strengthened following recent inflation data. In London, the FTSE 100 gained 0.8% to close at 10,835.47, while U.S. indices also advanced, with the Nasdaq Composite jumping 1.9% by the time European markets closed. The gains were led by a 24% surge in shares of neo-cloud company CoreWeave following its third-quarter results.
The market activity follows a period of investor focus on artificial intelligence (AI) and central bank policy. Technology stocks were supported by CoreWeave's updated financial outlook and anticipation of an initial public offering (IPO) for Anthropic, expected as early as next week. Meanwhile, U.S. Federal Reserve officials signaled potential interest rate hikes following a higher-than-expected inflation report released on Tuesday, November 10.
In London, tech-focused firms Polar Capital Technology Trust and Computacenter saw shares rise by 4.0% and 4.7%, respectively. Conversely, homebuilder Taylor Wimpey fell 4.5% after lowering its completions outlook due to high mortgage rates, and broadcaster ITV dropped 3.5% after reporting lower-than-forecast advertising sales. Brent oil prices rose to $94.03 a barrel on Wednesday after Iranian security chief Mohsen Rezaei stated the country would strike U.S. bases if they were used for attacks against Iran.
The market shift affects investors, homebuyers, and consumers as central banks respond to persistent inflation. Federal Reserve Governor Christopher Waller indicated he was minded to vote for a 50-basis point interest rate hike in December, while Goldman Sachs added a 25-basis point hike to its March 2027 forecast. For an average household, these central bank decisions typically influence mortgage rates and credit card interest. In the UK, Taylor Wimpey noted that rising mortgage rates are already reducing demand for new homes, impacting prospective buyers' ability to afford property during the autumn season.
The scale of the technology rally is reflected in the performance of major chip makers, with Nvidia rising 4.5%, Advanced Micro Devices 7.1%, and Intel 8.5%. These companies are central to the AI sector, which Trade Nation analyst David Morrison noted is emerging from a "difficult period." However, consumers may see different effects in other sectors; for instance, ITV attributed its advertising revenue decline partly to new regulations that took effect on October 1, 2025, banning daytime advertisements for certain food and drink products.
Looking ahead, several key economic indicators are scheduled for release on Thursday, November 12, 2026. These include UK gross domestic product (GDP), industrial production, and trade figures, alongside U.S. initial jobless claims and existing home sales data. Investors will also monitor Anthropic's potential IPO next week, which could further influence the valuation of AI-adjacent companies. In the UK, the government continues to negotiate ties with the EU, with Bloomberg reporting that officials have identified the independence of financial services regulations as a "red line" in ongoing discussions.