Overnight News at a Glance for November 5

date
05/11/2026
1. On the 4th, the European Commission published accession roadmaps for Ukraine and three other EU candidate countries, urging Kyiv to accelerate reforms in order to complete accession negotiations by the end of 2028. 2. U.S. President Trump said he did not say the Iran war would end immediately after the U.S. midterm elections. Trump said, "The Iran war will end when I want it to end," and that the end of the Iran war must be done right. 3. U.S. President Trump acknowledged that the election defeat was to a large extent indeed caused by the conflict with Iran, and said that if he could do it over again, he would still make the same decision. Trump said he would not replace Defense Secretary Hegseth, who is "doing an excellent job." 4. On the 4th, the European Commission published its 2027 work program, proposing measures such as deepening the single market, lowering energy costs, and reducing administrative burdens to enhance the economic competitiveness of EU countries, while also strengthening defense and security, improving social welfare, addressing climate change, and expanding international cooperation. 5. House Democratic Leader Jeffries said he will push to pass legislation to terminate Trump's tariff measures and end the Iran war. 6. Arm fell more than 4% after hours. The company expects third-quarter revenue of $1.49 billion to $1.59 billion, versus market estimates of $1.53 billion. 7. Snap fell more than 10% after hours. The company expects fourth-quarter revenue of $1.95 billion to $1.99 billion, versus market estimates of $1.96 billion. 8. Multiple major U.S. media outlets projected that the Democratic Party won a landslide victory in the midterm elections held on the 3rd. The dollar and U.S. Treasury yields moved lower, while gold and silver futures prices rose sharply on the 4th.