- American indices are mostly experiencing pre-holiday rebounds today. Initial losses caused by a worse-than-expected consumer sentiment index reading were recovered later in the session. The S&P 500 is up nearly 0.5% today, the Nasdaq 100 is rising by almost 0.9%, and the Dow Jones is trading close to yesterday's closing price. Only the Russell 2000 is down nearly 0.5% today.
- Rumble's stock price surged by over 100% today following the announcement that Tether decided to purchase shares of the company. The transaction amounted to $775 million, with an average purchase price of $7.5 per share.
- Honda is up 12% today after officially confirming that it has begun talks with Nissan about a potential merger of the car manufacturers. Such a transaction would create a conglomerate that would be the third-largest car manufacturer (after Toyota and Volkswagen).
- European indices are experiencing pre-holiday gains. The Swiss SMI is up over 0.9%, the British FTSE 100 is gaining 0.2%, and the Italian IT40 is up 0.3%. However, there is a more negative sentiment in France, where the price remains at the previous closing level, and in Germany, where the German DAX is down 0.2%.
- 10-year U.S. Treasury yields continue to rise, approaching the psychological barrier of 4.6%. Today, they increased to 4.585%, the highest reading since May of this year.
- The U.S. consumer confidence index, prepared by the Conference Board, unexpectedly fell to 104.7 (forecasted value: 113.3; previous value: 112.8). The reading was a negative surprise in a key month for retail trade.
- New home sales in the U.S. increased by 5.8% month-over-month in November, and October's data was revised to -14.8% month-over-month. The increase in sales was higher than expected. At the same time, the median price fell by -6.3% year-over-year. Price movements indicate the effect of high interest rates on consumer demand.
- Canada's GDP grew at a faster pace month-over-month than the previous month and exceeded the forecasted growth rate. The increase was 0.3% compared to the forecasted 0.1%. The IPPI inflation rose by 0.6% month-over-month in November (compared to the forecast of 0.3% month-over-month). Year-over-year, inflation rose by 2.2%, surpassing the 2% barrier for the first time since July of this year.
- Spain's GDP for Q3 grew by 0.8% quarter-over-quarter, in line with expectations. On an annual basis, GDP growth was slightly weaker compared to expectations: +3.3% versus the forecast of +3.4%.
- Today, we see stronger movements in the British pound, which is down nearly 0.4% against the U.S. dollar. The euro is also down, falling by 0.3% against the U.S. dollar. The Swiss franc is also losing significantly today, down 0.8% against the dollar and 0.6% against the euro.
- Profit-taking pressure is evident in gas prices today. Gas futures are down -2.5% despite the lack of clear market signals supporting weak demand.
- In the precious metals market, gold declines 0.4%. However, we see positive sentiment towards both platinum (+1.4%) and palladium (+1.9%). Silver is up nearly 0.5%.
- Bitcoin is down over 2% today, falling below the $95,000 level. In contrast, Ethereum is up nearly 1.7%.
This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".
