- Wall Street indices are trading mostly lower today - S&P 500 drops 0.1%, Dow Jones trades 0.2% lower and small-cap Russell 2000 slumps over 1.3%. Nasdaq is the outperformer with a 0.1% gain
- European stock market indices traded higher today - German DAX jumped 0.8%, French CAC40 gained 0.7%, Dutch AEX traded 0.5% higher and Spanish Ibex moved 0.6% higher. UK FTSE 100 was a laggard and dropped 0.3%
- German DAX closed at the highest level in history today
- USD and JPY are the best performing G10 currencies, while AUD and NZD are top laggards
- Precious metals are pulling back under pressure from stronger USD - gold drops 0.6%, silver trades 1.5% lower, platinum slides 2.2% while palladium slumps over 5%
- Energy commodities are trading mixed - oil drops over 1% while US natural gas prices are up 0.5%
- Cryptocurrencies continue to rally. Bitcoin is up 4% on the day and trades above $43,500 mark
- US services ISM index climbed from 51.8 to 52.7 in November (exp. 52.0), driven by better-than-expected New Orders and Prices Paid subindices
- US JOLTS report showed job openings dropping from 9.35 million to 8.73 million in October (exp. 9.30 million)
- Final US services PMI index for November came in at 50.8, in-line with flash release
- Reserve Bank of Australia left interest rates unchanged at a meeting today, with the main interest rate staying at 4.35% - in-line with market expectations
- Spanish industrial production dropped 1.5% YoY in October (exp. -1.7% YoY)
- Chinese services PMI increased from 50.4 to 51.5 in November (exp. 50.7)
- CPI inflation in Japanese Tokyo area decelerated from 2.7 to 2.3% YoY (exp. 2.4% YoY)
- Moody's affirmed China's A1 rating but changed the outlook from 'stable' to 'negative'
- Russian deputy prime minister Novak said that Russia will start reducing oil and fuel supplies under OPEC+ agreement as early as in December
BITCOIN continues to rally. Cryptocurrency gains 4% today, climbs above the $43,500 mark and trades at the highest level since early-April 2022. Source: xStation5
