Global Markets:
- Asian Stock Markets : Nikkei down 0.11%, Shanghai Composite up 0.18, Hang Seng down 0.87% ASX up 0.39%
- Commodities : Gold at $2013.05 (0.03%), Silver at $24.66 (-0.06%), Brent Oil at $80.01 (0.26%), WTI Oil at $75.00 (0.26%)
- Rates : US 10-year yield at 4.387, UK 10-year yield at 4.257, Germany 10-year yield at 2.540
News & Data:
- (USD) New Home sales 679K vs 724K expected
Markets Update:
The Asia-Pacific markets displayed mixed performances, diverging from the previous day’s overall negative trend. Oil prices saw a slight dip following Qatar’s announcement of a two-day extension to the Israel-Hamas truce. Brent futures for January fell by 0.62% to $80.08 a barrel, while West Texas Intermediate crude futures initially dropped but later rebounded, closing at $75.16 a barrel with a 0.4% gain.
In Australia, the S&P/ASX 200 closed at 7,015.2, marking a 0.39% increase, anticipating the upcoming release of October’s inflation figures. South Korea’s Kospi rose by 0.35%, while the smaller Kosdaq surged by 0.49%. Conversely, Japan witnessed a downturn, with the Nikkei 225 and Topix both sliding by 0.11% and 0.3%, respectively.
Hong Kong’s Hang Seng index extended its losses by 0.44% from the previous day, while mainland China’s CSI 300 index remained nearly unchanged below the flatline. In the U.S., all major indexes experienced declines on Monday, interrupting a four-week winning streak. This downturn followed a market rally triggered by the retreat of the 10-year Treasury yield from briefly surpassing 5% in late October.
For the month, the S&P 500 climbed 8.5%, the Dow rose by 6.9%, and the Nasdaq surged by 10.8%. Monday’s Dow Jones Industrial Average dipped by 0.16%, the S&P 500 shed 0.2%, and the Nasdaq Composite saw a marginal decrease of 0.07%. Overall, markets displayed varied movements in response to regional and global developments, continuing to navigate shifting geopolitical and economic factors.
Upcoming Events:
- 2:00 PM GMT – USD HPI m/m
- 3:00 PM GMT – USD CB Consumer Confidence
- 3:00 PM GMT – USD Richmond Manufacturing Index
