Asian stocks were mixed as investors awaited clues on the Federal Reserve’s policy path in its final interest-rate decision of the year. Chinese equities fell after a government report showed inflation edged higher in November, damping expectations for lower interest rates. Shares also edged lower in Japan, while they rose in Taiwan. Silver extended gains after rising to a record, while Australian bonds added to their selloff following this week’s hawkish central bank decision. Traders are anticipating a third consecutive Fed rate cut Wednesday, while the focus will be on the central bank’s latest dot plot, economic projections and comments from Chair Jerome Powell. Volatility around the decision has been among the defining characteristics of equity trading in the past six weeks, superseding concern about a potential AI bubble and the impact of President Donald Trump’s trade policies. China’s stocks have been losing steam after a stellar run earlier this year, dragged down by concerns over valuations, weak economic data and lack of stimulus signals from government leaders. The MSCI China Index is now about 1.4% away from entering a technical correction. Chinese retail stocks bucked the trend after Beijing called for prioritizing the industry as a key driver to boosting domestic demand. Retail should be prioritized as a key driver for building a robust domestic demand system and strengthening the domestic economic cycle, Vice Commerce Minister Sheng Qiuping said at a briefing. Yonghui Superstores and Fujian Dongbai Group both rose by the 10% daily limit. Silver extended its rally after breaking above $60 an ounce for the first time on Tuesday, with momentum coming from supply tightness and bets on further monetary easing by the Fed. The white metal rose as much as 1.3% to a record $61.4797 an ounce on Wednesday. Australia’s three-year note yield rose as much as seven basis points to 4.21%, the highest since November 2024. The yield had jumped 10 basis points on Tuesday when central bank Governor Michele Bullock called an end to a truncated easing cycle as policymakers gauge whether a pickup in inflation requires an extended interest-rate pause or a switch to tightening. Global bond yields have risen to highs last seen in 2009 ahead of a key Federal Reserve policy meeting, signaling concerns that interest-rate cutting cycles from the US to Australia may be ending soon. US Treasuries were little changed after dropping Tuesday when data showed October job openings increased to the highest level in five months. The Fed’s two previous cuts this year were intended to address weakening employment conditions, including a rise in the unemployment rate to nearly 4.5%. Kevin Hassett, the frontrunner in Trump’s search to replace Powell, said on Tuesday that he sees plenty of room to substantially lower rates, even more than a quarter-point cut. Another Fed rate cut is seen as further eroding the options for investors who are looking for healthy income levels. In recent years, investors were paid handsomely to play it safe. Short-term US Treasuries offered yields above 5% — a rare chance to earn solid returns without locking up capital or chasing risk. The Fed’s expected cut is a reminder that “today’s yields may not always be available,” said James Turner, co-head of global fixed income for EMEA at BlackRock in London. Pension and insurer clients are looking toward high yield, emerging-market debt, AAA rated collateralized loan obligations and securitization investments, to “enhance income and diversify,” he said
Oil held the biggest two-day drop in a month as concerns about global oversupply continued to weigh on sentiment.
US After Hours BRZE +14.7% higher on earnings; GEV +6% higher on raised multi-year guidance, dividend hike and buyback increase; CBRL -9.5%, AVAV -5.1%, CASY -2.5% lower on earnings.
Nikkei -0.10% Hang Seng +0.15% CSI -0.09% Shanghai -0.18% Shenzen +0.31%
Eur$ 1.1629 CNH 7.0593 CNY 7.0619 JPY 156.66 GBP 1.3309 CHF 0.8060 RUB 77.3646 TRY 42.5955 WTI$ 58.37 +0.19% Gold 4,212 +0.60% BTC 92,630 -0.04% ETH 3,324 +0.62% SOL 138.88 +0.86%
S&P +0.04% Nasdaq +0.02% EuroStoxx -0.25% FTSE -0.30% Dax -0.25% SMI -0.47%
Macro :
- FDA Taking Hard Look at Safety Data for RSV Shots for Babies
- Sequoia-Led Funding Vaults Fal to $4.5 Billion Valuation
- Fayed’s Harrods Victims to Get More Say Via New Settlement Plan
- French Stock Futures Trade Lower After PM Wins Key Budget Vote
- Biotech rally mints huge profits for hedge funds - FT
Keep an eye on :
Keep an eye on :
- ADDVA SS : Amplex Offers to Buy ADDvise for About SEK1.05b
- AGN NA : Aegon to Move Head Office and Legal Seat to US; Sets New Targets
- AAL LN : Anglo Shareholders Vote in Favor of $50 Billion Takeover of Teck
- ALKT US : Activist Investor Jana Urges Alkami Technology to Explore Sale
- ANET US : Arista Is the AI Data Center Networking Stock to Watch - The Information
- BAVA DC : Bavaria Approves Sale of Alte Akademie Property to Investor: SZ
- BKG LN : Berkeley 1H Revenue Misses Estimates
- BMW GY : BMW Names New Boss to Guide It Through Industry Upheaval - WSJ
- CA FP : Carrefour, Carmila, Unlimitail, JCDecaux Agree on Ad Partnership
- CA FP : MercadoLibre, Carrefour Launch Argentina Grocery Service
- CICN SW : Cicor Lowers Net Sales, Ebitda Guidance for 2025
- CLASB SS : Clas Ohlson 2Q Operating Profit Beats Estimates
- DELIA NO : Dellia Group Offering of 650,000 Shares Prices at NOK310/Share
- DHER GY : Delivery Hero Weighs Strategic Steps, No Decisions Made Yet
- SATS US : EchoStar Jumps as SpaceX Said To Pursue IPO Raising Above $30B
- FNAC FP : Fnac Darty Agrees £300m Full Buy-In of UK Pension Scheme
- GXI GY : Gerresheimer to Take ‘Necessary Steps’ After Short-Seller Report
- HUSQB SS : Husqvarna Targets Operating Margin of >10% Over Business Cycle
- IDR SM : Indra in Talks With Apis to Sell Payment Unit: Expansion
- INTC US : Intel Signs Term Sheet to Acquire SambaNova Systems: Wired
- LLY US : Eli Lilly to Build $6B Facility in Alabama
- JPM US : JPMorgan Shares Slide as Bank Sees 2026 Expenses at $105B, Mike Mayo Says JPMorgan’s ‘Expense Shocker Should Reverberate’
- MRVL US : Marvell Tech Drops on Information Report; Evercore Maintains Buy
- MELE BB : Melexis Starts New €50 Million Share Buyback Program
- NG/ LN : UK’s Nu Quantum Raises $60 Million in Round Led by National Grid
- Nu Quantum : UK’s Nu Quantum Raises $60 Million in Round Led by National Grid
- SCYR SM : Sacyr Holder Nortia Capital Offers About 40.8m Shares: Terms
- SHEL LN : Shell in Advanced Talks to Buy LLOG Exploration Offshore:Reuters
- ENR GY : Siemens Energy Holder Ananym Pushes For Review of Wind Unit
- 000660 KS : SK Hynix : AI Memory Chipmaker SK Hynix Weighs US Listing to Lift Valuation
- Space X IPO : SpaceX Said to Pursue 2026 IPO Raising Far Above $30 Billion
- STB NO : Storebrand Lifts Return on Equity Goal to 17% From 14% for 2028
- SumUp IPO : SumUp Expands Banking Capability as It Gets Ready for Listing
- TEMN SW : Temenos to Buy Back up to CHF100m in Shares
- 6201 JP : Elliott Reports 5% Toyota Ind. Stake; May Make Proposals (1)
- TSAT US : Canada Awards Multibillion-Dollar Military Satellite Deal to MDA Space, Telesat - WSJ
- 2330 TT : TSMC’s Sales Rise 24.5% on Resilient AI Demand
- TTG LN : DBAY Considers Possible Offer for TT Electronics
- TTE FP : TotalEnergies Seeks $267M From Adani Green Block Trade: Terms
- TUI1 GY : TUI FY Revenue Meets Estimates
- 2202 HK : China Vanke Aims to Avoid Default as Bondholder Vote Begins
- VIRI FP : Viridien Starts Seismic Reimaging Program Offshore Angola
- WBD US : Warner Bros. Bidders Brace for a Fight That Will Last Months