Stocks declined and the dollar hovered near two-month lows as investors reined in risk ahead of key US economic data that may signal where interest rates are headed. Asian shares fell 1.3% and futures pointed to a third day of losses for the S&P 500 as traders held back ahead of Tuesday’s November US jobs report. A gauge of Chinese shares was on course for a technical correction amid concerns about a slowing economy. Contracts also pointed to a weak open for European equities ahead of the data, which are expected to show a sluggish labor market. Weaker sentiment hit cryptocurrencies, with Bitcoin trading around $85,500. Oil held near the lowest level since 2021 as traders weighed the outlook for a ceasefire in Ukraine, while gold pulled back after five days of gains. The moves underscored a sense of caution building in the final weeks of a year marked by April’s market lows, when century-high US tariffs rattled investors, followed by the AI-driven rebound and Federal Reserve easing. With a large number of key economic data releases due this week, investors will get a clearer read on whether that narrative can hold. Currencies were also in focus in Asia, with the yen gaining against the dollar to trade below 155 ahead of the Bank of Japan’s widely expected move to lift its key rate to the highest level in three decades on Friday. The Indian rupee has slid to record lows and a rising number of officials are arguing for a stronger yuan to help rebalance the Chinese economy. Traders were keeping a close eye on technology shares with AI-related firms remaining under pressure. An MSCI gauge of Asian tech stocks fell for a second straight day, putting it on course for its lowest level since early December. Some investors are also rotating into stocks that have so far remained in tech’s shadow. Elsewhere, Nasdaq Inc., the second-largest exchange in the US, is looking for regulatory approval to extend trading hours on its stock venues to 23 hours during the work week. Back in the US, the November jobs report will be key for investors assessing the path of interest rates. The reading will also include an estimate of October payrolls — figures that were delayed by the federal shutdown, while the US consumer price index is scheduled for Thursday. Treasury 10-year yields steadied around 4.17% after edging down on Monday amid bets the Fed will cut rates twice next year to support the jobs market even as inflation shows signs of stickiness. With the Fed still appearing to be more focused on labor-market weakness than inflation, we’re likely facing a “bad news is good” scenario for the jobs report, according to Chris Larkin at E*Trade from Morgan Stanley. Fed Governor Stephen Miran argued the policy stance is unnecessarily restrictive. Fed Bank of New York President John Williams said policy is well positioned for next year following last week’s reduction. His Boston counterpart Susan Collins noted the rate decision was a “close call” as she’s concerned about high inflation. US After Hours F +1.2% ticks higher after confirming $19.5 bln charge and plans to invest in higher return growth opportunities; RILY +34.3% surging on earnings; NAVN -6.4% lower on earnings.
Nikkei -1.56% Hang Seng -1.85% CSI -1.10% Shanghai -1.06% Shenzen -1.37%
Eur$ 1.1753 CNH 7.0377 CNY 7.0431 JPY 154.71 GBP 1.3368 CHF 0.7961 RUB 79.5178 TRY 42.7051 WTI$ 56.45 -0.65% Gold 4,285 -0.47% BTC 85,930 -0.31% ETH 2,918 -0.90% SOL 126.19 +0.24%
S&P -0.58% Nasdaq -0.87% EuroStoxx -0.50% FTSE -0.35% Dax -0.66% SMI +0.05%
Macro :
- JPMorgan Executive Urges Europe to Scrap Limit on Banker Bonuses
- Steve Cohen, Bally’s, Genting Get Final Approval for NYC Casinos
- Prediction Markets Will See 5-Fold Growth by 2030, Citizens Says
- Trump Confirms He’s Considering Marijuana Reclassification Order
- Goldman Sees Global Risk-On View Sustaining on Positive Macro
- London Luxury Home Market Had Worst Year Since Pandemic
- UK National Wealth Fund to Prioritize Direct Investments: FT
Keep an eye on :
Keep an eye on :
- ABVX FP : Abivax Presents Third Quarter 2025 Financial Results
- AIR FP : Airbus Supplier Tells Workers Quality Fixes Are Coming
- ANDF NO : Andfjord Salmon Group Offers 6.1m Shares at NOK26.70/Share, Andfjord Salmon Group Offering Prices at NOK26.70/Share
- AAL LN : Anglo, Teck Win Canada’s Approval to Form $50 Billion Miner
- AAPL US : GM Strikes Deal to Put Apple Music in All of Its New Vehicles
- AST LN : Kimmeridge Offers $6b for Gas Driller Ascent Resources: FT
- BLK US : BlackRock Loses $5.9 Billion Mandate From Dutch Pension Fund PME
- BNP FP : BNP Paribas Sells Geojit Stake as Bajaj Allianz, ICICI Pru Buy
- BP/ LN : Shell Mergers Chief Left Firm After CEO Blocked Bid for BP: FT
- CATL IM : Caltagirone Gives Up Voting Powers in MPS, Generali Amid Probe
- ALCLS FP : Allogene Therapeutics Reports Result for Servier In Arbitration With Cellectis; Arbitration Ruling Reaffirms Allogene's Full
- DIS US : ‘Beauty and the Beast’ Live-Action Spinoff Movie ‘Gaston’ in the Works at Disney
- DIS US : OpenAI Deal to License Disney Characters Is Entirely in Stock
- DOCM SW : DocMorris: Sterling Strategic Value Fund , Sicav-Raif détient une part de 3,205%
- RF FP : Eurazeo, MCH Ink Pact With Ardian for Sale of Fermax Stake
- FCT IM : Fincantieri Pushes Back Loan Repayment for Virgin Cruises Unit
- F US : Ford to Repurpose EV Battery Plant for Energy Storage Batteries
- G IM : Caltagirone Gives Up Voting Powers in MPS, Generali Amid Probe
- GOOGL US : Google’s Gemini for Government to Power DoW’s GenAI.mil
- GSK LN : GSK Says Exdensur Approved in UK to Treat Asthma, Rhinosinusitis
- HFG GY : ACCC Starts Court Proceedings Against Hellofresh, Youfoodz
- HOLN SW : Holcim Buys $750 Million Majority Stake in Peruvian Firm
- KER FP : Kering and Ardian Form Joint Venture for New York Property
- MAT US : Mattel and OpenAI won't release their AI toy in 2025
- ML FP : Michelin Makes €1.2 Billion Offer for Alfa Gomma: Corriere
- BMPS IM : Caltagirone Gives Up Voting Powers in MPS, Generali Amid Probe
- NDX1 GY : Nordex to Supply 34 Turbines to Wind Farm in New Brunswick
- SAN FP : Adel Signs $1.04B Global License Pact With Sanofi for Adel-Y01
- SHEL LN : Shell mergers chief departed after CEO blocked bid for BP
- STM GY : Stabilus Approves up to €20M Share Buyback Program
- STLA US : Elkann Faces Indictment in Agnelli Inheritance Case
- THEON NA : Defense Group Theon Sees 99% Investor Take-Up in Rights Issue, Theon International to Raise EUR148 Million Via Rights Issue
- TEF SM : TELEFONICA SET TO REPLACE CFO ABASOLO, EL ECONOMISTA REPORTS
- TTG LN : TT Directors Consider Only All Cash Offer by Cicor to Be Fair
- TTG LN : TT Directors Consider Only All Cash Offer by Cicor to Be Fair
- TTE FP : Totalenergies Agrees to Sell ~10% Stake in SK408 to PTTEP
- UBSG SW : UBS Group Chief Ops & Technology Officer Dargan to Step Down
- UN0 GY : Uniper Begins Sale of 20% Stake in OPAL Gas Pipeline
- USP US : UPS Buys Hundreds of Robots to Unload Trucks in Automation Push
- VLA FP :
- VAR NO : Var Says PPF Project in Greater Ekofisk Area Sanctioned
- VONN SW : Vontobel CFO Thomas Heinzl Steps Down
- 1810 HK : Xiaomi's Smartphone Segment Faces Headwinds -- Market Talk
- XRX US : Xerox Seeks New Debt Financing Backed by Intellectual Property -- WSJ