Stocks in Asia posted a modest gain after sluggish US jobs data did little to bolster bets on further interest-rate cuts by the Federal Reserve. MSCI’s regional equities gauge erased earlier losses to edge up 0.2%, with advancers and decliners almost evenly matched. Technology shares gained after a two-day selloff, while Chinese chipmaker MetaX Integrated Circuits Shanghai Co. jumped as much as 755% on its trading debut. Attention was also on the Indian rupee, which jumped 1% against the dollar after the central bank stepped in to support the currency. Moves were more pronounced in the commodities market, with crude oil rising more than 1% as US President Donald Trump ordered a blockade of carriers going into and leaving Venezuela, raising concerns about supply from the OPEC member. Silver climbed to a record above $65 an ounce, while gold edged toward a record high. Platinum rose for a fifth day to hit the highest since 2011. The latest US labor data signaled a cooling jobs market — but not one rapidly weakening — prompting traders to hold off on increasing bets for near-term rate cuts. Following Tuesday’s report, markets priced in roughly a 20% chance of a January reduction. Attention will now turn to Thursday’s inflation numbers for clues on whether the narrative may shift in the final full trading week of the year. Nonfarm payrolls increased 64,000 in November after declining 105,000 in October amid a contraction in federal employment. The unemployment rate was 4.6% last month, up from 4.4% in September and the highest since 2021. A separate report out Tuesday showed retail sales were little changed in October as a decline at auto dealers and weaker gasoline receipts offset stronger spending in other categories. Figures from S&P Global showed US business activity expanded in December at the slowest pace in six months, while a measure of input prices jumped to a more than three-year high. In other corners of the market, Treasuries slipped, paring gains from the previous two sessions and nudging the 10-year yield up by one basis point to 4.16%. The dollar traded in narrow ranges versus major peers, with markets still fully pricing in two quarter-point rate cuts by the Fed next year. Meanwhile, the Trump administration has also threatened retaliation against the European Union in response to efforts to tax American tech companies, singling out prominent companies, including Accenture Plc, Siemens AG and Spotify Technology SA, as possible targets for new restrictions or fees. The president also ramped up pressure on Venezuela, sending crude oil higher after the commodity hit its lowest level since 2021. The move represents an escalation and follows the seizure of an oil tanker last week by US forces off Venezuela. The escalation in tensions sent bullion above $4,325 an ounce, recovering from a modest decline in the previous session that snapped a five-day winning streak. Gold is not far off the record high above $4,381 set in October. The precious metal has jumped about two-thirds this year and is on track for its best annual performance since 1979. The scorching rally has been driven by elevated central-bank buying, as well as a broader pullback by investors from government debt and key currencies. Geopolitical tensions have also enhanced its haven appeal. US After Hours DBVT +65.9% on positive topline data; ULCC +6.5% on Bloomberg report that Spirit Airlines considering merger; WOR -9.2%, LEN -4.5% lower on earnings
Nikkei +0.18% Hang Seng +0.34% CSI +1.02% Shanghai +0.45% Shenzen +0.46%
Eur$ 1.1724 CNH 7.0392 CNY 7.0447 JPY 155.25 GBP 1.3384 CHF 0.7968 RUB 79.1871 TRY 42.7186 WTI$ 56.08 +1.50% Gold 4,336 +0.78% BTC 86,843 -1.03% ETH 2,940 -0.35% SOL 127.8760 -0.49%
S&P +0.09% Nasdaq +0.10% EuroStoxx +0.14% FTSE +0.26% Dax +0.18% SMI +0.00%
Macro :
- Germany Set to Approve €50B in Military Purchases: FT
- Trump Weighs Pressuring Defense Firms to Cut Buybacks, Dividends
- Trump Weighs Pressuring Defense Firms to Cut Buybacks, Dividends
- JPMorgan pulls $350bn from Federal Reserve to buy up Treasuries
- Poland Defies Europe’s Offshore Wind Malaise With First Auction
Keep an eye on :
Keep an eye on :
- ALV GY : Allianz CIO Says Expectations of ECB Hikes in 2026 Are a ‘Myth’
- AMZN US : OpenAI in Talks to Raise $10 Billion From Amazon, Use Its Chips
- ARIS IM : Ariston to Buy Riello Group From Carrier Global Units For EU289m
- BA/ LN : Air Astana Holder BAE Systems Offers Shares
- BP/ LN : Petrobras Said to Sign Off on Deal for BP Brazil Solar Stake
- CEC GY : Ceconomy Sees 2026 Adjusted Ebit About EU500M, Est. EU456.5M
- COLR BB : Colruyt 1H Gross Margin Beats Estimates
- CON GY : Automotive behemoth Continental AG to sell Aus biz mycar, was KMart Tyre & Auto
- CPR IM : Campari Owner Settles Italy Tax Case for €405 Million
- CPR IM : Campari Owner Settles Italy Tax Case for €405 Million
- DBV FP : DBV Technologies Announces Positive Topline Results from Phase 3 VITESSE Trial of VIASKIN® Peanut Patch in Peanut Allergic
- DBVT US : *DBV TECH ADRS SOAR 75% POSTMARKET AFTER RESUMING
- ENEL IM : Brazil to Ask to End Enel Concession Contract in Sao Paulo
- EQT SS : EQT Completes Sale of Shares in Enity Holding
- EQNR NO : Poland Defies Europe’s Offshore Wind Malaise With First Auction
- GSK LN : GSK Gets FDA Approval of Exdensur for Treatment of Severe Asthma
- GOOGL US : Waymo Seeks to Raise Funds at Valuation Near $100 Billion
- HNSA SS : Hansa Biopharma’s Phase 3 Anti-GBM Disease Trial Missed Endpoint
- HOLN SW : Holcim’s Lafarge Risks €36 Million Penalty for Cash to Jihadists
- IOS GY : IONOS Group SE Sees 2026 Adjusted Ebitda Margin 37% to 38%
- KVUE US : Kenvue Faces FDA Petition to Remove Benadryl’s Active Ingredient
- KCO GY : Klöckner Pentaplast to Eliminate €1.3b Debt In Restructuring
- KOG NO : Kongsberg Buys Missile Company Zone 5 for Undisclosed Sum
- LION US : *LIONSGATE STUDIOS SHARES CLIMB AS MUCH AS 11%
- Medline IPO : Medline Is Said to Consider Pricing US IPO at $29 Per Share
- META US : Meta adopts new age-check system to meet global child safety laws
- NFOR IT : Ellomay Capital Sells Control Stake to Oy Nofar Energy
- NDX1 GY : Nordex Gets Order for Nearly 107MW in Germany
- OCI NA : OCI Shareholders Dispute Terms of Takeover by Orascom: FD
- SAN FP : Sanofi’s Efdoralprin Alfa Earns EU Orphan Designation For AATD
- Space X IPO : SpaceX Said to Notify Employees of Quiet Period Ahead of IPO
- SZU GY : Suedzucker Maintains FY Revenue Forecast
- TSLA US : Tesla Faces California Sales Halt Unless It Alters Marketing
- UPM FH : UPM Discontinues Graphic Paper Output at Ettringen in Germany
- VAR NO : Var Reports Startup of Balder Phase V, Completion of Asgard LPP3
- VWS DC : Vestas Gets 828-MW Order from Casa dos Ventos in Brazil
- VITR SS : Vitrolife to Restructure Genetic Services Program
- WBD US : Kushner’s Affinity Withdraws From Warner Bros. Takeover Battle