Stocks extended their Friday rebound as traders increased bets on an interest-rate cut by the Federal Reserve next month. Futures on the S&P 500 advanced 0.5% after the benchmark rose Friday, closing out a volatile week marked by selling in riskier corners of the market. Contracts for the Nasdaq 100 index rose 0.7%, while MSCI’s gauge of Asian shares gained 0.6%. Hong Kong stocks rallied as Alibaba Group Holding Ltd. jumped 4% after its main AI app drew more than 10 million downloads in the week after its relaunch. Oil dropped after posting the biggest weekly loss since early October, as traders weighed the prospect of a Ukraine-Russia peace deal that could increase crude flows into an already well-supplied market. Gold edged lower for a third day. There was no cash trading in Treasuries due to a holiday in Japan Monday. Risk appetite improved on Wall Street after reports Friday that US officials were holding early talks on whether to allow Nvidia Corp. to sell its H200 artificial intelligence chips to China. The market also got an injection of hope after Fed Bank of New York President John Williams suggested a near-term rate cut remains a possibility. Markets saw a resurgence in volatility last week as doubts over the Fed’s ability to cut rates unsettled investors. Assets favored by retail momentum traders — including cryptocurrencies and AI-related stocks — swung sharply, while a selloff in Asian tech shares drove the MSCI Asia Pacific Index to its steepest weekly drop since April. Treasuries climbed on Friday after Williams, seen as a close ally to Chair Jerome Powell, said he sees room to ease policy in the near term, as downside risks to employment have increased while upside risks to inflation have eased. While traders boosted bets on a December cut, officials remained split on whether to lower rates, with Boston Fed chief Susan Collins indicating her mind isn’t made up about a policy move. Heading into the October policy meeting, investors saw a December rate cut as a sure thing. Odds plunged following the outburst of hawkish sentiment, briefly falling below 30%, according to pricing in federal funds futures. Traders now price in more than a 60% chance of a rate cut. Attention is also on the crypto market after volatility spiked last week and Bitcoin slid. On Monday, Bitcoin fluctuated after a temporary weekend reprieve amid headwinds from macroeconomic uncertainty and outflows from the exchange traded funds. Sentiment remained jittery with traders watching $85,200 as a key support level. The largest cryptocurrency edged lower to trade around $87,500 after rallying more than 4% on Sunday. Elsewhere, the euro and pound were steady as fiscal pressures in Europe also take focus. France’s National Assembly rejected part of the 2026 budget in the early hours of Saturday morning, highlighting the uncertainties surrounding Prime Minister Sebastien Lecornu’s approach to tackling the bloated deficit. The UK government at the weekend said it would freeze rail fares in the budget due Wednesday. It’s one of several affordability measures expected as Chancellor of the Exchequer Rachel Reeves seeks to offset the political pain of having to raise as much as £25 billion ($33 billion) in tax hikes and spending restraint to stabilize the UK’s public finances. In other geopolitical news, the China-Japan spat continued, with China writing a letter to the UN. Also, Japan’s defense minister, visiting a military base close to Taiwan, said plans to deploy missiles to the post were on track as tensions smolder between Tokyo and Beijing over the East Asian island. Meanwhile, US Secretary of State Marco Rubio said President Donald Trump’s proposed Nov. 27 deadline to secure Ukraine’s support for a US-backed peace plan isn’t set in stone and could drift into the following week. Rubio’s note of caution followed US-Ukrainian talks Sunday in Geneva that both sides described as making progress toward a deal.
Nikkei closed Hang Seng +1.88% CSI -0.08% Shanghai +0.12% Shenzen +0.94%
Eur$ 1.1525 CNH 7.1068 CNY 7.1053 JPY 156.53 GBP 1.3105 CHF 0.8081 RUB 79.0663 TRY 42.4442 WTI$ 58.04 -0.03% Gold 4,045 -0.48% BTC 86,980 -1.12% ETH 2,836 -0.17% SOL 130.90 -1.60%
S&P +0.48% Nasdaq +0.69% EuroStoxx +0.72% FTSE +0.50% Dax +0.70% SMI +0.64%
Macro :
- EU to tighten investment rules to stand up to China
- Why now is the best time to invest in climate tech - TechCrunch
- Nasdaq Announces Changes to Several Nordic Indexes From Dec. 1
- Nasdaq Announces Changes to Several Nordic Indexes From Dec. 1
- Equity Positioning Is Underweight for First Time in Months: DB
- Hedge Funds Scramble to Cover Short Positions as Stocks Rebound
- NASA Awards Contracts to Plug Power, Air Products and Chemicals
- Trump Grants Coke Oven Rule Relief to Support Steel Industry
- Trump, Meeting Mamdani, Calls on New York’s Con Ed to Cut Rates
- Brazil’s Bolsonaro Has Been Arrested, Held in Police Custody
- Cornered Europeans Tell Trump His Ukraine Plan Needs More Work
- Turkey Wants to Join Gaza Force Against Israeli Wishes
- Carney Says World Can Move on Without The US, Stresses New Ties
- UK to Extend EV Subsidies to Blunt Tax Increase in Budget
Keep an eye on :
Keep an eye on :
- ADP FP : Hundreds of Paris-De Gaulle Flights Delayed Due to Fog
- AIR FP : Airbus Narrowbody Preference Persists, Boeing Narrows Gap
- AF FP : Portugal’s TAP Attracts Interest From Three European Airlines
- APD US : NASA Awards Contracts to Plug Power, Air Products and Chemicals
- BABA US : Alibaba’s Main AI App Draws 10 Million Downloads in Strong Debut
- AAL LN : Teck-Anglo Mining Merger Supported by Advisory Firm Glass Lewis
- AAL LN : BHP Walks Away From Anglo Again After New Approach Founders
- AZN LN : AstraZeneca to Invest $2b in Maryland Manufacturing Facilities
- BAB LN : UK, Indonesia Ink £4b Maritime Deal
- ABX CN : Barrick in Talks to Regain Control of Giant Gold Mine in Mali
- BAYN GY : Bayer’s Asundexian Met Primary Efficacy and Safety Endpoints
- BHP LN : BHP Walks Away From Anglo Again After New Approach Founders
- BNP FP : BNP Paribas CEO Moves to Reassure Investors After Setbacks
- BNP FP : BNP Paribas Launches Share Buyback Program of €1.15 Billion
- CLASB SS : Clas Ohlson to Invest SEK400-450M in Insjon Distribution Center
- CRI FP : Compagnie Chargeurs, KPS Enter Exclusive Talks on Novacel
- ED US : Con Edison Has to Start Lowering Rates, Trump Says
- DAI GY : Daimler and Co. Face Billions in Damage Claims for Truck Cartel
- EL FP : EssilorLuxottica Prepared to Buy 5% to 10% of Armani: Il Sole
- EL FP : EssilorLuxottica Prepared to Buy 5% to 10% of Armani: Il Sole
- EL US : Estee Lauder CEO Says Continuing to Focus on China: FT
- FAGR BB : Fagron Gets New US Credit Facility of Up to $225M From PGIM
- Fuse Energy : Fuse Energy in Talks to Raise New Funding at $5b Valuation: FT
- GILD US : Gilead Gets FDA Orphan Drug Status for Anitocabtagene autoleucel
- GOOGL US : Google Judge Signals Concerns Over DOJ-Backed Ad Exchange Sale
- GOOGL US : Don’t Expect AI To Disrupt Google’s Monopoly on Search: Review
- GOOGL US : Waymo gets regulatory approval to expand across Bay Area and Southern California - TechCrunch
- IBE SM : Iberdrola’s Neoenergia to Sell Hydro Plant to EDF’s Brazil Unit
- JTC LN : Warburg Pincus Rules Out Firm Offer for JTC
- BAER SW : Julius Baer Expects to Launch Abu Dhabi Advisory Office in Dec.
- BAER SW : Julius Baer Names Victoria McLean as Chief Compliance Officer
- KINVB SS : Kinnevik Chair Aims to Raise Profile of Investment Portfolio: DI
- LLBN SW : Liechtensteinische Landesbank Appoints Markus Schifferle as CFO
- MRK US : Merck Recommends Holders Reject Tutanota’s ‘Mini-Tender’ Offer
- META US : Meta wants to get into the electricity trading business - TechCrunch
- PSH LN : Bill Ackman Prepares for 2026 Pershing Square IPO, FT Says
- PLUG US : NASA Awards Contracts to Plug Power, Air Products and Chemicals (+3% after hous Friday)
- PRX NA : Prosus CEO Sees Adj. Ebitda of $1.1b-$1.2b for Full Year
- Real Madrid : Real Madrid’s Pérez Proposes Selling Stake of About 5% in Club
- RIEN SW : Rieter to Adjust Group Structure After Barmag Acquisition
- HOOD US : Robinhood Upgrades Sports Offering With Look of Online Betting
- SXC US : Trump Grants Coke Oven Rule Relief to Support Steel Industry +9% after hours
- SNAP US : Snap Starts Checking Users Ages Before Australian Under-16 Ban
- TSLA US : Musk Says Tesla Nears AI5 Chip Tape Out, Starting Work on AI6
- TTE FP : TotalEnergies Plans to Sell 6% Stake in Adani Green Energy: ET
- TSN US : Tyson to Close One of the Biggest Beef-Processing Plants in the U.S. -- WSJ
- UBSG SW : UBS Should Split Into Two Units, Populist Leader Blocher Says
- VIMIAN SS : Vimian Group Names Alireza Tajbakhsh as CEO
- MF FP : Wendel will open an office in Spain for IK Partners
- ZVRA US : Zevra Falls as Finance Chief Clifton to Step Down at Year’s End