Stocks in Asia edged higher on Monday as traders prepared to navigate a heavy slate of central bank decisions this week, including one where the Federal Reserve is widely expected to cut interest rates. MSCI Inc.’s gauge of Asian equities rose 0.2%, with the tech sector being the biggest contributor to gains. US stock index futures were up slightly while a gauge of the dollar edged lower. Equities on mainland China outperformed, helped along by some government proposals aimed at luring inflows into the stock market as well as better-than-estimated exports data. With traders already having priced in a 25-basis point rate cut by the Federal Reserve this week, a lack of fresh catalysts has seen markets move in tight ranges in recent days. Monday was no different. A gauge of global equities continued to hover near an all-time high reached in October as investor caution over the durability of this year’s AI-driven rally persisted. “The FOMC meeting will be the headline risk event,” Chris Weston, head of research at Pepperstone Group, wrote in a note. “A 25 basis-point cut is fully priced and viewed as a done deal, but the real debate centers on what a ‘hawkish cut’ looks like and whether the statement and Powell’s press conference aligns to that well-subscribed outcome.” Japan’s economy shrank in the three months through September, the government confirmed in a revised report on Monday, while signs emerged over the weekend that the nation’s relations with China were deteriorating. The GDP data added an element of complexity to the Bank of Japan’s upcoming policy decision next week, but likely won’t derail it from its gradual hiking path. Meanwhile, central banks spanning Australia to Brazil and the Philippines to Turkey will be announcing rate decisions this week, just as renewed inflation pressures prompt a reassessment of 2026’s monetary outlook. Beijing and Tokyo traded complaints against each other as their simmering diplomatic spat intensified over the weekend after Chinese fighter aircraft trained their fire-control radar systems on Japanese military jets for the first time. Defense stocks in Japan and China rose on Monday. China’s CSI 300 Index extended its gain to more than 1% after exports for November rose 5.9% in dollar terms, exceeding estimates and giving investors an insight into the health of the economy and the impact from modest US tariff relief. Meanwhile, French President Emmanuel Macron warned that the European Union may be forced to take “strong measures” against China, including potential tariffs, if Beijing fails to address its widening trade imbalance with the bloc. In commodities, silver wavered near a record and gold rose as China’s central bank added to its bullion reserves for a 13th straight month in November. Oil steadied as traders monitored India’s buying of Russian crude and Ukrainian attacks on its neighbor’s energy infrastructure. On Friday, the S&P 500 Index rose 0.2% to inch closer to a record high as a dated reading of the Fed’s preferred inflation gauge met expectations. Treasuries declined, pushing the 10-year yield up four basis points to 4.14% and closing out their worst week since April, after conflicting economic data cast fresh uncertainty on the scale of potential Fed rate cuts next year. Treasury yields may extend their rise, possibly toward 4.5%, on the back of an impending fiscal boost from President Donald Trump’s earlier spending bills, strong growth and “the broader reflationary momentum now ripping through global long-end bond yields,” Tony Sycamore, an analyst at IG Markets in Sydney, wrote in a note. “While we think this is likely more of a story for 2026, a rise of this magnitude could impact equities if it unfolds rapidly.” This week’s auctions of three-, 10- and 30-year government debt are slated to begin Monday, a day earlier than usual to avoid coinciding with the Dec. 10 Fed announcements. The US continues to clear the data backlog with the delayed JOLTS reports scheduled for release on Tuesday. Weekly jobless claims and the employment cost index are also due later. Besides the Fed rate decision, economists expect the Bank of Canada, Swiss National Bank and Reserve Bank of Australia will leave their respective policy rates on hold this week. While the Fed is likely to cut on Wednesday, “the rate path for 2026 is more uncertain as members balance lingering price pressures from tariffs, a cooling labor market, the likely pick-up in economic activity in the coming months,” Barclays strategists including Andrea Kiguel wrote in a note to clients. “We think 2026 is likely to be a year of prolonged holds, though markets could try to add hike premiums if inflation momentum persists.” Meanwhile, Wall Street research veteran Ed Yardeni recommended going underweight the Magnificent Seven megacap technology stocks versus the rest of the S&P 500, expecting a shift in earnings growth ahead.
Nikkei +0.18% Hang Seng -1.02% CSI +0.78% Shanghai +0.52% Shenzen +1.16%
Eur$ 1.1656 CNH 7.0671 CNY 7.0682 JPY 155.26 GBP 1.3339 CHF 0.8034 RUB 76.5436 TRY 42.5663 WTI$ 60.24 +0.27% Gold 4,216 +0.41% BTC 91,328 +1.21% ETH 3,133.4 +1.50% SOL 135.2030 +1.55%
S&P +0.16% Nasdaq +0.26% EuroStoxx -0.17% FTSE -0.16% Dax -011% SMI +0.18%
Macro :
- Yardeni Moves to Underweight on Mag 7 After 15-Year Tech Bet
- Six EU Countries Call for Abandoning 2035 Combustion Engine Ban
- CRH, Carvana, Comfort Systems USA to Join S&P 500
- CRH, Carvana, Comfort Systems USA to Join S&P 500
- PRIM, CWST, INDV, HE, LKQ, SOLS, MHK to Join S&P Smallcap 600
- ULS, PINS, BAH, SPXC, DY, BWA, HL to Join S&P Midcap 400
- Franklin Templeton to Liquidate Sustainable Infrastructure ETF
- Quant Who Said Passive Era Is ‘Worse Than Marxism’ Doubles Down
- Bitcoin Options Show Traders Hunkering Down for Crypto Winter
- OpenAI Goes From Stock Market Savior to Burden as AI Risks Mount
Keep an eye on :
Keep an eye on :
- ACAST SS : Acast Names Katrin Vogel Interim CFO Until Hagg starts
- AGS BB : Ageas Buys AG Insurance Stake From BNP for €1.9B
- AIR FP : Airbus to rescue 3,000 UK jobs after striking Boeing deal
- AAL LN : Anglo American braced for backlash over Teck merger bonus
- ANNEB SS : Annehem Fastigheter to Buy Back 3% of Total Shares
- AAPL US : Apple Rocked by Departures, With Chip Boss at Risk of Going Next
- BARC LN : Barclays Explores Acquisition of Evelyn Partners: Reuters
- BAN IM : BasicNet to Acquire Beachwear Specialist Sundek - WWD
- BNP FP : BNP Paribas Sells AG Insurance Stake to Ageas for €1.9 Billion
- C US : Citi Is Worth the Sum of Its Parts for First Time in Seven Years
- CFLT US : IBM Close to Buying Confluent in $11 Billion Deal, WSJ Says
- DBK GY : Deutsche Bank to move into Revolut’s Canary Wharf headquarters
- DBK gY : Deutsche Bank Seeks 40% Pay Bump for Supervisory Board Chair: FT
- DBRG US : SoftBank Eyes Buying DigitalBridge in AI Data-Center Play, DigitalBridge Could Get $25-$35/Share in Deal, JPMorgan Says
- LLY US : Eli Lilly Says Jaypirca Met Primary Endpoint in Cancer Study
- LLY US : Eli Lilly, Pfizer Land on China’s First Private Insurance List
- EQT SS : EQT Seeks to Quell Investor Anxiety Over New Fee Strategy
- EQT SS : EQT To Sell Around 24M Shrs in Galderma to L'Oreal at an Undisclosed Premium
- GLPG NA : Galapagos Sees Positive Phase-2 Data from ATALANTA-1 Study
- GALD SW : L’Oreal Increases Stake in Galderma to 20%
- GLEN LN : Glencore’s copper pitch: buy in or buy me - FT
- GMAB DC : Genmab Says Data Shows Epcoritamab Led to Remissions in Lymphoma
- GMAB DC : Genmab Presents Data Showing Epkinly Reduces Disease Progression
- GOOGL US : Waymo Plans Software Recall to Address Bus Incidents
- HBH GY : Hornbach Holding Sees Weaker Sales Growth in 3Q
- HBH GY : Hornbach Holding Sees Weaker Sales Growth in 3Q
- INCY US : Incyte Drug Shows Positive Results In Type of Blood Cancer
- KKR US : KKR in Talks to Buy PE Firm Arctos Partners: FT
- KCO GY : Germany’s Klöckner in Takeover Talks With Worthington Steel
- OR FP : L’Oreal Increases Stake in Galderma to 20%
- HLUNB DC : Lundbeck Reports Bexicaserin Reduces Seizures In Rare Epilepsies
- MC FP : Sephora Is the Biggest Name in Beauty. Can It Hold the Crown? - WSJ - Comment
- META US : Limitless AI Says Acquired by Meta; No Terms Disclosed
- META US :Meta delays release of Phoenix mixed-reality glasses to 2027, Business Insider reports
- BMPS IM : Paschi Reaffirms ‘Full Confidence’ for CEO Amid Mediobanca Probe
- MTX GY : MTU Aero Gains on Strong Demand for Engines, Maintenance
- NSR AU : Brookfield, GIC Agree to $2.7 Billion Deal for National Storage
- NFLX US : Netflix’s $5.8 Billion Breakup Fee for Warner Among Largest Ever
- NVDA US :Nvidia CEO says data centers take about 3 years to construct in the U.S., while in China ‘they can build a hospital in a weekend’ - Fortune
- PFE US : Eli Lilly, Pfizer Land on China’s First Private Insurance List
- PMGR LN : Premier Miton Global Renewables Trust Shareholders Approve Voluntary Liquidation
- PRU LN : ICICI Prudential AMC Set to Launch $1.2 Billion IPO on Dec. 12
- RNO FP : Renault Backs Local Parts Push But Warns EU Not to Go Too Far
- RWE GY : RWE unveils 68 MW of awards in Italian renewables tender
- SDZ SW : Sandoz completes strategic acquisition of Just-Evotec Biologics EU SAS,
- SAN SM : Santander Settles French Money Laundering Case for €22.5 Million
- 0006600 KS : SK Hynix Shares Jump on Talk of Imminent Sales of ADRs
- SpaceX Said to Offer Shares at Record-Setting Valuation, 800bil valuation denied
- SpaceX : SpaceX Files Starlink Mobile Trademark in Possible Carrier Play
- STM GY : Stabilus Sees 2026 Adjusted Ebit Margin 10% to 12%, Est. 11.8%
- TKMS GY : TKMS Sees 2026 Adjusted Ebit EU100M to EU150M, Warship Maker TKMS Posts Profit Gain on Global Naval Rearmament
- UBSG SW : UBS Shares Rise on Report Swiss May Ease Part of Capital Package
- UCB BB : UCB Presents Positive Results From GEMZ Phase 3 Study
- WAWI NO : Wilhelmsen Extends 2 Contracts With Estimated Value About $500m
- WS US : Germany’s Klöckner in Takeover Talks With Worthington Steel
- XLS GY : Xlife Sciences Enters $450 Million Deal to Sell Health-tech Projects to Grupo Landsteiner