US stock futures fell and cryptocurrencies plunged, signaling risk aversion ahead of a slew of economic data this week even as bets for a December Federal Reserve interest-rate cut remain firm. Contracts on the S&P 500 dropped as much as 0.8% while Nasdaq 100 futures declined 1%. Japanese stocks led losses in Asia and the yen rose as Bank of Japan Governor Kazuo Ueda sent the clearest hint yet of a rate hike this month. Ahead of his speech, the two-year bond yield rose to the highest since 2008. Bitcoin lost nearly 6% to trade below $86,000, bringing fresh momentum to a wide-ranging selloff that appeared to have settled. The week ahead is set to offer a crucial snapshot of US economic momentum as policymakers weigh the trajectory of interest rates heading into 2026. With inflation and consumer demand under scrutiny, data is likely to shape expectations for whether the Fed continues its rate-cutting cycle. Traders are also bracing for potential shifts in central bank leadership with White House economic adviser Kevin Hassett signaling markets were ready for the announcement of a new Fed chair. The MSCI All Country World Index fell 0.1% in November after rising for seven straight months. The rally was halted as optimism around high-flying AI stocks faltered due to rising concerns about stretched valuations and excessive spending plans. The global equities gauge rose an average 0.5% in December over the last 10 years, historical data compiled by Bloomberg show. The Bloomberg Dollar Spot Index was steady on Monday after four days of losses. Elsewhere, WTI crude oil jumped after OPEC+ confirmed it will stick with plans to pause production hikes during the first quarter. Silver and copper also climbed after hitting fresh records on Friday. A rally in metal shares helped Chinese equities begin December on an optimistic note. That’s even as data published Sunday that showed factory activity improved but remained in contraction in November, extending its streak of declines to a record as the country’s economic slowdown deepens. The BOJ “will consider the pros and cons of raising the policy interest rate and make decisions as appropriate” by examining the economy, inflation and financial markets at home and abroad, Ueda said Monday in a speech to local business leaders in Nagoya, central Japan. Traders see about a 64% chance of a rate hike when the central bank concludes its next policy meeting on Dec. 19, according to the overnight swap index. By calling attention to a specific policy meeting, Ueda is likely indicating the rising possibility of rate action at that time. In late December a year ago, the governor pledged to assess the state of the economy carefully at the next meeting, when the bank wound up raising borrowing costs. For the US, this week begins with fresh data on consumer spending, including Cyber Monday sales, and the release of more delayed economic indicators. Fed officials will review an outdated reading of their preferred inflation gauge ahead of the Dec. 9–10 policy meeting, where debate is expected to center on labor market conditions and the case for a third consecutive rate cut. Markets are continuing to bet that the central bank will cut its benchmark this month. Swaps data shows traders have priced in almost a full quarter-point reduction since New York Fed President John Williams said he saw room to lower rates again in the near-term amid labor-market softness. While the Fed enters its pre-meeting blackout period, Chair Jerome Powell and Governor Michelle Bowman are scheduled to speak, though they are barred from commenting on the economic outlook or policy. Other economic data in the coming week include ADP private employment figures for November, as well as Institute for Supply Management surveys of manufacturers and service providers. The Fed is also scheduled to release September industrial production figures. Hassett, speaking on CBS’ Face the Nation on Sunday, declined to address whether he considers himself the front-runner to replace Fed Chair Jerome Powell, adding a positive market response to indications that US President Donald Trump could pick the next chair before the end of the year.
Nikkei -1.89% Hang Seng +0.63% CSI +0.98% Shanghai +0.55% Shenzen +0.88%
Eur$ 1.1595 CNH 7.0715 CNY 7.0743 JPY 155.67 GBP 1.3219 CHF 0.8046 RUB 77.5337 TRY 42.5103 WTI$ 59.78 +2.10% Gold 4,231 -0.20% BTC 86,131 -5.53% ETH 2,827 -6.46 % SOL 126.2590 -7.89%
S&P -0.67% Nasdaq -0.87% EuroStoxx -0.35% FTSE -0.12% Dax -0.47% SMI -0.32%
Macro :
- Copper Marches to Record High as Supply Fears Grip Global Market
- German Stock Boom Seen Luring More Foreign Investors, Dealmakers
- Swiss Reject Millionaire Inheritance Tax Fearing Exodus of Rich
- Italy Followed Rules on Monte Paschi-Mediobanca Deal: Official
- BOJ’s Ueda Sends Clear Hint at Chance of December Rate Hike
- Black Friday sets online spending record of $11.8B, Adobe says - TechCrunch
- China Factory Activity Slumps for Longest Stretch on Record
- Black Friday Sales Rise, Signaling US Consumers’ Resilience
- Netanyahu Submits Formal Request for Pardon to Israeli President
- Silicon Valley’s Man in the White House Is Benefiting Himself and His Friends, David Sacks, the Trump administration’s A.I. and crypto czar, has helped formulate policies that aid his Silicon Valley friends and many of his own tech investments. - NYT
- Gunvor Held Talks to Invest in US Oil and Gas Assets: Reuters
- Chinese Carmakers Retreat From Record Share of European Sales
- Mercuria Metals Boss Says ‘This Is the Big One’ for Copper Bulls
- French Nov. New Car Registrations Drop 0.3%: PFA Association
Keep an eye on :
- AALB NA : Aalberts to Divest Metalis, Broen, Sells Stake in Kan
- AIR FP : Airbus Warns A320 Fleet Needs Software Fix After Incident
- AIR FP : Japan’s ANA Has Finished Work on Its Airbus Aircraft, Kyodo Says
- AIR FP : American Airlines says all planes impacted by Airbus glitch have been fixed
- AIR FP : Flynas Completes All Required Software Updates of A320 Aircraft
- Altice Int. : Altice International Launches Strategic Review of Portfolio
- AUB AU : EQT, CVC Scrap A$45.00/Share Proposal for Australia’s AUB
- BALN SW : Baloise Shares to Delist From Six by Dec. 8
- BMPS IM : Paschi, Investors Coordinated to Buy Mediobanca, Prosecutors Say
- BOL SS : Zinc Faces Rising Surplus Risk in 2026, 2027
- CAVA US :America Loves a $13 Lunch Bowl. Don’t Bet Against It., Consumers may be struggling, but they still want fresh and fast offerings from restaurants like Cava and Chipotle - WSJ
- CVC NA : CVC Leads $1.3 Billion Deal to Back UK Energy Firm Low Carbon
- DIS US : ‘Zootopia 2’ Gives Disney Box Office Win for Holiday Weekend
- D US : Dominion Energy Is a Utility Play With AI Upside. It’s a Buy. - Barron's
- EDF FP : EDF Wants Builders to Cooperate to Curb New French Reactor Costs
- Edizione Benetton : Edizione Agrees to Merge Asset Mgmt Arm 21 Invest With Tages: FT
- EZJ LN : EasyJet’s taste for luxury flies the flag for the package holiday revival - FT
- ENQ LN : Budget EPL Extension Shows UK Is Managing a North Sea E&P Sunset
- EL FP : EssilorLuxottica Chief Wearables Officer Rocco Basilico to Leave
- GLEN LN : Glencore Pressed to Craft New Growth Narrative Beyond M&A
- GOOGL US : Google Stock Has Been the Clear AI Winner—and the Gains Could Keep Coming - Barron's
- HMB SS : H&M caught in the middle of a fast-fashion battle, The Swedish retailer is being squeezed from above by the likes of Zara and below by rivals such as Shein and Temu - FT
- HSBA LN : HSBC Signs Deal to Use Mistral’s AI Tools: FT
- BOSS GY : Hugo Boss Holder Frasers No Longer Backs Sturm as Chairman
- INTC US : Intel Surges as Much as 8.8%, Rises for a 5th Day
- KARN SW : Kardex Bought Controlling Majority Stake in Rocket Solution
- KLN IM : Italy’s Borromeo Family Lists Islands in Bid to Rival Lake Como
- 385 HK : Jiangxi Copper Says Bid for SolGold Is Still at Informal Stage
- KLDVK NO : Kaldvík CFO to Leave; Search for Successor Starts
- LULU US : Lululemon Is Having an Identity Crisis. Its Founder Blames the CEO. - WSJ
- MAERSKB DC :Seatrium Issues Notice of Arbitration to Maersk Affiliate
- MB IM : Paschi, Investors Coordinated to Buy Mediobanca, Prosecutors Say
- MU US : Micron to Invest $9.6 Billion in Japan Plant: Nikkei
- Mistral AI : HSBC Signs Deal to Use Mistral’s AI Tools: FT
- NFE US : New Fortress Gets Tentative OK for $3 Billion Puerto Rico Deal
- RNO FP : French Nov. New Car Registrations Drop 0.3%: PFA Association (RNO +4%)
- SAB SM : Banco Sabadell Taps Iragorri as Mexico Head, Replacing Figueras
- STM FP : Seatrium Issues Notice of Arbitration to Maersk Affiliate
- SOLG LN : Jiangxi Copper Says Bid for SolGold Is Still at Informal Stage
- STLA I% : French Nov. New Car Registrations Drop 0.3%: PFA Association (STLA -5.5%)
- TSLA US : French Nov. New Car Registrations Drop 0.3%: PFA Association (TSLA -58%)
- TGS NO : TGS Awarded OBN Contract in Europe
- TNOM FH : Talenom Raised to Buy at Inderes; PT 3.80 euros
- TOM2 NA : Tom Tom: TomTom initiates €15 million share buyback program Dec 01, 2025
- UHR SW : Swatch Activist Investor Submits Six Governance Reforms, FT Says - Link to FT article
- VOW GY : VW Names Ludwig Fazel New Head of Group Strategy
- VOW GY : Will Volkswagen’s radical revamp be enough? - FT
- VIV FP : AMF to Decide on Vivendi Holder Buyout After Appeals Ruling