|
| |
Market Wrap: Stocks, Bonds, Commodities |
|
|
| |
|
|
|
| |
On Monday, the major indices in the U.S. finished higher. The S&P 500 climbed 43 points (+0.64%) to 6,878, while the Dow Jones rose 227 points (+0.47%) to 48,362, and the Nasdaq 100 gained 115 points (+0.46%) to 25,461.
On the sector front, the outperforming sectors were Financials (XLF), Materials (XLB), and Industrials (XLI), while Consumer Staples (XLP), Utilities (XLU), and Communication Services (XLC) underperformed the most.
Tesla (TSLA), an electric-vehicle maker, gained 1.56% as the Delaware Supreme Court has upheld Elon Musk's compensation plan at Tesla, which was originally adopted in 2018 and later overturned at first instance.
Uber Technologies (UBER) and Lyft (LYFT), ridesharing companies, rose 2.46% and 2.73% respectively, after announcing a partnership with Chinese tech giant Baidu (BIDU) to trial driverless taxis in the U.K. next year.
Rocket Lab (RKLB), a space company, jumped 9.97% after successfully completed its 21st Electron rocket launch of 2025, achieving a 100% mission success rate for the year
Micron Technology (MU), a semiconductor company, gained 4.01% further to a fresh record high.
The U.S. 10-year yield climbed to 4.163%.
In Europe, Germany's Dax 40 fell 0.02%, France's Cac 40 dropped 0.37% and the U.K. FTSE 100 lost 0.32%.
In the commodities market, gold jumped 105 dollars (+2.42%) to an all-time high at 4,443 dollars, while WTI crude oil futures gained 1.49 dollars (+2.64%) to 58.01 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
The dollar index dropped 0.31% to 98.29.
EUR/USD rose 49 pips (+0.42%) to 1.1757 and GBP/USD advanced 82 pips (+0.61%) to 1.3457.
USD/JPY fell 73 pips (-0.46%) to 157.02 and USD/CHF slipped 34 pips (-0.43%) to 0.7918.
AUD/USD rose 46 pips (+0.70%) to 0.6656.
USD/CAD slipped 53 pips (-0.38%) to 1.3748. Canada's producer price index was up 6.1% year-on-year in November, above the 5.2% estimated.
Finally, in the cryptocurrencies market, Bitcoin rose 170 dollars (+0.19%) to 88,329 dollars, and Ether gained 11 dollars (+0.4%) to 2,985 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
In Asian trading hours, EUR/USD climbed to 1.1775 and GBP/USD rose to 1.3485, its highest level in nearly 3 months.
Meanwhile, USD/JPY slid to 156.40.
Gold extended its rally to 4,486 dollars.
Bitcoin edged up to 88,647 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
In the U.S., second estimate of third quarter gross domestic product is expected to grow 3.2% quarter-on-quarter, while durable goods orders are estimated to drop 0.9% month-on-month in October. Also, industrial production is anticipated to be flat month-on-month in November, while the Richmond Fed manufacturing index is estimated to improve to -4 in December and the Conference Board consumer confidence index is expected to climb to 89.0.
Canada's gross domestic product is expected to drop 0.4% month-on-month in October.
|
| |
|
|
|
|
|
