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Market Update – November 30


  • USDIndex Reports suggest a slightly lower level of 1-week amid reports that the government is taking a more relaxed approach Covid emerging in China’s official rhetoricIt is a. Keep your hopes alive that there won’t be a move back to tighter restrictions. All eyes are on Expected hawkish stance From the Chair Powell’s speech today.
  • Stocks – The Nikkei The closing with a loss of -0.2% ASX We managed to achieve a gain of 0.4% Hang Seng CSI300 Current levels are at 1.1% & 0.1% respectively GER40 UK100 Futures are up 0.6% & 0.4%, respectively. The US futures are still underperforming but showing slight gains. Wall Street closed mixed. NASDAQ A weakness in tech and an increase in yields caused a drop in stock prices of -0.59%
  • Japan’s In October, factory output dropped for the second month consecutively. China’s In November, factory activity contracted at an even faster rate due to a softening of global demand.
  • JPY – is holding in the 138-139 range.
  • USOil – Prior to the OPEC+ meeting of December 4, support was provided. Energy was lifted by the easing in China jitters.
  • AUD & NZD China’s manufacturing surveys show a worse-than-expected trend that could cause downward pressure.
  • Gold – Gains up to $1757.

Today Attention is on Powell’s speech later today, who is likely to reinforce yesterday’s hawkish Fedspeak from Williams, Bullard, and Mester who all…

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