On Wednesday, November 27th, U.S. markets ended lower, with the Nasdaq suffering the steepest losses as innovation stocks led the decrease. Issues over the Federal Reserve’s careful position on rates of interest cuts resurfaced after information showed stubbornly high U.S. inflation.
According to financial information, the PCE cost index increased 2.3% yearly in October, up from 2.1%, while core PCE inflation edged greater at 2.8%. Individual costs and earnings went beyond expectations, and Q3 GDP development held constant at 2.8%.
Asia Markets Toda y
- The Dow Jones Industrial Average was down 0.31% and closed at 44,722.06, the S&P 500 decreased 0.38% to 5,998.70, and the Nasdaq Composite dropped 0.60% to complete at 19,060.48.
- On Friday, Japan’s Nikkei 225 decreased 0.52% and ended the session at 38,148.50, led by losses in the Shipbuilding, Accuracy Instruments, and Retail sectors.
- Australia’s S&P/ ASX 200 fell 0.10% and ended the day at 8,436.20, led by losses in the A-REITs, Industrials and Telecoms Providers sectors.
- India’s Nifty 50 increased 0.87% to 24,122.85, and Nifty 500 got 0.72% closing at 22,676.60, led by gains in the Oil & & Gas, Vehicle and Innovation sectors.
- China’s Shanghai Composite got 0.93% to close at 3,326.46, and the Shenzhen CSI 300 increased 1.14%, completing the day at 3,916.58.
- Hong Kong’s Hang Seng was up 0.29% and closed the session at 19,423.61.
Eurozone at 06:00 AM ET
- The European STOXX 50 index was down 0.03%.
- Germany’s DAX increased 0.12%.
- France’s CAC got 0.04%.
- The FTSE 100 index traded lower by 0.09%.
Products at 06:00 AM ET
- Petroleum WTI was trading lower by 0.51% at $68.37/ bbl, and Brent was down 0.82% at $72.17/ bbl.
- Oil rates tipped over 3% today as the Middle East ceasefire reduced supply threats, while 2025 projections show excess supply regardless of anticipated OPEC+ cuts.
- Gas got 3.50% to $3.314.
- Gold was trading greater by 0.82% at $2,686.59, Silver was up 1.92% to $31.142, and Copper moved 0.05% to $4.1363.
U.S. Futures at 06:00 AM ET
Dow futures got 0.31%, S&P 500 futures were up 0.30% and Nasdaq 100 futures increased 0.40%.
Forex at 06:00 AM ET
The U.S. dollar index fell 0.18% to 105.95, the USD/JPY was down 1,07% to 149.91, and the USD/AUD moved 0.05% to 1.5379.
Image by Pavel Bobrovskiy by means of Shutterstock
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