Most Asian stock markets fell, European stocks opened higher, the yen declined, and the dollar strengthened
U.S. stocks are closed for Thanksgiving. The market expects the Bank of Japan to raise interest rates soon, leading to a surge in the yen followed by a pullback, while the dollar strengthens. Crude oil rebounds weakly; gold remains stable but has fallen about 4% in November, marking its worst monthly performance in over a year
The Fed's favorite inflation indicator PCE and other data hit rate cut expectations, overnight U.S. stock gains paused. Currently, Trump's tariff threats and the Russia-Ukraine conflict continue to impact the market.
Today, the U.S. financial markets are closed for Thanksgiving. Most Asian stock markets declined, with the MSCI Asia-Pacific Index down 0.4%, India's main stock index falling over 1%, and the Philippine stock index closing down 1%. The Japanese and South Korean stock markets saw slight gains. European stocks opened higher, with the German DAX Index up 0.63%.
The market expects the Bank of Japan to raise interest rates in December, and the yen rebounded strongly yesterday, rising by 1%. Today, the yen has fallen back, while the dollar remains strong. The dollar rose 0.5% against the yen to 151.8, and 0.3% against the euro.
In other currencies, the Mexican peso surged 1.5% after Trump held talks with the Mexican president. The Bank of Korea unexpectedly cut interest rates by 25 basis points to 3%, leading to a weakening of the won.
In commodities, gold prices remained steady at $2,637, but fell about 4% in November, marking the worst monthly performance in over a year. OPEC is expected to continue delaying the restoration of supply, but crude oil rebounded weakly and fell slightly. Meanwhile, Bitcoin rose sharply before retreating to around $95,000.
【16:37 Update】
The Mexican peso rose 1.5% to an intraday high.
【16:20 Update】
European stocks opened collectively higher, with the German DAX Index up 0.63%, the UK FTSE 100 Index up 0.17%, the French CAC40 Index up 0.42%, and the Euro Stoxx 50 Index up 0.80%.
India's main stock index fell over 1%, the Philippine stock index closed down 1%, and the Japanese and South Korean stock markets saw slight gains.
Gold prices remained steady at $2,637.
Crude oil rebounded weakly and fell slightly.
The dollar rose 0.5% against the yen to 151.85 yen.
The US dollar rose 0.3% against the euro.
Bitcoin surged and then fell back to around $95,000.
