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- Europe Markets Close Higher as Sentiment Improves:<\/strong> European equities edged up on Thursday, with the Stoxx 600 reversing early weakness to finish 0.12% higher as most sectors and major bourses posted modest gains. The FTSE 100 added 0.02% to 9,693.93, while the FTSE MIB rose 0.2% to 43,209. France\u2019s CAC 40 slipped 0.04% to 8,093 after two strong sessions that lifted it to its highest since November 17. Markets continued to price an 84.9% probability of a December Fed rate cut, while regional data from Germany, the eurozone and Spain supported the day\u2019s tone.\u00a0<\/li>\n\n\n\n
- European Macro Indicators Show Gradual but Uneven Improvement:<\/strong> German consumer sentiment improved to -23.2 for December as buying rose for a second month, though income expectations stayed weak. Eurozone confidence held at an eight-month high of -14.2, supported by slightly better economic perceptions. Spain\u2019s industrial confidence climbed to a 14-month high at -3.0 on stronger orders and lower stock levels, while Portugal\u2019s three-month moving-average confidence improved to -15.2 despite a softer standalone reading. Collectively, the data signalled stabilising but still fragile household and business conditions across the region.<\/li>\n\n\n\n
- Asia Markets Track Global Gains as Tech Strength and Data Drive Momentum:<\/strong> Asia-Pacific equities advanced broadly on Thursday as investors reacted to firmer global sentiment and rising expectations of a December Federal Reserve rate cut. India led regional performance, with the Nifty 50 reaching 26,284.2 and the Sensex climbing to 86,026.18, both setting fresh record highs and marking their strongest levels since September 2024. Japan saw a tech-driven rally, with the Nikkei 225 up 1.23% to 50,167.1 and the Topix up 0.39%, supported by gains in Advantest, SoftBank Group and Lasertec. South Korea\u2019s Kospi increased 0.66% and the Kosdaq rose 0.31% after the Bank of Korea kept rates unchanged at 2.5% for a fourth consecutive meeting, although local treasury yields jumped sharply following comments hinting at an end to monetary easing. Australia\u2019s ASX 200 added 0.13% as private capital expenditure rose 6.4% in Q3, comfortably above expectations and reinforcing signals from earlier CPI data showing inflation at 3.8% in October. Hong Kong\u2019s Hang Seng Index and China\u2019s CSI 300 closed flat, with sentiment held back by a 5.5% fall in industrial profits for October, while new measures from Beijing to boost consumption helped provide a stabilising influence across local markets.<\/li>\n\n\n\n
- Oil Prices Rise Slightly in Thin Holiday Trading:<\/strong> Brent crude settled 0.2% higher at $63.34 a barrel, while WTI gained 0.8% to $59.10, with both contracts seeing reduced volumes due to the US Thanksgiving holiday. Traders monitored ongoing discussions between US and Ukrainian officials over a potential peace framework, keeping geopolitical risk in focus despite muted price action.<\/li>\n\n\n\n
- European and UK Bond Markets Hold Steady as Investors Assess Policy Signals:<\/strong> Eurozone government bonds were little changed on Thursday, with Germany\u2019s 10-year Bund at 2.678% and French and Italian 10-year yields near 3.411% and 3.40%. Minutes from the ECB\u2019s latest meeting indicated policymakers see no urgency to cut rates, reinforcing expectations that policy will remain unchanged for the rest of the year. In the UK, gilt markets were calmer following the Chancellor\u2019s budget, with the 30-year yield edging up 1.9 bps to 5.23% after Wednesday\u2019s sharp drop driven by expectations of lower issuance next year.<\/li>\n<\/ul>\n\n\n\n
FX Today:<\/strong><\/p>\n\n\n\n
![\"\"](\"https:\/\/www.infinox.com\/global\/wp-content\/uploads\/sites\/5\/2025\/11\/Currency-Strenght-28Nov25.png\")
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- AUD\/USD Attempts Recovery as Price Tests Clustered Averages:<\/strong> AUD\/USD closed at 0.6531, rising 0.22% after moving between 0.6540 and 0.6514, with the pair edging back toward a dense band of resistance that includes the 50-day and 100-day SMAs, both aligned at 0.6532. The rebound followed a brief dip earlier in the week, though recent trading has remained choppy with momentum lacking clear direction. Immediate resistance sits at the converged moving averages near 0.6532 and the recent swing high around 0.6580, while support is located at 0.6514 and the 200-day SMA at 0.6462. The broader structure still reflects a series of higher lows from April, but buyers need a sustained push above 0.6532 to shift short-term bias more convincingly.<\/li>\n\n\n\n
- EUR\/USD Holds in Tight Range Below Declining Moving Averages:<\/strong> EUR\/USD ended the session unchanged at 1.1596 after trading between 1.1614 and 1.1577, consolidating beneath the 50-day SMA at 1.1624 and the 100-day SMA at 1.1645. The pair has been in a corrective pattern since July, shaped by lower highs and lower lows, though the rising 200-day SMA at 1.1427 continues to underpin the longer-term trend. Resistance is firm at the two short-term moving averages, while support lies at 1.1577 and then the key 1.1500 level. The narrow daily candle suggests a pause in selling momentum, but a close above 1.1645 is required to neutralise the immediate downside pressure.<\/li>\n\n\n\n
- GBP\/USD Slips Back as Downtrend Retains Control:<\/strong> GBP\/USD closed at 1.3238, down 0.04% after ranging between 1.3269 and 1.3210, with the pair struggling beneath a cluster of moving averages that includes the 50-day SMA at 1.3287, the 200-day SMA at 1.3310 and the 100-day SMA at 1.3377. The broader trend remains decisively lower following a sequence of lower highs and lower lows since July, while recent attempts to rebound have faded quickly. Initial support sits at 1.3210 and then the 1.3100 area, with resistance layered at the three moving averages overhead. Momentum remains heavy, and a break above 1.3287 would be needed to ease the current bearish tone.<\/li>\n\n\n\n
- NZD\/USD Extends Bounce but Faces Major Overhead Barriers:<\/strong> NZD\/USD closed at 0.5724, adding 0.41% after trading between 0.5732 and 0.5694, with buyers driving a strong finish near the top of the day\u2019s range. Despite the rebound, the pair remains well below the 50-day SMA at 0.5827, the 100-day at 0.5828 and the 200-day at 0.5856, all of which continue to slope lower. Support is found at 0.5694 before the recent swing low near 0.5580, while resistance is tightly packed between the three moving averages. A push above 0.5732 may allow for a deeper corrective move, though the dominant trend remains firmly bearish.<\/li>\n\n\n\n
- USD\/JPY Eases Slightly After Strong November Rally:<\/strong> USD\/JPY finished at 156.29, slipping 0.10% after moving between 156.45 and 155.72, with the pair pulling back modestly following its recent surge. Price remains comfortably above the 50-day SMA at 152.37, the 100-day at 150.02 and the 200-day at 147.93, keeping the broader uptrend intact. Resistance is anchored near the recent swing high around 157.00, while support rests at 156.29, the 155.00 handle and further down at the rising 50-day average. Despite the small decline, the outlook remains bullish unless price closes back below 155.00, which would suggest a deeper retracement.<\/li>\n<\/ul>\n\n\n\n
Market Movers:<\/strong><\/p>\n\n\n\n
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- Puma Jumps on Takeover Speculation:<\/strong> Puma surged 18.9% after reports that Anta Sports is exploring a potential bid.<\/li>\n\n\n\n
- Defence Stocks Tick Higher on Geopolitical Developments:<\/strong> Rheinmetall rose 1.24% and Saab gained 2.5% amid ongoing efforts to broker a Russia-Ukraine peace framework.<\/li>\n\n\n\n
- Novo Nordisk Slips on Medicare Price Decision:<\/strong> Novo Nordisk fell 1.5% after US Medicare confirmed a sharply reduced negotiated price for Ozempic and Wegovy from 2027.<\/li>\n\n\n\n
- Autodesk Gains on Strong Billings and Outlook:<\/strong> Autodesk rose over 2% after Q3 billings exceeded expectations and the company raised its 2025 forecast.<\/li>\n\n\n\n
- Ambarella Tumbles on Weaker Margin Guidance:<\/strong> Ambarella fell more than 19% after issuing a softer-than-expected Q4 margin outlook.<\/li>\n\n\n\n
- Nutanix Sinks After Revenue Miss and Forecast Cut:<\/strong> Nutanix slid over 17% after reporting weaker Q1 revenue and lowering its 2026 outlook.<\/li>\n\n\n\n
- Zscaler Drops on Conservative Revenue Guidance:<\/strong> Zscaler declined over 12% after issuing 2026 guidance only marginally above consensus.<\/li>\n\n\n\n
- Workday Slips Despite In-Line Results:<\/strong> Workday fell more than 7% after Q3 subscription revenue matched expectations but failed to excite investors.<\/li>\n<\/ul>\n\n\n\n
Global markets navigated a subdued but constructive session on Thursday, with European equities edging higher and Asian indices extending gains on the back of firming expectations for a December US rate cut. Sentiment across the region was supported by steady improvements in consumer and business indicators, even as pockets of fragility persisted. Tech-led strength in Japan and record highs in India added to the upbeat tone, while oil prices saw mild gains amid thin US holiday trading. Bond markets across Europe and the UK remained stable following central bank commentary and fresh fiscal signals. With US markets set to reopen for a shortened session on Friday, attention now turns to whether the current momentum can carry into the final stretch of the week.<\/p>\n","protected":false},"excerpt":{"rendered":"
European markets advanced on Thursday as investors assessed the improving regional sentiment backdrop, with the Stoxx 600 managing a modest gain despite earlier weakness. The day\u2019s move extended this week\u2019s broadly constructive tone, supported by firming expectations of a December rate cut from the US Federal Reserve and a steadier macro outlook across key EuropeanContinue Reading<\/a><\/p>\n","protected":false},"author":39,"featured_media":28185,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,112],"tags":[],"class_list":["post-28183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ix-intel","category-market-news"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
- Defence Stocks Tick Higher on Geopolitical Developments:<\/strong> Rheinmetall rose 1.24% and Saab gained 2.5% amid ongoing efforts to broker a Russia-Ukraine peace framework.<\/li>\n\n\n\n
- EUR\/USD Holds in Tight Range Below Declining Moving Averages:<\/strong> EUR\/USD ended the session unchanged at 1.1596 after trading between 1.1614 and 1.1577, consolidating beneath the 50-day SMA at 1.1624 and the 100-day SMA at 1.1645. The pair has been in a corrective pattern since July, shaped by lower highs and lower lows, though the rising 200-day SMA at 1.1427 continues to underpin the longer-term trend. Resistance is firm at the two short-term moving averages, while support lies at 1.1577 and then the key 1.1500 level. The narrow daily candle suggests a pause in selling momentum, but a close above 1.1645 is required to neutralise the immediate downside pressure.<\/li>\n\n\n\n
- European Macro Indicators Show Gradual but Uneven Improvement:<\/strong> German consumer sentiment improved to -23.2 for December as buying rose for a second month, though income expectations stayed weak. Eurozone confidence held at an eight-month high of -14.2, supported by slightly better economic perceptions. Spain\u2019s industrial confidence climbed to a 14-month high at -3.0 on stronger orders and lower stock levels, while Portugal\u2019s three-month moving-average confidence improved to -15.2 despite a softer standalone reading. Collectively, the data signalled stabilising but still fragile household and business conditions across the region.<\/li>\n\n\n\n