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- Dow Ends Higher in Shortened Session:<\/strong> The Dow Jones Industrial Average gained 289.30 points, or 0.61%, to finish at 47,716.42 as US markets reopened after Thanksgiving for a reduced trading day. The index also closed the week more than 3% higher. Despite a choppy month for equities, the Dow posted its seventh straight monthly gain, aided by late-November buying interest.<\/li>\n\n\n\n
- S&P 500 Extends Weekly Advance:<\/strong> The S&P 500 rose 0.54% to 6,849.09, adding nearly 4% over the weekly period as traders priced in an 80%\u201385% chance of a Federal Reserve rate cut in December. The index managed to secure a slightly positive monthly performance, benefitting from broad sector rotation into the month\u2019s end.<\/li>\n\n\n\n
- Nasdaq Closes Higher but Loses Month:<\/strong> The Nasdaq Composite advanced 0.65% to 23,365.69 and recorded its fifth straight daily gain. However, the tech-heavy benchmark still fell almost 2% in November, breaking a seven-month winning streak as doubts intensified about the near-term profitability of AI-focused companies. Weekly performance was stronger, with the Nasdaq climbing more than 4%.<\/li>\n\n\n\n
- Europe Ends Month Firmer Amid Mixed Data:<\/strong> European markets finished the session higher, with the Stoxx 600 up 0.2% as major bourses recovered into month-end. The FTSE 100 edged up 0.03% to 9720.51, while France\u2019s CAC 40 gained 0.3% to 8,123 and Italy\u2019s FTSE MIB added 0.3% to 43,357. Germany\u2019s DAX rose around 0.3% toward 23,840, its highest level since mid-November. Eurozone inflation expectations inched up to 2.8%, while France posted its strongest quarterly GDP growth since Q2 2023 at 0.5%. Switzerland contracted by 0.5%, Italy expanded 0.1%, and Germany\u2019s retail sales slipped 0.3% as labour conditions remained soft but stable. Spain\u2019s industrial confidence reached a 14-month high, while healthcare names led November European gains, with drugmakers Roche, Bayer and Abivax outperforming. Tech shares were more volatile as AI-related valuation concerns weighed on names such as ASMI and ASML.<\/li>\n\n\n\n
- Asia-Pacific Markets Mixed as Japan Inflation Runs Hot:<\/strong> Asia-Pacific equities delivered a mixed performance. Japan\u2019s Nikkei 225 rose 0.17% to 50,253.91 and the Topix gained 0.29%, helped by hotter-than-expected Tokyo core inflation at 2.8%, reinforcing expectations of a potential near-term rate hike. South Korea saw sharp divergences, with the Kospi down 1.51% while the Kosdaq surged 3.71% on strong gains in battery materials maker Enchem. Australia\u2019s ASX 200 slipped marginally, Hong Kong\u2019s Hang Seng fell 0.34%, and China\u2019s CSI 300 rose 0.25%. India\u2019s GDP significantly beat forecasts at 8.2% year-on-year, while fiscal deficit data held steady. Taiwan projected its fastest growth in 15 years at 7.37% for 2025, supported by robust AI-driven export demand.<\/li>\n\n\n\n
- Oil Steady as WTI Climbs Over 1%:<\/strong> Brent crude finished largely unchanged at $63.41, while WTI rose 1.955% to $59.56 as trading resumed following a temporary CME outage. Both benchmarks remained on course for a fourth consecutive monthly decline, pressured by expectations of higher global supply, though refining margins and geopolitical uncertainty continued to lend pockets of support.<\/li>\n\n\n\n
- Treasury Yields Edge Higher After CME Disruption:<\/strong> US Treasury yields moved modestly higher, with the 10-year at 4.023%, the 30-year at 4.674%, and the 2-year at 3.502%. A cooling issue at a CME data centre briefly halted trading earlier in the session before markets normalised, leaving yields slightly firmer into the close.<\/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\/12\/Currency-Strenght-1Dec25.png\")
<\/figure>\n\n\n\n- \n
- EUR\/USD Struggles Below Short-Term Averages:<\/strong> EUR\/USD closed at 1.1602, up 0.05%, after trading between 1.1608 and 1.1556, with the pair unable to reclaim the 50-day SMA at 1.1621 or the 100-day SMA at 1.1644. The broader structure remains supported by the rising 200-day SMA at 1.1433, but recent sessions have seen persistent resistance near 1.1700. Price continues to consolidate inside a narrowing range, with momentum subdued as lower highs and higher lows form a potential wedge. Immediate resistance lies at 1.1621 and 1.1644, while support sits at 1.1556 and 1.1500. A break above 1.1644 would open a move back toward 1.1700, while a sustained drop below 1.1556 risks a deeper pullback toward the 200-day average.<\/li>\n\n\n\n
- GBP\/USD Holds Below Key Resistance Levels:<\/strong> GBP\/USD ended at 1.3238, down 0.01%, after trading within a tight range between 1.3255 and 1.3201. The pair remains below its 50-day SMA at 1.3283, the 200-day SMA at 1.3313, and the 100-day SMA at 1.3374, keeping the broader bias tilted lower. The downtrend from late October persists, with rebounds capped near the 1.3300 region. Price action shows limited bullish momentum, and sellers continue to dominate rallies. Immediate resistance stands at 1.3283 and 1.3313, while support is located at 1.3201 and the recent 1.3000 swing. A close below 1.3201 would signal renewed downside pressure.<\/li>\n\n\n\n
- USD\/CAD Retreats Below 50-Day SMA:<\/strong> The USD\/CAD pair experienced significant bearish pressure, declining 0.38% to close at 1.3976, after trading between 1.3938 and 1.4051. The daily candle formed a clear lower low, closing well below the 50-day SMA at 1.4002. Despite this, the pair remained above the converging 100-day SMA at 1.3888 and 200-day SMA at 1.3921, which have historically provided dynamic support. The short-term trend has shifted to bearish, evidenced by recent lower highs and lower lows after failing to sustain above 1.4100. However, the medium-term trend suggests a broader sideways to slightly bullish consolidation, with the price generally holding above longer-term moving averages since August. The pair has re-entered a previous trading range, with 1.4000 now acting as a critical psychological resistance. Strong Canadian Q3 GDP growth, which expanded by 2.6% annually, also contributed to the Canadian dollar’s strength. Immediate resistance is now at 1.4002, with key support at 1.3921.\u00a0<\/li>\n\n\n\n
- USD\/JPY Pauses After Testing Recent Highs:<\/strong> USD\/JPY closed at 156.14, down 0.09%, trading between 156.58 and 155.98 as the pair eased slightly below recent peaks. The uptrend remains firmly intact, with price well above the 50-day SMA at 152.53, the 100-day SMA at 150.11, and the 200-day SMA at 147.96. Momentum stays positive, though consolidation near the 157.00 resistance zone suggests a brief cooling phase. Immediate resistance is at 156.58 ahead of 157.00, while support sits at 155.98 and 155.00. The bullish structure remains dominant unless price closes below the mid-155 area.<\/li>\n\n\n\n
- Gold Approaches Record Highs on Strong Momentum:<\/strong> Gold closed at $4220, up 1.39%, after trading between $4226 and $4148 and finishing near the top of the range. The metal remains supported by sharply rising moving averages, including the 50-day SMA at $4020, the 100-day at $3723, and the 200-day at $3454. Momentum remains firmly bullish as buyers push toward the all-time highs set in October. Resistance lies at $4226 and then near $4300, while support stands at $4148, $4100 and the 50-day average. A close above $4226 would reinforce the breakout theme heading into December.<\/li>\n<\/ul>\n\n\n\n
Market Movers:<\/strong><\/p>\n\n\n\n
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- Chipmakers Lead Broad Tech Rally:<\/strong> Semiconductor names outperformed, with Intel jumping more than 10% to top gains in both the S&P 500 and Nasdaq 100. Strength also extended across the group, as Analog Devices, Micron Technology and ARM each advanced more than 2%, while Microchip Technology, ASML, Broadcom, Qualcomm, GlobalFoundries, KLA Corp, ON Semiconductor, Texas Instruments and Marvell Technology all closed over 1% higher.<\/li>\n\n\n\n
- Energy Stocks Rise with WTI Strength:<\/strong> Energy producers and service firms traded higher after WTI crude gained more than 1% to a one-week high. Diamondback Energy climbed more than 2%, and Devon Energy, ConocoPhillips, Halliburton, Valero Energy, Phillips 66, Exxon Mobil, Marathon Petroleum, Chevron and Occidental Petroleum all added more than 1%.<\/li>\n\n\n\n
- Crypto-Linked Shares Gain:<\/strong> Cryptocurrency-exposed stocks advanced as Riot Platforms surged over 8% and MARA Holdings climbed more than 6%. Broader sentiment was similarly supportive, with Coinbase Global up more than 3% and Strategy (MSTR) and Galaxy Digital Holdings (GLXY) closed up more than +1%.<\/li>\n\n\n\n
- SanDisk Rallies on US\u2013Japan Chip Plant Report:<\/strong> SanDisk gained more than 3% after Nikkan Kogyo reported that the US and Japan are considering a joint public-sector-backed NAND flash memory plant, with SanDisk and Kioxia expected to be the main investors.<\/li>\n\n\n\n
- Oracle Slips After Credit Rating Warning:<\/strong> Oracle fell more than 1% after Morgan Stanley cautioned that the company\u2019s recent borrowing to support AI-driven expansion could weigh on its credit profile.<\/li>\n<\/ul>\n\n\n\n
Global markets ended the week and month on a steadier footing, with US equities extending their post-Thanksgiving momentum and Europe closing out a volatile November in positive territory. Asia delivered a mixed performance as investors absorbed stronger inflation signals from Japan and divergent regional growth trends. Oil prices were broadly stable following a brief trading disruption, while US Treasury yields edged higher into the close. With expectations for a December Federal Reserve rate cut firmly embedded in sentiment, investors head into the final month of the year focused on policy signals, the durability of the global recovery and whether recent rebounds across risk assets can build into year-end.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
US equities finished higher in a shortened post-Thanksgiving session, with the Nasdaq extending its week-long advance even as the index closed out November with a monthly decline. Tech\u2019s late-month rebound helped steady broader sentiment, supported by rising expectations of a Federal Reserve rate cut in December and renewed confidence in the easing cycle heading intoContinue Reading<\/a><\/p>\n","protected":false},"author":39,"featured_media":28199,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[112],"tags":[],"class_list":["post-28197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"acf":[],"aioseo_notices":[],"lang":"en","translations":{"en":28197,"es":28204},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/28197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/comments?post=28197"}],"version-history":[{"count":0,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/28197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media\/28199"}],"wp:attachment":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media?parent=28197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/categories?post=28197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/tags?post=28197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Energy Stocks Rise with WTI Strength:<\/strong> Energy producers and service firms traded higher after WTI crude gained more than 1% to a one-week high. Diamondback Energy climbed more than 2%, and Devon Energy, ConocoPhillips, Halliburton, Valero Energy, Phillips 66, Exxon Mobil, Marathon Petroleum, Chevron and Occidental Petroleum all added more than 1%.<\/li>\n\n\n\n
- GBP\/USD Holds Below Key Resistance Levels:<\/strong> GBP\/USD ended at 1.3238, down 0.01%, after trading within a tight range between 1.3255 and 1.3201. The pair remains below its 50-day SMA at 1.3283, the 200-day SMA at 1.3313, and the 100-day SMA at 1.3374, keeping the broader bias tilted lower. The downtrend from late October persists, with rebounds capped near the 1.3300 region. Price action shows limited bullish momentum, and sellers continue to dominate rallies. Immediate resistance stands at 1.3283 and 1.3313, while support is located at 1.3201 and the recent 1.3000 swing. A close below 1.3201 would signal renewed downside pressure.<\/li>\n\n\n\n
- S&P 500 Extends Weekly Advance:<\/strong> The S&P 500 rose 0.54% to 6,849.09, adding nearly 4% over the weekly period as traders priced in an 80%\u201385% chance of a Federal Reserve rate cut in December. The index managed to secure a slightly positive monthly performance, benefitting from broad sector rotation into the month\u2019s end.<\/li>\n\n\n\n