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- Dow Edges Higher as Tech Strength Supports Rebound:<\/strong> The Dow Jones Industrial Average rose 185.13 points or 0.39% to 47,474.46, recovering from early-session weakness as risk appetite improved. Trading remained choppy, with the index briefly turning negative before stabilising into the close.\u00a0<\/li>\n\n\n\n
- S&P 500 Gains Despite Intraday Swings:<\/strong> The S&P 500 added 0.25% to finish at 6,829.37, overcoming a wavering start to the session. The benchmark was pressured by concerns surrounding stretched valuations and persistent inflation worries but found support from a late-session pickup in tech and crypto-linked stocks.\u00a0<\/li>\n\n\n\n
- Nasdaq Rises as AI and Crypto Exposure Drive Sentiment:<\/strong> The Nasdaq Composite climbed 0.59% to 23,413.67, lifted by gains across AI-linked semiconductors and digital-asset names. Intraday volatility saw the tech-heavy index hover near the flatline before buyers stepped back in. Leaders included Nvidia, which advanced nearly 1%, while Credo Technology surged 10% on strong earnings.\u00a0<\/li>\n\n\n\n
- European Markets Close Mixed as Stoxx 600 Struggles for Direction:<\/strong> European equities finished broadly steady, with the Stoxx 600 ending just above the flatline after a muted session marked by limited upward momentum. The FTSE 100 slipped 0.01% to 9701.80, France\u2019s CAC 40 fell 0.3% to 8,075 for a second consecutive decline, while Italy\u2019s FTSE MIB rose 0.2% to 43,355. Utilities outperformed, rising 0.3%, with Orsted up 3% and EDP up 1.7%. Banking stocks also advanced after the Bank of England lowered capital buffer requirements for the first time in a decade and confirmed that all major UK banks had passed its stress tests. Eurostat data showed euro area inflation ticking up to 2.2% in November, slightly above the ECB\u2019s target, while core inflation held at 2.4%. Labour markets were resilient, with euro area unemployment steady at 6.4% and EU unemployment at 6%. Italy\u2019s unemployment rate fell to 6.0% as the economy added 75,000 jobs, outperforming expectations.\u00a0<\/li>\n\n\n\n
- Asia-Pacific Markets Mixed as South Korea Outperforms:<\/strong> Asia delivered a fragmented session, though South Korea led regional gains after the US confirmed reduced auto tariffs of 15% retroactive to 1 November. Hyundai Motor rose 4.52% and Kia advanced 4.19% as the Kospi jumped 1.9% to 3,994.93, while the Kosdaq added 0.65% to 928.42. Inflation in South Korea rose 2.4% year-on-year, marginalally above forecasts, but steady core inflation supported expectations for stable policy rates from the Bank of Korea. Japan\u2019s Nikkei 225 closed flat at 49,303.45, with industrial robotics company Fanuc up 6.51% on an AI partnership with Nvidia. SoftBank fell more than 5% as concerns mounted around AI valuations. Bond markets saw renewed pressure, with 10-year JGB yields hitting 1.88%, the highest since 2008. Australia\u2019s ASX 200 rose 0.17%, Hong Kong\u2019s Hang Seng added 0.18%, and China\u2019s CSI 300 slipped 0.48%. India underperformed, with the Nifty 50 down 0.44% and the Sensex falling 0.42%.<\/li>\n\n\n\n
- Oil Slips as Oversupply Concerns Clash With Geopolitical Uncertainty:<\/strong> Brent crude fell 1.14% to $62.45 a barrel, while WTI slipped 1.15% to $58.64 as markets digested signals of oversupply alongside renewed uncertainty surrounding Russia-Ukraine peace efforts. Monday\u2019s gains were unwound as traders weighed conflicting drivers, including Kremlin talks between Russian President Vladimir Putin and US envoys Steve Witkoff and Jared Kushner.<\/li>\n\n\n\n
- Treasury Yields Hold Steady Ahead of Key US Data:<\/strong> The 10-year Treasury yield hovered at 4.09%, while the 30-year yield edged up to 4.747% and the 2-year yield dipped to 3.514%. Investors are positioning ahead of a series of data releases this week, including ADP employment, jobless claims, durable goods, factory orders and the delayed PCE index which could shape expectations for future rate cuts. Markets currently price an 89% chance of a December rate cut at next week\u2019s Fed meeting.<\/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-3Dec25.png\")
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- EUR\/USD Holds Steady Within Tight Range:<\/strong> EUR\/USD closed at 1.1625, up 0.13%, after trading between 1.1625 and 1.1591 in a contained session that kept price just above the 50-day SMA at 1.1613. The pair remains below the 100-day SMA at 1.1644, while the rising 200-day SMA at 1.1444 continues to support the broader upward structure. Trading has stayed limited since mid-October, reflecting restricted directional momentum. Resistance sits at 1.1625 and then the 100-day SMA, while support begins at 1.1591 followed by 1.1570. Holding above the session low preserves a mildly constructive tone, but a drop beneath it could trigger a deeper retracement.<\/li>\n\n\n\n
- GBP\/USD Softens After Failing to Extend Rebound:<\/strong> GBP\/USD closed at 1.3212, down 0.01%, after moving between 1.3222 and 1.3180 as the pair continued to trade below the 50-day SMA at 1.3270, the 100-day SMA at 1.3370 and the 200-day SMA at 1.3318. The short-term trend has been down since mid-October, marked by a sequence of lower highs and lower lows despite a brief recovery from 1.3050. Resistance is positioned at 1.3222 and then the 50-day SMA, while support rests at 1.3180 followed by the swing low at 1.3050. Remaining above 1.3180 may encourage consolidation, but a break below it would open the path back toward 1.3050.<\/li>\n\n\n\n
- USD\/JPY Extends Advance Toward Multi-Year Highs:<\/strong> USD\/JPY closed at 155.84, up 0.28%, after trading between 156.18 and 155.40 as the pair continued to climb firmly above the 50-day SMA at 152.85, the 100-day SMA at 150.26 and the 200-day SMA at 148.02. Momentum remains decisively bullish, supported by a trend of higher highs and higher lows since late September. Immediate resistance is at 156.18 and then the 157.00, while support begins at 155.40 and then the 50-day SMA. Staying above the intraday low keeps upside pressure intact.<\/li>\n\n\n\n
- AUD\/USD Extends Lift Above Key Technical Levels:<\/strong> AUD\/USD closed at 0.6566, up 0.32%, after trading between 0.6571 and 0.6536, with price pushing clearly above the 50-day SMA at 0.6529 and the 100-day SMA at 0.6532. The pair is also positioned well above the 200-day SMA at 0.6465, improving the short-term outlook following a rebound from mid-November lows. Resistance is at 0.6571 and then 0.6620, while support begins at 0.6536 and then the 50-day SMA. Holding above the session low keeps near-term upside prospects in place.<\/li>\n\n\n\n
- Silver Extends Its Surge to New Multi-Year Highs:<\/strong> Silver closed at $58.52, up 0.96%, after moving between $58.64 and $56.59 in a session dominated by strong buying interest, lifting price to fresh multi-year highs. Silver trades significantly above the 50-day SMA at $49.74, the 100-day SMA at $44.94 and the 200-day SMA at $39.09, maintaining a powerful upward trend. Immediate resistance is the intraday high at $58.64, while support is at $56.59 and then around $54.00. Holding above the session low keeps room open for further gains.<\/li>\n\n\n\n
- Gold Eases Slightly but Maintains Strong Uptrend:<\/strong> Gold closed at $4210, down 0.48%, after trading between $4236 and $4164 as the metal saw a modest pullback from recent highs. Despite the dip, Gold remains well above the 50-day SMA at $4040, the 100-day SMA at $3741 and the 200-day SMA at $3467, preserving a robust multi-month uptrend. Resistance is located at $4236 and then near $4370, while support begins at $4164 followed by the 50-day SMA.\u00a0<\/li>\n<\/ul>\n\n\n\n
Market Movers:<\/strong><\/p>\n\n\n\n
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- Crypto-Linked Shares Advance as Bitcoin Rebounds:<\/strong> Cryptocurrency-exposed stocks rallied after Bitcoin climbed more than 5%. MicroStrategy rose more than 5%, while MARA Holdings and Galaxy Digital gained more than 2%. Coinbase also moved higher, closing up more than 1%.<\/li>\n\n\n\n
- Defensive Food Names Retreat in Risk-On Session:<\/strong> Consumer staples lagged as appetite for risk assets returned, with General Mills, Conagra Brands, Campbell\u2019s and J.M. Smucker all falling more than 2%. Tyson Foods, Kraft Heinz, McCormick and Hershey slipped more than 1% amid reduced demand for defensive positioning.<\/li>\n\n\n\n
- Semiconductor Stocks Lead Broad Tech Strength:<\/strong> Semiconductor names outperformed on Tuesday, with Intel rising more than 9% to top the Nasdaq 100, followed by NXP Semiconductors up more than 8%. Microchip Technology gained over 7%, while Applied Materials and Texas Instruments advanced more than 4%.\u00a0<\/li>\n\n\n\n
- MongoDB Surges on Strong Revenue and Upgraded Outlook:<\/strong> MongoDB jumped more than 22% after reporting Q3 revenue of $628.3 million, beating expectations, and raising its 2026 revenue forecast to a range of $2.43 billion\u2013$2.44 billion, above previous projections.<\/li>\n\n\n\n
- Boeing Jumps After Positive Free-Cash-Flow Guidance:<\/strong> Boeing climbed more than 10% after its CFO said the company expects to generate low-single-digit positive free cash flow in 2026.<\/li>\n\n\n\n
- Symbotic Drops After Analyst Downgrade:<\/strong> Symbotic fell more than 21% after Goldman Sachs downgraded the stock to sell from neutral, setting a price target of $47.<\/li>\n<\/ul>\n\n\n\n
A stronger showing from bitcoin and leading tech names helped stabilise sentiment on Tuesday, allowing markets to recover from early volatility. Regional equity performance was mixed but orderly, while bond yields and currency moves were generally contained. With the Federal Reserve meeting approaching and several key data releases due, traders are watching whether this improved tone can carry into December\u2019s historically supportive period.<\/p>\n","protected":false},"excerpt":{"rendered":"
Markets opened December on a firmer footing as a sharp rebound in bitcoin and renewed strength across major technology names helped lift sentiment following Monday\u2019s pullback. Bitcoin\u2019s move back above $90,000 supported broader risk appetite, with crypto-linked and AI-focused stocks providing much of the day\u2019s upward momentum. Trading remained choppy, with the Dow and S&PContinue Reading<\/a><\/p>\n","protected":false},"author":28,"featured_media":28231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[110,1,112],"tags":[140,138,136],"class_list":["post-28229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-espresso-morning-call","category-ix-intel","category-market-news","tag-international-news","tag-market-updates","tag-whats-new"],"acf":[],"aioseo_notices":[],"lang":"en","translations":{"en":28229,"vi":28232,"zh_cn":28234,"pt":28236,"th":28238,"ko":28240,"zh_tw":28242,"es":28244,"jp":28246},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/28229","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\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/comments?post=28229"}],"version-history":[{"count":0,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/28229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media\/28231"}],"wp:attachment":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media?parent=28229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/categories?post=28229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/tags?post=28229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Defensive Food Names Retreat in Risk-On Session:<\/strong> Consumer staples lagged as appetite for risk assets returned, with General Mills, Conagra Brands, Campbell\u2019s and J.M. Smucker all falling more than 2%. Tyson Foods, Kraft Heinz, McCormick and Hershey slipped more than 1% amid reduced demand for defensive positioning.<\/li>\n\n\n\n
- GBP\/USD Softens After Failing to Extend Rebound:<\/strong> GBP\/USD closed at 1.3212, down 0.01%, after moving between 1.3222 and 1.3180 as the pair continued to trade below the 50-day SMA at 1.3270, the 100-day SMA at 1.3370 and the 200-day SMA at 1.3318. The short-term trend has been down since mid-October, marked by a sequence of lower highs and lower lows despite a brief recovery from 1.3050. Resistance is positioned at 1.3222 and then the 50-day SMA, while support rests at 1.3180 followed by the swing low at 1.3050. Remaining above 1.3180 may encourage consolidation, but a break below it would open the path back toward 1.3050.<\/li>\n\n\n\n
- S&P 500 Gains Despite Intraday Swings:<\/strong> The S&P 500 added 0.25% to finish at 6,829.37, overcoming a wavering start to the session. The benchmark was pressured by concerns surrounding stretched valuations and persistent inflation worries but found support from a late-session pickup in tech and crypto-linked stocks.\u00a0<\/li>\n\n\n\n