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- Dow Climbs to Fresh Record High:<\/strong> The Dow Jones Industrial Average surged 646.26 points, or 1.34%, to close at 48,704.01. This marked a new closing record and a new intraday high. The advance was supported by rotation into cyclical and economically sensitive stocks, with Visa among the notable gainers after an analyst upgrade.\u00a0<\/li>\n\n\n\n
- S&P 500 Registers Another Record Close:<\/strong> The S&P 500 added 0.21% to finish at 6,901.00, setting a fresh closing high despite pressure on the technology sector. Strength in industrials, consumer oriented names and financials helped offset weakness in AI linked stocks.\u00a0<\/li>\n\n\n\n
- Nasdaq Slips as AI Stocks Retreat:<\/strong> The Nasdaq Composite fell 0.25% to 23,593.86. The index was weighed down by a selloff in technology shares following Oracle\u2019s disappointing revenue and increased spending forecast.\u00a0<\/li>\n\n\n\n
- European Markets Advance Despite Tech Weakness:<\/strong> European equities closed broadly higher, with the Stoxx 600 up 0.5% as investors digested the US Federal Reserve\u2019s latest rate cut and Switzerland\u2019s decision to hold monetary policy steady. The FTSE 100 climbed 0.49% to 9,703.16, while France\u2019s CAC 40 rose 0.8% to 8,086 and snapped a two day losing streak. Germany\u2019s DAX added 0.60%, though sentiment in the region\u2019s technology segment weakened after Oracle\u2019s results weighed on SAP, ASML and ASMI. Broader macro themes were supportive, including Switzerland reporting inflation at 0% and Germany\u2019s construction sector projecting its first real turnover growth in four years with further improvement expected through 2026.<\/li>\n\n\n\n
- Asia Pacific Markets Reverse Early Gains:<\/strong> Asia Pacific equities faded from early strength to close mostly lower after the Federal Reserve delivered its third rate cut of the year. Japan\u2019s Nikkei 225 fell 0.9% to 50,148.82, while the Topix declined 0.94%. South Korea\u2019s Kospi slipped 0.59% to mark a third straight day of losses, and China\u2019s CSI 300 dropped 0.86%. Hong Kong\u2019s Hang Seng finished marginally lower, while Australia\u2019s ASX 200 rose 0.15%. Regional sentiment was dampened by reports that ZTE may face more than $1 billion in US penalties. China reported resilient year to date GDP growth of 5.2% and an 11 month high for November vehicle sales.<\/li>\n\n\n\n
- Oil Retreats as Focus Shifts to Ukraine Talks:<\/strong> Brent crude slipped 1.49% to $61.28 per barrel, while WTI fell 1.47% to $57.60. Traders shifted attention back to Russia Ukraine peace negotiations. The market showed little reaction to Ukrainian drone activity or the US seizure of a Venezuelan tanker. Analysts noted that increased supply from sanctioned producers and loading risks are prompting Asian buyers to demand deeper discounts.<\/li>\n\n\n\n
- Treasury Yields Edge Lower After Fed Cut:<\/strong> The 10 year Treasury yield dipped to 4.147% and the 2 year yield fell to 3.528% as investors assessed the Federal Reserve\u2019s latest 25 basis point rate reduction. The decline followed a larger rise in weekly jobless claims earlier in the session. The 30 year Treasury yield held broadly steady near 4.797%.<\/li>\n\n\n\n
- US Jobless Claims Jump but Labour Market Still Viewed as Stable:<\/strong> Initial weekly jobless claims rose by 44,000 to 236,000, which was the largest increase in almost four and a half years. This reversed the unusually sharp drop seen the prior week when filings fell to a three year low, a move partly attributed to holiday period adjustment effects. The four week moving average increased by 2,000 to 216,750. Economists described the labour market as stable despite high profile layoff announcements, noting that seasonal volatility often distorts December readings.<\/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-11Dec25-9.png\")
<\/figure>\n\n\n\n- \n
- EUR\/USD Extends Breakout as Buyers Strengthen Control:<\/strong> EUR\/USD closed at 1.1741 after rising 0.39%, trading between 1.1763 and 1.1682 as the pair delivered a strong green candle that finished near the session high. Price moved firmly above the 50 day SMA at 1.1606, the 100 day SMA at 1.1642 and the 200 day SMA at 1.1483, reinforcing a clear shift toward a bullish technical posture. The advance also cleared resistance around 1.1700, confirming a higher high and extending the upward sequence that has developed since the early December rebound. Resistance is located at 1.1763 and then 1.1800, while support rests at 1.1682 and the 100 day SMA at 1.1642.<\/li>\n\n\n\n
- GBP\/USD Pushes Higher After Clearing Key Technical Levels:<\/strong> GBP\/USD finished at 1.3393 after a 0.09% gain, moving between 1.3438 and 1.3355 and producing a solid green candle that closed above the 100 day SMA at 1.3361 and the 200 day SMA at 1.3340. The pair remains above the 50 day SMA at 1.3259, signalling that the recovery from early December lows is broadening as buyers strengthen their position. Resistance stands at 1.3438 and then 1.3480, while support lies at 1.3361 followed by 1.3340.<\/li>\n\n\n\n
- EUR\/GBP Rallies as Upside Momentum Accelerates:<\/strong> EUR\/GBP closed at 0.8767 after gaining 0.33%, trading between 0.8771 and 0.8730 while forming a large green candle near the session high. Price pushed above the 50 day SMA at 0.8752, the 100 day SMA at 0.8712 and the 200 day SMA at 0.8605 as buyers extended the rebound from early December. Resistance is at 0.8771 and then 0.8800, with support at 0.8752 and 0.8712.<\/li>\n\n\n\n
- USD\/CHF Drops Sharply With Bears Pressing New Lows:<\/strong> USD\/CHF ended at 0.7948 after falling 0.63%, trading between 0.8001 and 0.7924 with a large red candle closing near the session low. Price remains below the 50 day SMA at 0.8007, the 100 day SMA at 0.8009 and the 200 day SMA at 0.8153, signalling sustained bearish pressure. Resistance begins at 0.7999 and then 0.8007 and 0.8009, while support is found at 0.7924 followed by 0.7900.<\/li>\n\n\n\n
- USD\/JPY Eases Back but Holds Within Dominant Uptrend:<\/strong> USD\/JPY closed at 155.61 after slipping 0.25%, moving between 156.16 and 154.94. Despite a red candle, the pair remains above the 50 day SMA at 153.87, the 100 day SMA at 150.83 and the 200 day SMA at 148.25. Resistance is located at 156.16 and then 157.60, while support rests at 154.94 and 153.87.<\/li>\n\n\n\n
- Gold Advances Toward Record Territory With Momentum Building:<\/strong> Gold closed at $4275 after rising 1.12%, trading between $4286 and $4204 as buyers strengthened control. Price holds well above the 50 day SMA at $4099, the 100 day SMA at $3801 and the 200 day SMA at $3512. Resistance stands at $4286 and then $4380. Support lies at $4204 and then $4099.<\/li>\n\n\n\n
- Silver Surges to Fresh Highs Amid Intense Buying Pressure:<\/strong> Silver finished at $63.54 after climbing 2.97%, moving between $64.31 and $61.46 with a strong bullish candle. Price trades far above the 50 day SMA at $51.70, the 100 day SMA at $45.99 and the 200 day SMA at $40.04. Resistance is at $64.31and then $65.00, while support is at $61.46 and $51.70.<\/li>\n<\/ul>\n\n\n\n
Market Movers:<\/strong><\/p>\n\n\n\n
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- Oracle Tumbles After Weak Revenue Update:<\/strong> Oracle fell 11% after fiscal second quarter revenue missed analyst expectations, with several Wall Street analysts cutting price targets.<\/li>\n\n\n\n
- Gemini Space Station Surges on US Licence Approval:<\/strong> Gemini Space Station climbed nearly 20% after receiving regulatory approval to offer prediction markets to US clients.<\/li>\n\n\n\n
- Visa Advances After Analyst Names It a Top Pick:<\/strong> Visa gained almost 6% after Truist named the company one of its preferred quality compounders for 2026.<\/li>\n\n\n\n
- Planet Labs Soars on Revenue Beat:<\/strong> Planet Labs surged more than 35% after reporting $81 million in third quarter revenue, well above the LSEG consensus estimate of $72 million.<\/li>\n\n\n\n
- Rezolute Collapses After Phase 3 Trial Failure:<\/strong> Rezolute plunged 88% after its Phase 3 sunRIZE study evaluating ersodetug for congenital hyperinsulinism failed to meet its primary endpoint, prompting a severe reassessment of its outlook.<\/li>\n\n\n\n
- Oxford Industries Falls on Lowered Earnings Outlook:<\/strong> Oxford Industries dropped more than 21% after reducing its 2026 adjusted EPS forecast to $2.20 to $2.40, well below prior guidance of $2.80 to $3.20 and the $2.91 consensus.<\/li>\n<\/ul>\n\n\n\n
US equities ended the day with a clear rotation narrative, as investors moved out of high growth AI names and into cyclical and economically sensitive sectors following the Federal Reserve\u2019s latest rate cut. The Dow and S&P 500 reached new record highs while the Nasdaq lagged under pressure from renewed concerns about the pace of returns on AI investment. European markets advanced as central bank decisions and easing inflation supported sentiment, while Asia Pacific indices gave back early gains after the Fed\u2019s move. Commodities saw mixed performance, with oil retreating and precious metals strengthening. In the currency market, several major pairs continued to reflect shifting risk dynamics after the Federal Reserve lowered rates for the third time this year. <\/p>\n","protected":false},"excerpt":{"rendered":"
The Dow Jones Industrial Average and S&P 500 closed at fresh record highs on Thursday, as a sharp rotation out of major AI linked technology names and into broader, economically sensitive stocks gathered pace. The move followed the Federal Reserve\u2019s third interest rate cut of the year, which lowered the federal funds rate to aContinue Reading<\/a><\/p>\n","protected":false},"author":28,"featured_media":28616,"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-28614","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":28614,"vi":28617,"zh_cn":28620,"pt":28622,"th":28624,"ko":28626,"zh_tw":28628,"es":28630,"jp":28632},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/28614","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=28614"}],"version-history":[{"count":0,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/28614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media\/28616"}],"wp:attachment":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media?parent=28614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/categories?post=28614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/tags?post=28614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Gemini Space Station Surges on US Licence Approval:<\/strong> Gemini Space Station climbed nearly 20% after receiving regulatory approval to offer prediction markets to US clients.<\/li>\n\n\n\n
- GBP\/USD Pushes Higher After Clearing Key Technical Levels:<\/strong> GBP\/USD finished at 1.3393 after a 0.09% gain, moving between 1.3438 and 1.3355 and producing a solid green candle that closed above the 100 day SMA at 1.3361 and the 200 day SMA at 1.3340. The pair remains above the 50 day SMA at 1.3259, signalling that the recovery from early December lows is broadening as buyers strengthen their position. Resistance stands at 1.3438 and then 1.3480, while support lies at 1.3361 followed by 1.3340.<\/li>\n\n\n\n
- S&P 500 Registers Another Record Close:<\/strong> The S&P 500 added 0.21% to finish at 6,901.00, setting a fresh closing high despite pressure on the technology sector. Strength in industrials, consumer oriented names and financials helped offset weakness in AI linked stocks.\u00a0<\/li>\n\n\n\n