NASDAQ-Adv: 7,058 Dec: 2,726 NYSE-Adv: 2,731 Dec: 1,106 (Source: Nasdaq)

Sterling dropped versus the dollar and rose against the euro on Monday, with political troubles in France and the so-called Trump trade back in focus. The euro fell on Monday on growing concerns about a possible government collapse in France, which would stall plans to curb a burgeoning budget deficit. Meanwhile, the greenback rose as President-elect Donald Trump marked a shift from his prior advocacy of a weaker dollar by demanding that BRICS member countries not create or support another currency that could replace the dollar. “High rates and relatively ...

The Kremlin said on Monday that any U.S. attempt to compel countries to use the dollar would backfire afterU.S. President-elect Donald Trump threatened toimpose tariffs on BRICS countries if they created their own currency. Trump on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that would replace the United States dollar, saying they would otherwise face 100% tariffs. The BRIC grouping initially included Brazil, Russia, India and China, but has since expanded to take in other countries. The grouping does not ...

Asian stocks advanced on Monday buoyed by a rally in tech and China shares, while the dollar firmed in a crucial week for the U.S. interest rate outlook, with the euro sliding as traders grappled with political uncertainty in France. Incoming U.S. President Donald Trump provided the dollar support by warning the BRICS emerging nations against trying to replace the greenback with any other currency, heaping pressure on emerging market currencies. EMRG/FRX “There’ll be two drivers of market volatility this month. The first remains the impact of Trump, especially future ...

The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help determine the trajectory of interest rates in the months ahead. Stocks are heading into December with the benchmark S&P 500 near record highs following an over 25% year-to-date gain. Part of that performance has been fueled by expectations that the Federal Reserve will continue cutting interest rates into next year, after reducing borrowing costs by 75 basis points in 2024. But uncertainty ...

USD: Trump’s tariff threats broaden The dollar has started the new month with modest gains, helped by politically-driven weakness in the euro and by some weekend social media posts from President-elect Donald Trump. On Saturday, Trump turned his attention to the BRICS nations, warning them against the creation of a BRICS currency to rival the dollar – or for that matter, the support of any “other currency to replace the mighty U.S. Dollar”. 100% tariffs would be levied against those countries should they continue to pursue such goals. However, the ...

Multinational companies are beefing up their foreign exchange hedging strategies to guard their overseas earnings from larger currency swings that could come from a second Donald Trump presidency. Since the U.S. election three weeks ago, strategists and bankers said they are seeing more interest in options and cross-currency swaps as companies, including those in healthcare and industrial sectors, focus on how volatile currencies may be under Trump. “The election is a big catalyst for hedgers to think about currency risk,” said Karl Schamotta, chief market strategist at payments company Corpay ...

November was a month of clear winners and losers from Donald Trump’s Nov. 5 U.S. election victory. Trump trades, essentially punishing tariff-sensitive assets from European exporters to Mexico’s peso and driving investment towards U.S. stocks and the dollar, proved successful. Wall Street has rallied, the dollar =USD gained 2% against rival major currencies and bitcoin BTC= surged. But December could be bumpy, with the Trump trade vulnerable to a potential bond market backlash against fiscal largesse, while tariffs might boost inflation and snarl up supply chains. “Elevated (U.S.) equity valuations ...

Global stock markets rallied on Friday, with Wall Street crowning November with its biggest monthly gain in a year on post-election growth hopes, while the dollar eased amid prospects for firmer rates in Japan and easing in Europe. U.S. trading was thin the day after Thanksgiving. Many investors made ita long weekend and stocks and bonds closed early, so most month-end position adjustments were done before the holiday. The S&P 500 .SPX rose 0.56% to mark the best monthly gain since November 2023 of 5.14%,while the Nasdaq’s 0.83% rise Friday ...

The S&P 500 and Dow Jones Industrial Average notched record closing highs in a shortened Black Friday session, lifted by select technology stocks, while retail was in focus as the holiday shopping season kicked off. Information technology stocks .SPLRCT including Nvidia NVDA.O helped boost the benchmark S&P 500, while the industrial and financial sectors lifted the blue-chip Dow. Investors monitored shoppers’ response todeep Black Friday discounts. Adobe Analytics estimated consumers would spend a record $10.8 billion in online purchases, up 9.9% from Black Friday last year. Shares of Target TGT.N, ...

Financial markets head into a December laden with uncertainty over geopolitics, global trade and economic growth, particularly in Europe, where France is in the cross-hairs over its budget. U.S. President-elect Donald Trump’s pledge to impose steep tariffs on Canada, Mexico and China has jolted markets and upended interest rate and inflation forecasts. Here’s what to look out for in the week ahead, from Kevin Buckland in Tokyo, Ira Iosebashvili in New York and Dhara Ranasinghe, Karin Strohecker and Amanda Cooper in London. 1/ HOLDING ON? Traders got a taste of ...

Global investors stepped up purchases in equity funds in the week ended Nov. 27, encouraged by prospects of robust U.S. growth under the Trump administration and boosted by cooling treasury yields. Investors pumped a substantial $12.19 billion into global equity funds, a jump of 32% compared with about $9.24 billion worth of net acquisitions in the week before, LSEG Lipper data showed. It marked the ninth consecutive weekly inflow. On Friday, global shares were on track for their best month since May, driven by optimism about strong U.S. growth and ...

China: PMI in focus PMI data will be in focus in the week ahead. The National Bureau of Statistics (NBS) will publish the official manufacturing and non-manufacturing PMI on Saturday morning. We are currently expecting a slight uptick in the manufacturing PMI to 50.3 from 50.1, which would send another positive signal for recent growth stabilisation. The Caixin manufacturing PMI is set for release on Monday. Korea: CPI, PMI and exports data We expect export growth for Korea to rise 4.4% year-on-year in November compared to the previous month’s 4.6%. ...

NASDAQ-Adv: 5,756 Dec: 4,306 NYSE-Adv: 2,478 Dec: 1,514 (Source: Nasdaq)

The yen jumped to a six-week high against the dollar on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. Tokyo’s core consumer price index, which excludes volatile fresh food costs, rose 2.2% year-on-year in November from a year earlier, up from 1.8% last month and beating forecasts for a 2.1% gain. “The yen is turning into the latest momentum trade … with little friction to prevent it rising in thin holiday trade,” said Matt Simpson, senior market analyst at City ...