📆 Friday, December 8
► Europe's Stoxx 600 Index rises by 0.45%, maintaining its upward trajectory for the fourth week. Anglo American stock plummeted by 6.6% after announcing production cuts for the next year. The German consumer price index fell by 0.4% month-on-month in November – a sign of weakening consumption, while the year-on-year inflation rate fell to 3.2%.
► US equity futures, including the S&P 500 and Nasdaq 100, showed impressive gains, rising over 1% each in the previous session. The USD had a mixed performance against major currencies and stable Treasury yields mirrored the current market sentiment of cautious optimism. The US markets' focus is on the upcoming nonfarm payroll report, crucial for assessing the Federal Reserve's next moves, influencing interest rate expectations. S&P 500 / Nasdaq futures trade little changed in US pre-market trading today.
► Asian markets showed a mixed performance, with the Japanese Nikkei 225 index dropping 1.8%. The JPY surged, impacting stocks and bonds, amid speculation of the Bank of Japan ending its negative interest rate policy. Chinese stocks on the other hand rebounded slightly, led by Tencent's gaming industry ambitions. Asian investors await for Chinese inflation data to be released tomorrow (Dec 9).
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