► European stocks showed restraint with the Stoxx 600 Index little changed, as investors assess diverse sector performances. In the UK, unemployment rate remained unchanged at 4.2% in October. In stock news, Nokia's stock dips on profit target revision, contrasting with AstraZeneca's rise after an acquisition. The CAC 40 in France nears record high boosted by large cap stocks. The ZEW Economic Sentiment (Germany) has improved significantly as expected by our chief analyst and was even significantly better than expected by the market (12.8 vs. 8.8 expected).
► US futures indicate additional gains, with the Nasdaq up near 0.2% and the S&P 500 up 0.15%. Markets focus on the impending US CPI data (13:30 UTC+0) and Federal Reserve's rate decision (Dec 13). Treasury yields and the USD experience a slight dip as investors gauge potential Fed moves.
► Asian markets see an upswing, led by Hong Kong's gains up 1.33%. Hong Kong stocks saw gains due to expectations of Chinese economic policy outcomes. Attention is on China's stimulus plans for 2023, impacting regional market dynamics.
Subscribe to see more
