📆 Tuesday, November 28
► European stocks saw a weak start into the day sliding 0.6% lower. German consumer sentiment showed marginal improvement but remained at very low levels (up -27.8 from the previous -28.3), with no signs of sustainable recovery. French video game publisher Ubisoft announced a significant convertible bond placement, raising €494.5 million. The proceeds are intended for general corporate activities and repurchasing outstanding bonds. This announcement led to an 8% drop in Ubisoft's stock, impacting investor sentiment. The focus in Europe is now on the upcoming Eurozone inflation figures on Thursday, along with Eurozone PMIs on Friday.
► US futures pointed towards a weaker open, with the Nasdaq down 0.2% and the S&P 500 down 0.1%. The US 10-year Treasury yield saw a slight increase to 4.40% after a sharp decline yesterday following strong demand for bonds. Investors are awaiting key economic data this week, including the Fed’s preferred measure of underlying inflation. Markets remain in sideways movement with reduced trading volume as they anticipate US personal consumption numbers on Thursday and the ISM Manufacturing PMI on Friday.
Subscribe to see more
