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Indian markets saw a surge in stock prices on Friday. Retail and technology sectors led the gains. Investors anticipated a Federal Reserve interest rate cut. Major indexes recorded weekly gains. The Nasdaq experienced a monthly decline due to AI valuation concerns. A CME Group outage briefly disrupted trading. The holiday shopping season commenced with Black Friday and Cyber Monday.
European shares concluded Friday higher, extending a strong weekly and monthly advance. Optimism surrounding potential U.S. rate cuts fueled gains, with the banking sector notably performing well. Basic Resources also led Friday's rise, driven by record copper prices, while aerospace and defence stocks faced pressure amid Ukraine peace talks.
U.S. Treasury yields edged higher on Friday amidst thin trading volumes following the Thanksgiving holiday and a significant CME Group trading platform outage. While futures trading resumed after an 11-hour shutdown, markets remained subdued. Investors are anticipating a potential Federal Reserve interest rate cut, leading to a slight steepening of the yield curve as the month concludes.
Andriy Yermak's removal deals a serious blow to Zelensky, who faces a mounting Russian offensive in the east as Washington peddles a plan to end the war that Kyiv fears will hand big concessions to Moscow.
The U.S. dollar is poised for its worst weekly drop since late July, driven by increased expectations of Federal Reserve rate cuts following softer labor data. Traders are pricing in a high probability of a cut in December, despite inflation concerns. Meanwhile, anticipation builds for the Bank of Japan's meeting, with potential signals of a rate hike influencing the yen.
The fire started on Wednesday afternoon and rapidly engulfed seven of the eight 32-storey blocks at the complex, which were wrapped in bamboo scaffolding and green mesh and layered with foam insulation for the renovations.
Gold prices have reached a two-week high. Silver has hit a new record. This surge is driven by expectations that the US Federal Reserve will cut interest rates next month. Investors are returning to gold as a safe haven. Soft economic data and dovish remarks from Fed officials support this outlook. Platinum and palladium also saw gains.
Indias Q2 FY26 GDP surged 8.2%, beating expectations and reaffirming its position as the fastest-growing major economy. Markets may open positively on Monday, driven by robust manufacturing and services growth, easing inflation, and potential FII sentiment shift, though experts caution against chasing indices at elevated levels.
