Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout 
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures 
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Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Dollar Holds Firm as Markets Weigh Warsh-Led Fed and Yen Weakness Ahead of Japan Election 
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Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
Global equities ended the week under pressure as hawkish comments from Federal Reserve officials dampened hopes for another interest rate cut in December. MSCI’s global stock index slipped, while Wall Street posted a muted performance, weighed down by rising U.S. Treasury yields and renewed inflation concerns.
The S&P 500 rebounded from early losses thanks to bargain hunters, even as major markets from Tokyo to Paris closed sharply lower. Investors were also rattled by uncertainty surrounding Britain’s upcoming budget, adding to the strain on UK markets.
Several Fed policymakers struck a cautious tone, citing persistent inflation and a stabilizing labor market after two rate cuts earlier this year. Kansas City Fed President Jeffrey Schmid warned that inflation remains “too hot,” suggesting he could dissent if the Fed moves forward with a December cut. Dallas Fed President Lorie Logan also signaled opposition, echoing her stance from October.
Following the record-long U.S. government shutdown—now 43 days without official data—traders adjusted expectations, pricing in a roughly 46% chance of a December rate cut, down from nearly 67% last week, according to the CME FedWatch tool.
Despite market jitters, the tech-heavy Nasdaq managed to close slightly higher, supported by renewed interest in high-performing tech stocks. Nvidia gained 1.8%, while the S&P 600 tech index inched up 0.3%. Investors are bracing for a busy week ahead featuring earnings from major retailers and Nvidia, key indicators of consumer strength and AI demand.
The Dow fell 0.65% on the day, while the S&P 500 dipped 0.05% and the Nasdaq rose 0.13%. Global markets mirrored the cautious mood, with European and Asian indexes retreating.
In commodities, oil prices jumped over 2% after a Ukrainian drone attack disrupted exports at Russia’s Novorossiisk port. Meanwhile, gold prices fell sharply as Treasury yields climbed, with spot gold dropping over 2%.
Crypto markets also retreated, with bitcoin down nearly 4% and ethereum slightly lower.
