Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
U.S. Soybean Shipments to China Gain Momentum as Trade Tensions Ease 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Japan’s Service Sector Sustains Growth Momentum in November 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Oil Prices Slip as Russia-Ukraine Peace Hopes Fade and Oversupply Fears Grow 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
The Nasdaq closed slightly lower on Friday, capping its steepest weekly decline since early April as investors reassessed the rapid gains in artificial intelligence (AI) and technology shares. The index dropped about 3% for the week, while chip and tech-related stocks were the biggest losers. Despite this setback, the Nasdaq remains up more than 50% since April, driven by optimism around AI following President Donald Trump’s sweeping tariff announcements.
Market sentiment cooled after The Financial Times reported Nvidia CEO Jensen Huang’s warning that China may surpass the U.S. in the AI race. “We’re seeing this AI selloff continue after those comments,” said Michael O’Rourke, chief market strategist at JonesTrading. “It’s a recalibration of valuations, along with some profit-taking after a strong rally this year.”
All three major U.S. stock indexes opened sharply lower but pared losses later in the day. The Dow Jones Industrial Average rose 74.80 points, or 0.16%, to 46,987.10; the S&P 500 gained 8.49 points, or 0.13%, to 6,728.81; while the Nasdaq Composite slipped 49.45 points, or 0.21%, to 23,004.54. Global markets also softened, with MSCI’s world stock index down 0.07% and Europe’s STOXX 600 off 0.55%.
Meanwhile, weaker China trade data highlighted the impact of U.S. tariffs. China’s exports fell 1.1% in October, their worst drop since February. U.S. Treasury yields edged down as consumer sentiment hit its lowest level since mid-2022 amid the ongoing government shutdown. The 10-year Treasury yield slipped to 4.091%.
The U.S. dollar weakened slightly, with the dollar index down 0.11% to 99.57, while oil and gold prices edged higher. U.S. crude settled at $59.75 per barrel, and Brent rose to $63.63, supported by hopes of energy cooperation between the U.S. and Hungary.
