Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
U.S. Stock Markets Rally on Amazon's Earnings
On Friday, U.S. stock indexes experienced a notable uptick, driven primarily by Amazon.com, which saw a 6.2% increase in shares following robust earnings that exceeded expectations. The positive momentum from Amazon helped mitigate losses in other tech stocks, notably Apple, which declined by 1.2% due to a conservative growth outlook.
Treasury Yields Rise Amid Economic Concerns
As stock markets rallied, 10-year Treasury yields reached a four-month high of 4.361%, up 7.7 basis points. This rise comes after a disappointing U.S. jobs report revealed minimal job growth in October, affected by industrial strikes and hurricanes. However, the unemployment rate remained steady at 4.1%, suggesting stability in the labor market.
Political Uncertainty Influences Investor Sentiment
With only four days until the U.S. presidential election, polls indicate a tight race between Republican Donald Trump and Democratic Vice President Kamala Harris. Strategists warn of a deteriorating fiscal trajectory regardless of the election outcome.
Global Market Trends
In global markets, MSCI's index rose by 0.34% as European stocks marked their largest single-day gain in five weeks, with the STOXX 600 climbing 1.09%. The dollar strengthened against the euro, trading at $1.084, while Bitcoin saw a slight increase of 0.57% to $69,531.
Conclusion
In summary, U.S. stock markets benefited from Amazon's strong performance, while Treasury yields climbed amid mixed economic signals. The upcoming election remains a critical focus for investors as they navigate these market fluctuations.
