Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
German Industry Employment Falls to Lowest Level in a Decade 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Wall Street ended the week on a strong note Friday, with major U.S. stock indexes climbing sharply as expectations for a Federal Reserve rate cut in December gained momentum. The rebound helped ease concerns about stretched tech valuations after a turbulent week for global markets.
A broad market rally picked up speed by late morning, lifting the Dow Jones Industrial Average by 493.30 points to 46,245.56. The S&P 500 advanced 0.98% to 6,602.96, while the Nasdaq Composite gained 0.88% to close at 22,273.08.
The surge followed fresh U.S. labor market data, which showed an unexpected uptick in unemployment—a signal that strengthened the market’s confidence in a potential Fed rate cut. According to CME’s FedWatch tool, traders now see a 73.3% chance of a December cut, up from 39.1% just a day earlier.
Comments from New York Fed President John Williams also boosted sentiment. Once viewed as leaning hawkish, his openness to near-term rate cuts shifted market perception toward a more dovish outlook. Analysts say this helped spark Friday’s strong rebound after Thursday’s broad selloff.
Tech stocks also provided support. Strong earnings from AI-driven leaders like Nvidia helped calm fears that the sector’s rapid gains were unsustainable. With nearly all S&P 500 companies having reported third-quarter results, about 83% have beaten earnings expectations, according to LSEG data.
Global markets were more mixed. European stocks fell for the week amid worries about high tech valuations and optimism around Russia-Ukraine peace efforts, which dragged defense shares lower. Asian markets also slipped, with Japan’s Nikkei dropping 2.40%.
In currencies, the dollar steadied but weakened against the yen as Japanese officials increased efforts to curb the yen’s slide. Meanwhile, cryptocurrencies tumbled, with bitcoin falling to multi-month lows.
U.S. Treasury yields dipped as rate-cut bets strengthened, and oil prices fell to a one-month low on developments in the Russia-Ukraine peace push. Gold also edged lower, with spot prices ending at $4,065.29 an ounce.
