Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Wall Street Hits Record Highs Amid Trump’s Victory and Anticipated Fed Rate Cut
U.S. stock index futures steadied Wednesday night as Wall Street reached new highs, celebrating Donald Trump's victory in the 2024 presidential election. With the election results sparking optimism, investors now await the Federal Reserve’s upcoming interest rate decision.
Trump's Victory Boosts Wall Street
Wall Street indexes surged after major networks projected Trump’s win over Kamala Harris. The Republican majority in both the Senate and House strengthens Trump’s path to enacting major policy changes, including potential corporate tax cuts. This “red sweep” energized investors, pushing the S&P 500 up 2.5% to a record 5,929.04 points, the Nasdaq Composite 2.9% to 18,978.65 points, and the Dow Jones 3.6% to 43,729.93 points—its best day since 2022.
Key Market Drivers
Investor sentiment was further lifted by stronger-than-expected PMI data and positive earnings from semiconductor giants like Qualcomm and GlobalFoundries. Qualcomm shares jumped nearly 7% in after-hours trading, while GlobalFoundries gained on reports of potential government support through the CHIPS Act.
Fed Rate Decision Looms
Attention now shifts to the Federal Reserve's Thursday meeting, where a 25-basis-point rate cut is widely expected. However, the central bank’s outlook on future rate policy remains unclear, especially as Trump’s protectionist economic stance may fuel inflation. The Fed’s stance on long-term interest rates will be crucial in shaping investor expectations.
