Friday

• Markets experienced widespread volatility on Friday as investors grappled with diminished expectations for Federal Reserve rate cuts in December. The probability of a December Fed cut dropped from 72% to approximately 50% following cautious commentary from multiple Federal Reserve officials.
• Asian markets broadly declined, with Japan’s Nikkei falling 1.8%, Hong Kong’s Hang Seng dropping 1.8%, and South Korea’s KOSPI plunging 3.81%. UK markets faced additional pressure as government bond yields spiked following reports that Chancellor Rachel Reeves abandoned plans to raise income tax rates.
• Bitcoin fell below $95,000 to six-month lows as the broader crypto market capitalization dropped over $200 billion in 24 hours. Oil prices climbed over 1.5% on supply concerns

Thursday

• US stocks gained on Thursday as the nation’s 43-day government shutdown ended. The Dow Jones reached a record high of 48,254.82 with a 0.7% gain, while Asian markets including Japan’s Nikkei and China’s Shanghai Composite posted broad advances.
• Gold surged to three-week highs above $4,200 per ounce for the fifth consecutive session. Markets are pricing a 64% probability of Federal Reserve rate cuts in December.
• European markets traded mixed with France’s CAC 40 gaining 0.6% while the UK’s FTSE 100 declined on weaker GDP growth. Oil prices fell on concerns about rising inventories and OPEC oversupply forecasts through 2026.

Wednesday

• Chinese stocks declined modestly with Shanghai Composite down 0.07% and Shenzhen Component falling 0.36%. Hong Kong’s Hang Seng Index rose 0.9% to reach a one-month high.
• The US Senate passed government funding legislation with the House expected to vote Wednesday. European markets traded higher with German DAX gaining 0.8% and France’s CAC 40 rising 0.5%.
• Gold prices climbed for a fourth consecutive session, reaching $4,142 per ounce.

Tuesday

• The US Senate approved legislation to end the record 41-day government shutdown. European indices gained 0.3-1% while Asian markets posted more modest results with profit-taking after recent rallies.
• President Trump indicated tariff reductions on Indian goods may be forthcoming, driving optimism over potential US-India trade deal progress.
• Gold prices surged to three-week highs above $4,140 per ounce amid safe-haven demand and lower real yields.

Monday

• The US Senate advanced a bipartisan funding bill to end the record 40-day government shutdown, with operations funded through January 30. This development sparked a broad-based rally across global financial markets on November 10.
• Asian markets led the gains with South Korea’s Kospi surging 3%, Japan’s Nikkei rising 1.3%, and Hong Kong’s Hang Seng climbing 1.6%. US stock futures jumped with S&P 500 futures up 0.7% and Nasdaq futures gaining 1.2%.
• Cryptocurrency markets rebounded strongly with Bitcoin climbing 4.2% to breach $106,000 and ETH gaining 7.4% to reach $3,600. Gold prices surged to two-week highs above $4,080 per ounce as markets priced in a 67% probability of Federal Reserve rate cuts in December.