Friday

• Bitcoin crashed below $82,000 triggering nearly $2 billion in liquidations across cryptocurrency markets. MicroStrategy shares plunged 68% amid the crypto decline, while JPMorgan attributes the correction to retail investors selling $4 billion in spot Bitcoin and ETH ETFs.
• South Korea’s Kospi fell 3.8%, Japan’s Nikkei dropped 2.4%, and Hong Kong’s Hang Seng declined 2.4% as AI bubble concerns resurfaced. European semiconductor stocks tumbled, with ASML falling 3.5% and chip equipment makers shedding up to 4%.
• Mixed US employment data showed 119,000 jobs added versus 50,000 expected, but unemployment rising to 4.4%.

Thursday

• Global markets rallied following Nvidia’s blockbuster third-quarter earnings that exceeded expectations and provided strong fourth-quarter guidance. Asian markets gained broadly with Japan’s Nikkei rising 2.6%, Taiwan’s benchmark up 3.2%, and South Korea’s Kospi advancing over 3%.
• US treasury yields edged higher as investors awaited the delayed September jobs report, while the dollar index climbed above 100 as traders reduced bets on Federal Reserve rate cuts.
• Prominent Republicans and Maga supporters have reacted negatively to Donald Trump’s plan to limit US states’ ability to regulate AI businesses, accusing him of caving in to Big Tech funders.

Wednesday

• Federal Reserve December rate cut probabilities dropped to 46% from 63% last week amid policymaker divisions.
• UK inflation cooled to 3.6% in October, strengthening expectations for Bank of England rate cuts in December. The Indian rupee gained on trade deal optimism between India and the US.
• Gold advanced over 1% on safe-haven demand while silver held near record highs above $52. Oil prices declined with Brent crude falling below $65 per barrel on oversupply concerns.

Tuesday

• Global markets experienced broad-based selling pressure with European markets opening sharply lower, extending Monday’s declines by 1-1.5%. Asian markets closed with significant losses, led by Japan’s Nikkei which dropped over 3%, marking its largest decline in seven months.
• Bitcoin fell below $90,000 for the first time since April, erasing all gains for 2025. Investors pulled approximately $2.8 billion from Bitcoin ETFs in November alone.
• Expectations for a December Fed rate cut dropped to approximately 42% from previous levels near 67%, following hawkish commentary from Fed officials. Gold prices extended losses for a fourth consecutive session, falling over 1% as dollar strength weighed on the precious metal.

• Bitcoin fell below $94,000 for the first time since May amid extreme fear sentiment. Federal Reserve officials’ hawkish comments reduced December rate cut expectations to just 46%, pressuring risk assets including cryptocurrencies.
• European Central Bank officials expressed comfort with current interest rate levels, with governing council member Gabriel Makhlouf stating he is “very comfortable” with the bank’s current stance.
• Oil prices declined with Brent crude falling 0.7% to $63.94 per barrel as supply concerns eased after Russia’s Novorossiysk port resumed operations following a brief Ukrainian drone strike.
• Japan’s economy shrank 0.4% quarter-on-quarter in Q3, marking the first contraction in six quarters, as exports declined due to US tariffs. The European Commission raised its 2025 eurozone growth forecast to 1.3% from 0.9% but cut 2026 projections to 1.2% from 1.4%, citing trade tensions.