Friday

• U.S. equity futures showed modest gains Friday following Thursday’s technology sector selloff. Private sector data revealed 153,000 job cuts in October, the highest monthly figure in over two decades.
• The 10-year Treasury yield fluctuated around 4.08% following weak employment data. Gold prices climbed above $4,000 per ounce as safe-haven demand increased amid economic uncertainty.
• Oil prices rose modestly but remained on track for weekly declines due to oversupply concerns and OPEC+ production decisions.

Thursday

• US markets showed mixed signals Thursday as investors digest rising household debt hitting record highs and 10-year Treasury yields reaching one-month peaks. Private sector employment exceeded expectations with 42,000 jobs added in October, though this failed to lift market sentiment sustainably.
• The Federal Reserve’s position remains cautious as officials suggest rate cuts may be limited, with December cut probability falling to 63% from over 90% last week. Supreme Court justices expressed skepticism about Trump’s tariff authority, potentially undermining $100 billion in existing levies and creating additional market uncertainty.
• Asian indices posted gains while European shares declined on technology sector concerns. The dollar retreated from recent multi-month highs as risk appetite improved modestly.
• Central bank decisions dominated international focus, with Bank of England rate deliberations showing 40% probability of cuts amid UK fiscal uncertainty and tax hike speculation.

Wednesday

• Bitcoin dipped below $100,000 before recovering to approximately $102,000 as cryptocurrency markets experienced extreme fear conditions. The Crypto Fear and Greed Index plunged to 20, marking a 200-day low with only two similar instances since the index’s inception in 2023.
• The S&P 500 and Nasdaq posted their biggest single-day percentage drops since October 10th, with technology shares leading the decline. Major financial executives including Morgan Stanley and Goldman Sachs CEOs warned of potential market corrections, highlighting concerns over elevated stock valuations.
• China suspended additional 24% tariffs on U.S. goods effective November 10th following recent trade consultations between the two nations. Cryptocurrency liquidations reached $2.1 billion within 24 hours, with long positions accounting for $1.68 billion of the losses.
• Asian markets declined sharply with Japan’s Nikkei falling 2.5% and South Korea’s Kospi dropping 5.2% amid AI bubble concerns.
• The ongoing U.S. government shutdown entered its 36th day, limiting official economic data releases and forcing markets to rely on private sector reports.

Tuesday

• Bitcoin dropped below $104,000 amid $1.2 billion in cryptocurrency liquidations on November 4. Major Wall Street CEOs warned of potential 10-15% market corrections in coming months.
• Federal Reserve officials remained divided on December rate cuts amid persistent inflation concerns. China’s central bank resumed purchasing sovereign bonds, injecting $2.8 billion into markets.
• OPEC+ decided to pause production increases for the first quarter of 2026, causing oil prices to fall. Institutional investors pulled $322 million from Bitcoin and ETH funds as the Fear and Greed Index dropped to 21.

Monday

• OPEC+ decided to pause production increases for the first quarter of 2026. Jerome Powell suggested December rate cuts are not guaranteed, causing the dollar to strengthen to near three-month highs.
• 63% of S&P 500 companies beat both earnings and revenue estimates, the highest rate since 2021. Oil prices gained 0.3% with Brent crude reaching $64.96 per barrel following OPEC+ production decisions.