- Yesterday’s trading session in the United States ended with a strong rebound, with the Nasdaq rising by 2.69%, the S&P 500 by 1.55%, and the Dow Jones by 1.4%, with the gains supported by increasing chances of a Fed interest rate cut.
-
Recent comments from Fed officials, including Daly, Waller, and Williams, indicated that a rate cut in December is becoming increasingly likely, emphasizing that the decision will depend on current economic data, including inflation, labor market dynamics, and the health of the industrial sector. Markets currently price in roughly a 70 to 75% probability of a December rate cut, which further supports sentiment toward equities and risk assets.
-
Takaichi and Trump are expected to discuss Trump’s conversation with Xi in the context of rising tensions around Taiwan.
-
The White House described talks with Ukraine as productive, while the European Commission announced plans to send a team to Washington to discuss various issues.
-
Chinese President Xi announced a tightening of the energy partnership with Russia, and both sides are engaged in talks to expand oil exports in response to U.S. sanctions. As a result, oil prices are stabilizing around $58.5 per barrel.
-
In Asia, indices gained moderately following the positive momentum on Wall Street. The Nikkei 225 rose by 0.14%, the Hang Seng by 1.2%, and the Shanghai Composite by 1.1%, while Australia’s S&P/ASX 200 recorded a slight decline of 0.1%.
-
The Bank of Korea (BOK) kept interest rates steady at 2.50%, but a weak won and risks in the real estate market may delay rate cuts until early 2026.
-
The People’s Bank of China set the USD/CNY exchange rate at 7.0826, below the estimated 7.1056 level.
-
In the currency markets, the dollar showed mixed behavior, strengthening against the Japanese yen but weakening slightly against the euro and the pound.
-
In the commodities market, precious metals edged higher. Gold hovered around $4,140 per ounce, while silver stood near $51.4 per ounce.
-
In the cryptocurrency market, sentiment improved slightly, supported by a shift in the narrative regarding a possible Fed rate cut in December. Bitcoin is trading around $87,975, while Ethereum holds near $2,915.
-
In the tech sector, Alphabet is increasingly entering the AI market with new TPU chips, potentially challenging Nvidia’s dominance in AI GPUs. Additionally, Meta is considering moving part of its data centers to Google TPU starting in 2027 and renting computing power from Google Cloud.
-
Tesla is facing allegations of patent infringement related to its Autopilot robotics systems.
BREAKING: Germany’s preliminary GDP reading in line with expectations
Daily summary: Tech leads Wall Street rally, dollar stable despite dovish Fed (21.11.2025)
Cocoa futures recover 1% from 21-month low 🍫
📈 US100 gains 2.1%
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
