- Major US indices finished today's shortened post-Thanksgiving session mixed - S&P 500 closed 0.06% higher, Dow Jones gained 0.33% while Nasdaq dropped 0.11%. Small-cap Russell 2000 traded over 0.5% higher
- In spite of 10-year Treasury yield being on track for the biggest single-day jump in 2 weeks, US dollar is one of the worst performing G10 currencies today
- USD weakness provides support for precious metals prices - gold gained 0.5% and tested $2,000 per ounce area. Silver gained over 2%, palladium traded almost 2% higher and platinum gained 1.4%
- Bitcoin jumped above $38,000 today and reached the highest level since May 2022
- Energy commodities traded lower today - oil dropped 1% while US natural gas prices were down 2.5%
- European stock market indices traded higher today - German DAX and French CAC40 gained 0.2%, Dutch AEX was up 0.4%, Spanish Ibex gained 0.3% and Italian FTSE MIB surged 0.7%
- US manufacturing PMI index dropped from 50.0 to 49.4 in November (exp. 49.8) while services index climbed from 50.6 to 50.8 (exp. 50.3)
- German IFO Business Climate index moved from 86.9 to 87.3 in November (exp. 87.5). Expectations subindex jumped from 84.7 to 85.2 (exp. 85.8) while Current Conditions subindex moved from 89.2 to 89.4 (exp. 89.5)
- Revised German GDP report for Q3 2023 confirmed 0.1% QoQ contraction suggested in preliminary reading
- Canadian retail sales increased 0.6% MoM in September (exp. 0.0% MoM) while sales excluding autos were 0.2% MoM higher (exp. -0.3% MoM)
- Japanese CPI inflation accelerated from 3.0 to 3.3% YoY (exp. 3.4% YoY) while core CPI inflation accelerated from 2.8 to 2.9% YoY (exp. 3.0% YoY)
GOLD made another attempt at breaking above the $2,000 resistance zone and the upper limit of a short-term triangle pattern today. Source: xStation5
