Market Update

As a turbulent week concludes, global equities have faced notable volatility, extending a choppy downward trajectory that marks the worst decline since the US tariff-driven sell-off last April. The week was generally characterized by market instability, witnessing sharp daily swings as key indices like the S&P 500 experienced significant reversals …

U.S. stock futures were mixed early Friday after a whipsaw session, with traders further dialing back expectations for a Federal Reserve rate cut in December. At 05:00 ET (10:00 GMT), Dow Jones futures rose 0.3%, while S&P 500 futures slipped 0.1% and Nasdaq 100 futures fell 0.5%. Week-to-date: risk-off tone …

Bitcoin extended its slide Friday, breaking to $85,700 (-6.8% as of 06:21 GMT) after briefly hitting $85,418, its lowest since April. The token is on track for a weekly drop >8%, capping a bruising run that’s seen leveraged longs unwind as key supports failed. What’s driving the selloff Ambiguous U.S. …

UK retail sales fell 1.1% m/m in October after a +0.7% gain in September (revised from +0.5%), the ONS said Friday, badly missing the market call for 0.0%. Ex-fuel core sales dropped 1.0% m/m (consensus -0.2%) following a revised +0.7% in September. On an annual basis, headline sales growth slowed …

Oil fell for a third straight session on Friday, with traders bracing for looser supply risks and tighter financial conditions. Brent down 2.2% to $61.98 by 10:10 GMT WTI down 2.5% to $57.52Both benchmarks are on track for ~4% weekly losses, erasing last week’s gains. What’s weighing on crude Diplomatic …

Germany’s private-sector expansion lost steam in November, with factory output contracting again and services growth easing, flash survey data showed Friday. Composite PMI (HCOB/S&P Global): 52.1 vs 53.9 in October — a two-month low, but above the 50 growth threshold for a sixth straight month. Manufacturing PMI: 48.4 vs 49.6 …

U.S. stocks rose Thursday but closed well off intraday highs as an early, Nvidia-led rally lost steam and investors weighed mixed signals on the Federal Reserve’s next move. By 11:26 a.m. ET, the Dow Jones Industrial Average was up 0.66% at 46,441.56, the S&P 500 gained 0.86% to 6,699.33, and …

Nonfarm Payrolls +119K in September (consensus +50K), after August was revised down to –4K from +22K. Key details: Unemployment rate: 4.4% (from 4.3%). Labor force participation: 62.4% (from 62.3%). Avg. hourly earnings (YoY): 3.8% (unchanged; est. 3.7%). Revisions: July –7K to +72K; August –26K to –4K ⇒ net –33K over …

Bitcoin hovered around $91,900 early Thursday, stabilizing after a brief tumble below $90,000 in the prior session that underscored fragile risk appetite across crypto markets. Policy fog: Fed minutes deepen confusion Minutes from the Oct. 28–29 Federal Reserve meeting showed a widening divide over whether to cut rates on Dec. …

Oil prices ticked up Thursday, recovering a fraction of the prior session’s slide, as a larger-than-expected draw in U.S. crude inventories tempered bets that a potential Washington-backed framework to end the Russia–Ukraine war could add supply to an already well-stocked market. Brent crude rose 0.3% to $63.72/bbl by 07:14 GMT. …