Thanksgiving Pause: Rate Cut Hopes Fuel Global Markets as US Observes Holiday

Market Overview - U.S. markets experienced a quiet day due to the Thanksgiving holiday, leading to reduced trading volumes, while global markets continued to rise on optimism regarding potential interest rate cuts by the U.S. Federal Reserve [1][8] - Major U.S. stock indices closed higher on November 26, 2025, with the S&P 500 up 0.7%, Nasdaq Composite up 0.8%, and Dow Jones Industrial Average up 0.7%, marking four consecutive sessions of gains [2] Federal Reserve Insights - The Federal Reserve's next FOMC meeting is scheduled for December 10, 2025, with a 79% probability of a quarter-percentage-point rate cut anticipated by traders [4] - The Beige Book indicated a stagnant job market and moderate inflation, with signs of softening in the labor market, further supporting rate-cut expectations [4] Corporate Developments - In the technology sector, Oracle (ORCL) shares rose by 4% following a bullish outlook from Deutsche Bank, while Nvidia (NVDA) and Microsoft (MSFT) gained 1.4% and 1.8% respectively, reflecting strong investor confidence in AI [5] - Conversely, Alphabet (GOOGL) saw a decline of 1.1%, and Deere & Company (DE) dropped 5.7% due to a negative forecast for the current year [5] - Gambling companies in the UK, including Flutter Entertainment (FLTR) and Entain (ENT), are facing challenges due to anticipated government tax increases [6][7] Upcoming Earnings Reports - The Cooper Companies (COO) is expected to report a year-over-year increase in earnings for the quarter ended October 2025 on December 4 [11] - Innocan Pharma Corporation (INNO) reported revenues of US $21.6 million for the nine months ended September 30, 2025 [11] - Wipro (WIPRO) announced a strategic alliance with the Indian Institute of Science to advance research in various AI technologies [11] - Paytm's parent company, One97 Communications, received approval from the Reserve Bank of India to operate as a payment aggregator [11] - Asian Paints (ASIANPAINT) plans to invest approximately ₹340 crore in a new paint manufacturing facility in the UAE [11] - Studds Accessories reported a 17.9% rise in quarterly profit and approved a new warehouse in Spain for European distribution [11] - Samvardhana Motherson International (SAMI) saw a 2.55% rise in intraday trading, reaching a high of ₹114.65 [11]