Core Viewpoint - JP Morgan and Goldman Sachs have adjusted their interest rate forecasts, now predicting a quarter-point cut by the Federal Reserve after its upcoming meeting on December 9-10 [1][2]. Group 1: JP Morgan's Shift in Outlook - JP Morgan has reversed its earlier stance of pausing rate cuts until January, influenced by recent comments from central bank officials [2]. - Chief U.S. economist Michael Feroli indicated that the latest communications from the Fed increase the likelihood of a rate cut in the near term [2]. - The bank had previously retracted its December forecast due to volatility in September's job data but has now reinstated its outlook [3]. Group 2: Goldman Sachs' Agreement - Goldman Sachs has aligned with JP Morgan's revised forecast, suggesting that previous employment reports may have solidified the expectation of a 25 basis points cut [3]. Group 3: Fed Officials' Signals - New York Fed President John Williams has indicated that current monetary policy is "modestly restrictive" and sees potential for further adjustments to achieve a neutral stance [3]. - Williams noted that inflation has stalled around 2.75%, while the labor market has returned to pre-pandemic conditions, with increased downside risks to employment [4]. Group 4: Market Sentiment - Market sentiment reflects a strong belief in a rate cut, with traders pricing in an approximately 84.7% chance of a cut according to CME Group's FedWatch tool [5]. - Despite some internal disagreements within the Fed, the consensus appears to favor a standard cut to mitigate economic harm [6]. Group 5: Market Reactions - Following the Thanksgiving holiday, major indices such as Dow Jones, S&P 500, and Nasdaq 100 saw positive trading, with the SPDR S&P 500 ETF Trust (SPY) up 0.69% and Invesco QQQ Trust ETF (QQQ) up 0.88% [6][7].

Market Overview - Bitcoin traded around $90,600 to $91,400, with a recent peak of approximately $91,800, indicating a tight trading range [1] - Global equity markets are on track for their best week since June, driven by expectations of Federal Reserve interest rate cuts [2][5] - Asian equities showed mixed performance, with South Korea and Japan indexes declining while Australia saw slight gains [4] Federal Reserve Expectations - Futures markets indicate an 80% to 85% chance of a quarter-point interest rate cut next month, with expectations for three reductions by the end of 2026 [5] - Recent jobs data and comments from Fed officials have strengthened the case for a potential rate cut in December [7][8] Cryptocurrency Market - US spot Bitcoin ETFs are experiencing slower inflows compared to earlier in the year, but still maintain a positive trend [9] - Current cryptocurrency market cap stands at $3.18 trillion, with Bitcoin at $90,868, Ether at $3,001, and XRP at $2.17, reflecting slight declines [10] China Market Focus - JPMorgan has upgraded its view on the Chinese market to overweight, citing potential upside despite ongoing pressures in the property sector [4]

Market Overview - US stock futures showed muted performance as a holiday-shortened week and a downbeat month came to a close, with trading halted on Friday due to a data center glitch at the Chicago Mercantile Exchange (CME) [1][2] - The CME has begun to gradually restore operations after a significant outage that disrupted trading in various markets, including US Treasurys and crude oil [2][6] Trading Performance - Before the trading freeze, futures on the Dow Jones Industrial Average and S&P 500 were both up 0.1%, while contracts on the Nasdaq 100 rose 0.2% [2] - Individual stocks like Alphabet and Nvidia saw slight increases in premarket trading, indicating some resilience despite broader market concerns [2] Economic Indicators - Stocks rebounded sharply earlier in the week as traders increased bets on a potential interest rate cut by the Federal Reserve in December, which is less than two weeks away [3] - However, Wall Street indexes are facing a losing month, with a notable decline in megacap tech stocks as investors reassess the profitability of AI-driven businesses [4] Analyst Predictions - As November concludes, analysts are releasing stock market predictions for the upcoming year, with Deutsche Bank setting a target for the S&P 500 at 8,000 by the end of 2026, while HSBC and JPMorgan expect it to hover around 7,500 [5] Commodity Market - Gold is on track for its fourth consecutive monthly gain, driven by expectations of another interest rate cut in the US, with prices nearing $4,160 an ounce, up more than 2% for the week [11][12] - The halt in futures trading at CME affected liquidity in precious metals markets, leading to wider-than-usual bid-ask spreads [11] Company-Specific Updates - Oracle's stock fell over 1% due to concerns flagged by Morgan Stanley regarding credit markets, while Alphabet's stock rose 1% as attention shifted to its AI initiatives [9] - Strategy's stock rose 2% despite a recent 5% decline over the past five days, as Bitcoin prices rebounded above $90,000 [10]

Core Viewpoint - First Majestic Silver Corp. has experienced significant stock performance due to rising silver prices and strong earnings, leading to increased investor interest and a dividend announcement [1][4]. Group 1: Stock Performance - First Majestic Silver Corp. saw its stock price increase by 8.78% to close at $13.50, marking the fourth consecutive day of gains [1]. - The rise in stock price is attributed to a 3.59% increase in spot silver prices, which reached $53.32 per troy ounce, driven by optimism for an interest rate cut [1][2]. Group 2: Earnings Performance - The company reported a net income of $43 million in the third quarter, a turnaround from a net loss of $26.6 million in the same period last year [4]. - Revenues surged by 95% year-on-year, reaching $285.1 million, up from $146.1 million [4]. Group 3: Production and Sales - The record revenues were primarily driven by a 45% increase in silver equivalent payable ounces sold [5]. - There was also a 31% increase in the average realized silver price, which reached $39.03 [5]. Group 4: Dividend Announcement - First Majestic Silver Corp. is set to distribute dividends of $0.0052 per share to common shareholders on November 28, with a record date of November 14 [3].

U.S. markets are closed today for Thanksgiving, but S&P 500 futures were flat by midnight after the index closed up 0.69% yesterday, its fourth straight day of gains. Investors appear satisfied with the index’s current position, just 1% below its recent all-time high. Asian and European markets were flat or up; India’s Nifty 50 rose to an all-time high. As we head into the December holiday season, investors have good reasons to be jolly: The macro data appears to be lining up perfectly to push the U.S. Fe ...

Market Performance - The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all recorded a fourth consecutive day of gains, indicating a positive market sentiment during Thanksgiving week [1] Company Insights - Oracle shares increased approximately 4% following a recommendation from Deutsche Bank, which highlighted the recent price pullback as an attractive entry point for investors [2] - Other technology and AI-related stocks, including Nvidia and Microsoft, also experienced gains in response to Oracle's performance [2] Economic Outlook - The futures market is pricing in an 85% chance that the U.S. Federal Reserve will cut interest rates by a quarter percentage point in December, which could impact market dynamics post-Thanksgiving [3] - There is a concern that if the Fed does not meet high expectations, it could lead to a market sell-off, although some analysts believe this outcome is unlikely [4] - Optimistic targets for the S&P 500 by the end of 2026 have been suggested, with estimates ranging from 7,400 to as high as 8,000, driven by expectations of looser monetary policy [5]

Market Overview - Asian stock markets are mostly higher, driven by positive cues from Wall Street and optimism regarding interest rates following dovish comments from US Fed officials [1][2] - The Nikkei 225 Index in Japan is trading sharply higher, with gains across most sectors, particularly in technology and financial stocks [9][10] Interest Rate Outlook - Recent comments from New York Fed President John Williams and other Fed officials suggest a preference for lowering interest rates, with an 84.7% chance of a 25-basis-point cut at the Federal Reserve's December meeting, up from 30.1% a week ago [2][3] - Investor confidence is bolstered by speculation that Kevin Hassett, who supports lower interest rates, may become the next U.S. Fed Chair [3] Australian Market Performance - The S&P/ASX 200 Index is gaining, with a rise of 15.80 points or 0.18% to 8,622.30, following three sessions of gains [5] - The value of new private capital expenditure in Australia increased by a seasonally adjusted 6.4% in Q3 2025, reaching A$48.999 billion, surpassing forecasts [8] Sector Performance - In the Australian market, gold miners are performing well, with Evolution Mining gaining over 2% and Northern Star Resources up more than 1% [7] - Technology stocks in Australia are also seeing gains, with Afterpay owner Block up more than 2% and Zip surging over 5% [6] Japanese Market Highlights - The Nikkei 225 closed the morning session at 50,203.38, up 644.31 points or 1.30%, with major gains in technology stocks like Advantest and Screen Holdings [10][11] - Market heavyweight SoftBank Group is surging more than 6%, contributing to the overall positive sentiment in the Japanese market [10] Broader Asian Market Trends - South Korea's market is up 1.2%, while other Asian markets like China, Hong Kong, Singapore, and Taiwan are higher by 0.2% to 0.7% [13] - The major averages on Wall Street closed higher for the fourth consecutive session, indicating a continued upward trend [14]

Group 1: Company Overview - Autodesk Inc. (NASDAQ: ADSK) is a leading software company known for its design and engineering software, widely used in architecture, engineering, and construction industries [1] - Autodesk's stock price increased by 1.58%, or $4.58, trading between $287.11 and $297.67 in premarket trading [4] - The company has a market capitalization of approximately $62.99 billion, with a high of $329.09 and a low of $232.67 over the past year [4] Group 2: Market Context - The broader market context is favorable for Autodesk, with U.S. stock futures on an upward trend during a holiday-shortened week [2] - There is an 84.9% probability of a rate reduction in December, which could benefit companies like Autodesk by reducing borrowing costs and encouraging investment [3] - Major indices showed gains, indicating strong investor interest, with Autodesk's trading volume on the NASDAQ reaching 2,327,384 shares [5] Group 3: Analyst Outlook - UBS set a price target of $400 for Autodesk, suggesting a potential upside of 35.86% from its current trading price of $294.43 [1][6] - The positive momentum in the broader market and anticipation of a December interest rate cut could benefit Autodesk [6]

Group 1 - Mortgage rates have decreased slightly, with the average 30-year mortgage rate at 6.23%, down from 6.26% the previous week, and the average 15-year mortgage rate at 5.51%, down from 5.54% [1][5] - The 10-year Treasury yield, which influences mortgage rates, has been declining as expectations for a Federal Reserve rate cut in December increase [2][3] - There is growing consensus for a December rate cut, with traders estimating an 83% chance of a 25 basis-point cut at the Fed's meeting on December 9-10 [3] Group 2 - Job losses at private employers have accelerated, indicating a weakening labor market, which is contributing to the expectation of a rate cut [3] - Mortgage applications for home purchases increased by 8% compared to the previous week, indicating a slight resurgence in buyer interest due to lower mortgage rates [5] - Contract signings for homes rose by 1.9% in October from the previous month, reflecting improved market activity [5]

Market Overview - The cryptocurrency market capitalization increased by 0.6%, reaching approximately $3.1 trillion, with 80 of the top 100 coins recording price increases [4][5] - Bitcoin (BTC) is trading at $87,788, reflecting a 0.2% rise, while Ethereum (ETH) is at $2,938, up by 1.1% [4][11] Bitcoin Analysis - BTC has struggled to reclaim the $90,000 level for an extended period, with market participants expressing surprise at the duration of this struggle [4][6] - The seven-day trading range for BTC is between $82,175 and $92,570, with a weekly decline of 3.4% and a monthly drop of 30.3% from its all-time high of $126,080 [11][12] - Investors are closely monitoring whether BTC can break through the $88,000 level, which could lead to further gains towards $90,500 and $93,000 [11] Ethereum Insights - ETH is hovering just below the $3,000 mark, with a psychological barrier noted between $2,900 and $3,000 [9] - The coin has experienced a 30.1% decline from its all-time high of $4,946, with a recent trading range between $2,680 and $3,095 [12] - A firm hold above the $2,980 level could propel ETH towards $3,000 and higher [12] ETF Inflows - US BTC spot ETFs recorded inflows of $128.64 million, bringing total net inflows to $57.61 billion [13][15] - ETH ETFs also saw inflows of $78.58 million, increasing total net inflows to $12.81 billion [15][16] - Texas has invested $5 million in BlackRock's spot Bitcoin ETF, with plans for an additional $5 million purchase [16] Market Sentiment - The crypto market sentiment remains in the extreme fear zone, with a fear and greed index reading of 15 [12][13] - Analysts suggest that the upcoming December could see a lull in market activity, with historical data indicating low movement during this month [6][7]