Group 1 - Gold stock Newmont (NEM) is experiencing three consecutive days of gains as gold prices recover from October lows [1] - Silver futures increased nearly 3% due to a weakening dollar and rising odds of a rate cut in December [1] - Copper prices also saw an upward trend on the same day [1] Group 2 - Pan American Silver is scheduled to release earnings on Wednesday afternoon [2] - Gold stocks such as Agnico Eagle and Newmont faced declines as gold prices tumbled [4] - Clean energy stocks are outperforming fossil fuels despite backlash against ESG initiatives [4]

Core Insights - U.S. equities experienced a strong performance last week, marking one of the most significant November turnarounds on record despite a shorter trading week [1] - The U.S. dollar struggled to maintain a key psychological level of 100 on the index, primarily due to the Federal Reserve signaling a potential rate cut in December [2] - Macro factors, rather than micro factors, influenced the market mood, with data easing hard-landing fears and supporting the case for easier policy [3] Market Conditions - Liquidity conditions were thin, and a significant technical incident occurred when several key futures and FX venues went offline due to a cooling failure at a CME Group data center [4][5] - The NZD/JPY pair broke out of a five-month range, closing above a key level of 89, indicating bullish momentum [6][8] - The EUR/AUD pair saw the Australian dollar recover due to rising commodity prices, with potential bearish signals if it breaks support around 1.76 [9][10] Upcoming Events - The upcoming week is critical for assessing the December rate cut narrative, with potential catalysts including high-profile U.S. data and political developments [11] - Key domestic focus will be on ISM manufacturing and services data, which could influence the Fed's reaction function [12] - Friday's Non-Farm Payroll report is expected to show a modest rebound, with implications for the rate-cut timeline and market sentiment [13]

Welcome to Yahoo Finance's flagship show, Morning Brief, presented by Robin Hood, the home to commission free trading. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures kicking off December trading in the red. Equities are sliding with risk assets after the S&P 500 barely managed to eek out a seventh straight month of gains. Crypto in particular is under pressure this morning.Bitcoin falling below $86,000 per token, bringing momentum back to the selloff that ha ...

Market Trends - Bitcoin ETFs turned positive after a $435 billion outflow in November [1] - Quantitative tightening ends on Monday, December 1st, marking the end of the Federal Reserve's two-year liquidity drain from markets [1] - The market anticipates a Federal Reserve policy pivot from restrictive to accommodative, with Bitcoin potentially reaching $90,000 [1] Monetary Policy - The Federal Reserve is expected to halt liquidity draining from markets after two years [1] - Market anticipates an 87% probability of a rate cut following Powell's speech on the same day [1] Company Performance - BlackRock's revenue from Bitcoin now exceeds that of any other product [1] - Coinbase premium is positive after a month of negative performance [1]

Economic Growth Overview - India's economy experienced a significant growth of 8.2% in the July-September period, marking a six-quarter high, driven by a surge in consumer demand and a reduction in goods and services tax (GST) [12][5][6] - The expansion was primarily led by a 9.2% growth in services and a 9.1% rebound in manufacturing [12][1] Consumer and Investment Trends - Private consumption, which constitutes nearly 60% of GDP, rose to a three-quarter high of 7.9% in the July-September period, up from 7% in the previous quarter [2][12] - Gross fixed capital formation, an investment measure, increased by 7.3%, slightly lower than the 7.8% growth in the prior quarter [2][12] - Agriculture growth was recorded at 3.5% in Q2, a slight decrease from 3.7% in Q1 [2][12] Future Growth Projections - The strong economic performance is expected to lead to upward revisions in growth estimates for FY26, with rating agency Crisil raising its forecast from 6.5% to 7% [7][12] - First-half FY26 growth was reported at 8%, an increase from 6.1% a year earlier, with gross value added (GVA) rising by 7.9% compared to 6.2% in the same period [7][12] Rural Consumption and Inflation - Strong agricultural performance and easing inflation are contributing to improved rural consumption growth, which is anticipated to continue into the first half of FY27 [8][12] - Retail inflation slowed to a record low of 0.25% in October, which, combined with strong growth, has complicated the outlook for potential rate cuts [10][12] Trade and Policy Considerations - The imposition of a 50% tariff by the US on India, including a 25% penalty for importing Russian oil, is a significant factor affecting future growth, with ongoing negotiations for a trade deal [8][12] - The GST Council's approval of a two-slab tax structure is expected to positively impact consumption by lowering taxes on various household goods [8][12]

WE'LL SHOW YOU THE S&P IS LOOKING PRETTY GOOD AS WELL. THERE'S YOUR FULL PICTURE RUSSELL UP ABOUT ONE HALF OF 1% YIELDS DOWN. AND THAT WAS PRETTY GOOD FOR STOCKS TO JOE DO YOU WANT TO YOU CAN ANSWER THE QUESTION OF WHAT YOU WANT FOR THE HOLIDAYS.I MEAN THE KIDS HAD SOME PRTY GOOD ANSWERS. YOU WANT A SANTA CLAUS RALLY. >> A SANTA CLAUS RALLY WOULD BE GOOD.AND I THINK IT LOOKS IT LOOKS A LOT LIKE WE'RE POTENTIALLY GOING TO GET IT. WE'VE REVERSED A LOT OF THE NEGATIVE MOMENTUM THAT GREETED US IN THE MONTH OF N ...

Economic Data - U.S. durable goods orders rose +0.5% m/m in September, core durable goods orders increased +0.6% m/m, exceeding expectations of +0.2% m/m [1] - Initial jobless claims fell by -6K to 216K, a 7-month low, compared to the expected 226K [1] - Chicago PMI fell to 36.3 in November, weaker than the expected 44.3 [1] Stock Market Performance - Wall Street's three main equity benchmarks ended in the green, with Robinhood Markets surging over +10% after acquiring a majority stake in LedgerX [2] - Chip stocks gained, with Marvell Technology climbing more than +5% and AMD rising over +3% [2] - Dell Technologies advanced more than +5% after raising its full-year revenue guidance [2] - Workday slumped over -7% due to disappointing Q3 subscription revenue [2] Futures and Options Trading - Trading of futures and options on the CME was halted due to a cooling issue at data centers, affecting U.S. Treasuries and equity futures [4] - December S&P 500 E-Mini futures were indicated up +0.10% before the technical outage [5] Federal Reserve Insights - The Fed's Beige Book indicated little change in U.S. economic activity, with some optimism among manufacturers and a slight decline in employment [6] - Rate futures priced in an 84.7% probability of a 25 basis point rate cut at the December FOMC meeting [7] European Market Updates - Euro Stoxx 50 Index down -0.02%, with bank stocks underperforming while energy and mining stocks gained [8] - French November CPI fell -0.1% m/m, while Italian GDP grew +0.1% q/q, stronger than expectations [11] Japanese Market Developments - Japan's Nikkei 225 closed slightly higher, with machinery and steel stocks outperforming [14] - Core consumer inflation in Tokyo rose +2.8% y/y, above expectations [16] - Japan's industrial production unexpectedly rose +1.4% m/m, stronger than expectations of -0.5% m/m [16] Chinese Market Trends - China's Shanghai Composite Index closed higher, led by AI-related stocks, while real estate stocks declined [13] - JPMorgan Chase upgraded its view on China's stocks to "Overweight," citing potential for gains next year [13]

LATEST: 📈 Bitcoin surged past $91,000 for the first time in a week as markets repriced the likelihood of a December Fed rate cut to 85%, triggering $241M in short liquidations, according to QCP Capital. https://t.co/fqzmvZabuf ...

Core Viewpoint - The recent price drawdown in Bitcoin is viewed as a sign of market maturation rather than the end of the cycle, with expectations of increased volatility as Bitcoin transitions to a more established market [1][2]. Market Conditions - Bitcoin's correction is seen as excessive rather than structural, with the macro environment remaining supportive despite the current volatility [2][3]. - The number of Bitcoin addresses accumulating the asset has nearly doubled since October, while exchange reserves have reached new lows, indicating improving on-chain fundamentals [3]. Price Movements - Bitcoin has fallen over 20% from its October highs, erasing nearly all year-to-date gains, which has negatively impacted the broader crypto market [4]. - The selloff has been exacerbated by macro shocks, market structure stress, and liquidity pressure [4]. Future Predictions - Analysts have differing views on Bitcoin's future price, with some predicting a potential drop to $50,000 by 2026, while others maintain a bullish outlook with targets of $150,000 to $200,000 [5][6]. Negative Catalysts - Recent negative catalysts contributing to Bitcoin's decline include the escalation of the US-China trade war, a prolonged US government shutdown, and stronger-than-expected labor data affecting Federal Reserve rate cut prospects [7]. - A historic liquidation cascade due to excessive leverage has resulted in over $19 billion in wiped-out positions, further impacting market stability [8].

SHERY: THIS IS "THE ASIA TRADE. " AVRIL: YOUR TOP STORIES THIS HOUR, BETS ON A FED RATE CUT KEEP THE GLOBAL STOCK RALLY ROLLING WITH ASIA SAID TO EXTEND TECH-LED GAINS FROM WALL STREET. JAPAN SAID TO BE PLANNING ALMOST $74 BILLION IN NEW BONDS TO FUND THE PRIME MINISTER'S STIMULUS PLANS. ALSO, THE PENTAGON BONDS ALIBABA, BYD, AND OTHER TECH GIANTS ADDED TO A LIST OF COMPANIES ALLEGEDLY AIDING THE CHINESE MILITARY. MINMIN: I MET THE SITE OF THIS FIRE BEHIND ME, THE WORST FIRE SINCE 1996. 44 PRONOUNCED DEAD A ...