Thapana Onphalai/iStock via Getty Images By Russell Beattie Asia Pacific is playing an increasingly important role in the global economy and is expected to contribute around 60% of global growth in both 2025 and 2026, according to the International Monetary Fund. Asian economies such as China, Japan, and India now account for three of the top five countries in the World Bank’s global nominal GDP rankings. The combination of the region’s ongoing economic importance, developing financial markets, and regu ...

One of the first signs of trouble arrived at 9:41 p.m. Eastern time on Thursday, when most of Wall Street was shut and traders were still enjoying the Thanksgiving holiday in the US.“Due to technical issues,” CME Group Inc. said in a one-line email to clients, its futures and options “markets have been halted.”The problem, it turned out, was the cooling system at a data-center complex in the suburban town of Aurora, Illinois, some 50 miles (80 kilometers) from Chicago, which serves as the main hub for trill ...

Core Points - Trading across the majority of the Chicago Mercantile Exchange (CME) markets was halted due to a cooling issue at a partner's data center [1][3] - The issue was resolved by around 8:20 a.m. ET, with trading resuming at 7:30 a.m. local time for futures and options [2][3] - The halt had the potential to cause substantial issues across global financial markets, given CME's status as the world's largest exchange operator by market value [2] Summary by Sections Trading Halt - A cooling problem at CyrusOne data centers led to a halt in trading across many CME markets [1][3] - The halt occurred on a Friday, which is typically a thinner trading day due to the holiday season [3] Resolution and Impact - By 8:20 a.m. ET, CME announced that markets were open and trading had resumed [2] - The resumption of trading could lead to greater volatility during the shortened session due to thinner holiday trading conditions [3]

US stocks made small gains on Friday as a holiday-shortened week and volatile month drew to a close. The blue-chip Dow Jones Industrial Average (^DJI) led the market higher on Black Friday, gaining around 0.6% through mid-morning trading. The tech-heavy Nasdaq Composite (^IXIC) and generalist S&P 500 (^GSPC) rose by roughly 4%. Earlier in the day, the Chicago Mercantile Exchange restored trading operations after a long outage disrupted live trading in futures and options across several markets worldwide ...

US stocks opened muted on Friday as a holiday-shortened week and downbeat month drew to a close and as the Chicago Mercantile Exchange resumed trading following a data center glitch. The tech-heavy Nasdaq Composite (^IXIC) led stocks lightly upward on Black Friday, gaining around 0.4% in the first minutes of trading. The generalist S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) both rose by a bit more than 0.2%. The CME Group restored operations after a long outage disrupted live trading in futu ...

LIVE Stock Futures Rise After Trading Halted by Data Center Issue Last Updated: 41 min ago Customer Service CME to Reopen Futures, Options Trading After Halt Caused by Data-Center Issue By Adria Calatayud, Dow Jones Newswires CME Group said it would reopen futures and options trading after an hourslong glitch at a data center prompted it to halt exchanges across asset classes. The exchange operator said Friday that its CME Globex Futures & Options markets would open as of 0830 ET. The move follows earlier r ...

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]

CONCLUDED Stocks End in Green to Close an Ugly November Last Updated: 9 hours ago CME Outage Causes Thin Liquidity in Forex, Bonds. Trade Could Be Choppy. On currency markets, analysts also reported that forex trading on the EBS platform—a wholesale electronic trading platform for foreign exchange that is part of CME Group—was affected by the outage. Topics Memberships Subscribe to Barron's Tools Customer Service Customer Center By Jessica Fleetham, Dow Jones Newswires Currencies and bonds are trading but l ...

Core Insights - Penn Capital Management Company sold 1,615,590 shares of BGC Group, reducing its position by approximately $17.1 million, which reflects a strategic adjustment rather than a negative outlook on the sector [2][3][9] Company Overview - BGC Group, Inc. is a financial brokerage and technology provider with a market capitalization of $4.1 billion and revenue of $2.7 billion over the trailing twelve months (TTM) [5][6] - The company reported a net income of $165.8 million (TTM) and has a diversified product suite across multiple asset classes, including fixed income, equities, and commodities [5][8] Recent Performance - BGC Group's third-quarter revenue reached a record $736.8 million, marking a 31% year-over-year increase, with significant growth in energy, commodities, and shipping sectors [10] - The company's U.S. Treasury market share increased to a record 37%, and adjusted EBITDA rose to $167.6 million [10] Investment Positioning - Following the sale, Penn Capital's remaining stake in BGC Group is valued at $5.9 million, representing 0.5% of its reportable assets, down from 2% in the previous quarter [4][11] - The reduction in position indicates a valuation-sensitive approach by Penn Capital, while BGC Group's fundamentals remain strong [9][11]

Core Insights - Intercontinental Exchange (ICE) is expected to report a revenue increase of approximately 3% year-over-year to $2.41 billion and earnings of about $1.61 per share, reflecting a significant rise from the previous year [1] - The company has a current market capitalization of $90 billion, with total revenue over the past twelve months at $13 billion, operating profits of $4.8 billion, and net income of $3.0 billion [2] - Recent growth has been driven by heightened futures and options activity, particularly due to volatility in energy markets and increased interest in rate products as market participants adjust to changing monetary policies [1][2] Earnings Performance Analysis - Historical data shows that there have been 20 earnings data points over the last five years, with 8 positive and 12 negative one-day returns, resulting in a positive return rate of approximately 40% [6] - The median of the positive one-day returns is 2.6%, while the median of the negative returns is -1.0% [6] - The correlation between short-term and medium-term returns post-earnings can provide insights for traders, particularly if a strong correlation exists between 1D and 5D returns [7] Peer Comparison - The performance of peer companies can influence the stock's reaction following earnings announcements, with price adjustments potentially occurring before the earnings release [8] - Historical data comparing ICE's post-earnings performance against peers indicates that market dynamics can affect stock reactions [8]