Markets surge despite tech sector shake-up United States (US) stock markets finished higher on Friday, buoyed by growing confidence that the Federal Reserve (Fed) will cut rates at its 10 December Federal Open Market Committee (FOMC) meeting. In a holiday-shortened week, the Nasdaq 100 surged 4.93%, the S&P 500 gained 3.73%, and the Dow Jones added 1,471 […]

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The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to maintain oil output levels unchanged for the first quarter of 2026, Reuters reported. Additionally, OPEC+ said in a statement that the group had approved a mechanism to assess members’ maximum production capacity to be used for setting output baselines from 2027, against which members’

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Sun: Opec-8 Meeting Mon: South Korean Prelim Trade Balance (Nov), Chinese RatingDog Manufacturing PMI Final (Nov), EZ/UK/US Manufacturing PMI Final (Nov), US ISM Manufacturing PMI (Nov), South Korean CPI (Nov) Tue: EZ Flash CPI (Nov), South Korean GDP Revised (Q3) Wed: Australian Real GDP (Q3), Chinese RatingDog Services/Composite PMI Final (Nov), EZ/UK/US Services/Composite PMI Final

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EUR/USD steadies during Friday’s North American session set to finish the week and November’s in positive territory with gains o 0.81% and 0.59%, respectively as traders seem certain that the Federal Reserve will cut rates in December. The pair trades at 1.1601 after bouncing off daily lows of 1.1555. Euro ends week and month higher

The week is technically over, but the weekend carries heavy weight for APAC traders, who will have to monitor the Asian giants before markets reopen. Saturday night turns the eyes towards China, with the release of the NBS Manufacturing & Non-Manufacturing PMIs (21:30 ET). These figures are critical for gauging the health of the world’s

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The USD was mostly lower with the exception being the GBP (USD up a modest 0.05%). A snapshot of the changes of the USD vs the major currencies as US traders head home early for the weekend shows: EUR -0.04% GBP +0.05% JPY -0.10% CHF -0.19% CAD -0.36% AUD -0.21% NZD -0.10% The big mover

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After a quarter severely impacted by trade tensions, the Canadian economy returned to growth in Q3 with an annualized increase of 2.6%, surprising economists by a wide margin. Trade data was the main driver of this volatility, significantly boosting growth in the third quarter after holding it back in the second, National Bank of Canada