🗞️ Market Recap (Thu 11 Dec) | Who are the winners?
🗞️ U.S. Post Market Overview
| Type | Session | Pct | Points | Last | Previous | Trend |
| 🇺🇸 Dow 30 | Thu | 1.34% | 646.26 | 48,704.01 | 48,057.75 |  |
| 🇺🇸 Nasdaq | Thu | -0.25% | -60.30 | 23,593.86 | 23,654.16 |  |
| 🇺🇸 S&P 500 | Thu | 0.21% | 14.32 | 6,901.00 | 6,886.68 | |
| 🇺🇸 Russell 2000 | Thu | 1.21% | 31 | 2,590.61 | 2,559.61 | |
| 🪙Gold | Thu | -0.03% | -1.1 | 4,311.90 | 4,313.00 | |
| 🪨 Silver | Thu | -0.97% | -0.63 | 63.97 | 64.59 | |
| 🛢️Crude Oil | Thu | 0.54% | 0.31 | 57.91 | 57.60 | |
| 🇺🇸 10-Yr Treasury Note | Thu | -0.55% | -0.02 | 4.14 | 4.16 | |
| ₿ Bitcoin | Thu | 0.64% | 588.13 | 92,622.57 | 92,034.45 | |
From the US
During Thursday’s trading session, U.S. stocks exhibited uncertainty as Wall Street indices closed with mixed results. The Nasdaq Composite fell by 60.30 points, recording a 0.25% decline to end at 23,593.86, signalling some pressure on tech stocks. Conversely, the Dow Jones Industrial Average rose significantly, gaining 646.26 points, marking a 1.34% increase to close at 48,704.01, which suggests positive trading in industrials and value stocks. The S&P 500 also experienced a modest uptick, closing with an addition of 14.32 points, or a 0.21% increase, bringing it to 6,901.00. This mixed performance reflects the broader market uncertainties amid the current economic backdrop.
Investor sentiment appeared mixed as the market continued to process recent economic data. Specifically, U.S. Initial Unemployment Insurance Claims rose to 236,000 for the week ending December 6, compared to the previous figure revised to 192,000. The labor market dynamics are a crucial factor investors are considering as they gauge the economic recovery’s strength. Meanwhile, as there are no significant U.S. economic announcements scheduled for Friday, attention may turn to Fed’s Paulson’s speech later in the day, which could provide further insights into monetary policy and economic forecasts.
On the corporate front, some stocks showed particular activity. Notably, Planet Labs PBC saw its share price surge by 35.01% to settle at 17.47, as the market reacted positively to developments concerning the company. Perpetua Resources Corp also experienced a strong performance, as its stock rose by 13.42% to 29.15. Conversely, some stocks saw declines, with Wave Life Sciences Ltd falling by 17.2% to 16.75, and Polestar Automotive Holding UK PLC Class A ADS dropping by 14.88% to 12.01, indicating varying investor confidence across sectors.
The market outlook remains cautiously optimistic, with potential volatility stemming from economic data releases and earnings. While the favorable movement in the Dow suggests positive momentum, increased jobless claims could weigh on investor sentiment going forward. Additionally, upcoming speeches from Federal Reserve officials may provide essential guidance on inflation and interest rate trajectories, which remain key considerations for future market direction. Investors will likely keep a watchful eye on economic policies and international developments which could impact trade and economic stability. Overall, while there are challenges, there remains potential for growth as markets adjust to ongoing economic conditions.
Wall Street Top Gainers, Losers and Active Stocks
Top two gainers in the last trading session include Planet Labs PBC (PL) as the stock surged 35.01% to 17.47 while Perpetua Resources Corp (PPTA) added 13.42% to 29.15.
Losers include Wave Life Sciences Ltd (WVE), erasing -17.2% from its share price to 16.75 and Polestar Automotive Holding UK PLC Class A ADS (PSNY) dropped -14.88% to 12.01.
Elsewhere, most active counters were NVIDIA Corporation (NVDA), BigBearai Holdings Inc (BBAI) and Oracle Corporation (ORCL).
🌏 Asia Markets
| Type | Session | Pct | Points | Last | Previous | Trend |
| 🇦🇺 ASX All Ordinaries | Fri | 0.85% | 75.70 | 8,953.20 | 8,877.50 | |
| 🇦🇺 S&P/ASX 200 | Fri | 0.84% | 72.4 | 8,664.40 | 8,592.00 | |
| 🇭🇰 Hang Seng | Thu | -0.04% | -10.27 | 25,530.51 | 25,540.78 | |
| 🇲🇾 FTSE Bursa Malaysia | Thu | 0.7% | 11.22 | 1,625.39 | 1,614.17 | |
| 🇳🇿 NZX 50 | Fri | 0.53% | 70.85 | 13,466.72 | 13,395.87 | |
| 🇯🇵 Nikkei 225 | Thu | -0.9% | -453.98 | 50,148.82 | 50,602.80 | |
| 🇵🇭 PSE Index | Thu | 0.64% | 38.29 | 5,998.23 | 5,959.94 | |
| 🇸🇬 Straits Times Index | Thu | 0.2% | 8.93 | 4,520.83 | 4,511.90 | |
| 🇮🇳 NIFTY 50 | Wed | 0.16% | 30.8 | 19,814.20 | 19,783.40 | |
| 🇨🇳 SSE Composite | Thu | -0.93% | -36.2 | 3,873.32 | 3,909.52 | |
🌏 From Asia and Europe
The financial markets presented a mixed picture with variances seen across different regions. In Japan, the Nikkei 225 declined by 0.9%, ending the session at 50,148.82 points, down from the previous day. Meanwhile, in Europe, the DAX in Germany experienced a gain, closing 0.68% higher at 24,294.61 points, while the FTSE 100 in the UK also increased by 0.49% to reach 9,703.16 points. The positive shifts in the European markets can be associated with Germany’s improved trade balance in October. Conversely, Australia’s economic data revealed some strain, with a static unemployment rate at 4.3%, a drop in full-time employment by 56.5K, and a decreased participation rate. Part-time employment showed some recovery, while the overall employment change faced a sharp decline.
Looking forward, the mixed results in these financial markets are likely to continue, influenced by global economic indicators and domestic factors. In Japan, the ongoing challenges might pressurize the Nikkei 225 if local economic conditions don’t improve. Europe’s strong performance, especially in Germany, suggests a positive momentum that could persist if economic fundamentals remain robust, supporting indices like the DAX and FTSE 100. However, caution is warranted given economic uncertainties. Australia’s employment figures indicate a potential cooling down, which may weaken market sentiment unless mitigated by policy measures. Overall, the global economic environment remains volatile, with market trends subject to rapid changes spurred by economic data, policy changes, and geopolitical developments. Investors are likely to stay watchful, with a focus on key indicators to gauge future market directions.
🇪🇺 Europe and UK 🇬🇧
| Type | Session | Pct | Points | Last | Previous | Trend |
| 🇬🇧 FTSE 100 | Thu | 0.49% | 47.63 | 9,703.16 | 9,655.53 | |
| 🇬🇧 FTSE 250 | Thu | -0.06% | -12.61 | 21,818.36 | 21,830.97 | |
| 🇬🇧 AIM | Thu | -0.01% | -0.05 | 746.57 | 746.62 | |
| 🇫🇷 CAC 40 | Thu | 0.85% | 67.98 | 8,090.67 | 8,022.69 | |
| 🇩🇪 DAX | Thu | 0.68% | 164.47 | 24,294.61 | 24,130.14 | |
| 🇩🇪 MDAX | Thu | 0.56% | 165.79 | 29,898.44 | 29,732.65 | |
| 🇩🇪 TecDAX | Thu | -0.07% | -2.42 | 3,566.09 | 3,568.51 | |
| 🇩🇪 SDAX | Thu | 0.11% | 17.9 | 16,837.09 | 16,819.19 | |
| 🇨🇭 Euro Stoxx 50 | Thu | 0.92% | 52.69 | 5,760.81 | 5,708.12 | |
💵 Forex Markets
| Performance after Tuesday | |||||
| Symbol | Day | Week | Month | Last | Momentum |
| 🇪🇺 🇺🇸 EURUSD | -0.09% | -0.15% | 0.26% | 1.16250 |  |
| 🇬🇧 🇺🇸 GBPUSD | -0.16% | -0.25% | 0.45% | 1.32960 | |
| 🇺🇸 🇯🇵 USDJPY | 0.6% | 0.98% | 0.45% | 156.86 | |
| 🇺🇸 🇨🇦 USDCAD | -0.06% | 0.22% | -0.91% | 1.38460 | |
| 🇦🇺 🇺🇸 AUDUSD | 0.27% | 0.05% | 1.42% | 0.66400 |  |
| 🇳🇿 🇺🇸 NZDUSD | 0.09% | 0.12% | 0.8% | 0.57800 | |
| 🇺🇸 🇨🇭 USDCHF | -0.05% | 0.21% | 0.3% | 0.80610 | |
🌐 In Other Markets
🪙Gold is down by -0.03% (-1.1 USD an ounce) to 4,311.90 USD an ounce as on Thu. Previous day close was 4,313.00.
🪨 Silver is down by -0.97% (-0.63 USD an ounce) to 63.97 USD an ounce as on Thu. Previous day close was 64.59.
🛢️Crude Oil is up by 0.54% (0.31 USD per barrel) to 57.91 USD per barrel as on Thu. Previous day close was 57.60.
On Thu, 🇺🇸 10-Yr Treasury Note ended the day trading session down by -0.55% (-0.02 basis points) lower to 4.14. Previous day close was 4.16.
₿ Bitcoin is up by 0.64% (588.13 USD) to 92,622.57 USD as on Thu. Previous day close was 92,034.45.
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