Micro E-mini Equity Index Futures Surpass 3 Billion Contracts Traded
Trump Trade Reaches a Climax. Momentum May Extend Into Inauguration Day
Nasdaq, S&P hit new highs, French stock and bond yields fluctuate and rise, Euro once fell more than 1%, Dollar rose.
On the first trading day of December, Cyber Monday shopping amounts will break records, with the Nasdaq and Chinese concept stocks rising about 1%, and the chip index leading with a 2.6% increase, while the Dow fell from its peak. Tesla soared over 4% during the day, intel rose nearly 6% before turning negative, super micro computer surged nearly 29%, and Xpeng autos climbed over 5%, but Li Auto dropped nearly 4%. The French government faces a vote of no confidence, causing French stocks to briefly fall over 1%, and the spread between French and German government bond yields approached the widest in twelve years. US henry hub natural gas fell over 4%, the indian rupee hit a new low, and the offshore yuan dropped over 400 points, falling below 7.29 yuan.
Stocks End November With a Bang. Next Up: A Santa Claus Rally?
11/29 [Strengths and Weaknesses Materials]
[Bullish and Bearish Materials] Bullish materials: The Nikkei average is rising (38,349.06, +214.09) • Active share buyback • Requests from the Tokyo Stock Exchange for corporate value enhancement • Expectations for additional economic measures. Bearish materials: 1 dollar = 151.50-60 yen • The Nikkei futures in Osaka night trading have fallen (38,300, -80) • Prolonged fighting in Ukraine and Israel • Concerns about an economic downturn in china. Points to note: Tokyo metropolitan area consumer price index (November) • Effective job openings to applicants ratio (October) • Unemployment rate (October) • Retail revenue (October)
11/28 [Strong and Weak Materials]
[Bullish and Bearish Factors] Bullish factors: VIX index remains unchanged (14.10, 0) ; US long-term interest rates are declining ; Active share buybacks ; Requests from the Tokyo Stock Exchange for enhanced corporate value. Bearish factors: Nikkei average is down (38134.97, -307.03) ; Dow Jones Industrial Average is down (44722.06, -138.25) ; NASDAQ Composite Index is down (19060.48, -115.10) ; 1 dollar = 151.00-10 yen ; Chicago Nikkei futures are down (37810, -290) ; SOX index is down (48.
