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The US stock markets started the week on strong positive momentum following progress in the Senate on the funding bill, which is expected to end the 40-day government shutdown. Eight Democrats supported the initiative despite party leadership’s stance, though the final vote in the House of Representatives is still ahead.

By Monday’s close, the Dow Jones Index (US30) rose by 0.81%. The S&P 500 Index (US500) gained 1.54%. The Nasdaq (US100) closed higher at 2.27%. Growth was led confidently by technology companies linked to artificial intelligence: Nvidia climbed 5.8%, Palantir 8.8%, AMD 4.5%, and Micron 6.5%. Investors returned to high-growth potential assets. Nevertheless, the shutdown remains a source of uncertainty: it delays the release of key economic data and carries risks of disrupting congressional decisions. Any new obstacles in the House could trigger volatility and dampen market sentiment.

European stock markets also rose yesterday. Germany’s DAX (DE40) gained 1.65%, France’s CAC 40 (FR40) closed up 1.32%, Spain’s IBEX 35 (ES35) rose by 1.77%, and the UK’s FTSE 100 (UK100) closed positive 1.08%. Optimism was reinforced by corporate news. Commerzbank shares jumped 6.2% after Deutsche Bank analysts upgraded their recommendation to “Buy”. Siemens Energy showed a similar reaction, with shares rising 4.6% following an upgrade from Jefferies.
WTI crude oil prices are trading around $60 per barrel. Concerns about a potential global surplus dominate. OPEC+ continues to ease production restrictions, while output from non-cartel countries is rising, adding pressure on prices. As a result, oil remains range-bound: investors await new supply and demand data, and any shift in tone from OPEC or the IEA could move prices from current levels.

The US natural gas prices (XNG/USD) held around $4.3 per MMBtu on Monday, near the highest levels since March, supported by strong export demand and record LNG plant utilization. Deliveries to major export terminals average over 17.4 billion cubic feet per day and are likely to continue rising amid Europe’s shift away from Russian gas and long-term contracts in Asia.

This week, silver (XAG/USD) rose more than 5%, approaching $51 per ounce on expectations of an imminent Fed rate cut. Data points to economic weakness: in October, job numbers declined, especially in government and retail, while consumer sentiment in early November fell to its lowest in 3.5 years. The probability of a Fed rate cut of 25 bps in December is estimated at around 64%, while board member Stephen Miran suggested a larger 50 bps cut could be possible, given slowing inflation and rising unemployment.

Asian markets also rose yesterday. Japan’s Nikkei 225 (JP225) gained 1.26%, China’s FTSE China A50 (CHA50) fell by 0.31%, Hong Kong’s Hang Seng (HK50) added 1.55%, and Australia’s ASX 200 (AU200) closed 0.75% higher.

The New Zealand dollar is trading near a 7-month low amid weak inflation expectations, reinforcing projections of policy easing. The two-year inflation outlook remained at 2.28%, while the one-year measure rose only to 2.39%, staying within the RBNZ’s target. This signals that price pressures are likely to remain moderate in the coming months. The survey also showed most participants expect a rate cut at the end-of-month meeting. The market is pricing in a 25 bps cut to 2.25%.

• S&P 500 (US500) 6,832.43 +103.63 (+1.54%)
• Dow Jones (US30) 47,368.63 +381.53 (+0.81%)
• DAX (DE40) 23,959.99 +390.03 (+1.65%)
• FTSE 100 (UK100) 9,787.15 +104.58 (+1.08%)
• USD Index 99.62 +0.02% (+0.02%)
   

News feed for: 2025.11.11

• Australia NAB Business Confidence (m/m) at 02:30 (GMT+2);
• UK Average Earnings Index (m/m) at 09:00 (GMT+2);
• UK Claimant Count Change (m/m) at 09:00 (GMT+2);
• UK Unemployment Rate (m/m) at 09:00 (GMT+2);
• Eurozone ECB President Lagarde Speaks at 10:20 (GMT+2);
• German ZEW Economic Sentiment (m/m) at 12:00 (GMT+2);
• Eurozone ZEW Economic Sentiment (m/m) at 12:00 (GMT+2).

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