ASIA/PACIFIC
-The Australian stock market closed in the green on Tuesday, extending gains after US economic data improved the prospects of the Federal Reserve cutting interest rates this month.
-Asian markets rose as new U.S. curbs on semiconductor exports to China proved to be less harsh than previously expected.
-South Korea’s won plunged to a fresh two-year low against the US dollar following President Yoon Suk Yeol’s declaration of martial law.
. EUROPE
-European markets traded higher as investors closely watch political upheaval in France.
-UK’s Competition and Markets Authority (CMA) is launching an inquiry into BlackRock Inc.’s acquisition of financial data firm Preqin Lt and it is inviting stakeholders to submit comments by Dec. 17.
-Annual inflation rate in Switzerland edged up to 0.7% in November from 0.6% in the previous month, but below market expectations of 0.8%, the Swiss Federal Statistical Office revealed.
. AMERICAS
North America
-U.S. stocks closed mixed amid more economic reports on the country’s performance. The Labor Department said job openings climbed to 7.744 million in October from a downwardly revised 7.372 million in September.
Latin America
-The Brazilian stock market has witnessed a significant outflow of foreign capital in 2024: By November, foreign investors had withdrawn R$32.4 ($5.4) billion from B3, Brazil’s main stock exchange.
-The Davivienda Colombia Manufacturing PMI rose to 53.4 in November 2024 from 52.3 in October, signaling the strongest improvement since January.
. AFRICA
-Nigeria’s Federal Government raises $2.2bln in Eurobond to fund 2024 budget deficit, the country’s Debt Management Office (DMO) announced.
– The total financing granted by the Egyptian capital market and non-banking financial entities stood at EGP 646.6 billion during the first nine months of 2024, according to a report by the Financial Regulatory Authority (FRA).
-Goldman Sachs is super bullish on South Africa’s inflation and interest rate cuts in 2025, Bloomberg reported.
. MIDDLE EAST
-Most Gulf stock markets ended higher, fueled by rising oil prices amid escalating tensions in the Middle East and as investors bet on OPEC+ extending its production cuts at Thursday’s meeting.
-Qatari-listed companies’ earnings rose by 7.7% in Q3 2024 to reach $3.7bn as compared to $3.5bn in Q3 2023, The Peninsula reported.
-Recent IPOs on the Muscat Stock Exchange (MSX) — notably by entities such as OQ Exploration and Production, OQ Gas Network, and Abraj Energy—have bolstered Oman’s bid for EM status, according to a new report by Oman Investment Bank (OIB).
. COMMODITIES
GOLD
Spot gold rose 0.1% to $2,640.16 per ounce by 1242 GMT, after falling as much as 1% on Monday. U.S. gold futures gained 0.2% to $2,662.80.
SILVER-PLATINUM-PALLADIUM
Spot silver added 1.1% to $30.82 per ounce, platinum rose 0.4% to $954.20 and palladium was up 0.8% at $988.75.
OIL
Brent crude futures rose $1.10, or 1.53%, to $72.93 a barrel by 9:11 a.m. ET, while U.S. West Texas Intermediate crude climbed $1.08, or 1.59%, to $69.18.
