ASIA/PACIFIC
-The Australian stock market declined for a second day, following the broadly negative cues from Wall Street overnight.
-Asian markets closed mixed with all eyes on China which is kicking off its annual economic work conference to outline its economic policies and growth targets for next year.
-Indian central bank leadership reshuffle sparks rate cut speculation, Nikkei Asia has reported.
. EUROPE
-European stock markets closed higher with investors reacting positively to U.S. consumer price inflation data, which came in line with expectations
-Zara-owner Inditex started the trading session on Wednesday losing 6%, despite strong 9M results.
-The Bucharest Stock Exchange (BVB) announced on Tuesday (Dec. 10) it is exploring options for creating a stock exchange in Chisinau, together with the Moldovan state and other partners from the neighbour country.
. AMERICAS
North America
– U.S. stocks moved mostly higher during trading after the latest inflation figures showed annual inflation now stands at 2.7%, up from October’s 2.6%.
Latin America
-Argentina ends deficit for first time in 123 years President Milei announced.
-Bank of America’s latest report signals rough waters ahead for Latin American markets in 2025.
. AFRICA
-Egypt annual inflation rate dipped to near two-year low of 25.5% in November, data from statistics agency CAPMAS showed.
-Forex crisis: “You can only operate between 8am and 6pm” – Association of Bureau De Change Operators of Nigeria (ABCON) to BDC operators.
-South Africa’s Agbiz/IDC Agribusiness Confidence Index (ACI) increased by 10 points from Q3 to 58 in Q4.
. MIDDLE EAST
-Most stock markets in the Gulf region ended mixed in line with their Asian peers.
-BlackRock is open to cornerstone investments in Middle East IPOs, Ben Powell, Chief Middle East & APAC Investment Strategist for BlackRock Investment Institute (BII), told Zawya on the sidelines of Abu Dhabi Finance Week.
-Talabat shares which began trading on the Dubai Financial Market (DFM) on Tuesday opened at 1.70 dirhams ($0.46) versus its IPO price of AED 1.60
. COMMODITIES
GOLD
Spot gold was up 0.2% at $2,698.47 per ounce, as of 0253 GMT while U.S. gold futures rose 0.6% to $2,734.70.
SILVER-PLATINUM-PALLADIUM
Spot silver added 0.1% to $31.93 per ounce, platinum gained 0.5% to $947.55 and palladium rose 0.7% to $975.19.
OIL
Brent crude futures gained 10 cents, or 0.14%, to $72.29 a barrel by 0131 GMT, while U.S. West Texas Intermediate crude futures rose 9 cents, or 0.13%, to $68.68.
