ASIA/PACIFIC
-Australian stocks closed in the red on Friday as banks and property stocks weighing on the market.
-Major Asian markets traded mixed as South Korea’s industrial production growth fell 0.3% last month and Tokyo’s headline inflation rate come in at 2.6% in November.
-Shares in India’s Adani Group climbed further with Adani Green Energy, the company in the eye of the U.S. indictment storm, jumping as much as 19% on the back of the group’s statement refuting bribery charges against its billionaire chairman, Gautam Adani.
. EUROPE
-Major European stock markets closed higher amid expectations of further rate cuts by central banks despite data showing eurozone inflation rising from 2% in October to 2.3% in November.
-German unemployment rate up stood at 6.1% in November, while October’s index of import prices in Germany decreased by 0.8% compared to the corresponding month the year before.
-The European Central Bank (ECB) and Norges Bank announced an agreement for Norway to join the TARGET Instant Payment Settlement (TIPS) system, making the Norwegian krone the fourth currency available for instant settlement.
. AMERICAS
North America
-U.S. stocks moved back to the upside as trading resumed following the Thanksgiving Day holiday on Thursday.
Latin America
-Individual investors in Brazil boost portfolios to $1.3 trillion by September 2024. This represents an 11.5% increase from the end of 2023, according to data released by Anbima, Brazil’s Financial and Capital Markets Association.
. AFRICA
-Daily average forex turnover on Nigeria’s FMDQ platform, for the month of November has reached $294 million, making it the highest recorded so far this year, according to Nairametrics analysis.
-South Africa’s financial stability outlook improves, the country’s central bank said on Thursday.
-Uganda’s Ministry of Finance has confirmed a cyberattack on the country’s central bank systems but refuted claims that hackers stole as much as $17 million.
. MIDDLE EAST
-Saudi Arabia’s insurance sector is set to see more M&As Zawya reported citing Mohammed Ali Londe, Vice President – Senior Analyst at Moody’s Ratings.
-UAE’s MAIR Group, an investment firm active in sectors including food retail and commercial real estate, will list its shares on the Abu Dhabi securities exchange (ADX) on Dec. 9, 2024 the company said.
-Germany’s Delivery Hero has set the price for the IPO of its Middle Eastern unit, Talabat, at 1.60 UAE dirhams ($0.44) per share. It will raise AED 7.5 billion ($2 billion) in gross proceeds from its IPO on the Dubai financial Market (DFM).
. COMMODITIES
GOLD
Spot gold rose 0.7% to $2,660.03 per ounce, as of 0236 GMT while U.S. gold futures gained 0.8% to $2,659.70.
SILVER-PLATINUM-PALLADIUM
Spot silver added 1.1% to $30.58 per ounce, platinum gained 0.9% to $939.75 and palladium
advanced 0.9% to $984.25.
OIL
Brent crude futures fell by 7 cents, or 0.1%, to $73.21 a barrel by 0232 GMT. U.S. West Texas Intermediate crude futures were at $69.10, up 38 cents, or 0.55%.
