Dow Futures

Dow Futures contract was up 90 points, or 0.3%, at 06:00 ET (11:00 GMT), the S&P 500 Futures contract was up 6 points, or 0.1%, and the Nasdaq 100 Futures contract was practically unchanged.

1. US futures are mainly up ahead of a shorter trading day – what’s driving markets?
2. The dollar is falling in little amounts, and the attention is on the Federal Reserve’s monetary policy.
3. US markets rise; Black Friday sales are in the spotlight
4. Novo Nordisk will invest $2.3 billion to increase weight-loss medicine production in France.
5. According to Bill Gates, artificial intelligence could enable a three-day work week.
6. The retail industry is in the spotlight as Black Friday shopping  begins.
7. Alibaba’s Taobao will replace the 12.12 shopping extravaganza with a new event, according to reports.
8. T-Mobile CEO sells shares for more than $14 million; market remains bullish
9. Apple unit sales are expected to fall 4% over the two-week Singles Day event, according to a report.
10. Tesla is willing to invest up to $2 billion to develop a manufacturing in India, but only with riders -ET
11. Nvidia delays the release of a new custom-made AI processor for China, causing its stock to fall.
12. Global equities funds are seeing inflows as investors anticipate the end of Fed rate hikes.
13. Home Depot establishes an ex-dividend date and maintains strong dividend safety
14. On a bustling Black Friday, Amazon demonstrations in Europe target warehouses and lockers.
15. As Treasury yields fall, Microsoft and its peers outperform.
16. In India, Google Pay has introduced convenience fees for UPI transactions.
17. Reports from Altium Capital Management Volcon has a 9.9% passive stake, according to an SEC filing.
18. The dollar is falling in little amounts, and the attention is on the Federal Reserve’s monetary policy.
19. Gold prices are hovering around $2,000; US PMIs are due.
20. Alpha Mind Technology Limited will be acquired by FLJ Group.
21. Shareholders of Pacwest Bancorp and Banc of California have approved a merger.
22. SpaceX intends to offer stock next month at a $150 billion valuation – NYP

GLOBAL NEWS 

1. Japan’s markets are higher at the close of trade, with the Nikkei 225 up 0.54%.
2. Australia’s equities closed higher, with the S&P/ASX 200 up 0.17%.
3. The Nifty 50 is down 0.04% at the closing of trade in India.
4. European stocks are set to rise for the week as the media and retail sectors perform well.
5. T-Mobile CEO sells shares for more than $14 million; market remains bullish
6. German house prices will continue to fall; rentals will continue to rise.In November, German business confidence improved – Ifo
7. The UK government is looking into retail investor participation in the NatWest share sale.
8. The HSBC UK mobile app was unavailable on Black Friday.
9. Virgin Australia adds Boeing MAX-8 planes as demand remains strong.
10. Germany’s GDP contracted marginally in the third quarter.
11. Nissan will invest $1.4 billion in the development of two new EV cars in the United Kingdom.
12. Barclays plans to eliminate £1 billion in costs and may lay off 2,000 people at BX.
13. Australia’s renewable energy plan complicates Origin’s $10.6 billion acquisition battle.
14. Cipla shares have dropped after an assessment revealed data irregularities.
15. Earnings at National Australia Bank improve, but the economy remains challenging.
16. Asian equities fall as economic indicators deteriorate; the Hang Seng falls.
17. With U.S. PMIs in sight, Asia FX is muted and the dollar is down.
18. Thailand expects up to 3.5 million Chinese tourists this year, which is less than the aim.
19. On a bustling Black Friday, Amazon demonstrations in Europe target warehouses and lockers.
20. Mitsubishi Heavy anticipates double its defense revenue in the next three years.
21. Japanese inflation rises as BOJ pivot bets rise.
22. Japan’s manufacturing activity falls for the sixth month in a row due to weak demand – PMI
23. Despite persistent inflationary pressures, consumer confidence in the United Kingdom rises.
24. Business activity in the Eurozone declined again in November, fueling recession fears – PMI
25. HSBC UK warns of an increase in business frauds ahead of Black Friday.
26. Austal has secured a $157 million contract for patrol boats.

Economic Data

Weekly Jobless Claims fell to 209K from 233K prior week and below consensus 226K as data pushed up a day from normal Thursday release due to Thanksgiving Day holiday; the 4-week moving average fell to 220K from 220,750 prior week and continued claims fell to 1.840M from 1.862M prior week and consensus 1.875M.

Durable goods orders for October fell (-5.45) to $279.4B, compared with the (-3.2%) decrease expected and the prior month +4.6%; excluding transportation, core durable goods orders flat vs. +0.1% consensus and +0.5% prior.

University of Michigan surveys of consumers sentiment final Nov 61.3 above consensus 60.6 and vs preliminary Nov 60.4 and final Oct 63.8; current conditions index final Nov 68.3 vs prelim Nov 65.7 and final Oct 70.6; expectations index final Nov 56.8 vs prelim Nov 56.9 and final Oct 59.3.

University of Michigan surveys of consumers 1-year inflation outlook final Nov 4.5% vs prelim 4.4% and final Oct 4.2% and the 5-year inflation outlook final Nov 3.2% vs prelim 3.2% and final Oct 3.0%.

The UK forecasts GDP to grow 0.6% this year vs. -0.2% previously and forecasts GDP to grow 0.7% next year vs. 1.8% previously

World News

Economic Calendar

9:45 AM                  S&P Global Manufacturing PMI, Nov-P

9:45 AM                  S&P Global services PMI, Nov-P

1:00 PM                   US Markets close Early

Other Key Events

 Deutsche Bank Business Services, Leisure, Transport and Retail Conference, 11/21, in London

Must read book about investing – check here

Dow Futures Dow Futures Dow Futures Dow Futures Dow Futures Dow Futures Dow Futures Dow Futures