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Global Market Quick Take: Asia – December 6, 2023

From home.saxo

Equities mixed as bonds gained on US JOLTS miss and ECB Schnabel’s dovish comments. Crypto enthusiasm over ETF launch continued, while China markets faced further disappointment as Moody’s cut its outlook. Dollar gained further and AUD was depressed on RBA under-delivering on hawkish expectations. Gold testing key support as focus turns to US ADP employment numbers today. {tables} US Equities: Mixed equity performance underpinned by weak labor data in the US but ISM services still holding up well and in expansion. S&P 500 closed marginally lower but NASDAQ 100 pushed up by 0.2% as tech stocks were supported by ... (full story)

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  • Category: Fundamental Analysis