Alternative 101, Featured Author

Stocks bounce, dollar slides with bond yields on Bessent pick – Nov 25

Posted on
by
Index Last Change % Change
trading higher

44,296.51 +426.16 0.97%Positive
trading higher

19,003.65 +31.23 0.16%Positive
trading higher

5,969.34 +20.63 0.35%Positive
Index Last Change % Change
trading higher

38,868.68 +584.83 1.53%Positive
trading lower

19,210.07 -19.90 0.10%Negative
unchanged

79,117.11

Source: LSEG, opens new tab – data delayed by at least 15 minutes

 

Fixed Income

Traders snapped up Treasuries, sending U.S. long-term yield down 7 bps to as low as 4.341%.

Equities

Asian stocks rallied with U.S. equity futures. MSCI’s broadest index of APAC ex-Japan climbed 1.6% as of 0143 GMT.
Nikkei jumped 1.6%, Kospi climbed 1.5%. Australia’s (.AXJO), rose 0.7% to record high.
Hang Seng added 0.2%, China CSI 300 eased 0.2%.

Forex

USD dropped against rivals as bond yields slid, dropped 0.7% against JPY, 0.6% versus EUR.
JPY last at 153.76. EUR at $1.0477, rebounding from Friday’s 2-year trough at $1.03315.
GBP climbed 0.5% to $1.2592 after hitting weakest since early May at $1.2475.
AUD bounced 0.6% to $0.6538, NZD slid to a 1-year low on Friday on increasing bets on a dovish central bank, jumped 0.5% to $0.5865.
Bitcoin ticked up to $97,511. On Friday, it peaked at $99,830 amid expectations of friendly regulatory environment under Trump.

Commodities

Crude near 2-week highs as geopolitical tensions heightened between Western powers and major oil producers.
Brent climbed 0.2% to $75.30, US crude at $71.38, up 0.2%.
For mroe news visit Reuters.com