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Rate cut bets boost stocks, BTC breaks $100,000 – Dec 5

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Index Last Change % Change
trading higher

45,014.04 +308.51 0.69%Positive
trading higher

19,735.12 +254.21 1.30%Positive
trading higher

6,086.49 +36.61 0.61%Positive
Index Last Change % Change
trading higher

39,493.19 +216.80 0.55%Positive
trading lower

19,542.96 -199.50 1.01%Negative
trading higher

81,118.22 +161.89 0.20%Positive

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

Fixed Income

US 10-year Treasury yields fell 3 bps to 4.182%, steady in Asia trade

Equities

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab was flat in morning trade as selling in Hong Kong offset gains in Australia and Japan. Japan’s Nikkei (.N225), opens new tab rose about 0.6% to hit a three-week high.
Hong Kong’s Hang Seng (.HSI), opens new tab fell around 1%.
The closely watched U.S. ISM survey showed services sector activity slowed in November after posting big gains in recent months.

Forex

USD tracked U.S. yields lower, although not by much.
EUR pinned at $1.0520 by political turmoil in France.
JPY at 150.31, retraced recent gains and expectations for Dec a rate hike unwound
AUD at $0.6420, heaviest fall in month on Wed following weaker-than-expected growth data.

Bitcoin hit $100,000 in Asia morning, last at $101,300.

Commodities

Expectations of Chinese stimulus supported iron ore prices, while oil inched higher ahead  OPEC+ meeting later in the day.
Brent rose 0.2% to $72.42. Gold steadied at $2,649.
For more news visit Reuters.com