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Market Review

US:

U.S. stocks closed higher to record their sixth gain in seven sessions in muted trading on Tuesday, buoyed by gains in technology shares as expectations the Federal Reserve will cut interest rates next week remain elevated.

Asia:

Asian stocks traded within tight ranges early on Wednesday, mirroring similar moves on Wall Street, as investors awaited fresh catalysts while a rebound in cryptocurrencies lost steam.

India:

The Indian equity benchmark indices, tanked in trade on Tuesday primarily due to selling pressure in prominent bank stocks and Reliance Industries, alongside continued foreign fund outflows. The market is expected to open on a flattish note and likely to witness range bound move during the day.

Global economy:

South Korea’s economy expanded by 1.3% in the third quarter, faster than the bank’s earlier estimate of 1.2%. It was the fastest quarterly growth since the fourth quarter of 2021, when the economy grew by 1.6%. On an annual basis, gross domestic product increased 1.8% in the third quarter, also better than the advanced estimate of 1.7%.

South Korea’s headline CPI inflation remained unchanged at 2.4% Y-o-Y in Nov’25. The November inflation figure came in slightly above the market consensus expectation of 2.3%, while showing a sequential increase of 0.25% month-over-month on a seasonally adjusted basis, following a larger 0.44% monthly rise in October.

Italy’s unemployment rate decreased to 6.0% in Oct’25 from a revised 6.2% in Sept’25. The country added 75,000 jobs during the month, helping to push the jobless rate below analyst expectations. A survey of nine analysts had forecast an October unemployment rate of 6.1%.Youth unemployment, which measures job-seekers between 15 and 24 years old, showed improvement by dropping to 19.8% from 21.6% in September

Commodities:

Oil prices are experiencing fluctuations due to ongoing developments in the Russia-Ukraine conflict and potential peace talks.

Gold prices were little changed on Wednesday after a 1% drop in the previous session, as a rebound in equities and firm Treasury yields kept pressure on the metal while investors awaited key U.S. data for clues on potential rate cuts later this week.

Currency:

The dollar was becalmed on Wednesday, as other assets hogged the limelight, though investors looking ahead to 2026 were starting to position for U.S. rate cuts to weigh on the greenback.

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