Global Markets Weekly Update

U.S. Market Overview

The U.S. economy grew at its fastest pace in two years, with the S&P 500 and Dow Jones hitting record highs during a holiday-shortened week. The small-cap Russell 2000 Index lagged, gaining only 0.19%. Precious metals like gold and silver saw significant price increases.

Economic Data

Preliminary data indicated a 4.3% annual growth rate in GDP for Q3, driven by increased consumer spending. However, durable goods orders fell by 2.2% in October, contrary to expectations. Consumer confidence declined for the fifth consecutive month, reflecting concerns about job security and business conditions.

Bond Market

U.S. Treasuries saw positive returns with yields generally lower, while investment-grade corporate bonds outperformed Treasuries amid optimistic sentiment following the GDP report.

European Market Insights

The pan-European STOXX Europe 600 Index rose 0.20%, nearing record highs. Germany's DAX gained slightly, while the UK’s FTSE 100 Index fell by 0.27%. The Bundesbank projected a gradual recovery for Germany's economy starting in 2026, despite a cautious outlook from many firms.

Japan Market Update

Japan's stock markets rose, driven by technology stocks amid AI optimism. The yield on the 10-year Japanese government bond increased slightly, with expectations of further monetary policy tightening from the Bank of Japan.

China Market Overview

Mainland Chinese stock markets saw gains, with the CSI 300 Index up 1.95%. Despite weak economic indicators, analysts expect China to meet its growth target of around 5% for the year.

Other Key Markets

In Türkiye, a significant increase in the minimum wage was announced, while in India, the Reserve Bank of India implemented a large-scale liquidity injection to stabilize funding conditions, positively impacting market sentiment.