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\u2013 Asian equities advanced<\/strong>, led by optimism around a potential December Federal Reserve rate cut. The MSCI Asia-Pacific ex-Japan gained roughly 0.4%<\/strong>, while Japan\u2019s Nikkei 225 climbed more than 1%<\/strong> as growth and tech names rebounded.<\/p>\n \u2013 European markets paused after a three-day rally<\/strong>, with the STOXX 600 ending largely unchanged. Sector rotation was visible, with financials firming while takeover-driven moves lifted select individual names.<\/p>\n \u2013 Oil prices firmed modestly<\/strong>, supported by supply-risk concerns and thin U.S. trading due to Thanksgiving. Brent settled near US$ 63.34\/bbl<\/strong>, while WTI hovered around US$ 59.10\/bbl<\/strong>.<\/p>\n \u2013 Gold remained stable near a two-week high<\/strong>, reflecting steady safe-haven demand as markets continue to weigh the likelihood of Fed easing against ongoing global growth uncertainty.<\/p>\n \u2013 Risk sentiment improved<\/strong> across Asia and Europe, supported by rate-cut expectations and easing volatility in AI-linked segments after the prior week\u2019s tech-driven correction.<\/p>\n \u2013 FX markets were steady<\/strong>, with the U.S. dollar holding its recent range and the Japanese yen trading near intervention-watch levels as policymakers remained alert to rapid currency weakness.<\/p>\n \u2013 Equity breadth remained narrow<\/strong>, with most gains concentrated in large-cap technology names, even as broader cyclical sectors show signs of stabilizing.<\/p>\n \u2013 Market liquidity remained thin<\/strong>, due to the U.S. holiday, keeping volatility subdued but heightening the risk of sharper moves when full trading resumes.<\/p>\n \u2013 Concerns over China-linked demand persisted<\/strong>, weighing on commodities and real-estate related sentiment in parts of Asia despite the improved macro tone.<\/p>\n \u2013 Outlook:<\/strong> Markets are positioned in a cautiously optimistic stance. A dovish Fed outcome could sustain momentum into December, but delayed U.S. macro data still poses a key uncertainty for liquidity and risk appetite.<\/p>\n \u00a0<\/p>\n +) European equities edged higher<\/strong>, supported by rising expectations of a Federal Reserve rate cut in December, with the STOXX 600 gaining modestly as investors rotated back into cyclicals and tech.<\/p>\n +) Global risk sentiment improved<\/strong> as softer U.S. data and dovish forward guidance reinforced the view that policy tightening is nearing an end.<\/p>\n +) U.S. markets remained closed<\/strong> for the Thanksgiving holiday, leading to a notably thin-liquidity session across global assets and muted intraday volatility.<\/p>\n +) Asian markets traded cautiously<\/strong>, with gains limited by light volume and a lack of strong macro catalysts, though investors maintained a constructive tone heading into year-end.<\/p>\n +) Market strategists noted that tech and AI-linked valuations remain elevated<\/strong>, but strong earnings season performance continues to underpin the broader equity outlook.<\/p>\n +) Fixed-income markets stabilized<\/strong>, with U.S. Treasury yields holding near recent lows as global investors positioned ahead of the upcoming U.S. data backlog.<\/p>\n +) Commodity markets were mixed: oil hovered near mid-range levels<\/strong> amid subdued demand signals, while gold saw mild safe-haven interest<\/strong> in the absence of major economic releases.<\/p>\n +) Currency markets remained stable<\/strong>, with the U.S. Dollar Index consolidating gains as investors awaited U.S. retail sales and PPI releases once reporting resumes.<\/p>\n +) Several asset managers signaled that 2026 performance may lag 2025<\/strong>, citing high valuations, soft global demand, and the approach of a lower-rate environment.<\/p>\n +) With major markets partially offline and liquidity thin, traders expect positioning flows and upcoming earnings to drive the next directional move.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n Global equities edge higher as rate-cut expectations support sentiment<\/strong> AI-related volatility eases as investor sentiment stabilizes<\/strong> Gold softens slightly but remains near two-week highs<\/strong> Oil and broader commodities remain cautious on demand concerns<\/strong> FX markets steady as dollar drifts and regional currencies firm<\/strong> India outperforms as Nifty 50 hits a 14-month high<\/strong> \u00a0<\/p>\n Global markets head into Friday in a low-volume, holiday-thinned environment as U.S. financial markets reopen only partially following Thanksgiving. With liquidity constrained, cross-asset moves may appear more volatile than usual, even though the macro calendar remains relatively light. Investors continue to digest the implications of Wednesday\u2019s softer U.S. activity data \u2014 notably Durable Goods Orders<\/strong> and Wholesale Inventories<\/strong> \u2014 which reinforced expectations for a gradual Federal Reserve easing cycle<\/strong> into early 2026. Treasury yields remain anchored near recent lows, while the U.S. dollar stays on the defensive, supported only by limited safe-haven demand.<\/p>\n In Europe<\/strong>, attention is directed toward Eurozone M3 Money Supply<\/strong> and bank lending figures<\/strong>, which will offer additional insight into credit conditions and the transmission of tighter monetary policy. With inflation cooling steadily and growth indicators softening, markets remain convinced that the European Central Bank (ECB)<\/strong> will signal a clearer path toward rate reductions in the first half of 2026. The euro trades in stable ranges, supported by yields but capped by weak investment momentum.<\/p>\n Over in the Asia\u2013Pacific region<\/strong>, markets look to a key set of Japanese indicators \u2014 Tokyo CPI (Nov)<\/strong> and the Unemployment Rate<\/strong> \u2014 which together provide the most timely read on Japan\u2019s price and labour conditions. A stronger CPI print could revive expectations of early policy normalization from the Bank of Japan<\/strong>, while a softer outcome would reinforce the current ultra-accommodative stance. Sentiment in China remains unchanged, with traders monitoring liquidity operations and incremental policy signals as Beijing continues to prioritise growth-stabilisation measures heading into year-end.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n The U.S. Dollar Index (DXY) inched lower to 99.533 (\u20130.03%)<\/strong> as risk sentiment rebounded and U.S. yields softened slightly. Most major currencies traded narrowly with mild USD weakness.<\/p>\n Analysis: \u00a0<\/p>\n Analysis: \u00a0<\/p>\n Analysis: \u00a0<\/p>\n Crypto markets saw moderate gains, led by Bitcoin.<\/p>\n Analysis: \u00a0<\/p>\n Analysis: \u00a0<\/p>\n This report is provided to The Concept Trading from Van Hung Nguyen<\/em><\/strong><\/p>\n<\/p><\/div>\nCompanies.<\/h2>\n
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\n Company<\/strong><\/td>\n Highlights<\/strong><\/td>\n Key Metrics \/ Notes<\/strong><\/td>\n<\/tr>\n \n Zscaler (ZS)<\/strong><\/td>\n Demand for cloud security remained robust, supported by enterprise digital-transformation trends.<\/td>\n EPS beat \u2022 Revenue strong \u2022 Subscription growth solid<\/td>\n<\/tr>\n \n Elastic NV (ESTC)<\/strong><\/td>\n Strong quarter driven by search & observability platform adoption.<\/td>\n Revenue \u2191 YoY \u2022 EPS beat \u2022 FY outlook raised<\/td>\n<\/tr>\n \n Snowflake (SNOW)<\/strong><\/td>\n Reported solid product revenue growth but warned of uneven cloud-spend trends.<\/td>\n Product revenue \u2191 \u2022 RPO stable \u2022 Guidance cautious<\/td>\n<\/tr>\n \n Splunk (SPLK)<\/strong><\/td>\n Security & observability units continued to drive demand.<\/td>\n EPS beat \u2022 Cloud ARR \u2191<\/td>\n<\/tr>\n \n Workday (WDAY)<\/strong><\/td>\n Delivered strong subscription revenue in early holiday-week reporting.<\/td>\n EPS beat \u2022 Subscription revenue \u2191 double-digits<\/td>\n<\/tr>\n \n Dell Technologies (DELL)<\/strong><\/td>\n AI servers remain the core growth driver while PC softness persists.<\/td>\n EPS above est. \u2022 AI revenue \u2191 \u2022 Margins stable<\/td>\n<\/tr>\n \n HP Inc. (HPQ)<\/strong><\/td>\n Margins held despite soft PC shipments; guidance reiterated.<\/td>\n EPS in line \u2022 Revenue slightly weaker<\/td>\n<\/tr>\n \n NetApp (NTAP)<\/strong><\/td>\n Hybrid-cloud demand supported strong earnings execution.<\/td>\n EPS beat \u2022 Cloud ARR \u2191 YoY<\/td>\n<\/tr>\n \n Urban Outfitters (URBN)<\/strong><\/td>\n Digital strength offset weaker store traffic; profitability improved.<\/td>\n EPS beat \u2022 Revenue stable<\/td>\n<\/tr>\n \n Kohl\u2019s (KSS)<\/strong><\/td>\n Mixed performance: lower traffic but stronger cost management.<\/td>\n EPS slight beat \u2022 Guidance conservative<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n General<\/h2>\n
Global stocks advanced modestly as investors continued to price in a potential Federal Reserve rate cut in December, with lighter U.S. holiday trading keeping volumes subdued. European and Asian indices also firmed, supported by improved risk appetite and a rebound in select technology and cyclical sectors.<\/p>\n
Markets displayed improved resilience after weeks of concern over an \u201cAI-bubble\u201d in megacap tech. Easing volatility and renewed dip-buying helped stabilise tech names, suggesting that the sector may be entering a consolidation rather than a deeper correction.<\/p>\n
Spot gold pulled back around 0.2% as the U.S. dollar ticked up, though the metal remained close to its mid-November highs. Investors continued balancing safe-haven demand with optimism over the Fed\u2019s potential easing cycle.<\/p>\n
Oil prices stayed subdued as markets weighed oversupply risks and weakening global demand indicators. Soft demand expectations kept a cap on energy-sector gains, including in Gulf markets, which traded mixed to lower.<\/p>\n
The U.S. dollar moved slightly lower as traders reframed expectations for 2026 rate paths. Asian currencies found support from improved risk sentiment and steady regional data, while global bond yields stayed largely unchanged.<\/p>\n
India\u2019s Nifty 50 index broke to a fresh 14-month high, powered by robust earnings momentum and improving domestic growth indicators. The performance underscores widening divergence within emerging markets, where domestic-demand-driven economies continued to outperform export-dependent peers.<\/p>\nUpcoming News<\/h2>\n
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\n Region \/ Country<\/strong><\/td>\n Event \/ Indicator<\/strong><\/td>\n Expected Impact<\/strong><\/td>\n<\/tr>\n \n \ud83c\uddef\ud83c\uddf5 Japan<\/td>\n Tokyo CPI (Nov)<\/strong><\/td>\n \ud83d\udd34 High \u2014 key leading indicator for national inflation<\/td>\n<\/tr>\n \n \ud83c\uddef\ud83c\uddf5 Japan<\/td>\n Unemployment Rate (Oct)<\/strong><\/td>\n \ud83d\udfe0 Medium \u2014 labour-market signal ahead of BoJ meeting<\/td>\n<\/tr>\n \n \ud83c\uddea\ud83c\uddfa Eurozone<\/td>\n M3 Money Supply (Oct)<\/strong><\/td>\n \ud83d\udfe0 Medium \u2014 insight into credit creation and liquidity<\/td>\n<\/tr>\n \n \ud83c\uddea\ud83c\uddfa Eurozone<\/td>\n Private-Sector Lending (Oct)<\/strong><\/td>\n \ud83d\udd34 High \u2014 critical for ECB rate-cut timing<\/td>\n<\/tr>\n \n \ud83c\uddea\ud83c\uddfa Germany<\/td>\n Import Price Index (Oct)<\/strong><\/td>\n \ud83d\udfe0 Medium \u2014 adds colour to disinflation trend<\/td>\n<\/tr>\n \n \ud83c\uddfa\ud83c\uddf8 United States<\/td>\n Thanksgiving Holiday (Short Session)<\/strong><\/td>\n \ud83d\udfe1 Low \u2014 restricted liquidity; exaggerated price swings possible<\/td>\n<\/tr>\n \n \ud83c\udf0d Global<\/td>\n ECB, BoE, BoJ Officials\u2019 Speeches<\/strong><\/td>\n \ud83d\udd34 High \u2014 tone-setting ahead of next week\u2019s PMIs & PCE<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n G7 \u2013 Index (NQ + ES + DJ) \u2013 Gold \u2013 (BTC + ETH)<\/h2>\n
G7 FX<\/h3>\n
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<\/strong>\u00a0FX action remained quiet with U.S. markets partially closed. The mild USD pullback reflected softer Treasury yields and improving global equity sentiment. Commodity FX mixed, with CAD best performer on oil strength.<\/p>\nMetals<\/h3>\n
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<\/strong>\u00a0Gold held near recent highs, supported by stable inflation expectations. Silver continued to show relative strength as macro indicators pointed to improving manufacturing demand.<\/p>\nGlobal Indices (SPX \/ DJI \/ VIX \/ DXY \/ NAS100 \/ EU50)<\/h3>\n
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<\/strong>\u00a0Equities held strong momentum despite thin holiday liquidity. Market positioning remained constructive as earnings stayed robust and financial conditions eased.<\/p>\nCrypto Markets<\/h3>\n
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<\/strong>\u00a0BTC continued to outperform ETH, reflecting stronger inflows and relative dominance. Overall crypto sentiment remained positive alongside broader risk-on sentiment.<\/p>\nMacro Data Snapshot<\/h3>\n
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<\/strong>\u00a0Macro indicators remained broadly supportive of risk assets: lower bond yields, improving PMIs, and stabilizing labour markets helped keep volatility in check.<\/p>\n