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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6870.39
6870.39
6870.39
6895.79
6858.28
+13.27
+ 0.19%
--
DJI
Dow Jones Industrial Average
47954.98
47954.98
47954.98
48133.54
47871.51
+104.05
+ 0.22%
--
IXIC
NASDAQ Composite Index
23578.12
23578.12
23578.12
23680.03
23506.00
+72.99
+ 0.31%
--
USDX
US Dollar Index
98.950
99.030
98.950
99.060
98.740
-0.030
-0.03%
--
EURUSD
Euro / US Dollar
1.16426
1.16443
1.16426
1.16715
1.16277
-0.00019
-0.02%
--
GBPUSD
Pound Sterling / US Dollar
1.33312
1.33342
1.33312
1.33622
1.33159
+0.00041
+ 0.03%
--
XAUUSD
Gold / US Dollar
4197.91
4197.91
4197.91
4259.16
4191.87
-9.26
-0.22%
--
WTI
Light Sweet Crude Oil
59.809
60.061
59.809
60.236
59.187
+0.426
+ 0.72%
--

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Government Spokesperson: Fourteen Arrested Over Benin Coup Attempt

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French President Macron: Nigeria Seeks French Help To Combat Insecurity

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Industry Source: EU Commission May Announce Package To Support Auto Industry On December 16

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Israel Foreign Currency Reserves $231.425 Billion In November Versus$231.954 Billion In October -Bank Of Israel

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[Moodeng Surges Over 43% In The Last 24 Hours, With A Current Market Cap Of $104 Million.] December 7Th, According To Gmgn Market Data, The Solana-Based Meme Coin Moodeng Surged Over 43% In The Past 24 Hours, With A Market Capitalization Currently Standing At 104 Million USD

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Jerusalem-German Chancellor Merz: We Have Not Discussed A Visit To Germany By Israeli Prime Minister Benjamin Netanyahu, Not An Issue At The Moment

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Israeli Prime Minister Netanyahu: We're Close To The Second Phase Of Trump's Gaza Plan

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West Africa's ECOWAS Bloc: 'Strongly Condemns' Attempted Military Coup In Benin

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Israeli Prime Minister Netanyahu: Political Annexation Of The West Bank Remains A Subject Of Discussion

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Israeli Prime Minister Netanyahu: Sovereign Power Of Security From The Jordan River To The Mediterranean Will Always Remain In Israel's Hands

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Israeli Prime Minister Netanyahu: We Believe There Is A Path To A Workable Peace With Our Palestinian Neighbors

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Israeli Prime Minister Netanyahu: I Will Meet Trump This Month

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Egypt's Net Foreign Reserves Rise To $50.216 Billion In November From $50.071 Billion In October

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Uganda Opposition Candidate Says He Was Beaten By Security Forces

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Benin's Foreign Minister Bakari:Large Part Of The Army And National Guard Still Loyalist And Are Controlling The Situation

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Russian Defence Ministry: Russian Troops Complete Capture Of Rivne In Ukraine's Donetsk Region

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Russian Defence Ministry: Russian Troops Carried Out Group Strike Overnight On Ukraine's Transport Infrastructure Facilities, Fuel And Energy Complexes, And Long-Range Drone Complexes

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Russian Defence Ministry: Russian Forces Capture Kucherivka In Ukraine's Kharkiv Region

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US Envoy Kellogg Says Ukraine Peace Deal Is Really Close

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US Embassy In India- US Under Secretary Of State For Political Affairs Allison Hooker Will Visit New Delhi And Bengaluru, India, From December 7 To 11

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          Stalemate? Zelensky In Denial As Russian Troops Press In On Pokrovsk

          Samantha Luan

          Political

          Economic

          Russia-Ukraine Conflict

          Summary:

          As fighting has intensified in the eastern city of Pokrovsk, and with Russian troops having already penetrated some districts of the key logistical hub in the Donbass region, President Volodymyr Zelensky appears to be in denial.

          As fighting has intensified in the eastern city of Pokrovsk, and with Russian troops having already penetrated some districts of the key logistical hub in the Donbass region, President Volodymyr Zelensky appears to be in denial.

          On Monday he issued a statement on X claiming that Putin and his forces are at a "stalemate" and that the Russian president is more unpopular within his own country than ever. And yet even Western pundits consider that the writing is on the wall when it comes to Ukrainians seeking to hold on to Pokrovsk.

          "Putin is in an impasse when it comes to real successes on the battlefield. The situation looks more like a stalemate for him," Zelensky wrote. He went on to say, "First, he has radicalized public opinion toward this issue through information. Second, he promised objectives he has not achieved, so he needs to show some gains."

          But Kremlin spokesman Dmitry Peskov has responded by saying that while Russia wants Ukraine conflict to end as soon as possible, it is only the prospect of peace negotiations which have stalled, and that the situation "stalled not because of us."

          Meanwhile the Amsterdam-based Moscow Times paints a dire picture for the Ukrainian side: "Western military analysts say Russian troops have steadily edged into Pokrovsk's southern outskirts, wearing down Ukrainian defenses and using worsening late-autumn weather to move men and equipment closer to the front," the report says. "The fight, they note, has settled into a grinding contest of attrition that has stretched Ukrainian units thin."

          One Ukrainian soldier in fresh statement described that "The main problem is logistics" as "The roads are completely choked by Russian drones. No vehicle can enter or leave the city without being immediately detected."

          The man told The Moscow Times, "They send about ten armored vehicles at once toward our positions" and that "Normally, we can destroy them quickly, but with the fog, rain and low winter clouds, our reaction time is slower. We destroy most of them, but some still manage to break through and drop off troops inside the city."

          While Zelensky is trying to offer Pokrovsk as a symbol of Ukrainian resistance, the reality is that it is being encircled. Kiev officials have over several weeks sought to deny this.

          For the majority of the war Pokrovsk has acted as the logistical hub and rear operations base for Ukraine's eastern defensive lines. It sits astride both a key railroad juncture and the highway to Ukraine's fourth-largest metro, Dnipro.

          Another urgent appeal for the Western allies to "close the skies" over Ukraine:

          The loss of the primary rail lines and highway routes in and out of Pokrovsk would cut resources to Ukrainian units across the Donbas and possibly force them to retreat before running out of supplies. This would mean an immediate and sweeping Russian advance all along the eastern lines.

          The city's defensive positions are a final obstacle to Russia's access to most of the region. If Pokrovsk falls Russian forces will indeed be able to more easily flank entrenched troops in the north and south of the country.

          Source: Zero Hedge

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          USD/JPY: Bulls Target Breakout Toward 159 After Testing Key Resistance Zone

          Adam

          Forex

          Minutes from the Bank of Japan’s recent meeting reveal continued caution and uncertainty over future rate hikes. Policymakers are waiting for more data before considering any further moves, making another increase at the next meeting unlikely.
          This cautious stance has added pressure on the USD/JPY, which continues to weaken against the US dollar. The rising USD/JPY exchange rate has renewed talk of potential government intervention to support the Japanese currency, at least temporarily.
          On the US side, markets still lean toward a 25-basis-point rate cut in December, although the odds are gradually balancing with the possibility of no change.

          Why is the BOJ delaying interest rate hikes?

          In theory, Japan’s persistent inflation, pressure on the yen, and rising living costs should justify further interest rate hikes. Yet, the Bank of Japan remains cautious, repeatedly citing the need for more market data before acting. This has been its stance since the last hike, even though economic conditions have barely changed.
          The impact of US tariffs on Japan also appears less severe than initially feared, suggesting external risks may be overstated. The BOJ’s hesitation reflects a deep-rooted concern about deflation, which shaped Japan’s economy for decades. Policymakers worry that tightening too quickly could undo years of effort to sustain moderate inflation.
          If rate hikes remain off the table, pressure on the Japanese yen will likely intensify, potentially pushing it back toward the 160 per US dollar mark. This scenario often stirs talk of currency intervention to slow the yen’s slide. History suggests, though, that such moves only offer short-term relief unless supported by coordinated action from both the Central Bank and the Ministry of Finance.
          Meanwhile, the US government shutdown has created a relatively quiet macroeconomic backdrop, but a few data releases are still coming through. The ISM services index delivered a positive surprise, holding well above the 50-point expansion line. In contrast, the manufacturing index remained weak, extending a months-long run of readings stuck below the growth threshold.
          USD/JPY: Bulls Target Breakout Toward 159 After Testing Key Resistance Zone_1
          If this trend holds, expectations may build for another round of interest rate cuts next year, as worries over the broader economic outlook deepen.

          USD/JPY Inches Closer to a Key Breakout Level

          The key level for the USD/JPY pair is the repeatedly tested resistance around 154.50 yen per US dollar. The current outlook points to a potential breakout and continuation of the upward move, with the next target in the 158–159 yen per US dollar range.
          USD/JPY: Bulls Target Breakout Toward 159 After Testing Key Resistance Zone_2
          If demand weakens again, the pair may remain in consolidation, with support near 153 yen per US dollar.

          Source: investing

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Natural Gas and Oil Forecast: Prices Slip as OPEC+ Output Rises and Demand Softens

          Adam

          Commodity

          Market Overview

          Oil prices edged lower in early Asian trading, erasing part of Monday’s modest rebound as supply pressures outweighed optimism from easing U.S. fiscal uncertainty. Both Brent and WTI benchmarks, which gained about 40 cents in the previous session, came under renewed pressure amid signs of excess production and weakening global demand.
          Analysts warned that rising OPEC+ output, up 137,000 barrels per day for December, combined with sluggish consumption across major economies, is turning the oil balance increasingly bearish.
          Geopolitical tensions and disrupted supply chains have further complicated market flows, with elevated storage levels across Asia signaling softer near-term demand.

          Natural Gas Price Forecast

          Natural Gas and Oil Forecast: Prices Slip as OPEC+ Output Rises and Demand Softens_1

          Natural Gas (NG) Price Chart

          Natural Gas is trading near $4.28, slipping 2% as prices retreat from the $4.64 resistance. The chart shows a rising wedge pattern, a structure that often precedes a bearish reversal when combined with waning momentum.
          The recent breakdown below the $4.41 mid-range support and trendline confirms weakening buyer control. The 20-EMA is flattening while the RSI has dropped below 50, signaling fading momentum. Immediate support lies at $4.19, followed by $4.02, where the 200-EMA aligns.
          If bulls fail to reclaim $4.41, the setup favors a continuation lower toward $4.02 or even $3.89. However, a rebound above $4.45 would invalidate this short-term bearish bias and reopen a path toward $4.64–$4.86.

          WTI Oil Price Forecast

          Natural Gas and Oil Forecast: Prices Slip as OPEC+ Output Rises and Demand Softens_2WTI Price Chart

          WTI Crude Oil (USOIL) is trading near $59.87, holding just below the descending trendline that has limited gains since mid-October. The price remains capped under the 50-EMA and 200-EMA, showing persistent selling pressure. On the downside, immediate support lies at $58.85, followed by $57.40, while resistance sits at $60.50.
          The RSI is hovering around 45, reflecting weak momentum and limited buying strength. Recent candles show indecision, hinting that traders are waiting for a clear breakout.
          A close above $60.50 could shift momentum toward $62.50, while a drop below $58.85 may invite further declines toward $57.40. For now, oil remains range-bound, awaiting stronger catalysts to define its next directional move.

          Brent Oil Price Forecast

          Natural Gas and Oil Forecast: Prices Slip as OPEC+ Output Rises and Demand Softens_3Brent Price Chart

          Brent Crude Oil (UKOIL) is trading near $63.86, struggling to break above the $64.10 Fibonacci resistance (38.2%), which has repeatedly capped upside attempts. The price remains below both the 50-EMA and 200-EMA, keeping the short-term bias slightly bearish.
          A descending channel continues to guide the broader trend, with support around $62.50 (61.8% Fib level) and $61.45 acting as a key floor. The RSI sits close to 45, suggesting neutral momentum and limited conviction from either side.If Brent reclaims $64.10, a move toward $65.30 or $66.60 could follow.
          Conversely, a break below $62.50 would expose $61.40 and deepen the correction. Until a clear breakout occurs, Brent remains in consolidation within its medium-term downtrend.

          Source: fxempire

          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Europe in the Green as Wall Street Hesitates Ahead of US Shutdown Deal

          Warren Takunda

          Economic

          European markets climbed on Tuesday, buoyed by signs of a possible end to the US government shutdown after the Senate sent a compromise funding measure to the House.
          "The gains came as investors reacted to news of a Senate breakthrough to end the US government shutdown," said David Morrison, Senior Market Analyst at Trade Nation.
          "A vote in the US Senate cleared the way for further discussions on a bipartisan deal to end the government shutdown. This has raised hopes that federal agencies could soon reopen, easing a key overhang on markets," Morrison explained.
          Indications of a deal on Capitol Hill have reverberated across major European stock indices, with Germany's DAX climbing by 0.30% in early trading and the EURO STOXX 100 going up 0.55%, the FTSE 100 marking a second-day climb at 0.93% despite the most recent UK jobs data indicating a weakening labour market.
          In its November meeting, the Bank of Engand left the bank rate at 4% but indicated a dovish hold and that cutting interest rates was on the table if persistent disinflation continued.
          Italy's FTSE MIB and France's CAC 40 both rose by around 0.66%, and the Swiss SMI rose by 0.86% amid reports that the non-eurozone country could be close to reaching a deal with the US administration to lower its 39% tariff rate, currently the steepest in Europe.
          Meanwhile US equity futures edged lower in early European trade, reversing Monday’s slight gains as investors paused after the rally as they await news on Senate progress in ending the federal shutdown.
          S&P 500 futures dipped by -0.2%, Nasdaq futures dropped by -0.4% and Dow futures went down by -0.05% as trading sentiment is shaped by whether the House will follow through on the funding measure.
          After years of lagging behind, European banks are also now outpacing their US counterparts, lifted by fat cash returns and a rerating from beaten-down levels.
          The STOXX Europe 600 Banks proxy is up about 61% year to date, versus roughly 4–5% year to date for the SPDR S&P Bank ETF (KBE). KBE is a single stock-like fund that operates a broad basket of US bank shares and is a key indicator of how stateside banks are doing overall.
          Many eurozone lenders started 2025 trading well below book, but steady earnings and regulator-approved dividends and buybacks have given the sector plenty of room to climb. In the US, banks have faced a longer spell of curve inversion, stickier deposit costs and uncertainty over capital rules.

          Source: Euronews

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          SoftBank Sells Nvidia Stake for $5.8 Billion to Fund AI Bets

          Adam

          Economic

          SoftBank Group Corp. sold its entire stake in Nvidia Corp., pocketing $5.83 billion to help bankroll envisioned AI investments at a time investors are questioning the sheer amounts of capital chasing a technology with uncertain future returns.
          The Nvidia stake sale highlights how founder Masayoshi Son needs money to chase a plethora of projects that range from Stargate data centers to AI robot manufacturing sites in the US. Its exit coincides with a growing debate about whether spending by big tech firms from Meta Platforms Inc. to Alphabet Inc. — expected to surpass $1 trillion in coming years — will produce commensurate returns. Nvidia’s stock was down 1.3% in pre-market trading.
          SoftBank is keen to become a leading player in that growing ecosystem, with plans to leverage stakes in sector linchpins from OpenAI to US chip designer Ampere Computing LLC. On Tuesday, SoftBank executives sidestepped questions about whether the industry is fomenting an AI investment bubble, and said the sale had nothing to do with Nvidia itself but was a necessary financing measure.
          “I can’t say if we’re in an AI bubble or not,” Chief Financial Officer Yoshimitsu Goto said during an earnings conference Tuesday. SoftBank sold Nvidia “so that the capital can be utilized for our financing,” he added, without elaborating.
          SoftBank has sold out of Nvidia once before, in 2019. The company resumed buying small stakes in Nvidia in 2020 — two years before the advent of ChatGPT ignited a historic rally. It disclosed that it increased its stake in the US chipmaker to around $3 billion at the end of March. It’s done well just on that measure: Nvidia has gained more than $2 trillion of market value since.
          That rally, along with its investment in OpenAI, helped prop up SoftBank’s bottom line. The Japanese company reported a surprise net income of ¥2.5 trillion ($16.2 billion) in its fiscal second quarter, far outrunning the average of analyst estimates of ¥418.2 billion. OpenAI’s value has risen $14.6 billion since SoftBank invested, Goto said.
          SoftBank Sells Nvidia Stake for $5.8 Billion to Fund AI Bets_1
          SoftBank is on track to report its highest annual profit since 2020, Bloomberg Intelligence analyst Kirk Boodry said. “The sale of $5.8 billion in Nvidia shares highlights the company’s access to liquidity as it continues its AI investment program,” he added.
          Son’s initiatives — which include the Stargate data center rollout as well as a $1 trillion AI manufacturing hub in Arizona — have seen the billionaire court US President Donald Trump, as well as the chiefs of Taiwan Semiconductor Manufacturing Co. and South Korean conglomerates. SoftBank even explored a takeover of US chipmaker Marvell Technology Inc. earlier this year.
          Son’s company now boasts a portfolio that includes some of the world’s most sought-after names in AI, including OpenAI, ByteDance Ltd. and Perplexity AI Inc. Those stakes boosted SoftBank’s paper gains and helped drive a 78% surge in its share price over the three months ending in September — its best such performance since the December quarter of 2005.
          The company also announced a 4-for-1 stock split that will take place Jan. 1 in a move that helps make its stock accessible to Japanese retail investors.
          SoftBank Sells Nvidia Stake for $5.8 Billion to Fund AI Bets_2
          The challenge will be to balance the financing behind a flurry of deals it’s signed, as well as any new initiatives Son may take on in coming months.
          Through its Vision Fund 2, SoftBank will now invest the full $22.5 billion it’s promised OpenAI in December and remove the preconditions it had previously set. SoftBank has plans to acquire US chip designer Ampere Computing LLC for $6.5 billion and has agreed to buy ABB Ltd.’s robotics arm for $5.4 billion.
          The company expanded a margin loan using its Arm Holdings Plc shares to $20 billion from $13.5 billion, of which $11.5 billion remains available. It’s also obtained a bridge loan of $8.5 billion to fund its injection into OpenAI, as well as another bridge loan for the Ampere deal, it said.
          “The simple trade was to buy SoftBank for cheap exposure to Arm shares and a broader AI and tech mix. That idea has more than delivered – the stock’s more than doubled, far outpacing the modest rise in NAV,” according to a Finimize Research note published on Smartkarma ahead of the earnings release, referring to SoftBank’s net asset value.
          “But now the discount’s mostly closed, so SoftBank isn’t a ‘cheap’ way in anymore. So on that basis, it’s likely a good time to sell and take your profits,” it said.
          Source: Bloomberg
          To stay updated on all economic events of today, please check out our Economic calendar
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          Qaddafi’s Son Hannibal Freed From Decade Of Detention In Lebanon

          Justin

          Political

          Economic

          A son of former Libyan dictator Muammar Qaddafi was freed in Lebanon, almost a decade after he was detained on accusations that he had a role in the 1970s disappearance of a prominent Islamic cleric during his father's reign.

          Hannibal Qaddafi was released on bail of $893,000, according to the Lebanese state-run news agency NNA. He had been in custody after being charged with "withholding information" in the case of the kidnapping of Musa al-Sadr and two of his associates, NNA reported.

          Gunmen kidnapped him in December 2015 after dangling a fake offer of a newspaper interview and transferring him to neighboring Lebanon. According to Human Rights Watch, he was tortured for information on Al-Sadr's disappearance — which occurred when he was only two years old.

          The unknown fate of al-Sadr, an influential Lebanese Shia cleric and politician who vanished with the two associates on a visit to Libya in 1978, has long hindered relations between the Arab nations. The feud continued even after the 2011 civil war in which Qaddafi was overthrown and killed after four decades in power.

          Last week, Libya's internationally-recognized government said Lebanese authorities had decided to free Hannibal, 49, following diplomatic efforts. Lebanon in the past accused Muammar Qaddafi of being behind al-Sadr's disappearance — a claim Libyan authorities denied.

          The youngest of the former Libyan ruler's five sons, Hannibal fled to Algeria with his wife and some siblings in the wake of the conflict, eventually finding asylum in Syria.

          Lebanese security forces took custody of him in December 2015, and he was later charged with "withholding information and subsequently interfering in the crime of continued kidnapping," said the advocacy group, which has long urged his release.

          He has never faced a formal trial on the charges. In 2018, a Lebanese court handed him a 15-month prison sentence in a separate case for insulting the judiciary.

          A delegation representing Libyan Prime Minister Abdelhamid Dbeibah visited Beirut this month for talks with Lebanese officials on his potential release.

          Source: Bloomberg Europe

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          Senate approves bill to end shutdown; CoreWeave reports - what’s moving markets

          Adam

          Economic

          U.S. stock futures point broadly lower, with the possible end of a federal government shutdown in focus. The U.S. Senate votes in favor of a bill to re-open the government after a selection of Democrats break with their party to back the measure. AI cloud services group CoreWeave trims its annual revenue forecast, while Japanese tech investment giant SoftBank’s quarterly profit surpasses expectations.

          Futures subdued

          U.S. stock futures were hovering below the flatline on Tuesday as investors assessed the potential end to a prolonged federal government shutdown.
          By 02:42 ET (06:42 GMT), the Dow futures contract was mostly unchanged, S&P 500 futures were lower by 7 points, or 0.1%, and Nasdaq 100 futures had slipped by 42 points, or 0.2%.
          The main averages on Wall Street ended higher in the prior session, spurred on by hopes that lawmakers in Washington were close to ending an historically-long shutdown of the U.S. government.
          Analysts at Vital Knowledge added that the narrative around artificial intelligence has remained bolstered by “bullish” expectations for earnings later this month from key tech industry players, including AI-darling Nvidia.
          Still, the outlook for further interest rate cuts by the Federal Reserve this year is murky, with one official at the central bank suggesting on Monday that room for more reductions is now limited.

          Senate approves bill to end government shutdown

          The U.S. Senate voted to send a spending package which would end the longest-ever federal government shutdown to the House of Representatives, as eight Democrats provided the support needed to break the impasse.
          Republicans, who control both the Senate and the House, are anticipated to continue backing the bill, which has received the blessing of the Trump administration.
          Criticism was directed by some Democratic Party figures at its members who voted in favor of the legislation, which will extend government funding until January 30, set aside a year’s worth of funding for the Agriculture Department, the legislative branch and military construction, and guarantee the reversal of federal worker layoffs triggered by the shutdown. Democrats had been demanding that any deal to re-open the government comes with guarantees that Republicans would lift a deadline that could heavily impact healthcare for millions of Americans. GOP leaders, for their part, have vowed to hold a vote on the matter by mid-December.
          Democrats have been hitting out at President Donald Trump over what they perceive to be efforts by the White House to deny food assistance and dent domestic air travel as a device to force negotiations to end the shutdown. Administration officials, meanwhile, have been arguing that the shutdown has made it slash spending and draw down the number of domestic flights to secure safe air travel.

          CoreWeave trims revenue outlook

          Shares of CoreWeave fell in extended hours trading after the Nvidia-backed AI cloud services firm flagged a delay at a third-party data center partner.
          CoreWeave reduced its full-year revenue forecast as a result. CFO Nitin Agrawal said that the company now expects its top-line result to be between $5.05 billion and $5.15 billion in its 2025 fiscal period, compared to previous projections of $5.15 billion to $5.35 billion. Analysts had anticipated guidance of $5.29 billion, according to LSEG data cited by Reuters.
          The update overshadowed otherwise solid third-quarter results from the group, which has recently moved to fortify its position in the AI boom through a series of multibillion-dollar deals with major tech industry names like ChatGPT maker OpenAI and Facebook owner Meta Platforms. CoreWeave’s stock has spiked since its flotation earlier this year.
          Quarterly revenue surged to a better-than-expected $1.36 billion, as demand for its AI cloud offerings was strong.
          Adjusted operating income margin, however, dipped to 16% from 21% a year ago, while Agrawal -- echoing a wider trend in the AI segment -- outlined plans to ratchet up capital expenditures next year. In 2025, it expects to spend $12 billion to $14 billion.

          SoftBank reports

          SoftBank Group Corp. clocked a much stronger-than-expected fiscal second-quarter profit, as the Japanese tech conglomerate continued to reap strong returns from its aggressive bets on artificial intelligence.
          The company said it had sold all of its shares in Nvidia -- about 32.1 million shares -- for $5.83 billion in October. The sale was not reflected in SoftBank’s second-quarter earnings, and the company did not disclose a rationale for the sale.
          SoftBank posted a net profit attributable of 2.502 trillion yen ($16.3 billion) for the July-September quarter, much higher than Bloomberg estimates of 418.23 billion yen. Softbank’s profit also more than doubled from the 1.179 trillion yen seen last year.
          The earnings were fueled chiefly by gains on investments at the company’s flagship Vision funds, the second of which continued to carry out its investment commitments in OpenAI during the quarter.

          China eyeing plan to restrict U.S. military from its rare earths - WSJ

          China is preparing measures to ease the flow of rare earths and other critical materials to the U.S. military, the Wall Street Journal reported on Tuesday, citing people familiar with the plan.
          Bejing plans to establish a “validated end-user” system to exclude companies with ties to the U.S. military from receiving its rare earths, while fast-tracking shipments to other, civilian firms, the WSJ reported.
          The system will allow China to follow through on President Xi Jinping’s recent pledge to U.S. President Donald Trump to resume the flow of rare earths to the world’s largest economy.
          Such a system could make importing Chinese materials even tougher for U.S. companies with civilian and defense clients.
          Rare earths are used in a variety of applications, from consumer electronics to defense equipment. China is the world’s largest supplier of the materials, and has used its dominance as a major bargaining chip in its renewed trade conflict with the United States.

          Source: investing

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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