Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
19:00
Trading in the European stock market closed today with slight gains. Dax rose 0.2%, and Putsy and Kac closed unchanged. The Stoxx 600 rose 0.1%. There is no trading on Wall Street today due to the Thanksgiving holiday.
Puma shares jumped by almost 19% in trading. This is after a report in Bloomberg reported that the Chinese sports giant Anta Sports is among several companies interested in purchasing the clothing and footwear company.
16:30
The mixed trend in Europe continues, although more attractive in the direction of increases. The German Dax is now adding about 0.4% to its value, the French Cac is up about 0.1% and the British Postie is trading stable.
In the defense sector – a company share Saab increases by about 1.72%, and the weapons manufacturer Rheinmetall increases by about 0.75%. In the background, the advanced negotiations between the Ukrainians and the Russians continue, mediated by the Americans.
Danish pharmaceutical company Novo Nordisk is now trading down about 0.8%, after it was reported yesterday (Wed) that the new price signed for its best-selling drugs, Ozampic and Vigobi, will be about 71% cheaper than the current price.
stock puma is now already jumping about 16% in Germany, after it was reported in Bloomberg that the Chinese sports giant Anta Sports is among several companies interested in purchasing the clothing and footwear company.
12:15
The mixed trend in Europe continues. At this time, the Frankfurt Stock Exchange is up by about 0.4%, the Paris Stock Exchange is trading stable and the London Stock Exchange is down by about 0.3%.
Bitcoin is now jumping by about 5% and its price is hovering around $91,000. Earlier this week, the cryptocurrency traded around $81,000. Bitcoin is still about 28% away from the all-time high it reached in early October, when it traded around $126,000.
10:40
Trade in Europe is currently running in a mixed trend. The DAX is up by about 0.5%, the KAC is climbing by about 0.1% and the FTSE is trading stable. Global markets have recently received a boost from growing expectations for an interest rate cut by the US Federal Reserve in December. Markets are now pricing in about an 85% probability of a rate cut.
stock puma is now jumping about 14% in Germany, after it was reported in Bloomberg that the Chinese sports giant Anta Sports is among several companies interested in acquiring the clothing and footwear company.
9:30
Asia
In Asia, there are price increases this morning. The Japanese Nikkei index rose by about 1.3%, the Hang Seng traded stably, the Shanghai Stock Exchange rose by about 0.3% and the Kospi closed with an increase of about 0.7%. CNBC notes that the leading indexes in India reached all-time highs today, against the backdrop of positive sentiment in the US.
Among the stocks that stood out positively in Japan are the Japanese investment giant Softbank, which climbed about 4%, and the chip stock Adventest, which jumped nearly 5%.
Wall Street
Today there will be no trading on Wall Street, due to the celebration of Thanksgiving in the USA, and tomorrow there will be a shortened trading day.
Last night on Wall Street, the leading indices concluded Wednesday with a streak of gains. The Nasdaq index rose by about 0.9%, while the S&P 500 and the Dow Jones added about 0.7% to their value. The positive momentum in recent days is taking place against the background of increased expectations for an interest rate cut in December and the optimism surrounding the latest developments in the AI sector.
Share of the cloud computing giant oracle Jumped by over 4%, after Deutsche Bank reaffirmed their buy recommendation on the stock, noting that its current price is an “attractive entry point” (see expansion below). Nvidia concluded the day with an increase of about 1.5%, after falling by over 6% on Tuesday, following the news that Meta Platforms (Facebook) Conducts talks for the purchase of Google’s AI chips. Alphabetical Ended the trading day with a decrease of about 1%, although it is still not far from the mark of the market value of 4 trillion dollars.
The crypto stocks recorded a recovery along with Bitcoin, which briefly rose above the $90,000 threshold. Stock trading platform Robin Hood Markets jumped by about 11%, while Coinbase climbed by over 4%.
Clark Bellin, chief investment strategist and president at Bellwether Wealth, told CNBC that “stocks are trying to make a comeback from the declines of the past few weeks, indicating that the bear buyers are still out there and working harder. The depth of the November market pullback was about 4% from the peak at the end of October – well below the 10% threshold that usually signals a correction.” Bellin added that “while we expect the stock market to revisit these highs, there is currently no clear catalyst that will continue to push the market higher until the end of the year.”
Some analysts believe that the upheaval recorded earlier this month, amid fears of inflated valuations in the AI sector, is largely behind us. Paul Stanley, head of the investment department at Granite Bay Wealth Management, told Marketwatch that alongside the increased expectation of an interest rate cut in December (the markets are pricing in a cut with a probability of around 80%), “the macro data published so far show that the inflation and labor market situation, although far from perfect, is not as bad as feared.”
While he expects “moderate volatility” through the end of the year, Stanley noted that “we believe the worst of this year’s stock market volatility is behind us as investors begin to look ahead to 2026 and price in continued earnings and productivity growth from AI.”
Marketwatch noted yesterday that the health insurance sector in the S&P 500 is leading the gains in the American flagship index this month, and is on track to present its best performance since April 2020, when the corona epidemic turned a tailwind into pharma and healthcare stocks. The sector has risen nearly 10% since the beginning of the month, with 25% of the stocks included in it trading at 52-week highs yesterday – well above the 8% figure recorded among the broad S&P 500 index. According to Turning Point Market Research, historically, performance at this level has often led to strong annual returns for healthcare stocks.
The commodity and currency markets
Economists J. times. Morgan expects a softening of the dollar next year, but warns of risks in betting on interest rates. The bank expects the dollar to moderate next year against the backdrop of expansionary monetary and fiscal policy in the US, but warns that accelerated bets on future interest rate hikes may challenge this forecast. They predict that the dollar will weaken by about 3% until mid-2026 before stabilizing.
The forecast is based on a combination of several factors: expected interest rate cuts by the Federal Reserve in the coming months, an increase in government spending, tax cuts following the One Big Beautiful Bill Act, renewed concerns regarding the administration’s attempts to interfere in the Fed’s decisions, including an attempt to impeach Governor Lisa Cook.
Oil prices recorded increases of up to 1% yesterday, after the energy company Baker Hughes reported a large weekly decrease in the number of active oil rigs in the US. In a conversation with MarketWatch, Phil Flynn, senior market analyst at Price Futures Group, said that the decrease in the amount of active oil rigs indicates that producers are cutting their output, and that this is a “sign that oil producers are worried about the low prices”. Baker Hughes’ count showed there were 407 active oil rigs this week, 12 fewer than last week.
However, this morning the prices recorded decreases of up to 0.5%, against the background of expectations for a ceasefire in the Russia-Ukraine war, which may bring with it an easing of the sanctions imposed by the US on Russian oil. The price of a barrel of American-type oil is about $58.3, while the price of a barrel of Brent oil is about $62.2.
In line with the trend in the stock market, Bitcoin recovered by about 3% yesterday and recaptured the $90,000 mark. This, after earlier this week, the cryptocurrency traded around 81 thousand dollars. Bitcoin is still about 28% away from the all-time high it reached in early October, when it traded around $126,000.
Macro
In the US, unemployment data published yesterday revealed that initial jobless claims were fewer than expected last week. 216,000 Americans filed for unemployment, compared to 222,000 the week before, with CNBC stating that the consensus in the market was 225,000 claims. The Wall Street Journal noted that the data indicate a situation of “Low-Fire, Low-Hire” – that is, there are not many Layoffs, but there are not many hirings either.We also noted that the ongoing unemployment claims actually show a gradual increase, when the figure for last week was 1.96 million – close to the highest level in four years.
forecast
Share of the cloud computing giant oracle It has fallen about 40% from its peak in the past two months, amid concerns about inflated valuations on Wall Street, but for many Wall Street analysts, it is still a rare investment opportunity.
The stock jumped yesterday, after Deutsche Bank reaffirmed their buy recommendation on the stock, noting that its current price is an “attractive entry point”. The bank’s analyst, Brad Zelnick, set a target price of $375 for the stock – which reflects a very significant upside of about 90%. This is a higher target price than the one that analysts surveyed by LSEG set for the stock, with an average price of about $345.
Zelnik referred to the tight valuations on Wall Street, noting “the stock is now trading at a consensus forward multiple of 27 to earnings per share in 2026 (weighted by the initial costs of expanding the AI business).” According to him, against the backdrop of high valuations, investors are now less enthusiastic about allocating their money based on what “cannot be demonstrated here and now”.
Zelnik added that “while we do not take the financial and operational risks lightly, in our opinion these are undoubtedly offset by the very real opportunity – the OpenAI order backlog represents a solid return on investment, continues to progress as planned, and confirms Oracle’s leadership in deploying cloud infrastructures for AI on a large scale.” According to him, Oracle’s risk-opportunity ratio “is very much on the upside, and in view of the withdrawal [במניה]presents an attractive entry point for investors when looking at the broad picture of the company’s business.”
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