Daily global market review
During today's trading session, the major indices showed minimal deviation from their opening levels, a circumstance that holds significance given the substantial gains observed since late October. This lack of notable change can be perceived as a win for the bulls or, conversely, a setback for those anticipating a more significant pullback, whether due to short positions or an inclination to buy during market weakness. A noteworthy factor influencing the day's proceedings came from Fed Governor Waller, a member of the Federal Open Market Committee (FOMC), who acknowledged the possibility of lowering the policy rate if inflation continues to decline over the next few months. Waller emphasized that should inflation persist in its downward trend, there is no justification for maintaining elevated interest rates.
These comments, relayed around mid-morning, propelled the indices to their highest levels of the day. However, this surge in buying interest gradually waned, indicative of some buyer exhaustion after the considerable upward momentum from late October. In contrast, Fed Governor Bowman, also an FOMC voter, introduced a counterpoint to the rate-cut enthusiasm during her speech today. She expressed willingness to support rate hikes if data indicate a stall in inflation progress or insufficient measures to bring inflation back to the 2% target. Despite Bowman's perspective, the fed funds futures market seemed to place greater emphasis on Waller's remarks, with the probability of a 25 basis points rate cut at the May 2024 FOMC meeting increasing from 52.9% to 64.3%. The 2-year note yield, sensitive to changes in the fed funds rate, responded similarly, notably declining by 14 basis points to 4.73%, while the 10-year note yield fell by five basis points to 4.34%.
The decline in interest rates provided support for stocks, though the market lacked a clear leadership direction. Advancers slightly outpaced decliners at the NYSE, while the reverse held true at the Nasdaq. Notable sector performances included gains in the real estate (+0.5%) and consumer discretionary (+0.5%) sectors, while the health care sector experienced a decline of 0.5%. Within individual stocks, notable movements were witnessed, such as Pinduoduo (PDD) reporting significant earnings and Tesla (TSLA) clearing resistance at its 50-day moving average ahead of its Cybertruck delivery event on Thursday. Summarizing the market performance, the Nasdaq Composite rose by 36.5%, the S&P 500 by 18.6%, the Dow Jones Industrial Average by 6.8%, the S&P Midcap 400 by 4.5%, and the Russell 2000 by 1.8%. On the economic front, the Conference Board's Consumer Confidence Index for November exceeded expectations, registering at 102.0 (consensus 100.0), up from a downwardly revised 99.1 in October. The report indicated improved confidence in future business conditions, job availability, and incomes for the next six months, supporting the market's prevailing soft landing outlook.
Additionally, the September FHFA Housing Price Index showed a 0.6% month-over-month increase, following an upwardly revised 0.7% gain in August. The September S&P Case-Shiller Home Price Index reflected a 3.9% month-over-month increase (consensus 4.1%), following a downwardly revised 2.1% gain in August. In the broader market, strong sectors included utilities, consumer staples, materials, consumer discretionary, real estate, communication services, and information technology. Conversely, weakness was observed in health care, industrials, and real estate. Market movements were also influenced by the anticipation of earnings reports after the close from companies like CRWD, INTU, NTAP, HPE, and WDAY.
The current market trends depict various movements in key indices. In the United States, the Dow is positioned at 35,416.98, indicating a positive change of 83.51 points, equivalent to a 0.24% increase. The S&P 500 stands at 4,554.89, with a minor positive shift of 4.46 points or 0.10%. Similarly, the NASDAQ exhibits a positive trajectory at 14,281.76, reflecting a change of 40.73 points or 0.29%. The Volatility Index (VIX) in the United States reports a value of 12.65, showcasing a marginal decrease of 0.04 points or 0.32%. On the other hand, the Russell 2000 in the United States has a current value of 1,792.81, experiencing a decline of 8.35 points or 0.46%. In Canada, the S&P/TSX Composite is positioned at 20,036.77, indicating a slight positive shift of 4.11 points, equivalent to a 0.02% increase. The S&P/TSX 60 in Canada remains relatively stable at 1,206.65 with no significant change. Across other regions, Brazil's BOVESPA is at 126,536.95, reflecting an increase of 805.50 points or 0.64%. In Chile, the S&P IPSA stands at 5,776.56, experiencing a positive shift of 19.14 points or 0.33%. Mexico's S&P/BMV IPC reports a value of 52,328.96, indicating a positive change of 108.47 points or 0.21%. These movements in global indices highlight the dynamic nature of the current market landscape.
The prevailing market indicators in European regions showcase distinctive movements in key indices. In Europe, the STOXX Europe 50 is currently positioned at 3,943.07, reflecting a decrease of 18.73 points or 0.47%. The STOXX Europe 600 stands at 457.04, experiencing a decline of 1.37 points or 0.30%. In the United Kingdom, the FTSE 250 exhibits a value of 18,387.00, indicating a decrease of 51.55 points or 0.28%. Concurrently, the FTSE 100 in the United Kingdom is at 7,455.24, with a minor decline of 5.46 points or 0.07%. In Germany, the DAX reports a value of 15,992.67, showcasing a positive change of 26.30 points or 0.16%. Italy's FTSE MIB is at 29,376.74, reflecting an increase of 34.45 points or 0.12%. France's CAC 40 stands at 7,250.13, experiencing a decrease of 15.36 points or 0.21%. Additionally, in Switzerland, the SMI is currently at 10,760.38, showing a decline of 60.68 points or 0.56%. These fluctuations in European indices depict the varied dynamics within the regional market landscape.
The current state of Asian markets reveals notable movements in key indices. In Japan, the Nikkei 225 is presently positioned at 33,408.39, indicating a decrease of 39.28 points or 0.12%. Hong Kong's Hang Seng stands at 17,354.14, experiencing a decline of 170.92 points or 0.98%. China's Shanghai Composite is at 3,038.55, reflecting a modest increase of 6.85 points or 0.23%. Simultaneously, the Shenzhen Composite in China reports a value of 9,833.46, showcasing an increase of 47.89 points or 0.49%. Australia's S&P/ASX 200 is currently at 7,015.20. South Korea's KOSPI stands at 2,521.76, indicating a positive change of 26.10 points or 1.05%. In Taiwan, the Taiwan SE reports a value of 17,341.25, experiencing a notable increase of 203.83 points or 1.19%. Lastly, India's Bombay Sensex is positioned at 66,174.20, reflecting an increase of 204.16 points or 0.31%. These diverse movements in Asian indices portray the dynamic nature of the regional market landscape.
In the recent trading session, various key indices in the Indian stock market reported the following data. The BSE MidCap index closed at 33,711.15, registering a 0.30% increase and a gain of 100.76 points, with its high and low points at 33,732.71 and 33,577.37 on 28/11. Similarly, the BSE Sensex recorded a closing value of 66,174.20, reflecting a 0.31% increase and a gain of 204.16 points, fluctuating between its high of 66,256.20 and the low of 65,906.65. The BSE SmallCap index concluded at 39,831.66, indicating a 0.06% increase and a gain of 24.37 points, ranging from its low of 39,810.05 to the high of 40,069.26 on 28/11. India VIX reported a closing value of 12.1750, with a high at 12.4925 and a low at 11.0650, representing a 7.46% increase and a gain of 0.8450 points on 28/11. Moreover, the NIFTY Midcap 100 index closed at 42,278.00, with its high and low points at 42,299.75 and 42,077.60, resulting in a 0.54% increase and a gain of 227.55 points. The NIFTY Smallcap 100 index wrapped up at 13,868.90, marking a 0.30% increase and a gain of 41.40 points, with its high and low points recorded at 13,946.00 and 13,838.80. The Nifty smallcap 50 index closed at 6,420.10, with a 0.25% decrease and a loss of 15.95 points, fluctuating between its high of 6,486.10 and the low of 6,414.80. The Nifty 100 index concluded at 19,938.40, with a high of 19,964.95 and a low of 19,832.50, representing a 0.64% increase and a gain of 126.30 points on 28/11. Furthermore, the Nifty 200 index wrapped up at 10,742.95, indicating a 0.62% increase and a gain of 66.45 points, with its high at 10,755.35 and the low at 10,689.00. The Nifty 50 index ended at 19,889.70, recording a 0.48% increase and a gain of 95.00 points, with its high and low points reported at 19,916.85 and 19,800.00. The Nifty 50 USD index reported a closing value of 8,269.11, experiencing a 0.52% increase and a gain of 42.97 points. The Nifty 50 Value 20 index concluded at 10,621.85, indicating a 0.56% increase and a gain of 59.00 points. The Nifty 500 index wrapped up at 17,741.80, recording a 0.56% increase and a gain of 98.30 points. The Nifty Midcap 150 index closed at 15,734.35, with its high and low points at 15,745.55 and 15,680.75, resulting in a marginal 0.39% increase and a gain of 60.85 points. The Nifty Midcap 50 index ended at 12,031.60, marking a 0.64% increase and a gain of 76.35 points, with its high and low recorded at 12,041.00 and 11,957.70. The Nifty Next 50 index wrapped up at 47,161.95, showing a 1.19% increase and a gain of 554.20 points, with its high and low points at 47,216.25 and 46,718.60. The Nifty Smallcap 250 index concluded at 13,013.90, reporting a 0.22% increase and a gain of 28.95 points, fluctuating between its high of 13,080.50 and the low of 13,001.40. Additionally, S&P BSE ALLCAP concluded at 8,176.22, with a high of 8,183.29 and a low of 8,143.51, reflecting a 0.53% increase and a gain of 43.25 points. S&P BSE-100 ended at 20,456.85, with its high and low points at 20,480.08 and 20,357.91, indicating a 0.54% increase and a gain of 110.83 points. S&P BSE-200 finished at 8,788.24, indicating a 0.62% increase and a gain of 54.32 points, with its high at 8,797.23 and the low at 8,744.15. Lastly, S&P BSE-500 wrapped up at 28,057.77, recording a 0.55% increase and a gain of 154.11 points, with its high at 28,083.77 and the low at 27,937.58 on 28/11.
In the cryptocurrency market, the Nasdaq Crypto Index showed a positive trend, gaining 45.58 points or 2.21%, closing at 2,105.97. Bitcoin experienced a notable increase of 2.43%, reaching a price of 38,134.00, while Ether rose by 1.72%, reaching 2,062.40. Litecoin and XRP also saw gains, with increases of 1.26% and 1.35%, closing at 70.03 and 0.61, respectively. These cryptocurrency values were last updated on November 28 at 4:31:00 PM ET.
In the currency market, the Euro/US Dollar pair exhibited a positive change of 0.32%, closing at 1.0990. The British Pound/US Dollar pair increased by 0.57%, reaching 1.2696, while the US Dollar/Canadian Dollar pair experienced a 0.32% change, closing at 1.3578. The US Dollar/Swiss Franc pair showed a 0.23% change, ending at 0.8784, and the US Dollar/Japanese Yen pair exhibited a 0.75% change, closing at 147.5025. These currency rates were last updated on November 28 at 4:30:51 PM ET.
In the bonds and rates segment, various Treasury yields underwent changes. The 3 Month Treasury yield was recorded at 5.255%, with a change of -0.007. The 2 Year Treasury yield decreased by 0.134, closing at 4.743%. The 5 Year Treasury yield experienced a change of -0.109, reaching 4.300%. Similarly, the 10 Year Treasury yield decreased by 0.048, closing at 4.335%, and the 30 Year Treasury yield showed a change of -0.010, ending at 4.514%. These bond and rate values provide insights into the current dynamics of the financial markets.
In the commodities market, the Bloomberg Commodity Index (BCOMTR:IND) rose to 233.01, reflecting a change of +2.33 or +1.01%, with the highest point at 233.88 and the lowest at 230.67. The UBS Bloomberg CMCI (CMCITR:IND) reached 1,531.52, showing a change of +16.77 or +1.11%, reaching a high of 1,531.70 and a low of 1,514.56. The Reuters/Jefferies CRB (CRYTR:IND) increased to 311.23, with a change of +3.68 or +1.20%, having a high of 311.23 and a low of 307.55. The Rogers International (RICIGLTR:IND) index concluded at 3,730.24, displaying a change of +39.68 or +1.08%, with the highest point at 3,743.57 and the lowest at 3,690.14. Meanwhile, the S&P GSCI (SPGSCITR:IND) experienced a decrease to 3,422.02, with a change of -28.40 or -0.82%, having reached a high of 3,457.10 and a low of 3,412.23 on November 27, 2023.
Moving on to energy commodities, WTI Crude Oil (CL1:COM) rose to $76.33 per barrel, indicating a change of +1.47 or +1.96%, with the contract set for January 2024. Brent Crude (CO1:COM) increased to $81.52 per barrel, showing a change of +1.54 or +1.93%, also with a January 2024 contract. RBOB Gasoline (XB1:COM) saw an uptick to 222.97 US cents per gallon, reflecting a change of +4.98 or +2.28%, with the contract set for December 2023. Natural Gas (NG1:COM) declined to $2.71 per MMBtu, showing a change of -0.09 or -3.15%, with the contract set for December 2023. Heating Oil (HO1:COM) rose to 289.20 US cents per gallon, indicating a change of +5.41 or +1.91%, with the contract set for December 2023.
In the precious and industrial metals category, Gold (GC1:COM) on Comex increased to $2,061.60 per troy ounce, reflecting a change of +28.60 or +1.41%, with the contract set for February 2024. Gold Spot (XAUUSD:CUR) rose to $2,040.27 per troy ounce, showing a change of +26.14 or +1.30%. Silver (SI1:COM) on Comex increased to $25.42 per troy ounce, indicating a change of +0.38 or +1.53%, with the contract set for March 2024. Copper (HG1:COM) on Comex rose to 384.35 US cents per pound, reflecting a change of +4.35 or +1.14%, with the contract set for March 2024. Platinum Spot (XPTUSD:CUR) rose to $944.06 per troy ounce, showing a change of +22.17 or +2.40%.
In the agriculture sector, Corn (C 1:COM) on CBOT declined to 473.75 US cents per bushel, reflecting a change of -1.50 or -0.32%, with the contract set for March 2024. Wheat (W 1:COM) on CBOT increased to 573.25 US cents per bushel, indicating a change of +12.25 or +2.18%, with the contract set for March 2024. Cocoa (CC1:COM) on ICE rose to $4,201.00 per metric ton, showing a change of +71.00 or +1.72%, with the contract set for March 2024. Cotton #2 (CT1:COM) on ICE increased to 79.60 US cents per pound, reflecting a change of +0.34 or +0.43%, with the contract set for March 2024. Live Cattle (LC1:COM) on CME rose to 173.00 US cents per pound, indicating a change of +4.18 or +2.47%, with the contract set for February 2024.
On Wednesday, November 29, 2023, a series of economic indicators will be released, providing insights into various aspects of the economy. Starting at 7:00 AM EST, the MBA Mortgage Applications data will be disclosed, encompassing the Purchase Index, Refinance Index, and Composite Index on a week-over-week basis, with a low expected impact. Subsequently, at 8:30 AM EST, the Wholesale Inventories (Advance) for the month over month will be revealed, with a projected low impact. Concurrently, the GDP figures for the quarter-over-quarter annual rate and Personal Consumption Expenditures' annual rate will be released, carrying a high impact. This will be followed by the Retail Inventories (Advance) month-over-month data, expected to have a low impact.
At the same time, the International Trade in Goods (Advance) statistics, including Balance, Exports month-over-month, and Imports month-over-month, will be unveiled, holding a high anticipated impact. Additionally, the Corporate Profits data, featuring Year-over-Year figures with inventory and consumption adjustments and After-Tax Year-over-Year, is scheduled for release, with a low expected impact.
Later in the morning, at 10:30 AM EST, the EIA Petroleum Status Report will provide information on Crude Oil Inventories, Gasoline Inventories, and Distillate Inventories on a week-over-week basis, carrying a high impact. Finally, at 11:00 AM EST, the Survey of Business Uncertainty will disclose Employment Growth and Sales Growth, both expected to have a low impact on the economic landscape. These releases collectively offer a comprehensive view of various economic facets, aiding in understanding the current state and potential trajectory of the economy.
Forecasts:
Previous update:
Navigating the market today proved challenging, not due to significant losses, but rather the lack of substantial activity until some seesaw action transpired in the final trading hour. The major indices exhibited a mixed performance throughout the day, lacking conviction from both buyers and sellers. The Invesco S&P 500 Equal-Weight ETF (RSP) saw a marginal decline of 0.2%. The Nasdaq Composite displayed a slight performance edge, buoyed by select mega-cap names such as Amazon (AMZN), NVIDIA (NVDA), Tesla (TSLA), and Microsoft (MSFT), contributing to a relatively stable position for the S&P 500 compared to Friday's closing level. The S&P 500 traded within a narrow 14-point range for the day.
The day's deliberate movement was mirrored in modest changes across S&P 500 sectors. Real estate emerged as the biggest gainer, posting a 0.4% increase, while the health care sector experienced the most significant decline at -0.6%. Market breadth favored declining issues, with a 4-to-3 margin at the NYSE and roughly a 7-to-4 margin at the Nasdaq.
In separate developments, Treasury yields took a downward turn at the start of the week. A weaker-than-expected October New Home Sales Report and a $55 billion 5-year note auction contributed to this shift. The 2-year note yield fell eight basis points to 4.87%, and the 10-year note yield dropped eight basis points to 4.39%.
Although the decline in market rates did not elicit the same enthusiasm seen earlier in the month, it arguably helped curb selling efforts on Cyber Monday, a day that witnessed lackluster performance in the retail stocks, as evidenced by the 0.6% decline in the SPDR S&P Retail ETF (XRT).
Examining today's economic data, new home sales experienced a 5.6% month-over-month decline in October, reaching a seasonally adjusted annual rate of 679,000 units, falling short of the consensus estimate of 720,000. Despite the drop, new home sales maintained a 17.7% year-over-year increase. Notably, the report highlights a notable slump in new home sales activity for October, attributed in part to affordability challenges resulting from high mortgage rates and overall elevated prices. In the market, the 10-year Note saw a positive uptick, advancing 6/32 to 4.39%.
In the industry landscape, sectors such as real estate, consumer discretionary, information technology, and utilities exhibited strength, while energy, industrials, health care, and communication services showed weakness. The market's focus remained on consolidation expectations following four consecutive weeks of gains, keeping a watchful eye on the retail sector as the holiday selling season kicked into full swing. The October new home sales data, reflecting a 5.6% month-over-month decline to 679,000 units, disappointed market participants, particularly due to affordability pressures.
In the United States, the Dow closed at 35,333.47, experiencing a minor decrease of 56.68 points, equivalent to a 0.16% change. Similarly, the S&P 500 recorded a decrease of 8.91 points, or 0.20%, ending at 4,550.43, while the NASDAQ saw a 0.07% decrease, closing at 14,241.02 with a change of -9.83 points. The VIX, measuring market volatility, rose by 0.25 points, resulting in a 2.01% change to reach 12.71. The Russell 2000 index in the U.S. reported a 0.35% decrease, with a change of -6.35 points, ending at 1,801.15. In Canada, the S&P/TSX Composite and S&P/TSX 60 experienced a 0.30% and 0.33% decrease, respectively, closing at 20,042.87 and 1,207.39. Meanwhile, in Brazil, the BOVESPA index showed a minimal 0.09% increase, closing at 125,632.21 with a change of +114.94 points. In Chile, the S&P IPSA decreased by 19.32 points, resulting in a 0.33% change, closing at 5,757.42. In Mexico, the S&P/BMV IPC reported a 1.26% decrease, with a change of -667.72 points, ending at 52,270.70.
Turning to Europe, the STOXX Europe 50 index experienced a 0.50% decrease, closing at 3,961.80 with a change of -19.95 points, while the STOXX Europe 600 recorded a 0.34% decrease, ending at 458.41 with a change of -1.57 points. In the United Kingdom, the FTSE 250 and FTSE 100 reported decreases of 0.11% and 0.37%, respectively, closing at 18,438.55 (-19.55 points) and 7,460.70 (-27.50 points). Germany's DAX index closed at 15,966.37, reflecting a 0.39% decrease with a change of -63.12 points. Italy's FTSE MIB recorded a 0.31% decrease, closing at 29,342.29 with a change of -90.01 points, while France's CAC 40 saw a 0.37% decrease, closing at 7,265.49 with a change of -27.31 points. Switzerland's SMI index reported a 0.54% decrease, closing at 10,821.06 with a change of -58.46 points.
In the Asian markets, Japan's Nikkei 225 experienced a 0.53% decrease, closing at 33,447.67 with a change of -177.86 points. Hong Kong's Hang Seng index saw a 0.20% decrease, closing at 17,525.06 with a change of -34.36 points. China's Shanghai Composite and Shenzhen Composite reported decreases of 0.30% and 0.55%, respectively, closing at 3,031.70 (-9.27 points) and 9,785.57 (-53.95 points). Australia's S&P/ASX 200 remained unchanged at 6,987.60, while South Korea's KOSPI experienced a 0.04% decrease, closing at 2,495.66 with a change of -0.97 points. Taiwan's SE index saw an 0.87% decrease, closing at 17,137.42 with a change of -150.00 points. Finally, India's Bombay Sensex remained unchanged at 65,970.04.
In the cryptocurrency market, the Nasdaq Crypto Index closed at 2,041.29, reflecting a decrease of 52.82 points, equivalent to a 2.52% change. Bitcoin, the leading cryptocurrency, experienced a 1.59% decrease, closing at 36,906.00 with a change of -598.00 points. Ether, another major cryptocurrency, recorded a 2.95% decrease, closing at 2,004.20 with a change of -60.90 points. Litecoin saw a 2.37% decrease, closing at 68.38 with a change of -1.66 points, while XRP reported a 2.93% decrease, closing at 0.60 with a change of -0.02 points. The data was last updated on Nov 27 at 4:14:15 PM ET.
In the currency exchange market, the Euro to US Dollar rate closed at 1.0956, experiencing a 0.13% increase with no change in numerical value. The British Pound to US Dollar rate saw a 0.20% increase, closing at 1.2627 with no numerical change. The US Dollar to Canadian Dollar rate reported a 0.14% decrease, closing at 1.3618 with no numerical change. Similarly, the US Dollar to Swiss Franc rate and the US Dollar to Japanese Yen rate recorded decreases of 0.18% and 0.59%, respectively, closing at 0.8806 and 148.6530. The data was last updated on Nov 27 at 4:14:18 PM ET.
In the bonds and rates market, the yields for various treasuries experienced changes. The 3 Month Treasury yield closed at 5.265%, reflecting a decrease of 0.013%. The 2 Year Treasury yield recorded a 4.877% with a decrease of 0.078%. The 5 Year Treasury yield closed at 4.411%, showing a decrease of 0.080%. The 10 Year Treasury yield reported a 4.384%, with a decrease of 0.086%. Lastly, the 30 Year Treasury yield closed at 4.526%, reflecting a decrease of 0.075%.
The Bloomberg Commodity Index (BCOMTR:IND) indicates a 0.40% decline, with a value of 230.67 and a change of -0.93. The UBS Bloomberg CMCI (CMCITR:IND) and Reuters/Jefferies CRB (CRYTR:IND) also experienced downturns of 0.41% and 0.51%, respectively. The Rogers International Index (RICIGLTR:IND) reported a decrease of 0.74%. Additionally, the S&P GSCI (SPGSCITR:IND) recorded a significant drop of 1.25%, closing at 3,450.43 on 11/24/2023, with a high of 3,496.29 and a low of 3,442.64.
Shifting to the energy sector, WTI Crude Oil (CL1:COM) and Brent Crude (CO1:COM) both saw decreases of 0.77% and 0.68%, respectively. RBOB Gasoline (XB1:COM) registered an increase of 0.98%, reaching 218.64, with a high of 218.64 and a low of 216.51. Natural Gas (NG1:COM) reported a decline of 2.31%, with a price of 2.79, a change of -0.07, and a high and low of 2.86 and 2.78, respectively. Heating Oil (HO1:COM) exhibited a slight increase of 0.07%, with a price of 283.78, a change of +0.21, and a high and low of 284.07 and 282.71.
Moving to precious and industrial metals, Gold (GC1:COM) increased by 0.55%, closing at USD 2,034.70, with a change of +11.20, and a high and low of 2,040.35 and 2,024.65. Silver (SI1:COM) rose by 1.43%, reaching 25.05, with a change of +0.35, and a high and low of 25.22 and 24.55, respectively. Copper (HG1:COM) experienced a decrease of 0.80%, with a price of 380.20, a change of -3.05, and a high and low of 383.00 and 379.80. Platinum (XPTUSD:CUR) declined by 1.41%, closing at 921.55, with a change of -13.20, and a high and low of 934.75 and 920.00.
In the agriculture sector, Corn (C 1:COM) and Wheat (W 1:COM) both recorded declines of 1.45% and 2.90%, respectively. Cocoa (CC1:COM) reported a 1.00% increase, closing at 4,130.00, with a change of +41.00, and a high and low of 4,147.00 and 4,084.00. Cotton #2 (CT1:COM) and Live Cattle (LC1:COM) experienced decreases of 2.14% and 1.18%, closing at 79.26 and 168.95, with changes of -1.73 and -2.02, and highs and lows of 80.71, 78.70, and 170.60, 168.10, respectively.
On Tuesday, November 28, 2023, a series of economic indicators are scheduled for release. At 9:00 AM EST, the FHFA House Price Index will provide insights into month-over-month and year-over-year changes, with a low impact. Simultaneously, the Case-Shiller Home Price Index will be disclosed, focusing on 20-city adjusted month-over-month, 20-city unadjusted year-over-year, and 20-city unadjusted month-over-month changes, with a medium impact.
At 10:00 AM EST, the Richmond Fed Manufacturing Index will be released, presenting an index with a low impact. Simultaneously, the Consumer Confidence Index, considered a high-impact event, will be disclosed.
Finally, at 1:00 PM EST, Money Supply data will be made public, including month-over-month percentage change, M2 Level, and month-over-month dollar change, with a low impact. The actual results for all these indicators will be known post-release.