Daily global market review
Heading into the Thanksgiving Day holiday, the market presented investors with reasons for gratitude. The positive momentum was bolstered by NVIDIA's strong earnings report, despite a sell-the-news response, as well as encouraging news on initial jobless claims and a temporary pause in Israel-Hamas fighting linked to a hostage release deal. The fear of missing out on potential gains also played a role in driving the major indices higher for the month.
Although gains were modest, they were supported by broad-based buying interest and a lack of selling interest at the index level. Advancers outnumbered decliners, with a 9-to-5 margin at the NYSE and a 13-to-8 margin at the Nasdaq. Notable performances included a 0.5% gain for the Invesco S&P 500 Equal-Weight ETF (RSP) and the Vanguard Mega-Cap Growth ETF (MGK).
Certain individual stocks, such as Deere, Guess, Urban Outfitters, Nordstrom, and Autodesk, experienced declines following their earnings reports. Tesla also broke below its 50-day moving average. Despite these fluctuations, the market maintained a predominantly positive disposition, even following the news of the closure of Rainbow Bridge at Niagara Falls after a vehicle explosion. Law enforcement officials did not attribute this incident to terrorism.
All sectors, except for energy, closed higher, with gains ranging from 0.1% to 0.9%. The energy sector faced challenges throughout the day due to a volatile session for oil prices, triggered by a report of OPEC+ delaying its meeting until November 30. The delay was suggested to be linked to Saudi Arabia's dissatisfaction with the oil production levels of other members, implying overproduction. Prices rebounded on the expectation that Saudi Arabia would work to address this overproduction.
Trading volume was light, as expected ahead of the holiday, with a reminder that the stock market would be closed on Thursday and trading ending early at 1:00 p.m. ET on Friday.
In terms of economic data, initial jobless claims for the week ending November 18 decreased, supporting expectations for decent growth in nonfarm payrolls. Durable goods orders for October declined more than expected, signaling a softening environment in manufacturing. The final reading for the University of Michigan Consumer Sentiment Index for November showed a decline for the fourth consecutive month, with a notable jump in inflation expectations. The MBA Mortgage Applications Index was up 3.0% week-over-week, with both refinance and purchase applications showing increases.
In the financial landscape, the 10-year Treasury Note remained unchanged, holding at 4.42%. At the New York Stock Exchange (NYSE), there were 1811 advancing stocks and 1014 declining ones, with a trading volume of 705 million. On the Nasdaq, 2675 stocks advanced while 1597 declined, with a substantial trading volume of 3.87 billion.
In terms of industry performance, there was strength observed in communication services, consumer staples, health care, and consumer discretionary sectors, while the energy sector exhibited weakness.
Several factors influenced market movements, including robust results and reassuring guidance from NVIDIA (NVDA), contributing to positive sentiment. Mega-cap stocks continued to lead the market, and seasonal trends also played a role in shaping market dynamics.
A noteworthy event affecting the market was the decision by OPEC+ to delay its weekend meeting until November 30 without providing an explanation. This news coincided with a drop in oil and gas prices, perceived as a relief point for consumers. These combined factors contributed to the overall market trends and investor sentiment during the observed period.
The market indices for various regions experienced diverse movements in prices, changes, and percentage changes. In the United States, the Dow recorded a price of 35,273.03, marking a positive change of +184.74 and a percentage change of 0.53%. Similarly, the S&P 500 closed at 4,556.62 with a change of +18.43 (0.41%), and the NASDAQ reached 14,265.86, reflecting a change of +65.88 (0.46%). The VIX showed a decrease, closing at 12.87 with a change of -0.48 and a percentage change of 3.60%. In Canada, the S&P/TSX Composite had a marginal increase of +3.99 (0.02%) and closed at 20,113.96, while the S&P/TSX 60 inched up by +0.17 (0.01%) to reach 1,212.85. In Brazil, the BOVESPA closed at 126,036.66, up by +410.63 (0.33%), and in Chile, the S&P IPSA recorded a change of +10.33 (0.18%) to close at 5,800.57. In Mexico, the S&P/BMV IPC closed at 52,728.66 with a change of +224.37 (0.43%).
In Europe, the STOXX Europe 50 increased by +7.83 (0.20%) to reach 3,956.13, while the STOXX Europe 600 showed a change of +1.39 (0.30%) to close at 457.24. In the United Kingdom, the FTSE 250 recorded a positive change of +132.54 (0.72%), closing at 18,480.17, while the FTSE 100 experienced a slight decrease, closing at 7,469.51 with a change of -12.48 (0.17%). Germany's DAX increased by +57.29 (0.36%) to close at 15,957.82, and Italy's FTSE MIB saw a marginal change of +1.49 (0.01%) to reach 29,154.91. France's CAC 40 closed at 7,260.73, showing a change of +31.28 (0.43%), and Switzerland's SMI increased by +50.16 (0.47%) to reach 10,832.39.
In Asia, Japan's Nikkei 225 closed at 33,451.83 with a positive change of +97.69 (0.29%). Hong Kong's Hang Seng showed a minimal change of +0.71 (0.00%), closing at 17,734.60. China's Shanghai Composite experienced a decrease, closing at 3,043.61 with a change of -24.32 (0.79%), while the Shenzhen Composite recorded a larger decrease of -141.43 (1.41%) to reach 9,855.66. Australia's S&P/ASX 200 remained unchanged at 7,073.40. In South Korea, the KOSPI showed a slight increase of +1.28 (0.05%), closing at 2,511.70, and Taiwan's Taiwan SE closed at 17,310.26 with a change of -106.44 (0.61%). In India, the Bombay Sensex closed at 66,023.24 with a positive change of +92.47 (0.14%).
In the recent trading session, notable indices in the Indian stock market reported the following data. The BSE MidCap index concluded at 33,517.21, experiencing a 0.33% increase and a gain of 109.88 points, with its high and low points at 33,553.39 and 33,283.09 on the date of 22/11. Similarly, the BSE Sensex recorded a closing value of 66,023.24, marking a 0.14% increase and a gain of 92.47 points, fluctuating between its high of 66,063.43 and the low of 65,664.85. The BSE SmallCap index ended at 39,577.98, indicating a -0.63% decrease and a loss of -251.62 points, ranging from its low of 39,404.95 to the high of 39,925.82 on the date of 22/11. India VIX reported a closing value of 11.8650, with a high at 12.7075 and a low at 11.0225, reflecting a -3.00% decrease and a loss of -0.3675 points on the date of 22/11. Moreover, the NIFTY Midcap 100 index closed at 42,027.10, with its high and low points at 42,078.30 and 41,676.35, resulting in a 0.34% increase and a gain of 143.60 points. The NIFTY Smallcap 100 index wrapped up at 13,689.95, marking a -1.21% decrease and a loss of -167.85 points, with its high and low points recorded at 13,870.55 and 13,656.05. The Nifty smallcap 50 index closed at 6,370.00, with a -1.39% decrease and a loss of -89.55 points, fluctuating between its high of 6,454.05 and the low of 6,344.75. The Nifty 100 index concluded at 19,818.90, with a high of 19,849.05 and a low of 19,716.95, representing a marginal 0.06% increase and a gain of 12.50 points on the date of 22/11. Furthermore, the Nifty 200 index wrapped up at 10,678.65, indicating a 0.11% increase and a gain of 11.30 points, with its high at 10,689.40 and the low at 10,618.50. The Nifty 50 index ended at 19,811.85, recording a 0.14% increase and a gain of 28.45 points, with its high and low points reported at 19,825.55 and 19,703.85. The Nifty 50 USD index reported a closing value of 8,238.96, experiencing a 0.19% increase and a gain of 15.29 points. The Nifty 50 Value 20 index concluded at 10,625.50, indicating a 0.61% increase and a gain of 64.65 points. The Nifty 500 index wrapped up at 17,627.70, recording a 0.01% increase and a gain of 0.10 points. The Nifty Midcap 150 index closed at 15,625.85, with its high and low points at 15,645.40 and 15,511.00, resulting in a marginal 0.20% increase and a gain of 30.75 points. The Nifty Midcap 50 index ended at 11,941.90, marking a -0.11% decrease and a loss of -12.65 points, with its high and low recorded at 12,001.40 and 11,881.00. The Nifty Next 50 index wrapped up at 46,541.15, showing a -0.38% decrease and a loss of -177.10 points, with its high and low points at 46,851.15 and 46,367.85. Finally, the Nifty Smallcap 250 index concluded at 12,896.20, reporting a -0.85% decrease and a loss of -110.35 points, fluctuating between its high of 13,033.25 and the low of 12,853.90. Additionally, S&P BSE ALLCAP concluded at 8,124.78, with a high of 8,139.82 and a low of 8,083.26, reflecting a -0.01% decrease and a loss of -1.14 points. S&P BSE-100 ended at 20,366.02, with its high and low points at 20,385.09 and 20,256.26, indicating a 0.14% increase and a gain of 29.12 points. S&P BSE-200 finished at 8,736.04, indicating a 0.12% increase and a gain of 10.06 points, with its high at 8,745.49 and the low at 8,689.72. Lastly, S&P BSE-500 wrapped up at 27,880.71, recording a 0.01% increase and a gain of 1.98 points, with its high at 27,924.19 and the low at 27,738.68 on the date of 22/11.
In the realm of cryptocurrencies, the Nasdaq Crypto Index closed at 2,102.27, reflecting a positive change of +104.26 (5.22%). Bitcoin, the prominent digital currency, closed at 37,820.00, marking an increase of +1,855.00 (5.16%), while Ether experienced a more significant percentage change, reaching 2,091.80 with a positive change of +147.80 (7.60%). Litecoin closed at 68.81, showing an increase of +2.17 (3.26%), and XRP reached 0.61, indicating a positive change of +0.03 (5.45%). The latest update for these cryptocurrency values was recorded on November 22 at 4:27:30 PM Eastern Time.
Turning to currency exchange rates, the Euro to US Dollar pair closed at 1.0889, exhibiting a minimal decrease of (0.19%), while the British Pound to US Dollar pair closed at 1.2494, showing a decrease of (0.31%). The US Dollar to Canadian Dollar pair closed at 1.3691, with a slight decrease of (0.08%), and the US Dollar to Swiss Franc pair closed at 0.8838, reflecting a marginal decrease of (0.02%). The US Dollar to Japanese Yen pair closed at 149.5740, showing an increase of (0.83%). The data for currency exchange rates was last updated on November 22 at 4:27:27 PM Eastern Time.
In the realm of bonds and rates, the yields for various Treasury periods exhibited changes. The 3 Month Treasury yield closed at 5.253%, reflecting a slight increase of +0.010. The 2 Year Treasury yield closed at 4.887%, showing a decrease of -0.013. The 5 Year Treasury yield closed at 4.433%, with a positive change of +0.015. The 10 Year Treasury yield closed at 4.409%, remaining relatively stable with a minimal change of -0.000. The 30 Year Treasury yield closed at 4.541%, indicating a decrease of -0.023.
In the financial market overview, various commodity indices experienced fluctuations in their values during the latest trading session. The Bloomberg Commodity Index (BCOMTR:IND) declined by 1.69 points, or 0.72%, settling at 233.28. The UBS Bloomberg CMCI (CMCITR:IND) and Reuters/Jefferies CRB (CRYTR:IND) also saw decreases of 0.94% and 0.69%, respectively, with values of 1,532.53 and 312.58. The Rogers International Index (RICIGLTR:IND) and S&P GSCI (SPGSCITR:IND) exhibited declines of 0.66% and 0.25%, closing at 3,748.73 and 3,522.29, respectively, with the latter reflecting data from November 21, 2023.
In the energy sector, WTI Crude Oil (CL1:COM) and Brent Crude (CO1:COM) both experienced declines, with prices of 76.75 and 81.60 USD/bbl., down by 1.31% and 1.03%, respectively. RBOB Gasoline (XB1:COM) recorded a decrease of 0.43%, closing at 222.42 USd/gal. Natural Gas (NG1:COM) and Heating Oil (HO1:COM) exhibited gains of 1.97% and 1.77%, respectively, with values of 2.90 USD/MMBtu and 287.32 USd/gal.
In the precious and industrial metals category, Gold (GC1:COM) and Silver (SI1:COM) experienced marginal declines, with Gold closing at 2,012.20 USD/t oz. and Silver at 24.04 USD/t oz. Copper (HG1:COM) and Platinum Spot (XPTUSD:CUR) recorded decreases of 0.99% and 1.24%, respectively, with Copper at 381.10 USd/lb. and Platinum Spot at 926.30 USD/t oz. Gold Spot (XAUUSD:CUR) showed a decrease of 0.42%, closing at 1,989.96 USD/t oz. The data for these metals was reported at different times, ranging from 4:06 PM to 4:19 PM (EST).
In the agriculture sector, Corn (C 1:COM) experienced a decline of 0.31%, closing at 487.50 USd/bu. Wheat (W 1:COM) saw an increase of 0.60%, reaching 586.25 USd/bu. Cocoa (CC1:COM) recorded a decrease of 0.83%, closing at 4,084.00 USD/MT. Cotton #2 (CT1:COM) exhibited a slight increase of 0.26%, closing at 80.90 USd/lb. Live Cattle (LC1:COM) decreased by 0.44%, closing at 175.30 USd/lb. The reported times for these agricultural commodities range from 1:29 PM to 2:19 PM (EST).
Previous update:
The S&P 500 concluded the trading session with a marginal 0.2% loss, closing near its daily high. The negative trend was influenced partly by profit-taking activities following substantial gains since late October. Despite this, there was a lack of strong selling conviction during this traditionally robust market period. Both the NYSE and Nasdaq experienced lower-than-average trading volumes. Despite today's slight declines, the S&P 500 and Nasdaq Composite have shown notable gains of 8.2% and 10.5%, respectively, for the month. The market saw some weakness in mega-cap stocks, particularly with NVIDIA and Amazon, which both rebounded from their lowest points as the broader market recovered from session lows. Today's market performance was impacted by mixed earnings reports from retailers, with Lowe's, Best Buy, and American Eagle Outfitters trading down, while Dick's Sporting Goods and Burlington Stores closed higher. Among the S&P 500 sectors, seven recorded losses, with healthcare leading with a 0.6% gain, and information technology experiencing the most significant decline at -0.8%. The FOMC Minutes from the recent meeting suggested a cautious approach by the Federal Reserve, indicating the possibility of monetary policy tightening if incoming data signaled a slowdown in progress towards the Fed's 2.0% inflation target. The market's reaction to the minutes was muted, as they did not reveal new information. In the bond market, the 2-year note yield settled three basis points lower at 4.87%, while the 10-year note yield remained unchanged at 4.42%. This followed news that existing home sales in October were at their slowest annual pace since August 2010, affected by high mortgage rates, selling prices, and limited inventory. The day's economic data included October's existing home sales, which fell slightly below expectations, highlighting ongoing challenges in the housing market. Overall, the market exhibited normal consolidation after recent gains, reacted to varied retail earnings, and awaited NVIDIA's earnings results. Mega-cap stocks showed relative weakness, and despite the seasonal strength, there was a lack of strong selling conviction in the market.
In the United States, the Dow Jones Industrial Average closed at 35,088.29, marking a slight decrease of 62.75 points or 0.18%. Similarly, the S&P 500 finished at 4,538.19, showing a decrease of 9.19 points or 0.20%. The NASDAQ Composite experienced a 0.59% decline, closing at 14,199.98 with a loss of 84.55 points. The VIX, measuring market volatility, decreased by 0.07 points or 0.52%, closing at 13.34. The Russell 2000, reflecting small-cap stocks, closed at 1,783.26, down by 23.82 points or 1.32%. In Canada, the S&P/TSX Composite closed at 20,109.97, showing a decrease of 136.50 points or 0.67%, while the S&P/TSX 60 finished at 1,212.68, down by 8.41 points or 0.69%. In Brazil, the BOVESPA closed at 125,657.53, marking a decrease of 299.53 points or 0.24%. The S&P IPSA in Chile decreased by 51.52 points or 0.88%, closing at 5,790.24. Meanwhile, the S&P/BMV IPC in Mexico finished at 52,470.19, down by 214.91 points or 0.41%.
In Europe, the STOXX Europe 50 closed at 3,948.30, showing a slight increase of 4.53 points or 0.11%. The STOXX Europe 600 decreased by 0.41 points or 0.09%, closing at 455.85. In the United Kingdom, the FTSE 250 closed at 18,347.63, marking a decrease of 251.42 points or 1.35%, while the FTSE 100 finished at 7,481.99, down by 14.37 points or 0.19%. In Germany, the DAX closed at 15,900.53, showing a minimal decrease of 0.80 points or 0.01%. The FTSE MIB in Italy experienced a 1.32% decline, closing at 29,153.42, with a loss of 388.48 points. The CAC 40 in France finished at 7,229.45, down by 17.48 points or 0.24%. The SMI in Switzerland closed at 10,782.23, showing a slight increase of 41.96 points or 0.39%.
In Asia, the Nikkei 225 in Japan closed at 33,354.14, with a decrease of 33.89 points or 0.10%. The Hang Seng in Hong Kong finished at 17,733.89, down by 44.18 points or 0.25%. In China, the Shanghai Composite closed at 3,067.93, showing a minimal decrease of 0.39 points or 0.01%, while the Shenzhen Composite experienced a 0.26% decline, closing at 9,997.09 with a loss of 25.61 points. The S&P/ASX 200 in Australia closed at 7,078.20, remaining unchanged at 0.00%. In South Korea, the KOSPI finished at 2,510.42, showing an increase of 19.22 points or 0.77%. The Taiwan SE closed at 17,416.70, with an increase of 206.23 points or 1.20%. In India, the Bombay Sensex closed at 65,930.77, showing an increase of 275.62 points or 0.42%.
In the most recent trading session, key indices in the Indian stock market reported the following figures. The BSE MidCap index concluded at 33,407.33, with its high and low points at 33,524.07 and 33,373.12, indicating a marginal 0.14% increase and a gain of 45.81 points on the date of 21/11. Similarly, the BSE Sensex recorded a closing value of 65,930.77, with a 0.42% increase and a gain of 275.62 points, fluctuating between its high of 66,082.36 and the low of 65,849.17. The BSE SmallCap index ended at 39,829.60, exhibiting a slight 0.20% increase and a gain of 78.27 points, ranging from its low of 39,806.27 to the high of 40,007.16 on the date of 21/11. India VIX reported a closing value of 12.2325, with a high at 12.4350 and a low at 10.7550, reflecting a 0.70% increase and a gain of 0.0850 points on the date of 21/11. Moreover, the NIFTY Midcap 100 index closed at 41,883.50, with its high and low points at 42,058.95 and 41,843.70, resulting in a marginal 0.06% increase and a gain of 27.05 points. The NIFTY Smallcap 100 index wrapped up at 13,857.80, marking a -0.11% decrease and a loss of -15.00 points, with its high and low points at 13,989.10 and 13,837.75. The Nifty smallcap 50 index closed at 6,459.55, with a -0.07% decrease and a loss of -4.75 points, fluctuating between its high of 6,508.60 and the low of 6,441.35. The Nifty 100 index concluded at 19,806.40, with a high of 19,851.80 and a low of 19,788.05, representing a 0.38% increase and a gain of 75.70 points on the date of 21/11. Furthermore, the Nifty 200 index wrapped up at 10,667.35, indicating a 0.33% increase and a gain of 35.55 points, with its high at 10,690.85 and the low at 10,659.70. The Nifty 50 index ended at 19,783.40, recording a 0.45% increase and a gain of 89.40 points, with its high and low points reported at 19,829.10 and 19,754.05. The Nifty 50 USD index reported a closing value of 8,223.67, experiencing a 0.45% increase and a gain of 37.11 points. The Nifty 50 Value 20 index concluded at 10,560.85, indicating a 0.13% increase and a gain of 13.50 points. The Nifty 500 index wrapped up at 17,627.60, recording a 0.31% increase and a gain of 53.95 points. The Nifty Midcap 150 index closed at 15,595.10, with its high and low points at 15,663.80 and 15,583.25, resulting in a marginal 0.03% increase and a gain of 5.40 points. The Nifty Midcap 50 index ended at 11,954.55, marking a 0.29% increase and a gain of 34.75 points, with its high and low recorded at 11,990.75 and 11,922.00. The Nifty Next 50 index wrapped up at 46,718.25, showing a negligible -0.05% decrease and a minimal gain of 1.35 points, with its high and low points at 46,935.15 and 46,683.95. Finally, the Nifty Smallcap 250 index concluded at 13,006.55, reporting a 0.19% increase and a gain of 25.05 points, fluctuating between its high of 13,079.55 and the low of 12,991.90. Additionally, S&P BSE ALLCAP concluded at 8,125.92, with a high of 8,142.73 and a low of 8,122.63, reflecting a 0.28% increase and a gain of 22.72 points. S&P BSE-100 ended at 20,336.90, with its high and low points at 20,379.07 and 20,316.39, indicating a 0.34% increase and a gain of 68.59 points. S&P BSE-200 finished at 8,725.98, indicating a 0.30% increase and a gain of 25.77 points, with its high at 8,744.85 and the low at 8,720.77. Lastly, S&P BSE-500 wrapped up at 27,878.73, recording a 0.27% increase and a gain of 75.66 points, with its high at 27,938.26 and the low at 27,865.92 on the date of 21/11.
In the crypto market, the Nasdaq Crypto Index closed at 2,038.80, showing a decrease of 34.10 points or 1.65%. Bitcoin finished at 36,932.00, with a decrease of 562.00 points or 1.50%. Ether closed at 1,993.30, showing a decrease of 29.30 points or 1.45%. Litecoin finished at 68.76, with a decrease of 0.74 points or 1.06%. XRP closed at 0.60, showing a decrease of 0.01 points or 2.23%.
In the currency market, the Euro to US Dollar exchange rate closed at 1.0916, reflecting a marginal decrease of 0.23%. The British Pound to US Dollar exchange rate finished at 1.2540, showing a slight increase of 0.30%. Similarly, the US Dollar to Canadian Dollar exchange rate closed at 1.3700, with a minimal decrease of 0.21%. The US Dollar to Swiss Franc exchange rate experienced a marginal decrease of 0.15%, closing at 0.8836. The US Dollar to Japanese Yen exchange rate closed at 148.3520, showing a slight decrease of 0.01%.
In the bonds and rates market, the 3 Month Treasury yield was 5.240%, marking an increase of 0.025%. The 2 Year Treasury yield closed at 4.896%, reflecting a minimal decrease of 0.000%. The 5 Year Treasury yield was 4.416%, showing a decrease of 0.025%. The 10 Year Treasury yield closed at 4.405%, with a decrease of 0.014%. The 30 Year Treasury yield was 4.557%, showing a decrease of 0.013%.
In the commodity markets, the Bloomberg Commodity Index (BCOMTR) experienced a slight increase, gaining 0.26% to reach a value of 234.97, with the highest point at 235.32 and the lowest at 233.97. The UBS Bloomberg CMCI (CMCITR) rose by 0.30%, reaching 1,547.00, with a high and low of 1,547.00 and 1,540.43, respectively. The Reuters/Jefferies CRB (CRYTR) registered a 0.17% increase, reaching 314.75, with a high of 314.75 and a low of 314.21. The Rogers International Index (RICIGLTR) showed a 0.26% rise, reaching 3,774.24, with a high and low of 3,775.53 and 3,750.65. On the other hand, the S&P GSCI (SPGSCITR) demonstrated a notable increase of 1.53%, reaching 3,513.43, with a high of 3,524.41 and a low of 3,454.28, as of November 20, 2023.
Turning to energy commodities, WTI Crude Oil (CL1:COM) experienced a marginal increase of 0.01% to reach 77.84 USD/bbl, with the contract for January 2024. Brent Crude (CO1:COM) rose by 0.24%, reaching 82.52 USD/bbl, also with the contract for January 2024. RBOB Gasoline (XB1:COM) increased by 0.44% to reach 223.58 USd/gal, with the contract for December 2023. Natural Gas (NG1:COM) showed a decrease of 0.80%, reaching 2.86 USD/MMBtu, with the contract for December 2023. Heating Oil (HO1:COM) demonstrated a significant rise of 2.66%, reaching 292.53 USd/gal, with the contract for December 2023.
In the precious and industrial metals category, Gold (GC1:COM) witnessed a notable increase of 1.03%, reaching 2,021.10 USD/t oz, with the contract for February 2024. Silver (SI1:COM) rose by 0.90% to reach 24.18 USD/t oz, with the contract for March 2024. Copper (HG1:COM) experienced a slight increase of 0.09%, reaching 384.45 USd/lb, with the contract for March 2024. Platinum Spot (XPTUSD:CUR) showed a significant rise of 1.57%, reaching 937.86 USD/t oz.
In the agriculture sector, Corn (C 1:COM) increased by 0.26%, reaching 488.75 USd/bu, with the contract for March 2024. Wheat (W 1:COM) demonstrated a notable rise of 2.28%, reaching 583.50 USd/bu, with the contract for March 2024. Cocoa (CC1:COM) experienced a rise of 1.65%, reaching 4,118.00 USD/MT, with the contract for March 2024. Cotton #2 (CT1:COM) showed a decrease of 0.69%, reaching 80.69 USd/lb, with the contract for March 2024. Live Cattle (LC1:COM) witnessed a decrease of 0.33%, reaching 176.08 USd/lb, with the contract for February 2024.
On Wednesday, November 22, 2023, several economic indicators are scheduled for release. At 7:00 AM EST, the MBA Mortgage Applications data will be disclosed, including the Composite Index, Purchase Index, and Refinance Index. No forecasts are provided, but the previous week's values were positive, positive, and positive, respectively. At 8:30 AM EST, the Durable Goods Orders report will be announced, encompassing New Orders, Ex-Transportation, and Core Capital Goods. The previous month recorded positive, positive, and positive, while forecasts for the current month are negative, positive, and positive, respectively. Concurrently, the Jobless Claims data will be released, featuring the 4-Week Moving Average, Initial Claims - Level, and Initial Claims - Change. With a high impact, the last reported values were positive, positive, and positive, with a forecast for Initial Claims - Level. Moving to 10:00 AM EST, the Consumer Sentiment Index and Year-ahead Inflation Expectations will be unveiled, carrying a medium impact. The previous Consumer Sentiment Index was positive, and the Year-ahead Inflation Expectations were positive. The EIA Petroleum Status Report, a high-impact event, will follow at 10:30 AM EST, revealing Crude Oil Inventories, Gasoline Inventories, and Distillate Inventories. Last week's values were positive, negative, and negative, respectively. At noon, the EIA Natural Gas Report will be disclosed, presenting the Week over Week data with a medium impact, and the Baker Hughes Rig Count will conclude the day at 1:00 PM EST, covering North America, Canada, U.S., and Gulf of Mexico.