Macro Scenes:
- US markets closed: US stock exchanges closed for the Thanksgiving holiday. The futures markets were mixed, with both Dow futures and S&P 500 futures up 0.06% and Nasdaq futures down 0.07%.
- USD lower: The USD index was slightly lower in thin liquidity, lifting other major currencies. The British pound has hit the highest level against the US dollar since 6 September amid higher-than-expected flash manufacturing PMI data.
- Gold gained: The precious metal rose slightly, cutting some losses from Wednesday due to a softened US dollar.
- Crude oil extended losses: Crude futures continued to fall after OPEC+ delayed the output meeting to 30 November. The US crude inventory increased more than expected for the week ending 17 November.
- Asian markets to open mixed: The ASX 200 futures rose 0.21%, the Hang Seng Index futures fell 0.39%, and Nikkei futures were up 0.83%.
Chart of the Day:
AUD/USD, daily – The pair has formed a potential head-and-shoulder bottom reversal pattern, facing near-term potential resistance of about 0.66. Hence, the potential near-term support can be found at the neckline of about 0.6470.
Company News:
- Origin Energy (ASX: ORG) may face fluctuation at open as AustralianSuper said it would reject a revised proposal by Brookfield. The superannuation fund owns about 17% of
- Virgin Money (ASX: GBX) is set to slump following the full-year result. The UK-based digital bank reported a 42% drop in its profit for the fiscal year 2023 due to a hefty provision charge.
Today’s Agenda:
- New Zealand Retail Sales for Q3
- Japanese National Core CPI for October
- Canadian Retail Sales for September
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