2025-12-03 17:05:00
The major European stock indices are closing mixed on the day:
- German DAX -0.12%
- France’s CAC, +0416%
- UK’s FTSE 100 -0.10%
- Spain’s Ibex +0.68%
- Italy’s FTSE MIB +0.06%
As London/European traders head for the exits, the major US stock indices are mixed
- Dow industrial average is up 191 points or 0.40% at 47667
- S&P index is up 5.24 points or 0.08% at 6835.
- The NASDAQ index is down -22 points or -0.09% at 23391.74
US yields are lower but off the lows levels:
- 2-year yield 3.499%, -1.6 basis points
- 5 year yield 3.639%, -0.9 basis points
- 10 year yield 4.073%, -1.5 basis points
- 30 year yield 4.740%, unchanged.
Looking at other markets:
- Crude oil is trading up $0.30 at $58.98.
- Gold is trading down $3 and $4202
- Silver is down $0.29 at $58.15.
- Bitcoin is up $1100 and $92,422.
The U.S. ISM Non-Manufacturing PMI edged up to 52.6 in November from 52.4, slightly above expectations and signaling continued, modest expansion in the services sector. Business activity improved to 54.5, and employment strengthened to 48.9, its best reading since May—though still below the 50 contraction line. New orders softened notably to 52.9, the weakest since September, while prices paid eased sharply to 65.4 from 70.0, suggesting some cooling in input inflation pressures. Other components showed broad stabilization, with backlogs, export orders, and imports all improving from the prior month. Respondent commentary pointed to persistent tariff-related uncertainty, mixed economic conditions, margin pressures, affordability challenges, and uneven demand across industries, though pockets of optimism remain as supply chains stabilize and some sectors finish the year with solid activity.
