- The Asia-pacific share index of MSCI reversed a three-day decline. Equities recovered from their lows in Hong Kong and China, where Beijing pushed local governments to increase investment to counteract a slowing economy. Meanwhile, the Chinese city of Chengdu attempted to alleviate a financial shortage among property developers. After small advances on Wall Street overnight, futures in the United States and Europe gained.
- The most recent data from the United States showed a healthy economic recovery, including resilient consumer spending despite continued pricing pressures. According to the minutes of the discussion, Fed members were receptive to removing policy support to combat inflation sooner.
- Short-maturity Treasury yields rose as investors bet on an earlier Fed interest-rate hike, while longer-maturity yields fell, flattening the yield curve. Due to the Thanksgiving holiday in the United States, there is no cash treasury trading. Treasury futures fell somewhat. The US dollar fell from a 16-month high.
