- Ahead of the holidays, stocks moved in narrow ranges and the dollar was close to its weakest point in nearly three months.
- A gauge for Asian equity benchmarks was mostly unchanged as AI stocks fell following a lukewarm reaction from investors to Nvidia's earnings. European and US stock futures were little changed as trading became more subdued in the run-up to a holiday in Japan and Thanksgiving in the United States on Thursday.
- Mainland Chinese shares fell, with IT and industrial companies leading the way. According to Hao Hong, chief economist at Grow Investment, Chinese stocks will remain at present levels for some time.
- The offshore yuan extended its winning streak to a fifth day after China's central bank set the currency fixing at the highest level since June; the yuan had previously soared over the daily reference rate for the first time since July.
- Binance and its CEO Changpeng "CZ" Zhao pleaded guilty to anti-money-laundering and US sanctions violations as part of a sweeping settlement with the US, allowing Binance to continue operating, though Zhao stepped down as CEO and will be replaced by Richard Teng. Bitcoin fell as much as 3.2% to $35,663, and Ether fell as much as 2.8% to $1,930.75 before paring the loss.
- Oil prices steadied, with signs of another stockpile build in the US ahead of a OPEC+ meeting on supply this weekend. Markets took news of a limited pause in fighting between Israel and Hamas in stride. Israel's deal with Hamas will free about 50 hostages in exchange for a four-day pause in fighting in the Gaza Strip and some Palestinians will be released from Israeli prisons.
