On Wednesday, November 27th, U.S. markets ended lower, with the Nasdaq suffering the steepest losses as technology stocks led the decline. Concerns over the Federal Reserve’s cautious stance on interest rate cuts resurfaced after data indicated stubbornly high U.S. inflation.

According to economic data, the PCE price index rose 2.3% annually in October, up from 2.1%, while core PCE inflation edged higher at 2.8%. Personal spending and income exceeded expectations, and Q3 GDP growth held steady at 2.8%.

Asia Markets Today

Eurozone at 06:00 AM ET

• The European STOXX 50 index was down 0.03%.
• Germany’s DAX rose 0.12%.
• France’s CAC gained 0.04%.
• The FTSE 100 index traded lower by 0.09%.

Commodities at 06:00 AM ET

• Crude Oil WTI was trading lower by 0.51% at $68.37/bbl, and Brent was down 0.82% at $72.17/bbl.
• Oil prices fell over 3% this week as the Middle East ceasefire eased supply risks, while 2025 forecasts indicate excess supply despite expected OPEC+ cuts.
• Natural Gas gained 3.50% to $3.314.
• Gold was trading higher by 0.82% at $2,686.59, Silver was up 1.92% to $31.142, and Copper slid 0.05% to $4.1363.

U.S. Futures at 06:00 AM ET

Dow futures gained 0.31%, S&P 500 futures were up 0.30% and Nasdaq 100 futures rose 0.40%.

Forex at 06:00 AM ET

The U.S. dollar index fell 0.18% to 105.95, the USD/JPY was down 1,07% to 149.91, and the USD/AUD slid 0.05% to 1.5379.

Photo by Pavel Bobrovskiy via Shutterstock