U.S. Equity Markets finished Wednesday higher led by the 0.97% gain in the NASDAQ 100. Markets finished positive following a rather uneventful trading day before the Thanksgiving holiday. Investors were given optimistic news from the Federal Open Market Committee’s November Minutes, showing a vast majority of officials expected rate hikes to slow soon. Markit Purchasing Managers’ Index (“PMI”) indicated easing pricing while near-term consumer inflation expectations dipped. October’s Durable-Goods orders strengthened while Jobless Claims moved higher. Investors are looking toward next week right now. The Thanksgiving holiday presents a limited amount of economic news the rest of the week. Within the S&P 500 Index, 10 of the 11 sectors finished higher. European Markets also closed positive. Markets ended largely higher as PMI data influenced the macro narrative. Investors are anticipating an economic contraction in the fourth quarter. Euro-Zone showed a slight easing in its flash PMI as pricing pressures appear to be levelling off, but still within contraction territory. A Reuters poll of economists showed the majority expect the Bank of England to hike rates by 50-basis points in December. And the European Central Bank is expected to continue its current pace of rate hikes into next year. In Asia, Equities ended positive Wednesday as investors shrugged off a growing number of lockdowns in China amid another step higher in COVID-19 cases. The People’s Bank of China adviser Wang Yiming said he sees China’s 2023 gross-domestic-product (“GDP”) growth above 5% if the COVID outbreak simmers down. However, China’s daily COVID infections are nearing its April peak with several cities including Shanghai enforcing restrictions again. Meanwhile, the Reserve Bank of New Zealand raised rates by 75-basis points, but officials were more hawkish in commentary as a 100-basis point increase was discussed. Elsewhere, Oil fell 4.34% while Gold closed higher by 0.66% after a volatile session.

 

To mark my 2675th issue of TraderNoble Daily Commentary I am offering a special 2-Year Rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day to demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it has made 102 points yesterday and is now ahead by 3963 points for November, after finishing October with a record gain of 9619 points, making 6660 points in September, after closing August with a gain of 2228 points, having made 2660 points in July, following a gain of 3371 points in June. The Service made 3651 points in May, after making 762 points in April, following a gain of 5883 points in March. The Platinum Service made an impressive 5324 points in February, after ending January with a gain of 3878 points, more than making up for December’s 932 points loss. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points. I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking HERE Please subscribe to this for new interview notification 

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