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MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI: UK OCT TRADE BALANCE GBP -3.72BN

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AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Equities Roundup: Paring Early Gains, Energy and IT Shares Weighing

US STOCKS
  • Stocks have trimmed early gains to mildly weaker ahead midday, DJIA underperforming. Currently, the DJIA is down 165.7 points (-0.41%) at 40423.38, S&P E-Minis down 14.25 points (-0.26%) at 5484, Nasdaq down 44.3 points (-0.3%) at 17311.71.
  • Energy and Information Technology sectors underperformed in the first half, weaker crude (WTI -1.30 at 75.86) weighing on oil and gas shares: EOG Resources -2.33%, APA -2.24%, Valero -2.14%. Meanwhile, Information Technology sectors traded weaker: First Solar - 2.07%, Enphase -1.95%Micron -1.55%. A notable exception was ON Semiconductor +10.5% after reporting better than expected earnings this morning.
  • Conversely, Consumer Discretionary and Communication Services outperformed ahead midday, Tesla +4.33% buoyed the former (while GM traded -0.34%, Ford -2.1%). Media and Entertainment shares supported the Communication Services sector: Charter Communications +3.11%, Disney +1.96%, Live Nation Entertainment +1.45%.
  • Earnings announcement expected after today's close include: SBA Communications, Welltower, Chesapeake Energy, Lattice Semiconductor and Sybmotic.

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