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MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

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EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

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MNI: US OCT CONSTRUCT SPENDING +0.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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Late Equities Roundup: Off Lows, IT, REITS Lagging

US STOCKS
  • Stocks are still weaker in late trade, but see-sawing off session lows little reaction to the November FOMC minutes where officials expressed continued caution regarding sticky inflation after deciding to hold interest rates steady for the second straight meeting. Currently, DJIA is down 89.16 points (-0.25%) at 35061.9, S&P E-Mini futures down 14 points (-0.31%) at 4548, Nasdaq down 90.8 points (-0.6%) at 14193.75.
  • Laggers: Information Technology, Real Estate and Consumer Discretionary sector shares underperformed in late trade, semiconductor shares weighing on the former: On Semiconductors -3.35%, Solar Edge -3.06%, Intel -3.04%, Applied Materials -2.8%. Real Estate Investment Trusts, particularly hotel and office REITS weighed on RE: Boston Properties -2.63%, Host Hotels -1.25%. Broadline retailers weighed on the Consumer Discretionary sector with Etsy -1.76% and Amazon -1.84% (headlines reporting Bezos intent to be an ongoing aggressive seller Tuesday).
  • Leading gainers: Health Care, Materials and Consumer Staples sectors outperformed, equipment and services supported the Health Care sector: Medtronic +4.37%, Dentsply Sirona +4.04%. Metals and mining stocks support the Materials sector: Newmont +2.65%, Freeport McMoRan +1.02%, Steel Dynamics +0.98%. Consumer Staples, meanwhile, were buoyed by retail distributors: Walmart +0.95%, Dollar General +0.79%, Target +0.55%.
  • Corporate earnings still expected this week: HP, Autodesk, Nvidia and Nordstrom after Tuesday's close.
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