MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

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

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Late Equities Roundup: S&P Eminis New All-Time Highs

US STOCKS
  • Stocks surged to new all-time highs after the Federal Reserve held interest reates steady but projected three 25bp rate cuts by the end of this year. Currently, S&P E-Minis trades up 45.75 points (0.87%) at 5287.5 high, Nasdaq up 197.3 points (1.2%) at 16364.69, DJIA up 414.46 points (1.06%) at 39527.63.
  • Leading Gainers: Consumer Discretionary and Communication Services sectors outpaced Industrials and Financial sectors that led in the firs half. Car and parts makers buoyed the former with Ford +4.55%, GM +2.65% Borg Warner +2.5%. Interactive media and entertainment shares supported Communication Services in the second half: Paramount surged 8.9% after Apollo Global Management offered $11B to buy the former's Hollywood Studios. Warner Brothers +2.59%, Take Two Interactive +2.21%.
  • Laggers: Health Care and Energy sectors continued to underperform in late trade, pharmaceutical and biotech shares weighed on the former: Insulet -2.49%, AbbVie -1.95%, Moderna -1.78%. Oil and gas stocks traded weaker as crude prices remained under pressure at midday (WTI -1.70 at 81.77): Hess -1.37%, Chevron -0.88%, Diamondback Energy -0.37%.
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