MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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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What Data Risk? Nasdaq, Eminis Make New All-Time Highs

US STOCKS
  • Stocks continue to extend gains in late Wednesday trade, Nasdaq marking new all-time-high of 17,151.44. Meanwhile, S&P Eminis climbing to 5360.00 session high -- not far off all-time-high of 5368.25 on May 23, DJIA around 38,830.0 still off May 17 all-time-high of 40,003.59.
  • Information Technology and Communication Services sectors continued to lead gainers in late trade, semiconductor makers supporting the former: Applied Materials +5.83%, Lam Research +5.36%, Broadcom +5.35%, Micron +5.14%. Notable mention: cyber security company Crowdstrike surged 10.85% after beating Q1 results.
  • Interactive media and entertainment shares buoyed the Communication Services sector: Meta +2.36%, Netflix +2.11%, News Corp +1.89%.
  • On the flipside, Consumer Staples and Utility sector shares underperformed: household and personal products weighed on Staples as they unwound the prior session' support: Brown-Forman-5.36%, Bunge Global -3.62%, Target -2.27. Multi energy providers weighed on the Utility sector: Eversource -1.83%, DTE -1.47%, First Energy -1.39%.
  • Meanwhile, notable earnings releases still to come this week: Five Below Inc, Semtech Corp, Victoria Secret, Toro, Vail Resorts and Docusign.
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