Global Markets Boosted by Fed Rate-Cut Hopes; U.S. Markets Closed for Thanksgiving

Gold prices have remained steady and are on track for a fourth consecutive monthly gain, buoyed by optimism surrounding a potential interest rate cut by the Federal Reserve next month. This sentiment has been reinforced by comments from Fed officials and recent economic data suggesting a weakening labor market.

Canada has recently struck a pipeline deal with Alberta aimed at diversifying its oil exports beyond the United States, a move highlighted by Mark Carney's assertion that the trading relationship with the U.S. has shifted from being a strength to a weakness.

A rebound in global tech stocks has continued, positively impacting markets in Asia while U.S. markets were closed for Thanksgiving. This upward trend reflects a growing confidence among investors in the tech sector, particularly in AI-related stocks, which have shown resilience despite previous declines.

Poland has announced plans to purchase AIM-120D-3 missiles from the United States to enhance its F-35 fleet. This acquisition is part of Poland's ongoing efforts to modernize its military capabilities and strengthen its defense posture.

Emerging-market assets experienced a halt in their recent rally on Thursday, with currency gauges remaining stable and stocks declining slightly due to reduced trading activity linked to the Thanksgiving holiday. This pause follows a week marked by volatility and concerns over market conditions.

The U.S. is poised to meet the energy demands of a $2.5 trillion A.I. datacenter building boom through diverse energy sources, including solar, batteries, natural gas, and nuclear power. This adaptability in energy infrastructure is crucial as the A.I. sector continues to expand rapidly.

Oil prices remain subdued as analysts anticipate thin trading volumes during the Thanksgiving holiday, reflecting a cautious market sentiment. This period typically sees reduced trading activity, which may lead to less volatility in oil prices.

Oil prices remained stable, with Brent and WTI experiencing slight declines as market fundamentals showed little change. ING noted that the U.S. Thanksgiving holiday is likely to contribute to a muted oil market in the near term.