How GLP-1s changed Thanksgiving

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.

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.

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.

Global markets experienced a rise driven by optimism surrounding a potential interest rate cut by the Federal Reserve, alongside renewed investor interest in artificial intelligence. U.S. markets were closed on Thursday for the Thanksgiving holiday, limiting trading activity domestically.

U.S. natural gas futures experienced an increase ahead of the Thanksgiving holiday, buoyed by forecasts of colder weather expected over the weekend and into the following week. This rise reflects market responsiveness to weather patterns that can significantly impact demand for natural gas.

Tech stocks have led a rally in US equities, buoyed by increasing expectations for interest rate cuts, which has fostered optimism among traders as they approach the Thanksgiving holiday. The dollar has weakened in response to these developments.

Wall Street futures have shown a positive trend as optimism grows regarding a potential interest rate cut by the Federal Reserve in December, coinciding with the Thanksgiving week. This follows a period of volatility in the markets, particularly affecting technology stocks.