Silver Hits Fresh Record on Supply Tightness, Rate-Cut Hopes

Chinese stocks have demonstrated resilience despite the financial troubles faced by Vanke, once the largest property developer in the country, indicating a shift in market dynamics where technology has emerged as the primary driver of stock performance.

Australia's Treasury Wine has announced a potential impairment of its U.S. assets, leading to a significant drop in its share price, which has now reached a decade low. This development highlights ongoing challenges faced by the company in the U.S. market, raising concerns among investors about its financial health.

Russia is preparing for its inaugural sale of yuan-denominated sovereign bonds, marking a significant step in bolstering China's ambitions to elevate the global status of its currency. This move is expected to enhance financial ties between Russia and China, reflecting a growing reliance on the yuan in international trade.

Asian stocks experienced fluctuations between gains and losses following modest increases in the US markets, as investors shifted their focus to upcoming economic data and an anticipated interest-rate cut by the Federal Reserve this month.

On Black Friday, brands like Edikted, Kendra Scott, and Bath & Body Works attracted the most shoppers in crowded stores across the US, indicating a shift in consumer preferences during the holiday shopping season.

Fixed-maturity funds, popular among individual investors, have amassed $260 billion, significantly influencing the credit market by acquiring substantial amounts of corporate debt. This influx is reducing borrowing costs for large companies while simultaneously obscuring the risks associated with repayment.

The upcoming holiday season in the US is expected to reflect a divide, with wealthier consumers likely to spend more while others face financial constraints. Average salaries have risen, and certain regions report high household incomes, suggesting a robust market for luxury goods.

Italy’s Borromeo family has announced the listing of a company that manages real estate sites, including a group of islands on Lake Maggiore, with the intention of transforming the area into a competitive tourism and business hub to rival Lake Como.