U.S. Natural Gas Falls as December Contract Expires

The 10-year Treasury yield has fallen below 4% as U.S. consumer confidence has declined sharply, reflecting growing concerns about the economic outlook. This drop in consumer sentiment is indicative of a potential slowdown in spending and economic activity.

Oil futures have declined for the fourth time in five sessions following reports that Ukraine has agreed to a U.S.-drafted peace plan aimed at resolving the ongoing conflict with Russia, although some details remain unresolved.

U.S. consumer confidence has sharply declined in November, as reported by the Conference Board, indicating growing concerns among consumers regarding the economic outlook. This drop reflects a significant shift in sentiment, which could impact spending behaviors during the critical holiday season.

The S&P Cotality Case-Shiller National Home Price Index reported a 1.3% increase in home prices over the past year, marking the slowest growth since mid-2023, amid rising affordability concerns. This trend highlights the ongoing challenges in the U.S. housing market, where many potential buyers are facing financial constraints.

Federal Reserve official Christopher Waller indicated that a rate cut in December is appropriate, but the likelihood of action in January remains uncertain. This statement reflects ongoing deliberations within the Fed regarding monetary policy direction amid fluctuating economic indicators.

Prime Minister Mark Carney is considering attending the 2026 World Cup draw at the Kennedy Center in Washington on December 5, as the U.S., Mexico, and Canada prepare to co-host the tournament. This comes amid stalled trade talks between Canada and the U.S., raising questions about the future of economic relations.

U.S. natural gas futures began the week with losses, settling higher than initial lows as forecasts predict colder weather later this week and into December. This fluctuation reflects ongoing volatility in the energy market, influenced by changing weather patterns.

President Trump is investing $80 billion to revitalize the U.S. nuclear-power industry, which has faced significant challenges in recent years. This initiative aims to boost the production of large nuclear reactors, potentially positioning the U.S. as a leader in nuclear energy once again.