Nine EU nations urge extreme caution on ’Buy European’ policies

Saba Capital has acquired shares in ASA gold & precious metals valued at $1.24 million, as reported by Investing.com. This investment reflects Saba Capital's strategic interest in the precious metals sector, particularly in gold, which is often viewed as a safe-haven asset in volatile markets.

The UK jobs market showed signs of slowing down in November, as indicated by a recent survey, raising concerns ahead of the upcoming budget announcement. This trend reflects a broader economic uncertainty that has been affecting various sectors, including construction, which has seen its sharpest slowdown since the first Covid lockdown.

French President Emmanuel Macron has warned that the European Union (EU) may impose tariffs on China due to a significant trade surplus, criticizing the US approach to China as detrimental to Europe's market position. He noted that the US strategy has redirected Chinese goods towards the EU, exacerbating the trade imbalance.

The U.S. dollar faced significant pressure last week, reaching a five-week low as market participants speculated on a potential interest rate cut by the Federal Reserve. This decline reflects ongoing concerns regarding the dollar's strength amid fluctuating economic indicators and investor sentiment.

Wall Street closed with slight gains as investors reacted to economic data that supports expectations for a Federal Reserve interest rate cut. The market's performance reflects a cautious optimism amid ongoing economic assessments, particularly focusing on inflation indicators.

Prologis has announced updates to its performance stock unit agreements and retirement eligibility terms, reflecting a strategic shift in its compensation structure aimed at aligning executive rewards with company performance. This change is part of a broader trend among corporations to enhance accountability in executive pay.

Skyharbour Resources has successfully raised C$2.1 million to fund its uranium exploration initiatives, a significant step in advancing its projects in the resource sector. This funding is expected to enhance the company's operational capabilities and exploration efforts in the uranium market.

U.S. consumer credit has unexpectedly dipped, falling short of forecasts, which raises concerns about consumer spending and economic health. This decline suggests that consumers may be tightening their budgets amid economic uncertainty.