South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Wall Street ended higher on Friday as investors digested U.S. President Donald Trump’s latest comments on China and encouraging earnings from regional banks helped ease concerns over credit risks. Trump acknowledged that his proposed 100% tariffs on Chinese goods would be unsustainable but continued to blame Beijing for stalled trade talks, following China’s move to tighten control over rare earth exports. The tariffs and new export restrictions on critical software are set to take effect on November 1.
Market sentiment improved after a turbulent week for financial stocks. Regional bank shares rebounded sharply following Thursday’s selloff triggered by Zions Bancorporation’s loan losses and Western Alliance’s lawsuit involving Cantor Group V, LLC. Analysts suggested fears over credit quality were overstated, with most banks showing strong fundamentals. Truist Financial gained 3.7% after reporting higher third-quarter profits, while Zions climbed 5.8%, Western Alliance rose 3.1%, and Fifth Third Bancorp added 1.3%.
The S&P Composite 1500 Regional Banks Index advanced 1.8% after a 6% drop the previous day, while the broader S&P 500 financial sector index gained 0.8%. Solid results from JPMorgan and other large banks boosted overall optimism for the third-quarter earnings season. Analysts now expect S&P 500 earnings to grow 9.3%, up from 8.8% earlier in October, according to LSEG I/B/E/S data.
The S&P 500 rose 0.53% to 6,664.01, the Nasdaq gained 0.52% to 22,679.98, and the Dow Jones Industrial Average climbed 0.52% to 46,190.61. Nine of the 11 major S&P sectors advanced, led by consumer staples, up 1.23%. For the week, the S&P 500 rose 1.7%, the Nasdaq 2.1%, and the Dow 1.6%. Market volatility eased, with the CBOE VIX dropping to 21.5 points. Tesla gained 2.5%, Apple rose 2%, and Amazon slipped 0.7%. Eli Lilly fell 2% after Trump vowed to lower weight-loss drug prices, while State Street declined 1.4% on weaker net interest income.
