Asia Markets Mixed as Traders Assess Mixed Economic Data in the Region; Eyes on Major Central Back Decisions

Seeking Alpha01:37 ET

China's Nov Retail Sales Slows as Stimulus Impact Fades; Unemployment Rate Held Steady

Seeking Alpha00:41 ET

U.S., China Extend Key Science & Tech Cooperation Deal Amid Trade, Trump Tensions

Seeking AlphaDec 13 12:30 ET

The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.

In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.

wallstreetcnDec 12 18:24 ET

China to Lift Fiscal Spending to Boost Economy

Dow JonesDec 12 06:57 ET

Here's the Breakdown for November CPI, in One Chart

In One ChartDec 11 08:47 ET · Macro