World Market News of the 1 December with FXOpen #dowjoneslive #sp500 #nasdaq100 #usinflation #opec

SWEET NOVEMBER The Dow Jones Industrial Average rallied Thursday to a new high for the year, with soft inflation data and strong Salesforce earnings capping the benchmark’s best month since October 2022. The 30-stock Dow gained 520 points, or %, to close at 35,, surpassing its previous high for the year in August. The S&P 500 added 0.4% to 4,. The Nasdaq Composite, however, slipped 0.2% to 14, as investors booked profits in Big Tech stocks that have led the November comeback. The Dow snapped its three-month losing streak to end November 8.9% higher. The S&P 500 also rose 8.9% in November, while the Nasdaq advanced 10.7% — their best monthly performances since July 2022, and about 1% shy of their respective 2023 highs. Source: CNBC US INFLATION WATCH Inflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive to hold rates steady and perhaps start cutting in 2024, according to data released Thursday. The personal consumption expenditures price index, excluding food and energy prices, rose 0.2% for the month and 3.5% on a year-over-year basis, the Commerce Department reported. Both numbers aligned with the Dow Jones consensus and were down from their respective readings of 0.3% and 3.7% in September. Headline inflation was flat on the month and at a 3% rate for the 12-month period, the release also showed. Energy prices fell 2.6% on the month, helping keep overall inflation in check, though food prices rose 0.2%. Souce: CNBC NO DEEPER OPEC CUTS The influential Organization of the Petroleum Exporting Countries and allies, collectively known as OPEC , on Thursday opted against formally deepening production cuts, but de facto leader Saudi Arabia extended its 1 million barrel per day voluntary reduction into the first quarter, and other members announced more cuts. Meanwhile, Brazil is set to join OPEC from January. Source: CNBC 🌐 FXOpen official website: Join us on our social networks: ✅ ✅ ✅ ✅ CFDs are complex instruments and come with a high risk of losing your money.