Weekly Market Overview:
November 27-30
November 27-30
The US stock market closed higher on Thursday.
The Dow Jones gained 0.67%, the S&P 500 rose 0.69%, and the Nasdaq added 0.82%. The US 10-year yield inched down to 3.99%.
Gold futures increased 0.45% to $4221.30, while Brent crude rose 0.33% to $63.34. The KASE index grew 1.06%.
Across the S&P 500 sectors, Basic Materials led the gains, with Communication Services being the only sector in the red.
- European markets edged higher as investors paused after a strong rally, with attention turning to global growth signals and central-bank expectations.
- The U.S. dollar weakened amid thin holiday trading, heading for its biggest weekly drop in months on expectations of future rate cuts.
- Asian markets were mixed as concerns over China’s economic momentum offset optimism from easing financial conditions globally.
- Bond yields stabilised in Europe as investors awaited clearer signals from the Federal Reserve and other major central banks.
- Bank of America expects moderate growth for the S&P 500 in 2026 amid ongoing recession risks.
- AI is already capable of replacing nearly 12% of the US workforce.
- OPEC+ may freeze oil production growth amid a record supply glut, and the dollar is posting its sharpest weekly decline in four months on expectations of Fed easing.
Construction of a meat processing plant by Eurasia Agro Semey LLC is underway in the Abay region, with an investment volume of KZT 7.7 billion. The plant will process up to 11,400 tons of meat products per year, including canned goods, sausages, semi-finished products, and meat delicacies. Its capacity will allow it to process 70 head of cattle and 700 head of small cattle per shift. Construction is on schedule, and the plant is scheduled to be fully operational in August 2026.
The US stock market closed higher on Friday.
The Dow Jones rose 0.61%, the S&P 500 gained 0.54%, and the Nasdaq added 0.65%. The US 10-year yield slipped by 1 b.p. to 4.01%.
Gold futures increased 1.25% to $4254.90, while Brent crude advanced 1.52% to $62.38. The KASE index edged down 0.25%.
Across the S&P 500 sectors, Energy led the gains, while Healthcare was the only sector to finish in the red.
The Dow Jones rose 0.61%, the S&P 500 gained 0.54%, and the Nasdaq added 0.65%. The US 10-year yield slipped by 1 b.p. to 4.01%.
Gold futures increased 1.25% to $4254.90, while Brent crude advanced 1.52% to $62.38. The KASE index edged down 0.25%.
Across the S&P 500 sectors, Energy led the gains, while Healthcare was the only sector to finish in the red.
- A CME platform outage blocked trading in currencies, commodities, stock futures, and other assets, temporarily shutting down key markets, worrying traders as the month drew to a close.
- Investors put aside fears of an "AI bubble": expectations that the Federal Reserve will cut rates in December are reviving optimism, supporting markets despite the tension.
- Global stock markets ended a nine-week streak of capital inflows, with investors withdrawing $4.48 billion from mutual funds—the first outflow in 10 weeks, partly due to the overvaluation of the tech sector and general caution.
- Brent and WTI crude oil prices rose after OPEC+ confirmed plans to maintain a pause in production increases in the first quarter, while silver and copper hit new record highs.
- The Chinese stock market opened December with gains in metals stocks, despite data showing a continued contraction in industrial activity in November.
- BYD Co. (a Chinese auto and electronics maker) will update the software of nearly 90,000 plug-in hybrid vehicles in China after the national regulator said manufacturing defects in battery packs posed a safety risk.
The SMART Driving Technology engineering center has opened in East Kazakhstan. This marks a new stage in the development of the Lu Ban Workshop, a key project for Kazakhstan-China cooperation in engineering education. Since its inception, the Lu Ban Workshop has become more than just a training facility, but a modern educational and innovation center focused on training specialists for the automotive industry of the future.