Market Watch: Markets are mixed

Financial and commodity markets analytics

Markets in Asia were mixed on Friday, with Nikkei 225 climbing nearly 1% on its return from a holiday. Hong Kong’s Hang Seng looks set to finish the week on a weaker note, down about 1%, while Chinese CSI 300 slipped 0.5%. U.S. markets were shut Thursday for the holiday and will resume trading for the first half of Friday.

The dollar was restrained on Friday by uncertainty over the path of interest rates, while the single european currency held overnight gains as data hinted that the downturn in the euro zone may be easing. The dollar index is down for about 0.029%, staying close to the low it touched earlier this week.

The OPEC alliance has delayed its next meeting by four days. Oil prices, which had lunged lower again over the past two days amid a chaotic postponement of this OPEC+ meeting, held steady on Friday. U.S. crude hovered just above $76.
Gold held steady on Friday, set for its 2nd consecutive weekly gain.

Asia Pacific
Japan's core consumer price growth is up slightly in October, after easing a month earlier, reinforcing investors' views that inflation may push the Bank of Japan to roll back monetary stimulus soon.
Japan passed on Friday an extra budget worth $88 billion aimed at helping households cope with the rising cost of living.

Aussie and Yen is trading sideways.

Europe
Better (than forecast) flash European business readings, released on Thursday, tee up surveys later in the day for the US and may be contributing to a back-up in bond yields. In Europe, data showed Germany's economy shrank slightly in the Q3, confirming an initial estimate of a 0.1% fall. Finance Minister Lindner is set to propose a supplementary budget for this year, which includes the suspension of limits on new borrowing after a budgetary crisis.

The Euro is trading within range on Friday while the Sterling has managed to renew the recent high.

America
U.S. markets reopen after Thanksgiving day for a truncated trading session. Markets have dialed back expectations of rate cuts in 2024 after data showed number of filing new claims for unemployment benefits fell more than expected. However, the stronger than expected jobs data did not change the view that the labor market is slowing. Earlier this week, the Fed minutes showed the central bank would proceed “carefully” and “all participants judged it appropriate to maintain” the current rate.

The greenback is sliding down against the canadian dollar but it can face to the support area located around  1.3655 level.