Global Markets Steady Amid U.S. Rate Cut Hopes

Asian markets showed resilience in November amid revived hopes of a U.S. rate cut. Amidst a cautious economic environment influenced by the Federal Reserve’s policy outlook and macro uncertainties, stocks exhibited mixed performance. Treasury markets and commodities like oil and gold reflected macroeconomic dynamics.

As the calendar turns to the end of November, Asian shares find firmer footing buoyed by renewed hopes for a potential U.S. rate cut. Though U.S. markets slowed for the Thanksgiving break, European and Asian markets experienced mixed reactions influenced by various global economic cues.

Amidst a CME Group outage disrupting trade across asset classes, Wall Street futures faced hurdles. Meanwhile, Asian markets, including Japan and South Korea, showed promising weekly gains despite overall monthly declines, reflecting the global stock market's volatility throughout November.

November's economic climate was marked by concerns about tech valuations and prolonged U.S. government shutdowns. Meanwhile, hopes of a future U.S. rate cut boosted Treasuries and assets worldwide, suggesting an environment conducive to further economic growth, particularly in risky asset sectors.

(With inputs from agencies.)