Author name: moderat ereport

Economic News

Market Talk – December 2, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 0.17 points or 0.00% to 49,303.45 • Shanghai decreased 16.295 points or -0.42% to 3,897.712 • Hang Seng increased 61.79 points or 0.24% to 26,095.05 • ASX 200 increased 14.50 points or 0.17% to 8,579.70 • SENSEX decreased 503.63 points or -0.59% to 85,138.27 • Nifty50 decreased 143.55 points or -0.55% to 26,032.20 The major Asian currency markets had a mixed day today: • AUDUSD increased 0.00172 or 0.26% to 0.65605 • NZDUSD decreased 0.00077 or -0.13% to 0.57290 • USDJPY increased 0.55 or 0.35% to 156.017 • USDCNY decreased 0.00488 or -0.07% to 7.06845 The above data was collected around 12:28 EST. Precious Metals: • Gold decreased 37.11 USD/t oz. or -0.88% to 4,194.44 • Silver increased 0.007 USD/t. oz. or 0.01% to 57.997 The above data was collected around 12:31 EST. EUROPE/EMEA: The major Europe stock markets had a mixed day today: • CAC 40 decreased 22.39 points or -0.28% to 8,074.61 • FTSE 100 decreased 0.73 points or -0.01% to 9,701.80 • DAX 30 increased 121.42 points or 0.51% to 23,710.86 The major Europe currency markets had a negative day today: • EURUSD decreased 0.00040 or -0.04% to 1.16059 • GBPUSD decreased 0.00220 or -0.16% to 1.31912 • USDCHF decreased 0.00067 or -0.08% to 0.80417 The above data was collected around 12:40 EST. US/AMERICAS: US Market Closings: Dow Jones Industrial Average advanced 185.13 points (0.39%) to 47,474.46 S&P 500 rose 16.74 points (0.25%) to 6,829.37 NASDAQ Composite gained 137.75 points (0.59%) to 23,413.67 Russell 2000 declined 4.13 points (-0.17%) to 2,464.998 VIX fell 0.65 points (-3.77%) to 16.59 Canada Market Closings: TSX Composite decreased 52.50 points (-0.17%) to 31,049.28 TSX 60 inched up 0.22 points (0.01%) to 1,825.03 Latin America Market Closings: Bovespa surged 2,383.22 points (1.50%) to 160,994.23 ENERGY: The oil markets had a negative day today: • Crude Oil decreased 0.372 USD/BBL or -0.63% to 58.948 • Brent decreased 0.382 USD/BBL or -0.60% to 62.788 • Natural gas decreased 0.0563 USD/MMBtu or -1.14% to 4.8647 • Gasoline decreased 0.0318 USD/GAL or -1.70% to 1.8412 • Heating oil decreased 0.0147 USD/GAL or -0.63% to 2.3315 The above data was collected around 12:43 EST. • Top commodity gainers: Wheat (1.75%), Palladium (3.45%), Feeder Cattle (2.27%) and Live Cattle (1.72%) • Top commodity losers: Butter (-2.03%), Potatoes (-9.09%), Bitumen (-2.19%) and Rubber (-4.50%) The above data was collected around 12:37 EST. BONDS: Japan 1.8620% (-1.7bp), US 2’s 3.53% (-0.016%), US 10’s 4.0940% (+0.2bps); US 30’s 4.74 (+0.001%), Bunds 2.7494% (+0.02bp), France 3.4920% (+0.59bp), Italy 3.4690% (-0.05bp), Turkey 31.585% (+17bp), Greece 3.384% (+1.3bp), Portugal 3.073% (-3.5bp); Spain 3.227% (-0.6bp) and UK Gilts 4.472% (-1.41bp) The above data was collected around 13:00 EST.

Economic News

Market Talk – December 2, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 0.17 points or 0.00% to 49,303.45 • Shanghai decreased 16.295 points or -0.42% to 3,897.712 • Hang Seng increased 61.79 points or 0.24% to 26,095.05 • ASX 200 increased 14.50 points or 0.17% to 8,579.70 • SENSEX decreased 503.63 points or -0.59% to 85,138.27 • Nifty50 decreased 143.55 points or -0.55% to 26,032.20 The major Asian currency markets had a mixed day today: • AUDUSD increased 0.00172 or 0.26% to 0.65605 • NZDUSD decreased 0.00077 or -0.13% to 0.57290 • USDJPY increased 0.55 or 0.35% to 156.017 • USDCNY decreased 0.00488 or -0.07% to 7.06845 The above data was collected around 12:28 EST. Precious Metals: • Gold decreased 37.11 USD/t oz. or -0.88% to 4,194.44 • Silver increased 0.007 USD/t. oz. or 0.01% to 57.997 The above data was collected around 12:31 EST. EUROPE/EMEA: The major Europe stock markets had a mixed day today: • CAC 40 decreased 22.39 points or -0.28% to 8,074.61 • FTSE 100 decreased 0.73 points or -0.01% to 9,701.80 • DAX 30 increased 121.42 points or 0.51% to 23,710.86 The major Europe currency markets had a negative day today: • EURUSD decreased 0.00040 or -0.04% to 1.16059 • GBPUSD decreased 0.00220 or -0.16% to 1.31912 • USDCHF decreased 0.00067 or -0.08% to 0.80417 The above data was collected around 12:40 EST. US/AMERICAS: US Market Closings: Dow Jones Industrial Average advanced 185.13 points (0.39%) to 47,474.46 S&P 500 rose 16.74 points (0.25%) to 6,829.37 NASDAQ Composite gained 137.75 points (0.59%) to 23,413.67 Russell 2000 declined 4.13 points (-0.17%) to 2,464.998 VIX fell 0.65 points (-3.77%) to 16.59 Canada Market Closings: TSX Composite decreased 52.50 points (-0.17%) to 31,049.28 TSX 60 inched up 0.22 points (0.01%) to 1,825.03 Latin America Market Closings: Bovespa surged 2,383.22 points (1.50%) to 160,994.23 ENERGY: The oil markets had a negative day today: • Crude Oil decreased 0.372 USD/BBL or -0.63% to 58.948 • Brent decreased 0.382 USD/BBL or -0.60% to 62.788 • Natural gas decreased 0.0563 USD/MMBtu or -1.14% to 4.8647 • Gasoline decreased 0.0318 USD/GAL or -1.70% to 1.8412 • Heating oil decreased 0.0147 USD/GAL or -0.63% to 2.3315 The above data was collected around 12:43 EST. • Top commodity gainers: Wheat (1.75%), Palladium (3.45%), Feeder Cattle (2.27%) and Live Cattle (1.72%) • Top commodity losers: Butter (-2.03%), Potatoes (-9.09%), Bitumen (-2.19%) and Rubber (-4.50%) The above data was collected around 12:37 EST. BONDS: Japan 1.8620% (-1.7bp), US 2’s 3.53% (-0.016%), US 10’s 4.0940% (+0.2bps); US 30’s 4.74 (+0.001%), Bunds 2.7494% (+0.02bp), France 3.4920% (+0.59bp), Italy 3.4690% (-0.05bp), Turkey 31.585% (+17bp), Greece 3.384% (+1.3bp), Portugal 3.073% (-3.5bp); Spain 3.227% (-0.6bp) and UK Gilts 4.472% (-1.41bp) The above data was collected around 13:00 EST.

Economic News

Market Talk – December 2, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 0.17 points or 0.00% to 49,303.45 • Shanghai decreased 16.295 points or -0.42% to 3,897.712 • Hang Seng increased 61.79 points or 0.24% to 26,095.05 • ASX 200 increased 14.50 points or 0.17% to 8,579.70 • SENSEX decreased 503.63 points or -0.59% to 85,138.27 • Nifty50 decreased 143.55 points or -0.55% to 26,032.20 The major Asian currency markets had a mixed day today: • AUDUSD increased 0.00172 or 0.26% to 0.65605 • NZDUSD decreased 0.00077 or -0.13% to 0.57290 • USDJPY increased 0.55 or 0.35% to 156.017 • USDCNY decreased 0.00488 or -0.07% to 7.06845 The above data was collected around 12:28 EST. Precious Metals: • Gold decreased 37.11 USD/t oz. or -0.88% to 4,194.44 • Silver increased 0.007 USD/t. oz. or 0.01% to 57.997 The above data was collected around 12:31 EST. EUROPE/EMEA: The major Europe stock markets had a mixed day today: • CAC 40 decreased 22.39 points or -0.28% to 8,074.61 • FTSE 100 decreased 0.73 points or -0.01% to 9,701.80 • DAX 30 increased 121.42 points or 0.51% to 23,710.86 The major Europe currency markets had a negative day today: • EURUSD decreased 0.00040 or -0.04% to 1.16059 • GBPUSD decreased 0.00220 or -0.16% to 1.31912 • USDCHF decreased 0.00067 or -0.08% to 0.80417 The above data was collected around 12:40 EST. US/AMERICAS: US Market Closings: Dow Jones Industrial Average advanced 185.13 points (0.39%) to 47,474.46 S&P 500 rose 16.74 points (0.25%) to 6,829.37 NASDAQ Composite gained 137.75 points (0.59%) to 23,413.67 Russell 2000 declined 4.13 points (-0.17%) to 2,464.998 VIX fell 0.65 points (-3.77%) to 16.59 Canada Market Closings: TSX Composite decreased 52.50 points (-0.17%) to 31,049.28 TSX 60 inched up 0.22 points (0.01%) to 1,825.03 Latin America Market Closings: Bovespa surged 2,383.22 points (1.50%) to 160,994.23 ENERGY: The oil markets had a negative day today: • Crude Oil decreased 0.372 USD/BBL or -0.63% to 58.948 • Brent decreased 0.382 USD/BBL or -0.60% to 62.788 • Natural gas decreased 0.0563 USD/MMBtu or -1.14% to 4.8647 • Gasoline decreased 0.0318 USD/GAL or -1.70% to 1.8412 • Heating oil decreased 0.0147 USD/GAL or -0.63% to 2.3315 The above data was collected around 12:43 EST. • Top commodity gainers: Wheat (1.75%), Palladium (3.45%), Feeder Cattle (2.27%) and Live Cattle (1.72%) • Top commodity losers: Butter (-2.03%), Potatoes (-9.09%), Bitumen (-2.19%) and Rubber (-4.50%) The above data was collected around 12:37 EST. BONDS: Japan 1.8620% (-1.7bp), US 2’s 3.53% (-0.016%), US 10’s 4.0940% (+0.2bps); US 30’s 4.74 (+0.001%), Bunds 2.7494% (+0.02bp), France 3.4920% (+0.59bp), Italy 3.4690% (-0.05bp), Turkey 31.585% (+17bp), Greece 3.384% (+1.3bp), Portugal 3.073% (-3.5bp); Spain 3.227% (-0.6bp) and UK Gilts 4.472% (-1.41bp) The above data was collected around 13:00 EST.

Economic News

Market Talk – December 2, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 0.17 points or 0.00% to 49,303.45 • Shanghai decreased 16.295 points or -0.42% to 3,897.712 • Hang Seng increased 61.79 points or 0.24% to 26,095.05 • ASX 200 increased 14.50 points or 0.17% to 8,579.70 • SENSEX decreased 503.63 points or -0.59% to 85,138.27 • Nifty50 decreased 143.55 points or -0.55% to 26,032.20 The major Asian currency markets had a mixed day today: • AUDUSD increased 0.00172 or 0.26% to 0.65605 • NZDUSD decreased 0.00077 or -0.13% to 0.57290 • USDJPY increased 0.55 or 0.35% to 156.017 • USDCNY decreased 0.00488 or -0.07% to 7.06845 The above data was collected around 12:28 EST. Precious Metals: • Gold decreased 37.11 USD/t oz. or -0.88% to 4,194.44 • Silver increased 0.007 USD/t. oz. or 0.01% to 57.997 The above data was collected around 12:31 EST. EUROPE/EMEA: The major Europe stock markets had a mixed day today: • CAC 40 decreased 22.39 points or -0.28% to 8,074.61 • FTSE 100 decreased 0.73 points or -0.01% to 9,701.80 • DAX 30 increased 121.42 points or 0.51% to 23,710.86 The major Europe currency markets had a negative day today: • EURUSD decreased 0.00040 or -0.04% to 1.16059 • GBPUSD decreased 0.00220 or -0.16% to 1.31912 • USDCHF decreased 0.00067 or -0.08% to 0.80417 The above data was collected around 12:40 EST. US/AMERICAS: US Market Closings: Dow Jones Industrial Average advanced 185.13 points (0.39%) to 47,474.46 S&P 500 rose 16.74 points (0.25%) to 6,829.37 NASDAQ Composite gained 137.75 points (0.59%) to 23,413.67 Russell 2000 declined 4.13 points (-0.17%) to 2,464.998 VIX fell 0.65 points (-3.77%) to 16.59 Canada Market Closings: TSX Composite decreased 52.50 points (-0.17%) to 31,049.28 TSX 60 inched up 0.22 points (0.01%) to 1,825.03 Latin America Market Closings: Bovespa surged 2,383.22 points (1.50%) to 160,994.23 ENERGY: The oil markets had a negative day today: • Crude Oil decreased 0.372 USD/BBL or -0.63% to 58.948 • Brent decreased 0.382 USD/BBL or -0.60% to 62.788 • Natural gas decreased 0.0563 USD/MMBtu or -1.14% to 4.8647 • Gasoline decreased 0.0318 USD/GAL or -1.70% to 1.8412 • Heating oil decreased 0.0147 USD/GAL or -0.63% to 2.3315 The above data was collected around 12:43 EST. • Top commodity gainers: Wheat (1.75%), Palladium (3.45%), Feeder Cattle (2.27%) and Live Cattle (1.72%) • Top commodity losers: Butter (-2.03%), Potatoes (-9.09%), Bitumen (-2.19%) and Rubber (-4.50%) The above data was collected around 12:37 EST. BONDS: Japan 1.8620% (-1.7bp), US 2’s 3.53% (-0.016%), US 10’s 4.0940% (+0.2bps); US 30’s 4.74 (+0.001%), Bunds 2.7494% (+0.02bp), France 3.4920% (+0.59bp), Italy 3.4690% (-0.05bp), Turkey 31.585% (+17bp), Greece 3.384% (+1.3bp), Portugal 3.073% (-3.5bp); Spain 3.227% (-0.6bp) and UK Gilts 4.472% (-1.41bp) The above data was collected around 13:00 EST.

Economic News

Market Talk – December 2, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 0.17 points or 0.00% to 49,303.45 • Shanghai decreased 16.295 points or -0.42% to 3,897.712 • Hang Seng increased 61.79 points or 0.24% to 26,095.05 • ASX 200 increased 14.50 points or 0.17% to 8,579.70 • SENSEX decreased 503.63 points or -0.59% to 85,138.27 • Nifty50 decreased 143.55 points or -0.55% to 26,032.20 The major Asian currency markets had a mixed day today: • AUDUSD increased 0.00172 or 0.26% to 0.65605 • NZDUSD decreased 0.00077 or -0.13% to 0.57290 • USDJPY increased 0.55 or 0.35% to 156.017 • USDCNY decreased 0.00488 or -0.07% to 7.06845 The above data was collected around 12:28 EST. Precious Metals: • Gold decreased 37.11 USD/t oz. or -0.88% to 4,194.44 • Silver increased 0.007 USD/t. oz. or 0.01% to 57.997 The above data was collected around 12:31 EST. EUROPE/EMEA: The major Europe stock markets had a mixed day today: • CAC 40 decreased 22.39 points or -0.28% to 8,074.61 • FTSE 100 decreased 0.73 points or -0.01% to 9,701.80 • DAX 30 increased 121.42 points or 0.51% to 23,710.86 The major Europe currency markets had a negative day today: • EURUSD decreased 0.00040 or -0.04% to 1.16059 • GBPUSD decreased 0.00220 or -0.16% to 1.31912 • USDCHF decreased 0.00067 or -0.08% to 0.80417 The above data was collected around 12:40 EST. US/AMERICAS: US Market Closings: Dow Jones Industrial Average advanced 185.13 points (0.39%) to 47,474.46 S&P 500 rose 16.74 points (0.25%) to 6,829.37 NASDAQ Composite gained 137.75 points (0.59%) to 23,413.67 Russell 2000 declined 4.13 points (-0.17%) to 2,464.998 VIX fell 0.65 points (-3.77%) to 16.59 Canada Market Closings: TSX Composite decreased 52.50 points (-0.17%) to 31,049.28 TSX 60 inched up 0.22 points (0.01%) to 1,825.03 Latin America Market Closings: Bovespa surged 2,383.22 points (1.50%) to 160,994.23 ENERGY: The oil markets had a negative day today: • Crude Oil decreased 0.372 USD/BBL or -0.63% to 58.948 • Brent decreased 0.382 USD/BBL or -0.60% to 62.788 • Natural gas decreased 0.0563 USD/MMBtu or -1.14% to 4.8647 • Gasoline decreased 0.0318 USD/GAL or -1.70% to 1.8412 • Heating oil decreased 0.0147 USD/GAL or -0.63% to 2.3315 The above data was collected around 12:43 EST. • Top commodity gainers: Wheat (1.75%), Palladium (3.45%), Feeder Cattle (2.27%) and Live Cattle (1.72%) • Top commodity losers: Butter (-2.03%), Potatoes (-9.09%), Bitumen (-2.19%) and Rubber (-4.50%) The above data was collected around 12:37 EST. BONDS: Japan 1.8620% (-1.7bp), US 2’s 3.53% (-0.016%), US 10’s 4.0940% (+0.2bps); US 30’s 4.74 (+0.001%), Bunds 2.7494% (+0.02bp), France 3.4920% (+0.59bp), Italy 3.4690% (-0.05bp), Turkey 31.585% (+17bp), Greece 3.384% (+1.3bp), Portugal 3.073% (-3.5bp); Spain 3.227% (-0.6bp) and UK Gilts 4.472% (-1.41bp) The above data was collected around 13:00 EST.

Economic News

Market Talk – December 2, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 0.17 points or 0.00% to 49,303.45 • Shanghai decreased 16.295 points or -0.42% to 3,897.712 • Hang Seng increased 61.79 points or 0.24% to 26,095.05 • ASX 200 increased 14.50 points or 0.17% to 8,579.70 • SENSEX decreased 503.63 points or -0.59% to 85,138.27 • Nifty50 decreased 143.55 points or -0.55% to 26,032.20 The major Asian currency markets had a mixed day today: • AUDUSD increased 0.00172 or 0.26% to 0.65605 • NZDUSD decreased 0.00077 or -0.13% to 0.57290 • USDJPY increased 0.55 or 0.35% to 156.017 • USDCNY decreased 0.00488 or -0.07% to 7.06845 The above data was collected around 12:28 EST. Precious Metals: • Gold decreased 37.11 USD/t oz. or -0.88% to 4,194.44 • Silver increased 0.007 USD/t. oz. or 0.01% to 57.997 The above data was collected around 12:31 EST. EUROPE/EMEA: The major Europe stock markets had a mixed day today: • CAC 40 decreased 22.39 points or -0.28% to 8,074.61 • FTSE 100 decreased 0.73 points or -0.01% to 9,701.80 • DAX 30 increased 121.42 points or 0.51% to 23,710.86 The major Europe currency markets had a negative day today: • EURUSD decreased 0.00040 or -0.04% to 1.16059 • GBPUSD decreased 0.00220 or -0.16% to 1.31912 • USDCHF decreased 0.00067 or -0.08% to 0.80417 The above data was collected around 12:40 EST. US/AMERICAS: US Market Closings: Dow Jones Industrial Average advanced 185.13 points (0.39%) to 47,474.46 S&P 500 rose 16.74 points (0.25%) to 6,829.37 NASDAQ Composite gained 137.75 points (0.59%) to 23,413.67 Russell 2000 declined 4.13 points (-0.17%) to 2,464.998 VIX fell 0.65 points (-3.77%) to 16.59 Canada Market Closings: TSX Composite decreased 52.50 points (-0.17%) to 31,049.28 TSX 60 inched up 0.22 points (0.01%) to 1,825.03 Latin America Market Closings: Bovespa surged 2,383.22 points (1.50%) to 160,994.23 ENERGY: The oil markets had a negative day today: • Crude Oil decreased 0.372 USD/BBL or -0.63% to 58.948 • Brent decreased 0.382 USD/BBL or -0.60% to 62.788 • Natural gas decreased 0.0563 USD/MMBtu or -1.14% to 4.8647 • Gasoline decreased 0.0318 USD/GAL or -1.70% to 1.8412 • Heating oil decreased 0.0147 USD/GAL or -0.63% to 2.3315 The above data was collected around 12:43 EST. • Top commodity gainers: Wheat (1.75%), Palladium (3.45%), Feeder Cattle (2.27%) and Live Cattle (1.72%) • Top commodity losers: Butter (-2.03%), Potatoes (-9.09%), Bitumen (-2.19%) and Rubber (-4.50%) The above data was collected around 12:37 EST. BONDS: Japan 1.8620% (-1.7bp), US 2’s 3.53% (-0.016%), US 10’s 4.0940% (+0.2bps); US 30’s 4.74 (+0.001%), Bunds 2.7494% (+0.02bp), France 3.4920% (+0.59bp), Italy 3.4690% (-0.05bp), Turkey 31.585% (+17bp), Greece 3.384% (+1.3bp), Portugal 3.073% (-3.5bp); Spain 3.227% (-0.6bp) and UK Gilts 4.472% (-1.41bp) The above data was collected around 13:00 EST.

Economic News

Market Talk – December 2, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 0.17 points or 0.00% to 49,303.45 • Shanghai decreased 16.295 points or -0.42% to 3,897.712 • Hang Seng increased 61.79 points or 0.24% to 26,095.05 • ASX 200 increased 14.50 points or 0.17% to 8,579.70 • SENSEX decreased 503.63 points or -0.59% to 85,138.27 • Nifty50 decreased 143.55 points or -0.55% to 26,032.20 The major Asian currency markets had a mixed day today: • AUDUSD increased 0.00172 or 0.26% to 0.65605 • NZDUSD decreased 0.00077 or -0.13% to 0.57290 • USDJPY increased 0.55 or 0.35% to 156.017 • USDCNY decreased 0.00488 or -0.07% to 7.06845 The above data was collected around 12:28 EST. Precious Metals: • Gold decreased 37.11 USD/t oz. or -0.88% to 4,194.44 • Silver increased 0.007 USD/t. oz. or 0.01% to 57.997 The above data was collected around 12:31 EST. EUROPE/EMEA: The major Europe stock markets had a mixed day today: • CAC 40 decreased 22.39 points or -0.28% to 8,074.61 • FTSE 100 decreased 0.73 points or -0.01% to 9,701.80 • DAX 30 increased 121.42 points or 0.51% to 23,710.86 The major Europe currency markets had a negative day today: • EURUSD decreased 0.00040 or -0.04% to 1.16059 • GBPUSD decreased 0.00220 or -0.16% to 1.31912 • USDCHF decreased 0.00067 or -0.08% to 0.80417 The above data was collected around 12:40 EST. US/AMERICAS: US Market Closings: Dow Jones Industrial Average advanced 185.13 points (0.39%) to 47,474.46 S&P 500 rose 16.74 points (0.25%) to 6,829.37 NASDAQ Composite gained 137.75 points (0.59%) to 23,413.67 Russell 2000 declined 4.13 points (-0.17%) to 2,464.998 VIX fell 0.65 points (-3.77%) to 16.59 Canada Market Closings: TSX Composite decreased 52.50 points (-0.17%) to 31,049.28 TSX 60 inched up 0.22 points (0.01%) to 1,825.03 Latin America Market Closings: Bovespa surged 2,383.22 points (1.50%) to 160,994.23 ENERGY: The oil markets had a negative day today: • Crude Oil decreased 0.372 USD/BBL or -0.63% to 58.948 • Brent decreased 0.382 USD/BBL or -0.60% to 62.788 • Natural gas decreased 0.0563 USD/MMBtu or -1.14% to 4.8647 • Gasoline decreased 0.0318 USD/GAL or -1.70% to 1.8412 • Heating oil decreased 0.0147 USD/GAL or -0.63% to 2.3315 The above data was collected around 12:43 EST. • Top commodity gainers: Wheat (1.75%), Palladium (3.45%), Feeder Cattle (2.27%) and Live Cattle (1.72%) • Top commodity losers: Butter (-2.03%), Potatoes (-9.09%), Bitumen (-2.19%) and Rubber (-4.50%) The above data was collected around 12:37 EST. BONDS: Japan 1.8620% (-1.7bp), US 2’s 3.53% (-0.016%), US 10’s 4.0940% (+0.2bps); US 30’s 4.74 (+0.001%), Bunds 2.7494% (+0.02bp), France 3.4920% (+0.59bp), Italy 3.4690% (-0.05bp), Turkey 31.585% (+17bp), Greece 3.384% (+1.3bp), Portugal 3.073% (-3.5bp); Spain 3.227% (-0.6bp) and UK Gilts 4.472% (-1.41bp) The above data was collected around 13:00 EST.

Economic News

Market Talk – December 2, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 0.17 points or 0.00% to 49,303.45 • Shanghai decreased 16.295 points or -0.42% to 3,897.712 • Hang Seng increased 61.79 points or 0.24% to 26,095.05 • ASX 200 increased 14.50 points or 0.17% to 8,579.70 • SENSEX decreased 503.63 points or -0.59% to 85,138.27 • Nifty50 decreased 143.55 points or -0.55% to 26,032.20 The major Asian currency markets had a mixed day today: • AUDUSD increased 0.00172 or 0.26% to 0.65605 • NZDUSD decreased 0.00077 or -0.13% to 0.57290 • USDJPY increased 0.55 or 0.35% to 156.017 • USDCNY decreased 0.00488 or -0.07% to 7.06845 The above data was collected around 12:28 EST. Precious Metals: • Gold decreased 37.11 USD/t oz. or -0.88% to 4,194.44 • Silver increased 0.007 USD/t. oz. or 0.01% to 57.997 The above data was collected around 12:31 EST. EUROPE/EMEA: The major Europe stock markets had a mixed day today: • CAC 40 decreased 22.39 points or -0.28% to 8,074.61 • FTSE 100 decreased 0.73 points or -0.01% to 9,701.80 • DAX 30 increased 121.42 points or 0.51% to 23,710.86 The major Europe currency markets had a negative day today: • EURUSD decreased 0.00040 or -0.04% to 1.16059 • GBPUSD decreased 0.00220 or -0.16% to 1.31912 • USDCHF decreased 0.00067 or -0.08% to 0.80417 The above data was collected around 12:40 EST. US/AMERICAS: US Market Closings: Dow Jones Industrial Average advanced 185.13 points (0.39%) to 47,474.46 S&P 500 rose 16.74 points (0.25%) to 6,829.37 NASDAQ Composite gained 137.75 points (0.59%) to 23,413.67 Russell 2000 declined 4.13 points (-0.17%) to 2,464.998 VIX fell 0.65 points (-3.77%) to 16.59 Canada Market Closings: TSX Composite decreased 52.50 points (-0.17%) to 31,049.28 TSX 60 inched up 0.22 points (0.01%) to 1,825.03 Latin America Market Closings: Bovespa surged 2,383.22 points (1.50%) to 160,994.23 ENERGY: The oil markets had a negative day today: • Crude Oil decreased 0.372 USD/BBL or -0.63% to 58.948 • Brent decreased 0.382 USD/BBL or -0.60% to 62.788 • Natural gas decreased 0.0563 USD/MMBtu or -1.14% to 4.8647 • Gasoline decreased 0.0318 USD/GAL or -1.70% to 1.8412 • Heating oil decreased 0.0147 USD/GAL or -0.63% to 2.3315 The above data was collected around 12:43 EST. • Top commodity gainers: Wheat (1.75%), Palladium (3.45%), Feeder Cattle (2.27%) and Live Cattle (1.72%) • Top commodity losers: Butter (-2.03%), Potatoes (-9.09%), Bitumen (-2.19%) and Rubber (-4.50%) The above data was collected around 12:37 EST. BONDS: Japan 1.8620% (-1.7bp), US 2’s 3.53% (-0.016%), US 10’s 4.0940% (+0.2bps); US 30’s 4.74 (+0.001%), Bunds 2.7494% (+0.02bp), France 3.4920% (+0.59bp), Italy 3.4690% (-0.05bp), Turkey 31.585% (+17bp), Greece 3.384% (+1.3bp), Portugal 3.073% (-3.5bp); Spain 3.227% (-0.6bp) and UK Gilts 4.472% (-1.41bp) The above data was collected around 13:00 EST.

Economic News

Europe’s Love Affair with Capital Controls

COMMENT: You mentioned that the EU would impose capital controls at the WEC. I was in the banking industry in Sweden. The capital controls that were imposed in 1939 were not lifted until 1989. Not everyone appreciates your depth of knowledge. SW REPLY: You are absolutely correct. Sweden introduced wartime exchange controls in 1939. Maintained a strict regime for decades. Once imposed, they claimed that they then prevented money from fleeing during the 1970s inflation crisis. They were entirely removed in 1989. United Kingdom – Exchange Controls (1939–1979) Imposed at the outbreak of WWII under the Emergency Powers (Defence) Act 1939. They remained in place for 40 years. They restricted foreign currency purchases, overseas investments, and moving capital abroad. They were NOT finally abolished by Thatcher in October 1979. • Structural debt crisis pressure Europe faces sovereign-debt fragmentation risk (Italy, France, and even Germany now facing fiscal stress). When Europe looks weak, capital tends to leave the EU and flow into the U.S., which strengthens the dollar. • Capital flight from Europe From our computer perspective, the EU is losing confidence faster than the U.S. This outflow supports the dollar, not the euro long-term, while short-term the ECB is trying to support the Euro. • ECB policy The ECB often keeps rates lower or eases longer than the Fed because of recession risk. This creates yield divergence → pushes investors toward the dollar.

Economic News

Europe’s Love Affair with Capital Controls

COMMENT: You mentioned that the EU would impose capital controls at the WEC. I was in the banking industry in Sweden. The capital controls that were imposed in 1939 were not lifted until 1989. Not everyone appreciates your depth of knowledge. SW REPLY: You are absolutely correct. Sweden introduced wartime exchange controls in 1939. Maintained a strict regime for decades. Once imposed, they claimed that they then prevented money from fleeing during the 1970s inflation crisis. They were entirely removed in 1989. United Kingdom – Exchange Controls (1939–1979) Imposed at the outbreak of WWII under the Emergency Powers (Defence) Act 1939. They remained in place for 40 years. They restricted foreign currency purchases, overseas investments, and moving capital abroad. They were NOT finally abolished by Thatcher in October 1979. • Structural debt crisis pressure Europe faces sovereign-debt fragmentation risk (Italy, France, and even Germany now facing fiscal stress). When Europe looks weak, capital tends to leave the EU and flow into the U.S., which strengthens the dollar. • Capital flight from Europe From our computer perspective, the EU is losing confidence faster than the U.S. This outflow supports the dollar, not the euro long-term, while short-term the ECB is trying to support the Euro. • ECB policy The ECB often keeps rates lower or eases longer than the Fed because of recession risk. This creates yield divergence → pushes investors toward the dollar.

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