{"id":48621,"date":"2024-12-01T10:00:00","date_gmt":"2024-12-01T04:30:00","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=48621"},"modified":"2024-12-02T09:39:38","modified_gmt":"2024-12-02T04:09:38","slug":"global-stock-market-highlights-week-48-nov-25-dec-1-2024","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/global-stock-market-highlights-week-48-nov-25-dec-1-2024\/","title":{"rendered":"Global Stock Market Highlights: Week 48 Nov 25 \u2013Dec 1, 2024"},"content":{"rendered":"
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World Stock Market Index US Markets<\/h2>\n\n\n\n

The US market led the gains on the strength of positive economic indicators, but the global<\/a> market had a mixed week overall. All three major US indexes\u2014Dow Jones, S&P 500, and Nasdaq\u2014closed the week higher.\u00a0<\/p>\n\n\n\n

In the US, personal income increased by 0.6% in October\u2014a little more than anticipated\u2014and consumer sentiment remained solid. Additionally, pending home sales exceeded forecasts of a decrease, increasing by 2% in October. However, the manufacturing sector appeared to remain in a slump during October.\u00a0<\/p>\n\n\n\n

Geopolitical factors were also major drivers of sentiment during the week, as the tariff war is expected to get worse during President Trump\u2019s tenure.\u00a0<\/p>\n\n\n\n

World Stock Market Index European Markets<\/h2>\n\n\n\n

On the other hand, the accelerated pace of inflation<\/a> for the second consecutive month in the Eurozone area is impacting retail sales. In Germany, retail sales fell 1.5% sequentially in October, much exceeding the predicted 0.5% drop. Also, in the UK, retail sales volumes fell sharper than estimated in November, and the retail sector’s confidence index was the lowest in two years.<\/p>\n\n\n\n

This can result in the European Central Bank<\/a> delaying the lowering of borrowing costs next month to support growth. <\/p>\n\n\n\n

World Stock Market Index Asian Markets<\/h2>\n\n\n\n

The lack of any specific triggers caused major Asian indexes to trade on a volatile note. In China, increasing hopes of more stimulus packages to spur growth are helping to offset the tariff concerns. Also, the rising dollar is a major concern, as economies in Asia depend heavily on dollars for their crude purchases, affecting the balance of payment.\u00a0<\/p>\n\n\n\n

In India, slower-than-expected GDP growth in the second quarter of FY25 dampened the mood. The GDP growth of 5.4% during the quarter was the slowest in the last seven quarters and below the RBI estimate of 7%.\u00a0<\/p>\n\n\n\n

Top Highlights of the Global Stock Market This Week<\/h2>\n\n\n\n