{"id":3317,"date":"2025-12-05T19:34:18","date_gmt":"2025-12-05T08:34:18","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3317"},"modified":"2025-12-24T15:03:35","modified_gmt":"2025-12-24T04:03:35","slug":"2025125en","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/it\/2025\/12\/05\/2025125en\/","title":{"rendered":"Amillex Daily Market Commentary: Jobless Claims Boost Rate-Cut Expectations, U.S. Stocks Open Higher, Nikkei Jumps 2.3% to a Yearly High, Silver Retreats 3%, Copper Pulls Back on Technicals"},"content":{"rendered":"<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<h2 class=\"wp-block-heading\">December 5, 2025 \u2014 U.S. equity markets opened broadly higher on Thursday, with the Nasdaq up 0.31%. Japan\u2019s Nikkei 225 surged 2.33% to 51,028, hitting a new high for the year. The U.S. dollar index hovered near the 99 level as the yen strengthened intraday. Spot silver plunged 3% to $56.72\/oz, while LME copper slid nearly 1% on a technical pullback.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Key Market Moves &amp; Fundamental Analysis<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">1. U.S. Equities: Tech Leads Gains, Meta Jumps 5.7% on Earnings Optimism<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P 500 +0.24% to 6,866.47<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Dow Jones +0.01%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Nasdaq +0.31% to 23,527<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Andamento del settore:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Financials ETF +0.53%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Energy ETF +0.27%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Semiconductor ETF \u22120.54%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Caratteristiche principali del titolo:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Meta Platforms +5.7%: Market rumors suggest Meta plans to cut its metaverse budget by 30% and refocus spending on AI, significantly lifting profit expectations.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Snowflake \u22129.7%: Valuations were hit by growing concerns over slowing cloud demand.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Core drivers:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Jobless claims beat expectations:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Weekly initial jobless claims fell to 191,000, the lowest level in three years. However, weak ADP employment data keeps the probability of a December Fed rate cut above 90%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Loose liquidity expectations:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Interest-rate swap pricing suggests traders see a 25-bps rate cut in December as virtually fully priced in.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">2. Asia-Pacific Markets: Japanese Stocks Lead Global Rally, JGB Yields Pull Back After Hitting Record Highs<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Nikkei 225 +2.33%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">TOPIX +1.9%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">30-year JGB yield spiked to 3.445%, the highest since 1999<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Policy backdrop:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">The probability of a BoJ rate hike in December has risen to 70%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">The latest 30-year JGB auction recorded a bid-to-cover ratio of 4.04, the strongest since 2019.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Capital flows:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">The yen rallied intraday as easing fiscal concerns in Japan attracted foreign inflows into Japanese equities.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">The Indian rupee weakened to 90.4175, a record low, as prolonged trade-deal deadlock triggered capital outflows.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">3. Precious Metals &amp; Commodities: Silver Pulls Back from Highs, Oil\u2019s Geopolitical Premium Rises<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Spot silver \u22123% to $56.72\/oz<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Spot gold \u22120.2% to $4,194\/oz<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Technical interpretation:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Overbought RSI readings triggered profit-taking in silver, although booming photovoltaic demand continues to support the long-term supply deficit.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Crude oil:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">WTI crude +0.3% to $59.33\/barrel<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Supply\u2013demand tug-of-war:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. EIA crude inventories rose by 574,000 barrels (vs. expectations for an 800,000-barrel draw).<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">However, the EU\u2019s commitment to extend its Russian oil ban through 2027 has revived longer-term supply concerns.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Industrial metals:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">LME copper \u22121% to $11,377\/ton<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">The pullback is seen as technical after the recent sharp rally, while the low-inventory backdrop remains unchanged.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">4. Crypto &amp; Bond Markets: Bitcoin Softens, U.S. Yield Curve Steepens<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin \u22120.7% to $93,075<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Ethereum +0.6%, outperforming the broader market<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Regulatory pressure:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">The U.S. SEC continues to tighten scrutiny of stablecoins, while the PBoC reiterated its crackdown on illegal crypto trading.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bond market:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">The 10-year U.S. Treasury yield rose 2 bps to 4.08%, as stronger jobless claims data temporarily eased safe-haven demand.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Today\u2019s focus<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. September Core PCE Price Index<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Market expectation: 2.8% YoY<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">A reading below 2.7% could lock in a December Fed rate cut.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Eurozone Q3 GDP (final reading)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Canada Employment Report<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">If the unemployment rate rises above 5.5%, the Canadian dollar may come under pressure.<\/h2>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"<p>December 5, 2025 \u2014 U.S. equity markets opened broadly higher on Thursday, with the Nasdaq up 0.31%. Japan\u2019s Nikkei 225 surged 2.33% to 51,028, hitting a new high for the year. The U.S. dollar index hovered near the 99 level as the yen strengthened intraday. Spot silver plunged 3% to $56.72\/oz, while LME copper slid [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/3317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/comments?post=3317"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/3317\/revisions"}],"predecessor-version":[{"id":3319,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/posts\/3317\/revisions\/3319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/media\/3318"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/media?parent=3317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/categories?post=3317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/it\/wp-json\/wp\/v2\/tags?post=3317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}