According to Zhitong Finance, U.S. stocks closed higher on Friday, with global markets heading towards their best monthly performance since May. The Dow Jones Industrial Average reached an all-time intraday high of 45,071.28 points. The Dow and the S&amp;P 500 Index both closed at record highs. The S&amp;P 500 Index rose 1.06% this week, up 5.73% for November; the Nasdaq increased 1.13% this week, up 6.26% for November; the Dow rose 1.39% this week, up 7.54% for November; Tesla (TSLA.US) saw a monthly increase of over 38%, its best performance in nearly two years.
【U.S. Stocks】 At the close, the Dow rose 188.59 points, or 0.42%, to 44,910.65 points; the Nasdaq rose 157.69 points, or 0.83%, to 19,218.17 points; the S&amp;P 500 Index rose 33.64 points, or 0.56%, to 6,032.38 points. Tesla (TSLA.US) rose over 3%, NVIDIA (NVDA.US) and ASML (ASML.US) rose over 2%.
【European Stocks】 The German DAX 30 Index rose 220.58 points, or 1.14%, to 19,643.75 points; the UK FTSE 100 Index rose 5.27 points, or 0.06%, to 8,286.49 points; the French CAC 40 Index rose 55.86 points, or 0.78%, to 7,235.11 points; the Euro Stoxx 50 Index rose 45.50 points, or 0.96%, to 4,804.15 points; the Spanish IBEX 35 Index rose 22.10 points, or 0.19%, to 11,641.00 points; the Italian FTSE MIB Index rose 158.87 points, or 0.48%, to 33,419.00 points.
【Asia-Pacific Stocks】 The Nikkei 225 Index fell 0.37%, the Jakarta Composite Index in Indonesia fell over 1.1%, and the KOSPI Index in South Korea fell over 1.9%.
【Cryptocurrency】 Bitcoin rose 1.9%, trading at $97,463.57 per coin; Ethereum rose 0.53%, trading at $3,598.23 per coin.
【Gold】 International precious metal futures generally closed higher, with COMEX gold futures rising 0.34% to $2,673.9 per ounce, and COMEX silver futures rising 1.78% to $31.1 per ounce.
【Crude Oil】 WTI January crude oil futures closed down $0.72, a decline of nearly 1.05%, at $68.00 per barrel, down 3.83% for the week, and down about 1.18% for November. Brent January crude oil futures closed down $0.34, a decline of over 0.46%, at $72.94 per barrel, down 2.77% for the week, and up about 0.18% for November.
【Metals】 London copper rose $8, trading at $9,010 per ton. London zinc rose $49, trading at $3,103 per ton. London aluminum fell $5, trading at $2,594 per ton. London lead rose $16, trading at $2,072 per ton. London nickel fell $161, trading at $15,903 per ton. London tin rose $721, trading at $28,913 per ton
[Macroeconomic News]
U.S. retailers brace for Black Friday shopping season; U.S. Black Friday consumer numbers may break records. This year, American retail giants such as Walmart, Amazon, Target, and Macy's have launched &#34;Black Friday&#34; promotions early and extended the promotional period. Many consumers prefer to visit malls on &#34;Black Friday&#34; to enjoy the shopping experience in a festive atmosphere. According to Reuters, the National Retail Federation estimates that approximately 85.6 million consumers will shop in physical stores this year, up from 76 million last year. The total number of consumers shopping online and offline is expected to reach a record 183.4 million.
JP Morgan brings forward expectations for ECB rate cut by 50 basis points to December. JP Morgan economists have moved their expectations for a 50 basis point rate cut by the European Central Bank from January next year to December. Greg Fuzesi wrote in a client report, &#34;Given the sharp decline in PMI, slowing service inflation momentum, and ongoing trade uncertainties, this scenario seems quite likely.&#34; He noted, &#34;The ECB does not need to make prior commitments for subsequent meetings, retaining full optionality, including the possibility of holding steady next.&#34; He also acknowledged the confusion but stated, &#34;It’s probably because the data is changing too quickly.&#34;
Canadian business investment declines again in Q3, exacerbating production woes. Canada's tertiary GDP report supports the Bank of Canada for another rate cut next month, although the extent of the cut remains uncertain. Factors dragging down GDP include slowing growth in business inventories, weak net trade, and a further decline in business investment. The drop in capital spending may ring alarm bells for policymakers, as Canada urgently needs to increase business investment to reverse sluggish productivity. Canada's productivity has declined in eight of the past nine quarters, widening the gap with the U.S.
ECB Governing Council member Villeroy calls for continued rate cuts as inflation targets are in sight. ECB Governing Council member Francois Villeroy de Galhau believes the central bank should continue to cut rates, as eurozone inflation may reach 2% in the first half of 2025. &#34;We have some good news; inflation has slowed and is moving towards our target,&#34; he said on Friday in Dijon. &#34;Therefore, we may be able to continue lowering rates.&#34; Data released earlier on Friday showed that the eurozone's consumer price index rose 2.3% year-on-year in November, and the French central bank governor stated, &#34;Within our forecasts—aside from monthly changes—we are confident of reaching our target next year, likely in the first half.&#34; The market widely expects the ECB to cut rates for the fourth time at next month's meeting. Due to geopolitical uncertainties casting a shadow over the outlook, the subsequent path remains unclear. &#34;Some of you say, 'We should speed up,' while others say, 'No, we need to be cautious,'&#34; Villeroy said. &#34;I am one of those who believe we must continue to cut rates, and we will see the specific pace of rate cuts in the coming months.&#34;
[Stock News]
Bilibili (BILI.US) closed up 1.59% as news reports Taobao's official live streaming sales on Bilibili. The official live streaming sales channel of Taobao, a subsidiary of Alibaba, has expanded to Bilibili. The group's Zhejiang Taote Software recently launched a certified account named &#34;Taobao Flash Sale&#34; on Bilibili for live streaming sales. It is reported that the products sold through Taobao Flash Sale come not only from the TianTianTeMai factory under the TaoTian Group but also from brands like Zhou Dasheng and Chayan Yuesheng.
Pony.ai (PONY.US) closed up 8.5%, becoming the world's first publicly listed Robotaxi company. Pony.ai debuted on the U.S. stock market on November 27, issuing 20 million American Depositary Shares (ADS), with each ADS representing one share of the company's Class A common stock, priced at $13 per share. It is reported that Pony.ai is the world's first publicly listed Robotaxi company, providing safe, advanced, and reliable full-stack autonomous driving technology, creating &#34;virtual drivers&#34; suitable for different vehicle types and scenarios, applied in three major areas: autonomous ride-hailing services (Robotaxi), autonomous trucks (Robotruck), and intelligent driving for passenger vehicles (POV). The company is at the global forefront in both technology and scale in the L4 autonomous driving field and has pioneered the commercial operation of fully unmanned Robotaxi

U.S. stocks closed higher on Friday, with the Dow Jones Industrial Average and the S&P 500 Index reaching all-time highs, and Tesla rising over 38% this month. The Dow rose 188.59 points to 44,910.65 points; the Nasdaq rose 157.69 points to 19,218.17 points; the S&P 500 Index rose 33.64 points to 6,032.38 points. Global stock markets performed strongly, with the Dow, S&P 500, and Nasdaq accumulating gains of 7.54%, 5.73%, and 6.26% respectively in November

- U.S. stock markets closed higher on Friday, with the Dow Jones reaching a record intraday high of 45,071.28 points, contributing to the best monthly performance since May.  
- The S&P 500 and Dow also closed at all-time highs, with notable weekly gains across major indices, while Tesla's stock surged over 38% for the month.  
- In macroeconomic news, U.S. retailers are preparing for a record Black Friday, and expectations for a European Central Bank rate cut have been moved up to December amid declining inflation rates.

Overnight U.S. Stocks | Dow Jones and S&P continue to hit new highs, Tesla has risen over 38% this month