US equity futures are slightly lower, while European markets are trading higher and Asian markets ended mostly higher. Cryptocurrencies are advancing, with Bitcoin back above $100,000. US markets continue to focus on tech strength, with the Nasdaq setting a fresh record high as big tech outperformed again. November CPI data came in line with expectations, solidifying a 95% probability of a December rate cut and a likely January pause. Semiconductors and AI-related headlines boosted sentiment. Meanwhile, markets are processing mixed M&A headlines and potential Trump tariff responses, as speculation grows over China's weaker yuan policy in 2025. Globally, the ECB and SNB are in focus, with the latter surprising markets with a 50-bps rate cut, marking a significant dovish shift in policy.
Companies Mentioned: Coca-Cola (NYSE:KO), Community Health (NYSE:CYH) Systems, Synopsys (NASDAQ:SNPS), ANSYS (NASDAQ:ANSS) Inc