Live cattle futures jump $2.25 on mixed box prices; feeder cattle up $5.72. Tariffs impact coffee & beef.
MS sees S&P 500 hitting 7,800 by 2026, +15% upside. Bull market rolls on, earnings & economy strong.
Bitcoin has dropped under US$91K for the first time in half a year., diminishing prospects for a December Federal Reserve rate cut and concerns over AI foremost in the market's mind.
Morgan Stanley expects the euro to rise to $1.23 in early 2026 on dollar weakness, but sees gains fading as the ECB cuts rates to 1.5% and Germany falls short of fiscal easing plans. The bank forecasts EUR/USD ending 2026 at $1.16.
Barclays says Brent crude could rise above $85 a barrel if Russian oil exports fall sharply, warning markets are underpricing supply-shock risks. Says a drop in Russian flows would tighten inventories quickly.
Nat-gas futures (-4.95%) dumped on warm forecasts & high production. EIA sees 2025 output up 1%, inventories ample.
S&P 500 tests 50-DMA, weak breadth signals correction risk. Traders eye potential downside despite year-end rally hopes.
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