Overview
- Germany’s DAX extended a late-week reversal to close around 23,876, erasing a push toward October’s record after an initial rally on the shutdown’s end.
- Fed officials signaled caution on easing, and with key US data missing after the 43-day shutdown, CME odds for a December cut fell to about 53% from 94% a month earlier.
- Wall Street’s tech-led selloff on Thursday gave way to a partial rebound Friday, with the Nasdaq turning positive intraday as the Dow lagged.
- Bitcoin dropped to roughly $96,900, the lowest since May, as reports highlighted about $2.8 billion in spot-ETF outflows and investors shifted to a risk-off stance.
- Oil prices ticked higher by roughly 1.6% after a reported Ukrainian drone strike on an oil depot in Russia’s Black Sea port of Novorossiysk.