Overview
- The index edged higher after a three‑day rebound and traded near 23,750, having reclaimed the 200‑day moving average around 23,480.
- Futures pricing implies roughly an 85% chance of a 25‑basis‑point Fed cut on December 10 following softer US retail and confidence data and recent policymaker signals, though the Beige Book gave no clear steer.
- Reports of progress in Ukraine–Russia talks supported risk appetite and spurred profit‑taking in defense shares and related ETFs, even as negotiations continue.
- Wall Street extended gains on Tuesday and Asian markets advanced, and US exchanges are closed on Thursday for Thanksgiving.
- Stock‑specific currents remain active, with Thyssenkrupp Nucera sliding on a weaker revenue outlook and oil stabilizing after a drop tied to potential sanction relief increasing Russian supply.