Not another news wire. We follow the whole global trading day — Sydney to New York, close by close — and brief it in one read.
The board as it stands now. Markets trading now carry the latest delayed figure; markets that are shut carry their last completed close — and say so.
U.S. stocks slipped about 0.4% as Nvidia absorbed its CEO's resignation and the 10-year Treasury closed at 5.10%, while Europe set records, Asia fell, January Brent jumped 3.3% to $95.82 and gold hit a one-year low.
Read the flagship briefingThat is where the 10-year Treasury yield closed, at 5.102%, after the largest two-day rise since April 2025, the Wall Street Journal reported. It is the key number because it is the transmission line for everything else in this edition: the yield sets the discount rate for the AI buildout's borrowing and the reference for mortgage rates — on the same day that sales of previously occupied homes fell to their slowest pace in more than 16 years, the AP reported — and it stands behind a dollar at its strongest since April 2025 and a 3% fall in gold. It matters more than Nvidia's swing because the stock's loss was halved by the close while the yield's gain was not. A decisive move in Friday's producer price index, if it printed soft enough to pull the 10-year back below 5%, would make that release the more important signal.
Read the full briefingWhat to watch tomorrow starts with the second inflation print of the week: October's producer price index, due Friday. Euro zone third-quarter GDP gets its flash estimate and Germany publishes wholesale inflation, while Fed officials Susan Collins, Lorie Logan, Michelle Bowman and Mary Daly speak — the first chance for officials to validate the market's December pricing since yields moved. The Nvidia succession remains the single-stock file, and Asia's open will show whether Tokyo's chip names stabilize or extend the selloff.
The global markets deskCoreWeave surged 24.7% and revived the AI trade on Veterans Day, as B&G Foods, Gevo and Fossil beat and raised outlooks, Costco declared a $30 special dividend and Anthropic's IPO drew heavy demand.
Read the briefHourly Crypto Pulse for 5:30 PM CT: TRON (TRX) edges down 0.32% on the hour. Bitcoin, Ethereum and the majors with hourly moves — crypto trades 24/7.
Read the briefThe month in markets, in depth — a cover feature drawn from the month’s Global Closes, the month in published data, and the best of the library, in one designed edition. Not another brief: the month, kept.
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