Germany’s manufacturing boosted by new orders, followed by U.S NFP job adds coming less than expected. Airbus focuses on zero-emission hydrogen jets. DoorDash’s $3.4 billion IPO in NYSE listing. What was Friday’s top market news?
Global Insights
Germany’s new orders rose by 2.9% in October, defying analyst’s projected 1.4% and 1.7% above the previous month. Elsewhere, the U.S. recorded 245,000 nonfarm payrolls in November, a disappointing figure to the expected 440,000 and much below October’s 660,000 gains.
S&P 500 3,689.75 +0.69%
NASDAQ 12,506.75 +0.37%
DJIA 30,162.00 +0.76%
FTSE 6,550.23 +0.92%
DAX 13,276 +0.14%
NIKKEI 26,825.00 +0.37%
HSI 26,835.92 +0.40%
SHANGHAI 3,444.58 +0.071%
VIX 22.45 -2.29%
WTI Oil 46.05 +0.92%
Nat Gas 2.5580 +2.03%
GOLD 1840.60 -0.03%
US Dollar Index 90.71 -0.01%
U.S. 10 Treasury Yield +0.92%
Corporate Stories
Airbus announced it would, in the next five years, develop an eco-friendly plane that uses hydrogen and already, has three designs on the pipeline.
DoorDash will sell 33 million shares at the price range of $90 to $95 to raise $3.4 billion ahead of listing on the New York Stock Exchange this month.
Market Sentiment
The market ended the week on a bullish momentum as global stocks gained. The dollar index weakened on lower-than-expected job adds and declining risk sentiment, as the VIX fell. Oil gained on OPEC+ agreement on January output. Gold cooled on previous gains to close lower to the dollar.
