![]() Microsoft (NDX: MSFT) rose 2.2% after the tech giant offered former OpenAI CEO Sam Altman a position to lead the company’s new AI team.Source: CMC Markets as of 21 November 2023 Company News: The Hang Seng Index futures were up 0.83%, and the ASX 200 futures rose 0.33%.Ĭhart of the Day: NVIDIA (NDX: NDVA), daily Asian markets to open higher: Chinese stock markets gained amid China’s fresh supportive policy to aid private developers.The rebound was probably due to a technically oversold signal in the past week. ![]() Crude oil came back: Crude oil prices rebounded sharply in the last two trading days, with both WTI and Brent futures testing the 50-day moving averages, which are the key near-term resistance.Asian currencies strengthened in particular amid the king dollar’s softness, with USD/JPY falling to a two-month low and USD/CNH down to the lowest since the end of July. US dollar slumped: The USD index fell to the lowest since the end of August as markets continued to price peaking Fed’s interest rates.The treasury auction showed government debts were still in strong demand despite a high premium. Bond yields were flat: The US long-dated government bond yields were slightly lower after a US$16 billion sale of the 20-year treasuries.NVIDIA topped US$500 per share, also reaching a record high, ahead of the third quarter earnings tomorrow. Microsoft hit a new all-time high amid OpenAI’s board drama. Stock markets gained: Wall Street extended gains following a three-week winning streak as tech stocks continued to fuel the rally.
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