MARKET DAILY

Market 11/24: Market stabilizes after holiday week

S&P Global's preliminary PMI unexpectedly falls. This year's Cyber Week sales projected to hit record high. Investors expect interest rates have peaked.

Amid scandals over fiscal spending and contracting economy, German Finance Minister Christian Lindner proposes government's supplemental spending budget plan, and also proposes temporary suspension of Debt brake in 2023.

Scandal: Last week, German court ruled that the government violated public spending rules-by transferring COVID-19 pandemic support budget to climate change fund…

…causing this country's finances to be short -60 billion EUR.

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