Real-time News

On December 4th, local time, on the 3rd, under the mediation of an Omani delegation, the Houthi rebels in Yemen released the 10 crew members of the cargo ship ETERNITYC, which they had previously detained. The ship was sunk by the Houthis in July for violating a Houthi navigation ban, and some of the crew members were rescued and have been held captive by the Houthis ever since.

Hang Seng Index futures closed up 0.34% at 25,829 points in overnight trading, a premium of 68 points.

Spain's Economy Minister stated that Spain will only utilize approximately 25% of the available loans from the EU recovery fund. Spain has not yet felt any significant impact from US tariffs at the macro level. Spain is confident that a trade agreement between the EU and Mercosur can be signed before the end of the year.

White House official: The U.S. and Russia held in-depth and productive talks.

The Central Bank of Peru said it bought $51 million in the spot market.

Boeing still expects to complete the merger with Spirit Airlines by the end of the year.

The Federal Reserve accepted a total of $2.514 billion from 40 counterparties in its fixed-rate reverse repurchase operations.

Fitch: Lowered its oil price forecasts for 2025-2027, reflecting market oversupply.

Micron Technology (MU.O) announced on Wednesday that it will exit the consumer business. Amid a global shortage of key semiconductors, the company has ramped up production of advanced memory chips used in AI data centers. Micron's exit from its consumer business comes amid a tight global memory supply chain, affecting semiconductors ranging from flash memory chips used in smartphones to advanced high-bandwidth memory (HBM) used in AI data centers. Micron stated that it will cease selling consumer-branded products from its "critical" segment to global retailers, e-retailers, and distributors, but will continue to ship through consumer channels until February 2026.

Spanish Economy Minister: Spain will strive to retain its seat on the ECB Executive Board should ECB Vice President Guindos leave office.

Microsoft (MSFT.O): The Information’s report incorrectly confuses the concepts of growth targets and sales quotas.

The U.S. Federal Trade Commission stated that Boeing must divest several Spirit Airlines assets before the merger can proceed.

Sources say the U.S. is considering proposing to eliminate carbon credit trading by automakers to meet fuel economy regulations.

Micron Technology (MU.O): Will exit its critical consumer business. The company plans to mitigate the impact by redeploying team members to existing vacant positions within the company.

U.S. officials and automakers say the White House will announce significant reductions in fuel economy requirements.

EIA report: Over the past four weeks, the average supply of refined petroleum products was 3.7 million barrels per day, a 2.0% decrease compared to the same period last year. Aviation fuel product supply decreased by 1.9% year-on-year.

The German DAX 30 index closed down 14.85 points, or 0.06%, at 23,695.02 on Wednesday, December 3; the UK FTSE 100 index closed down 13.20 points, or 0.14%, at 9,688.60 on Wednesday, December 3; and the French CAC 40 index closed up 12.81 points, or 0.16%, at 8,087.42 on Wednesday, December 3; European The Stoxx 50 index closed up 10.93 points, or 0.19%, at 5697.10 on Wednesday, December 3; the Spanish IBEX 35 index closed up 124.55 points, or 0.76%, at 16590.55 on Wednesday, December 3; and the Italian FTSE MIB index closed up 10.17 points, or 0.02%, at 43365.00 on Wednesday, December 3.

EIA report: Total U.S. gasoline inventories for the week ending November 28 increased by 4.5 million barrels from the previous week, about 2% below the five-year average for the same period.

The percentage of bids allocated to the winning 4-month U.S. Treasury bonds auctioned until December 3rd was 53.3%, compared to 97.73% previously.

The bid-to-cover ratio for the 4-month U.S. Treasury bond auction ending December 3 was 3.17, compared to 2.84 previously.