Global stock markets were mixed Monday, with China outperforming following stronger-than-expected manufacturing data. Both official and private surveys highlighted a surge in new and export orders, possibly spurred by U.S. importers rushing shipments ahead of potential tariffs under President-elect Donald Trump. Chinese leaders are also expected to announce further economic measures in December to sustain growth. Hong Kong’s Hang Seng rose 0.6%, the Shanghai Composite gained 1.1%, and Japan’s Nikkei 225 advanced 0.8% as the yen weakened, boosting exporters like Toyota, up 2.3%. However, South Korea’s Kospi was flat, and Australia’s ASX 200 edged up 0.1%.
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European markets opened lower, with Germany’s DAX down 0.2% and France’s CAC 40 falling 0.9%. U.S. futures for the S&P 500 and Dow Jones dropped 0.2%, following Friday’s post-Thanksgiving session gains. Retailers like Macy’s and Best Buy rose on Black Friday sales optimism, while Tesla shares jumped 3.7%, contributing to a monthly gain of over 38%. Oil prices climbed, with U.S. crude at $68.37 per barrel, while Bitcoin traded near $96,000, reflecting strong interest in the cryptocurrency market.
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