Good morning, traders & investors!
We’re kicking off December with a classic mix of macro-tension and volatility. US futures are suggesting a muted open for Europe after a shaky Asian session, primarily driven by lingering jitters over Japanese policy and a sharp overnight dip in the crypto space. The main event today is the OECD’s global outlook—a heavyweight that will set the tone for policymakers and traders alike.
Let’s cut through the noise and check the battlefield.
📊 Index Watch: Pre-Market Snapshot (CET)
The focus remains on the US labor market (JOLTs data later today) and inflation expectations, which continues to drive a cautious pre-market. European indices are currently tracking their futures, holding yesterday’s close level but vulnerable to the upcoming OECD report.
| Index | Price (Real-Time Futures) | Change (%) | Key Level | Comparison (Prev. Close) |
| 🇪🇺 DAX Futures | 23,608 🟡 | $+0.08\%$ | 23,600 | 23,589.44 |
| 🇬🇧 FTSE 100 Futures | 9,702 🟡 | $+0.00\%$ | 9,700 | 9,717.00 |
| 🇪🇸 IBEX 35 Futures | 16,452 🟢 | $+0.38\%$ | 16,400 | 16,389.00 |
| 🇺🇸 S&P 500 E-Mini | 6,834.50 🔴 | $-0.35\%$ | 6,850 | 6,849.09 |
| 🇺🇸 Nasdaq 100 E-Mini | 25,408.50 🔴 | $-0.29\%$ | 25,500 | 25,482.00 |
Note: Since European cash markets are not yet open, the prices above reflect the latest real-time futures data. IBEX shows relative strength this morning.
💱 Global Assets: The Real-Time Tracker
The US Dollar Index (DXY) is stable, but the clear headline this morning is the blood on the crypto charts. Bitcoin has failed to hold a key psychological level, dragging the broader digital asset market lower. Gold, meanwhile, continues its quiet ascent.
| Asset | Real-Time Price | Daily Change (%) |
| Gold (XAU/USD) | $4,224.35 | 🟢 $+0.09\%$ |
| Brent Crude Oil | $63.22 | 🟡 $+0.06\%$ |
| EUR/USD | 1.1610 | 🟡 $+0.01\%$ |
| BTC/USD | $86,285 | 🔴 $-5.25\%$ |
| ETH/USD | $4,215.00 | 🔴 $-4.02\%$ (Estimated) |
📰 Today’s Market-Moving Headlines
The Two Big Stories Driving Sentiment:
- Crypto Plunge: Bitcoin broke below $87,000 overnight, triggering liquidations across the ecosystem. This sharp move, potentially related to end-of-year profit-taking and fears over pending global regulation, has introduced a risk-off flavor that’s weighing on tech and growth stocks.
- Japan’s Jitters: Following yesterday’s surprise hints from the Bank of Japan (BoJ) Governor about a potential near-term rate hike, the Yen surged and Japanese bond yields spiked. While the Yen has steadied, the move served as a stark reminder that global central banks still hold the power to deliver unexpected shocks.
🗓️ Key Economic Indicators Incoming (All Times CET):
- 11:00: 🌍 OECD Economic Outlook Release. (High Volatility Expected) – This comprehensive analysis will frame the growth and inflation expectations for the world’s major economies and is a must-watch for macro traders.
- 15:00: 🇪🇺 Eurozone CPI (Nov Final). Consensus: 2.1% YoY. – Confirmation of slowing inflation would give the ECB breathing room, but any upside surprise could fuel rate hike bets.
- 16:00: 🇺🇸 US JOLTS Job Openings (Sep). Consensus: 7.227M. – The labor market remains key. A significant deviation could sway the Fed’s messaging on interest rates.
- 16:00: 🇺🇸 FOMC Member Bowman Speaks. – Listen for any specific commentary on today’s JOLTs data or forward guidance ahead of the next FOMC meeting.
🧠 Ramon’s Insight & Guidance
The playbook today is straightforward: Mind the OECD and the Job Data.
The market is showing signs of being stretched after a strong run into year-end, and the crypto wobble is the excuse for profit-takers. European indices are in a holding pattern, waiting for the Eurozone CPI numbers (a domestic catalyst) and the JOLTs data (a global catalyst).
Guidance: Keep your powder dry until after the 11:00 AM CET OECD release. If JOLTs comes in weaker than expected this afternoon, look for an opportunity to bet on a dovish Fed pivot, which would likely rally US futures and push tech stocks higher, despite the crypto pullback. Remember: volatility is not risk; it is opportunity.
El Mundo del Trading en los Mercados Financieros 