U.S. stocks are poised to surge, and crude oil prices continue to decline, releasing multiple signals

On November 24, U.S. stock futures showed an upward trend before the market opened, with all three major indices futures rising—Dow Jones futures up 0.09%, S&P 500 futures up 0.33%, and Nasdaq 100 futures up 0.52%. Among the leading tech stocks, Google pre-market rose by 2.57% to $307.34, hitting a new all-time high; Nvidia and Tesla increased by 0.49% and 1.83% respectively, indicating a clear bullish market sentiment.

Crude Oil Prices Continue to Decline, Peace Expectations Boost Supply Outlook

The energy market received negative news—potential thawing of the Russia-Ukraine conflict. The Trump administration is actively pushing Ukraine to agree to end the conflict by the 27th. If a peace agreement is reached and sanctions on Russia are eased, the international oil market will face additional supply pressure. This expectation has already been reflected in crude oil price movements: WTI crude oil has fallen consecutively to $57.80 per barrel (down 0.29%), and Brent crude oil has sharply declined to $61.64 per barrel (down 1.41%). The four consecutive declines in oil prices fully demonstrate market concerns over oversupply.

Bitcoin Struggles to Rebound, Market Sentiment Cautious

In the digital asset space, Bitcoin experienced a deep correction last Friday (dropping to $80,537, a seven-month low). Although it has rebounded, the rebound has been limited. As of the 24th, Bitcoin stabilized above $87,000, still below its all-time high. Options market data reveal trader sentiment—Sean Dawson, Head of Research at Derive platform, pointed out that large volumes of put options continue to be bought, indicating that the market remains defensive amid the rebound.

Fed Rate Cut Expectations Reignite, Gold Finds Support

The Federal Reserve’s stance has brought new pricing logic to the market. New York Fed President Williams stated last Friday that the Fed still has room to cut interest rates further, boosting market expectations of rate cuts to 71.5% (for the December decision). As a beneficiary of rate cut expectations, gold prices rebounded to $4,068 per ounce (up 0.07%).

This Week’s Economic Calendar Focuses on Data Releases

Key focus points include: November 25, the release of the US September PPI; November 26, the US will release revised Q3 GDP, October personal income and expenditure, and PCE price index; New Zealand and South Korea central banks will simultaneously announce interest rate decisions; and on November 27, U.S. stock markets will be closed for Thanksgiving.