Moving Markets: Daily News Risk-on sentiment drives stocks higher as oil pulls back on Ukraine developments
Nov 26, 2025
In this insightful discussion, Roman Canziani, Head of Product & Investment Content, and Nenad Dinic, an Equity Strategy Research analyst, delve into the rallying equity markets fueled by hopes of US interest rate cuts. Roman highlights a significant drop in oil prices linked to Ukraine de-escalation, while Nenad argues that despite a stronger yen, Japanese equities remain on an upward trajectory thanks to fiscal stimulus and domestic consumption. Their analysis sheds light on the dynamic interplay between macroeconomic factors and market movements.
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Risk-On Rally Fueled By Fed Cut Hopes
- Equity markets rallied on hopes of near-term Fed rate cuts and possible Ukraine de-escalation.
- Europe 600 rose ~1% despite no domestic economic catalyst, driven by sentiment shifts.
Oil Drops On De-Escalation Signals
- Oil fell ~2% as reports of a potential Ukraine peace deal lowered the geopolitical risk premium.
- The IEA also warned of a potential 2026 oversupply, adding downward pressure.
AI Chip Competition Intensifies
- Meta exploring Google's TPUs for data centers threatens NVIDIA's dominance in AI chips.
- The news weighed on NVIDIA and AMD while lifting Alphabet shares.