Global equities closed Monday, November 3, 2025, with mixed performances across major regions as investors weighed inflation data, earnings updates, and geopolitical headlines. U.S. tech shares extended their gains, while European and Asian indices showed mild weakness. Meanwhile, the Tel Aviv Stock Exchange (TASE) stood out with broad-based gains, supported by strong liquidity and renewed investor confidence. Tuesday’s session, November 4, is expected to bring cautious trading globally, with some markets closed for national holidays in Russia and Ecuador.

Americas: Nasdaq Gains While Dow Retreats

In the United States, market sentiment was divided as investors rotated between growth and value stocks. The Nasdaq climbed 0.46% to 23,834.72, supported by continued buying in large-cap technology names and semiconductor firms. The S&P 500 also edged higher by 0.17% to 6,851.97, while the Dow Jones Industrial Average slipped 0.48% to 47,336.68, weighed by losses in industrial and energy shares. The Russell 2000 fell 0.33%, reflecting weakness among small caps.

In Brazil, the IBOVESPA advanced 0.61% to 150,454.23 amid a rebound in commodity-related stocks and stable macroeconomic indicators. Canada’s S&P/TSX Composite added 0.05%, while the U.S. Dollar Index rose slightly to 99.92, signaling cautious optimism ahead of Wednesday’s Federal Reserve remarks. The volatility index (VIX) eased by 1.55% to 17.17, pointing to modest risk appetite.

Europe: Cautious Gains with Eyes on Economic Data and Holidays

European stocks traded mostly higher but lacked strong momentum. Germany’s DAX gained 0.73% to 24,132.41, while the Euro Stoxx 50 added 0.30% to 5,679.25, supported by gains in industrial and banking sectors. However, France’s CAC 40 slipped 0.14% and the UK’s FTSE 100 declined 0.16%, as investors took profits following a strong October rally. The broader MSCI Europe index edged 0.10% lower, and the Euro Index dropped 0.27%, reflecting continued concerns over eurozone inflation and sluggish growth.

Regional sentiment was also shaped by upcoming closures in Russia, where the Moscow Stock Exchange will observe Unity Day, leading to lighter trading volumes. Analysts expect muted volatility but continued caution as investors await European Central Bank commentary later in the week.

Asia: Mixed Sentiment as Investors Weigh Regional Headwinds

Asian markets delivered a mixed performance, reflecting differing regional dynamics. China’s SSE Composite Index rose 0.55% to 3,976.52, as optimism grew around potential policy support for domestic consumption. Hong Kong’s Hang Seng gained 0.20%, while Japan’s Nikkei 225 fell 0.55% to 52,125.11, dragged by profit-taking in export-heavy sectors amid a slightly weaker yen. South Korea’s KOSPI slid sharply by 1.71% to 4,149.66, extending losses from last week as chipmakers and automakers faced global demand concerns. Australia’s S&P/ASX 200 dropped 0.67% amid declining energy shares.

Regional currencies were relatively stable, with the Japanese Yen Index at 64.83 (-0.16%) and the Australian Dollar Index at 65.36 (-0.09%). Trading activity across Asia was also tempered by the Russian market holiday, limiting cross-border liquidity flows.

Tel Aviv Market: Broad Gains Across Major Indices

The Tel Aviv Stock Exchange posted strong gains on Monday, standing out against the global backdrop. The TA-35 index climbed 0.98% to 3,320.54, while the TA-125 rose 0.76% to 3,388.90, driven by gains in banking and technology shares. The TA-Banks index advanced 0.86%, and the TA-90 added 0.13%, signaling a broad-based rally across sectors. Total trading volume in equities reached over 3.65 billion shekels, while bond market turnover exceeded 4.4 billion shekels, underscoring robust investor participation.

Short-term bond indices were stable, with the All-Bond General Index unchanged at 418.90 and the Tel-Bond 60 up 0.07%. Analysts attribute the rally to local institutional inflows and expectations of stable interest rates through year-end, despite global monetary tightening.

Outlook for Tuesday, November 4, 2025: Holiday Quiet and Cautious Optimism

Looking ahead, Tuesday’s global trading session may see subdued volumes due to national holidays — Ecuador’s Quito Stock Exchange is closed for Independence Day, and Russia’s Moscow Exchange remains shut for Unity Day. Market participants will focus on upcoming macroeconomic data, including U.S. job openings and eurozone retail sales, for signals on inflation and growth trajectories.

With mixed earnings reports and shifting rate expectations, investors are likely to remain selective, favoring high-quality equities and defensive assets. The key watchpoints for November 5 include the U.S. bond market’s response to Fed commentary and continued developments in Asia’s technology sector. Overall, markets enter Tuesday’s session with cautious optimism, balancing macro risks against improving corporate fundamentals.