Global markets ended Thursday, November 6, 2025, under renewed pressure as investors braced for upcoming U.S. inflation readings and corporate earnings updates. Risk appetite weakened across major regions, pushing equities lower and driving volatility higher, with the CBOE VIX climbing over 8%. The dollar held steady near 99.8, while government bond markets saw modest buying as traders sought safety ahead of Friday’s session.

U.S. Markets: Tech Selloff and Rising Volatility

Wall Street extended its losses on Thursday as major indices fell across the board. The Dow Jones Industrial Average declined 0.84% to 46,912.30, while the S&P 500 dropped 1.12% to 6,720.32. The tech-heavy Nasdaq tumbled 1.9% to 23,053.99, marking one of its weakest sessions in weeks. Small-cap stocks were hit even harder, with the Russell 2000 sinking 1.86% to 2,418.82, reflecting broader risk aversion among investors.

The surge in the VIX to 19.50, up 8.27% on the day, underscored rising market anxiety. Investors remained cautious as speculation intensified over whether the Federal Reserve would maintain its higher-for-longer rate stance. Meanwhile, the U.S. Dollar Index edged up 0.07% to 99.81, signaling limited movement as traders waited for fresh macroeconomic catalysts.

In Latin America, Brazil’s IBOVESPA index closed slightly higher at 153,338.62 (+0.03%), supported by gains in commodities and financials, offering a rare bright spot amid global declines.

Europe: Cautious Trading as Economic Sentiment Weakens

European markets mirrored the U.S. downturn, weighed by disappointing industrial sentiment and concerns about slowing growth. The DAX in Germany fell 1.31% to 23,734.02, while France’s CAC 40 dropped 1.36% to 7,964.77. The EURO STOXX 50 Index lost 1.02%, and London’s FTSE 100 declined 0.42% to 9,735.78.

Despite the equity losses, the British Pound Index rose 0.63% to 131.31 and the Euro Index gained 0.46% to 115.46, as stronger-than-expected service sector data slightly offset industrial weakness. The Euronext 100 fell 0.91%, reflecting broad-based declines in European financials and consumer goods stocks. The MSCI Europe Index slipped 0.15%, highlighting modest regional divergence but an overall negative tone across the continent.

Asia: Steep Losses as Risk Sentiment Worsens

Asian equities ended Thursday sharply lower, following overnight weakness in the U.S. markets. Japan’s Nikkei 225 led regional declines, dropping 2.23% to 49,749.50 as the yen strengthened 0.69% against the dollar, pressuring exporters. South Korea’s KOSPI plunged 2.95% to 3,907.66 amid foreign investor outflows, while Hong Kong’s Hang Seng Index fell 1.14% to 26,184.19.

In mainland China, the Shanghai Composite slipped 0.16% to 4,001.24, reflecting ongoing caution around property sector risks and uneven economic recovery momentum. Australia’s S&P/ASX 200 shed 0.69% to 8,767.40, and India’s Sensex lost 0.65% to 82,765.58, as global volatility weighed on regional sentiment.

Israel Market: Tel Aviv Indices Join Global Pullback

Tel Aviv stocks followed the global decline on Thursday, November 6, with broad weakness across major indices. The TA-35 fell 0.45% to 3,335.93, while the TA-90 dropped 1.05% to 3,579.42, driven by notable losses in technology and real estate shares. The broader TA-125 index slipped 0.61% to 3,389.34.

Trading volume on the Tel Aviv Stock Exchange totaled approximately 13.5 billion NIS in equities and 4.3 billion NIS in bonds, reflecting elevated activity amid market uncertainty. Bond markets were relatively stable, with the short-term bond index inching up 0.02%, while the All-Bond General Index eased 0.11%. The TA-Banking and TA-Balanced Sector indices each posted moderate declines, down 0.26% and 0.54%, respectively, underscoring cautious positioning among institutional investors.

Outlook for Friday, November 7, 2025

Markets head into Friday with a defensive tone, as investors await key U.S. inflation and employment data that could influence near-term monetary policy expectations. Global equity sentiment remains fragile, with the VIX signaling persistent volatility and Asian futures pointing to further softness.

In Tel Aviv, local traders will monitor developments in global bond yields and energy prices, both critical for Israel’s financial and industrial sectors. Unless economic data surprises to the upside, analysts expect continued consolidation heading into the weekend, with investors likely to favor defensive positioning and high-quality assets amid global uncertainty.