Markets around the world faced a broadly negative session on November 17, 2025, as investor caution intensified ahead of key earnings reports and economic data. US futures, European equities, and Asian markets all declined, highlighting lingering concerns about global growth, interest rate expectations, and tech sector volatility. Meanwhile, the Tel Aviv Stock Exchange posted mixed results, with the blue-chip TA-35 index showing modest gains while broader indices underperformed.

Americas: Tech and Small-Cap Weakness Drive US Losses

US markets closed lower on November 17, with the Dow 30 down 1.18% to 46,590.24, the S&P 500 down 0.92% to 6,672.41, and the Nasdaq 100 down 0.84% to 22,708.07. Small-cap stocks underperformed, with the Russell 2000 plunging 1.96% to 2,341.38, reflecting heightened risk aversion ahead of Nvidia earnings and the upcoming US jobs report. Market volatility surged, with the VIX rising 12.86% to 22.38. The US Dollar Index showed a minor decline of 0.06% to 99.53, signaling relative stability in currency markets despite equity weakness.

In Brazil, the IBOVESPA fell 0.47% to 156,992.94, and Canada’s S&P/TSX Composite declined 0.83% to 30,076.21, mirroring global risk-off dynamics. The decline in equities occurred despite stable commodity prices, as investors weighed mixed macroeconomic data and geopolitical developments.

Europe: Broad-Based Losses Amid Public Holidays

European markets experienced moderate declines on November 17. Germany’s DAX fell 1.20% to 23,590.52, while France’s CAC 40 dropped 0.63% to 8,119.02. The EURO STOXX 50 slipped 0.93% to 5,640.94. Investors navigated a subdued trading session as Croatia’s Zagreb Stock Exchange remained closed for Armistice Day. Currency indices showed modest changes, with the British Pound Index down 0.12% to 131.57 and the Euro Index falling 0.23% to 115.90.

The European session reflected ongoing caution over growth prospects and rate policy in light of global inflation trends. Investors favored defensive sectors, while cyclical industries saw pressure, highlighting continued sensitivity to macroeconomic signals.

Asia: Declines Across Key Markets

Asian markets faced broad declines on November 17, with Japan’s Nikkei 225 down 2.71% to 48,960.22 and Korea’s KOSPI falling 2.58% to 3,983.88. Hong Kong’s Hang Seng shed 1.51% to 25,985.64, and Australia’s S&P/ASX 200 declined 1.91% to 8,471.60. India’s S&P BSE SENSEX recorded a smaller loss of 0.20% to 84,781.37. Trading in Oman was closed for the Islamic New Year (Hijri), limiting regional liquidity.

Israel: Mixed Performance Amid Sector Rotation

On the Tel Aviv Stock Exchange, the TA-35 gained slightly by 0.12% to 3,451.39, with 15 stocks advancing, 17 declining, and 3 unchanged. Broader indices, including the TA-90 and TA-90 Banks, fell by 1.28% and 1.34%, respectively, reflecting sector rotation and selective risk aversion. Total equity turnover reached 3.83 billion NIS, while bond markets posted modest gains, with the All-Bond General Index rising 0.05% to 419.75 points. Short-term and inflation-linked bond indices also recorded marginal increases, signaling investor caution and rebalancing ahead of global macroeconomic updates.

Looking Ahead: November 18, 2025 – Key Factors to Watch

Investors will monitor US corporate earnings, particularly Nvidia, and the US jobs report for signals on economic momentum and monetary policy. European markets may remain cautious after Croatia’s market closure, while Asia navigates post-holiday flows with Oman closed for the Islamic New Year. In Tel Aviv, participants will track sector-specific developments, particularly in banks and technology, to assess whether the TA-35’s modest gain can be sustained amid global risk-off pressures. Across all regions, volatility and interest rate expectations are likely to remain central to market dynamics heading into November 18 trading.