Global markets experienced a mixed session on December 4, 2025, as investors digested a combination of corporate earnings, macroeconomic signals, and geopolitical developments. Tel Aviv equities advanced on selective sector strength, while US and European futures indicated a wait-and-see approach ahead of critical inflation data. In Asia, performance diverged amid mixed earnings and macro updates, compounded by the closure of the Thailand Stock Exchange.

Americas: Flat Futures Amid Inflation Anticipation

US markets showed limited directional movement on December 4, with S&P 500 futures rising slightly by 0.11% to 6,857.12, Nasdaq up 0.22% at 23,505.14, and Dow 30 futures down 0.07% to 47,850.94. The VIX fell 1.87% to 15.78, suggesting muted near-term volatility. In Latin America, Brazil’s IBOVESPA advanced 1.67% to 164,455.61, while Canada’s S&P/TSX Composite gained 1.02% to 31,477.57. Investors weighed incoming inflation data against recent mixed corporate earnings, closely monitoring implications for the Federal Reserve’s rate trajectory and broader risk appetite. Treasury yields and currency fluctuations are also being factored into strategic positioning ahead of December 5, 2025 trading.

Europe: Broad Gains Amid Stable Economic Signals

European equity markets ended December 4 with modest gains, led by Germany’s DAX rising 0.79% to 23,882.03. MSCI Europe increased 0.56% to 2,571.26, while France’s CAC 40 added 0.43% to 8,122.03. UK equities gained slightly, with FTSE 100 advancing 0.19% to 9,710.87. Currency indexes showed minor declines, including the Euro Index down 0.24% and the British Pound Index falling 0.21%. Investors continued to monitor corporate earnings, monetary policy expectations, and geopolitical developments in the region. These factors are likely to influence market direction on December 5, particularly with US inflation readings providing a key reference point.

Asia-Pacific: Mixed Trading and Thailand Closure

Asian markets were mixed on December 4, with South Korea’s KOSPI Composite climbing 1.03% to 4,070.15 and the Australian Dollar Index rising 0.18%. In contrast, Japan’s Nikkei 225 fell 1.31% to 50,360.05, while Hong Kong’s Hang Seng declined 0.24% to 25,872.37. China’s SSE Composite gained marginally by 0.08%, and India’s S&P BSE Sensex remained essentially flat at 85,250.56. The Thailand Stock Exchange was closed for H.M. the Late King’s Birthday, reducing regional liquidity and trading activity. Investors remain cautious, assessing corporate earnings, macro data, and currency trends ahead of the US inflation release.

Tel Aviv Market Overview: Gains Amid Sector Rotation

The Tel Aviv Stock Exchange showed broad gains on December 4, 2025. The TA-35 rose 1.14% to 3,506.55 points, with 21 stocks advancing and 14 declining. The TA-90 index dipped 0.66% to 3,659.21 points, reflecting mixed sector performance, while the TA-125 gained 0.70% to 3,535.70. Bond markets were stable, with short-term bonds rising 0.02% and the All-Bond General index down slightly by 0.01%. Trading volumes in equities and bonds reached approximately 3.77 billion NIS and 3.48 billion NIS, respectively. Investors are monitoring liquidity, sector rotation, and year-end positioning as they prepare for December 5.

Outlook for December 5, 2025: Key Risks and Opportunities

Looking ahead, global investors should focus on US core inflation data, Treasury yields, and central bank commentary, which will likely influence equities, bonds, and currency markets. In Israel, continued sector-specific rotation and large-cap performance will drive trading dynamics. Asia-Pacific markets are expected to react to US economic data while factoring in ongoing regional uncertainties. Market participants should remain attentive to volatility, geopolitical risks, and liquidity flows, as these factors will shape short-term market direction and trading opportunities across major indices.