Daily digest market mover Markets are enjoying Thanksgiving
The US economic calendar will be empty on Thursday and Friday due to the Thanksgiving holidays.
Equities are trading in the green overall this Thursday. European indices are up nearly 1%, while US futures are flat to marginally higher on the day.
The CME FedWatch Tool is pricing in another 25 basis points (bps) rate cut by the Fed at the December 18 meeting by 68.2%. A 31.8% chance is for rates to remain unchanged. The Fed Minutes have helped the rate cut odds for December to move higher.
The US 10-year benchmark rate trades at 4.26%, and will not move this Thursday with the US bond market being closed.
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