Money Peak 24h Market Report

Good morning, Money Peak readers! The markets are showing interesting dynamics: While the DAX turned positive with a gain of 0.51%, Trump's monetary policy personnel decisions and upcoming US labor market data are creating tension. Particularly noteworthy: Bayer AG made a spectacular jump of +12.08%, while technology stocks continued to advance following strong quarterly reports.

⚡ Money Peak 24h Snapshot

• DAX up 0.51%, despite ongoing concerns about the "America First" tariff agreement
• Bayer AG with spectacular price jump (+12.08%) - restructuring speculation as a possible driver
• Trump cancels Fed chair interviews - Kevin Hassett considered the favorite, which could mean a monetary policy realignment
• Cyber Monday breaks all records with $14.25 billion (+7.1%), but experts warn of fragile US consumer
• In focus today: ADP employment report and ISM services index from the US

💹 Current Market Drivers in Focus

US Monetary Policy in Transition

Trump surprisingly canceled interviews with candidates for the Fed chair position and indicates that Kevin Hassett is his favorite [1]. This decision could lead to a significant monetary policy realignment, which would likely influence global markets and the EUR/USD.

Tariff & Fiscal Policy USA

Trump is planning an unusual measure: tax refunds from tariff revenues to be paid directly to US citizens. The idea faces bipartisan skepticism but could support consumption and equity markets in the short term [2]. At the same time, economic concerns are growing: according to the ISM survey, companies fear that the planned tariffs could lead to layoffs starting in 2026 [3].

Strong Tech Results Energize the Market

Impressive quarterly figures from Credo Technology and MongoDB have triggered a rally in the technology sector. Marvell Technology jumped significantly in after-hours trading [4]. Despite November's pullback, the NASDAQ remains up over 20% year-to-date—a clear sign of the technology sector's continued strength.

Record Cyber Monday with Downsides

Cyber Monday brought a record revenue of $14.25 billion (+7.1% year-over-year), driven by high discounts especially on electronics [5]. Despite the strong sales figures, analysts see signs of an increasingly fragile US consumer, which could lead to a decline in consumer spending in the medium term [6].

📊 Market Data Overview

Major Indices

Top and Bottom Performers in the DAX

Top Performers:

Bottom Performers:

Commodity Prices

Currencies and Bonds

🔍 Our Focus Topic: Bayer's Surprising Rally

Bayer AG stands out with an impressive price jump of +12.08%. This unusually strong movement comes after a long period of underperformance. Market observers speculate about possible reasons:

1. Restructuring Hopes: There are rumors about comprehensive restructuring measures that could put the troubled company back on track.

2. Potential Takeover Speculation: The low valuation could attract strategic investors.

3. Technical Rebound: After the sharp price decline in recent months, this could be a technical counter-movement, amplified by short covering.

The price jump is particularly remarkable as it occurred without official company announcements. Investors should note that such sudden movements are often volatile and require confirmation through fundamental developments.

💡 Money Peak Assessment: What the Last 24h Mean for You as an Investor

Acute Action Items

• Leverage Bayer Momentum? The strong price jump in Bayer could continue in the short term but remains speculative. Those looking to invest should define a clear exit strategy.
• Review Technology Stocks: The positive quarterly figures in the tech sector may offer attractive entry opportunities, especially in semiconductor stocks like Infineon.

Important Observation Topics

1. US Monetary Policy: The personnel decisions for the Fed chair could have far-reaching consequences for interest rate policy. Pay particular attention to statements from Kevin Hassett.
2. Consumer Trends: Despite strong Cyber Monday figures, there are warning signs for US consumption. Keep an eye on retail stocks and consumer indices.
3. Tariff Impacts: Trump's planned tariffs could particularly burden export-oriented German companies. Diversification remains important.
4. Labor Market Data: Today's ADP figures and the ISM services index will provide important indicators on the US economy.

📆 Outlook: Important Events Today

09:55 CET (DE): HCOB Services PMI (November)

14:15 CET (US): ADP Employment Change (November)

16:00 CET (US): ISM Services/Non-Manufacturing PMI (November)

16:30 CET (US): EIA Weekly Petroleum Status Report (crude oil, gasoline, distillate inventories)

References:

[1] Trump cancels Fed chair interviews, Hassett top contender. wsj.com

[2] Trump says will give out refunds to taxpayers from tariffs. youtube.com

[3] Delayed tariff impact starting to hit, could cause companies to reduce head count in 2026. cnbc.com

[4] Stock Market Pads Gains After Tech Earnings Impress; Marvell Technology Jumps Late. investors.com

[5] Cyber Monday discounts drive record $14.25B in online sales. foxbusiness.com

[6] Strong start to online holiday shopping masks signs of a fragile U.S. consumer. reuters.com

[7] Dax setzt Talfahrt fort - Tief seit Juni droht. boersennews.de