US Market Open: Muted market action due to holiday lull and CME issues

28/11/2025 3 min
US Market Open: Muted market action due to holiday lull and CME issues

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Episode Synopsis


European bourses are mostly flat, with the FTSE 100 (+0.1%) the only major index posting gains. Overall market action is muted amid light news flow, reflecting both Thanksgiving and the CME issues.An outage at CME Group has halted trade in FX, commodities, Treasuries and equities futures; "Due to a cooling issue at CyrusOne data centers, our markets are currently halted," CME said.DXY is firmer within a 99.50–99.75 range, having found support at the half-round figure and pushed above Thursday’s 99.71 peak.EGBs are ultimately a little softer post-data; the EUR dipped during the releases but has since bounced off lows.WTI and Brent traded with a positive bias overnight, extending the prior session’s gains. WTI trading was later halted due to the CME outage.Looking ahead, highlights Canadian GDP (Q3), German Nationwide HICP, Credit Review for France.Desk Schedule: There is normal service on Friday, 28th November until 18:15GMT/13:15EST at which point the desk will close.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

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