Asian markets faced a downturn on Friday following the MSCI All Country World Index's robust performance in November, marking its third-largest monthly gain in the past decade. Concurrently, the dollar experienced a marginal decline.Chinese stocks initiated a decline, contributing to a year-low for a benchmark of mainland shares. Australia and South Korea also witnessed a dip in equities, impacting the overall Asian shares index. On the contrary, Japanese benchmarks showed positive movements. In the U.S., futures indicated a slight decrease after the S&P 500 recorded a 0.4% increase on Thursday, culminating in nearly a 9% surge for the month, ranking among its best Novembers on record. The all-country index achieved its most significant monthly gain since 2020.The U.S. dollar weakened against major peers, prompted by a decrease in a measure of inflation. This spurred speculations about a potential conclusion to the Federal Reserve tightening cycle, aligning with the narrative that fuel...

 A comprehensive look at the upcoming day in European and global markets, presented by Ankur Banerjee:Following an exceptional November, investors are poised for an optimistic start to December in Europe. The anticipation of imminent rate cuts by central banks permeates the atmosphere, although a "fireside chat" with Fed Chair Jerome Powell later in the day stands as a potential party spoiler....