The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.
European natural-gas prices were at their highest level of the year, boosted by growing geopolitical risks and higher demand, with market concerns driven by Russiaβs increased attacks against Ukrainian energy infrastructure.
Oil prices gained more than 1% in early European trade as growing concerns over escalating tensions between Russia and Ukraine offset an unexpected rise in U.S. crude stockpiles.
Copper and aluminum were flat as ANZ Research said there were signs of improving fundamentals in the base metals market, including a faster pace of growth in Chinese retail sales.
The euro might recover against the dollar next year as eurozone economic growth is likely to improve slightly, UBS said, forecasting it to rise to $1.12 by the end of 2025, from $1.0522 currently.
U.S. crude oil inventories rose last week as an increase in imports offset a decline in production, while refineries ran at a lower rate than the week before.
U.S. natural gas futures rose for a fourth straight session as the market braced for a turn in the weather and the start of the storage withdrawal season.
Oil rose with crude on track to record gains for the third consecutive session on increasing geopolitical concerns and signs of increased demand, Exness said.
Bund yields were higher in early European trading and Commerzbank Research said risk-off dynamics were fading, although the underlying safety bid in German bonds was likely to linger.