Major Tech Stock Corrections Push Global Indexes into Negative Territory - 17.11.2025

The live dollar index strengthened significantly late in the week after central bank officials dampened expectations for near-term interest rate cuts.

• EUR/USD declined as the Dollar gained strength, erasing early-week gains made by the Euro.
• GBP/USD fell, pressured by a strengthening Dollar and a mixed economic outlook in the UK.
• USD/JPY advanced, benefiting from the widening gap between expected U.S. and Japanese interest rates.
• AUD/USD was mostly stable, awaiting critical upcoming domestic economic data.

Global stock markets struggled, sending major indexes lower on Friday. The Dow Jones Index, S&P 500 Index, and especially the tech-heavy Nasdaq Index closed the week lower, mainly due to profit-taking and valuation concerns in the technology sector. Asian markets followed the U.S. decline: Japan's Nikkei Index and the Hang Seng Index in Hong Kong dropped significantly, further weighed down by weak economic figures from China. The Australian Stock Index also finished the week in negative territory, mirroring the broader global downtrend.

Crude oil prices posted weekly gains despite intra-week volatility. Both Brent Crude Oil and WTI Crude finished the week higher. Prices for Brent were supported by concerns over oil supply following a drone strike on a Russian oil facility, which signaled potential disruptions to exports.

Cryptocurrency experienced a broad decline, reflecting a flight from riskier assets. BTCUSD and ETHUSD  both retreated. The persistent expectation of high U.S. interest rates continues to suppress enthusiasm for speculative investments like cryptocurrencies.