Newsquawk US Stock Market Wrap
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Newsquawk US Market Wrap
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BTCUSD
Similar to its younger bro Ripple, Bitcoin is positioning itself tonight for more advances tomorrow.
Resistance at 93.090 – if it gives a way, BTC would target 98.245
Looking at the big picture it is not very possible for BTC to continue much higher in that case.
For now we must treat this move as a correction of a previous drop.

Gamestop Corporation Stocks – GME
Lots of advertising, lots of talking and even playful image of President Donald Trump released by the White House, depicting him as a character in Microsoft’s upcoming release of Halo: Campaign Evolved, was also taken as support for GameStop’s broader marketing effort.
But…24.45 is the name of the game – if it fails on that level GME would be thrown back to the dungeons – 20 and sub 20 levels to start with.
Frankly even 4.00 comes to play in that instance…

Next Fed Chair?
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Euronews
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EU to unveil new economic security doctrine amid growing risks
The European Commission will – on Wednesday – unveil a new economic security doctrine designed to anticipate trade threats and take a more strategic approach to the EU’s existing trade tools.
‘Europe must change its understanding of modern warfare,’ EU defence chief says
Drone incursions into EU member states’ airspace are changing warfare doctrines, and the EU’s response to this remains inadequate, the bloc’s defence chief told Euronews.
China to tax condoms for first time in 30 years as demographic crisis deepens
The removal of a tax exemption reflects Beijing’s concerns over ageing, labour shortages, and slowing long-term growth.
European Union
The ties that bind :
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EU takes small steps in uphill struggle to wean savers off cash
By Valentina Za and Jesús Aguado, December 2, 2025
Summary
– EU households shun investments for bank deposits
– Structural weakness hurts both economy and savers
– EU to unveil new savings and investment union plan on Dec. 3
– Fragmented supervision, distrust hinder integration
…” Despite more than 60 legislative proposals since 2015, national interests, technical complexity and shifting political priorities have hindered progress on market integration, a European Central Bank (ECB) study said in May.
A new package is due to be presented on Wednesday.” …/..
Trump does not sound optimistic so surprise would be a breakthrough in talks
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Trump does not sound optimistic so surprise would be a breakthrough in talks
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Take this event risk off the table
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Stocks took a hit on Amazon headline’
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Hawkish Putin comments on Ukraine… USD blips along with crude,
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