CNBC Daily Open: November was a month to remember for stocks
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
Stocks' November reign
Major U.S. indexes climbed on Friday, a shortened day of trading, ending the week and the month higher. The S&P 500 and Dow Jones Industrial Average notched new highs. The pan-European Stoxx 600 index advanced 0.58% to end November 0.96% higher. Annual inflation in the euro zone rose an expected 2.3% in November, up from 2% in October.
India's economic growth disappoints
India's economy expanded by 5.4% in its second fiscal quarter ending September, according to the country's statistics agency. It's a steep drop from the previous quarter's 6.7% growth. Moreover, the GDP figure is far less than the 6.5% predicted by a Reuters poll and the 7% expected by the Reserve Bank of India.
Second-best month for Bitcoin
Bitcoin celebrated its second-best month of the year so far, jumping 38% for November. After Donald Trump won the U.S. elections, investors poured into bitcoin ETFs — which registered their largest of inflows in a day during that period — offsetting some profit-taking. The launch of options of bitcoin ETFs might boost the coin's popularity further.
Musk sues OpenAI
Attorneys representing Elon Musk filed for a preliminary injunction against OpenAI on Friday. The injunction would block OpenAI from converting into a fully for-profit business and stop OpenAI from allegedly requiring its investors to refrain from funding competitors, including xAI — Musk's AI startup — and others.
[PRO] Eyes on November's jobs report
This week's major piece of data is November's jobs