To The Moon

Asian and European stocks edged up in the wake of Federal Reserve minutes that revealed most policy makers expect to slow the pace of interest-rate increases.

Asian stock indexes rose, playing catch-up to the S&P 500’s earlier rally. Japan’s Nikkei 225 climbed 1% and Hong Kong’s Hang Seng added 0.8%.

European stocks logged modest gains, with the Stoxx Europe 600 rising 0.35%.

U.S. stock and bond markets were closed for the Thanksgiving holiday.

Oil prices ticked down, with global crude benchmark Brent declining 0.5% to trade at $84.69 a barrel. Group of Seven leaders continued discussions on a price cap for Russian oil.

The dollar weakened, with the WSJ Dollar Index falling 0.5%.

The Fed's minutes showed a downgrade to the economic outlook, with the central bank’s staff seeing a U.S. recession next year “as almost as likely” as their baseline projection of weak growth.

@Daily_Discussion