Trading of futures and options on the Chicago Mercantile Exchange stopped for several hours due to a data center fault, disrupting markets around the world (more on that below). | Before the technical glitch, S&P 500 futures were signaling the index's first monthly loss since April. The US benchmark, which had been down as much as 4.7% for November, narrowed its monthly loss to 0.4% before the Thanksgiving holiday. | Market fallout continues in China after property giant Vanke shocked creditors by proposing to delay paying a local bond. Property shares have now retreated more than 4.5% in the six sessions through Friday, the longest run of losses in half a year. | Stocks in Asia edged down on Friday, with South Korea underperforming. The MSCI Asia Pacific Index is set for its worst month since October last year. The Bloomberg Dollar Spot Index gained slightly. | Global stocks held firm and cryptocurrencies mostly gained, with US markets closed for the Thanksgiving holiday on Thursday. Money markets are still pricing in a roughly 80% probability of a 25bp rate cut from the Federal Reserve next month, which has helped firm up risk appetite.
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