International News 01 December 2025
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Gazprom Returns to Profit in Q3 but Misses Analyst Expectations
Gazprom posted a net profit of 134.2 billion rubles (US$1.72 billion) in Q3 2025, reversing a net loss of 53 billion rubles a year earlier, when results were weighed down by a one-off tax. The improvement was largely driven by Russian government tax relief aimed at supporting the energy giant after it lost its core pipeline gas market in Europe due to the fallout from the Russia–Ukraine conflict. Despite the return to profitability, the figure fell short of analysts’ expectations of about 200 billion rubles, according to an Interfax survey. Gazprom’s shares rose 1.13% to 125.46 rubles on the Moscow Exchange following the earnings release. Revenue for the quarter fell to 2.18 trillion rubles from 2.4 trillion rubles a year earlier, reflecting weaker international gas sales and a strategic market reorientation. Nonetheless, the company’s year-to-date performance remained strong: net profit for the first nine months climbed nearly 13% from the same period last year to 1.12 trillion rubles
Silver Hits New Record High Amid CME Disruptions and Tight Global Supply
Silver prices surged to a fresh record following hours-long operational disruptions at the Chicago Mercantile Exchange (CME). As of Saturday (Nov 29, 2025, 01:55 WIB), silver rose 0.15% to US$56.514 per ounce, surpassing the peak reached during October’s historic London market squeeze. The rally was supported by growing expectations of a Federal Reserve rate cut in December and strong inflows into bullion-backed ETFs. The record move unfolded during thin Black Friday trading in the U.S. and after CME’s outage, which earlier triggered unusually wide bid–ask spreads due to illiquidity. Once trading resumed, prices on the London Metal Exchange continued to climb. The new high comes just one month after a severe supply crunch in London caused silver prices to spike above levels in Shanghai and New York. Although nearly 54 million ounces have since arrived to ease the strain, the market remains extremely tight, with one-month lending rates still elevated. Inventory pressure is now spreading globally: silver stockpiles at Shanghai Futures Exchange–linked warehouses have dropped to their lowest since 2015. Analysts warn further gains are possible if Chinese inventories continue to fall. Traders are also watching potential new tariffs after silver was added to the U.S. Geological Survey’s list of critical minerals. Despite 75 million ounces leaving Comex vaults since early October, concerns over abrupt U.S. price spikes have slowed outflows. Silver has soared more than 90% this year amid investor rotation away from government bonds and currencies, supported by expectations of a fifth consecutive annual supply deficit and strong industrial demand from solar and electronics applications.
https://internasional.kontan.co.id/news/perak-kembali-ukir-rekor-baru-usai-gangguan-di-cme-group
U.S. Stocks Rise in Post-Thanksgiving Session as Rate-Cut Bets and Tech Rebound Lift Markets
U.S. stocks advanced in a low-volume, shortened post-Thanksgiving session on Friday (Nov 28, 2025), supported by gains in retail names and a rebound in major tech stocks. Expectations for a Federal Reserve interest-rate cut in December strengthened throughout the week, helping boost sentiment. The Dow climbed 0.61% to 47,716.42, the S&P 500 rose 0.54% to 6,849.09, and the Nasdaq gained 0.65% to 23,365.69. All S&P 500 sectors except healthcare finished higher, with Eli Lilly sliding 2.6%. Intel jumped 10.2% after an analyst report suggested it would begin supplying Apple with lower-tier M-series processors as early as 2027. All three major indexes posted weekly gains: the S&P 500 up 3.73%, the Nasdaq up 4.91%, and the Dow up 3.18%. The S&P 500 and Dow turned slightly positive for the month, while the Nasdaq closed down 1.51% amid growing concerns over AI and tech valuations as investors took profits. The session was also marked by a temporary global futures trading halt caused by a cooling failure at a CME Group data center, highlighting structural market risks. The week also kicked off the U.S. holiday shopping season, with Thanksgiving, Black Friday, and Cyber Monday marking crucial sales days for major retailers.
https://internasional.kontan.co.id/news/saham-saham-as-ditutup-menguat-tipis-usai-thanksgiving