The tech-heavy index rose 1.77% to end at 20,034.89 and post an all-time high and a closing record. The broad market S&P 500 gained 0.82% to close at 6,084.19. The Dow Jones Industrial Average was the outlier, falling 99.27 points, or 0.22%, to 44,148.56.

November's CPI was in line with expectations. The reading showed a 0.3% rise from October and 2.7% increase from a year ago. Excluding volatile food and energy prices, core CPI increased 0.3% on the month and 3.3% on an annual basis. Fed set to cut 25bps next week.

ASX SPI up 38  - Jobs number at 11.30am. Consensus +25k 4.1% headline rate - ORA sells US Business.

• WTI jumped 2.5% as EU sanctions on Russia's "shadow fleet" threaten supply. Brent crude up 2.2%.
• OPEC lowered its 2024 oil demand growth forecast for the fifth consecutive month, citing weaker Chinese demand. Growth is now expected at 1.61m bpd (-210k bpd).
• Chile projects 2025 copper output at 5.4–5.6m tons and prices at $4.2–$4.5/lb.
• LME copper fell 0.28% after touching a one-month high, as a stronger US dollar offset optimism over China's potential monetary easing.
• Gold rose 0.91% after inflation matched expectations.

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