US stock futures are down, while European stocks are generally up. Novo Nordisk rose 3% at one point, reaching a one-month high, and oil prices have seen a slight increase.

On Monday, November 13th, Moody's downgraded the US rating last week, causing US stock futures to decline; European stocks were boosted by healthcare stocks and rose across the board, with Novo Nordisk reaching a one-month high; OPEC slightly raised global demand, leading to a slight increase in oil prices.

Moody's Downgrades US Rating, US Stock Futures Decline

After Moody's downgraded the US credit rating outlook from stable to negative, US stock index futures fell slightly. Dow Jones Industrial Average futures, which are mainly composed of blue-chip stocks, fell by 0.09%; S&P 500 index futures fell by 0.15%; Nasdaq 100 index futures, which are mainly composed of technology stocks, fell by 0.2%.

Moody's emphasized last Saturday that the very large fiscal deficit in the United States and the partisan deadlock in Washington are factors leading to the downgrade. Moody's is the only one of the three major rating agencies that still assigns a AAA credit rating to the United States. In August of this year, Fitch announced that it would downgrade the US credit rating from AAA to AA+, citing expectations of fiscal deterioration, increased debt burden, and political deadlock on fiscal and debt issues.

European Stocks Rise on Boost from Healthcare Stocks, Novo Nordisk Reaches One-Month High

European stocks rose on Monday, driven by the healthcare industry. The STOXX 600 index rose by 0.6%, Germany's DAX30 index rose by 0.38%, and France's CAC40 index rose by 0.39%.

Novo Nordisk rose by 3% at one point, reaching a one-month high. Earlier, there were reports that the "weight loss miracle drug" also has a protective effect on the heart.

Investors are waiting for key inflation data this week, including inflation data from the United States and the Eurozone, in order to have a clear understanding of the economic outlook in the context of major central banks advocating for restrictive monetary policies. Daniela Hathorn, Senior Market Analyst at Capital.com, pointed out that central banks want to see the impact of previous rate hikes on the economy, and it will take some time to see the overall impact.

OPEC Slightly Raises Global Demand, Oil Prices Rise Slightly

After three weeks of decline, Brent crude oil prices remained around $81. OPEC slightly raised global demand, leading to a slight increase in oil prices. Brent crude oil has erased earlier losses and is currently reporting a decrease of about 12% in the past three weeks. Goldman Sachs has lowered its oil price forecast for next year to $92.

In its latest report, OPEC stated that the global oil market is shrouded in "excessive negative sentiment" and slightly raised its forecast for global oil demand growth in 2023 to 2.46 million barrels per day.