US stocks finished lower in a choppy start to the month, while crypto tumbled – Newsquawk Asia-Pac Market Open

US stocks ultimately finished the first session of December in the red following a choppy session with equity futures sold overnight alongside caution in APAC trade in response to soft China PMIs. Pressure extended once Europe arrived, with the DAX lagging amid a downward revision to the German manufacturing PMI. However, around the opening bell, the risk tone in equities started to improve throughout the afternoon, before fading into the closing bell. USD was ultimately flat as JPY outperformance was offset by weakness in GBP, CHF, and CAD, while the latest ISM Manufacturing PMI report showed a surprise decline in…