Market Overview
Japanese index became the best-performing stock index in Asia
2023.12.29
Economic news is also contributing to the rally in stock indices. US weekly initial jobless claims rose by 12,000 to 218,000, indicating a weak labor market versus expectations of a rise to 210,000. U...
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The decline in global bond yields supports stock indices
2023.12.28
Apple (AAPL) fell by 0.78%, added to Tuesday's 0.28% loss, and topped the Dow Jones (US30) losers list after the US Trade Representative decided not to overturn the International Trade Commission's ru...
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Oil rises in price amid rising geopolitical risks in the Middle East. Santa Claus rally supports broad market
2023.12.27
Rising holiday spending indicates consumer confidence in the economic outlook, which is supporting stocks.
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Oil rises amid risks of supply disruption across the Red Sea. The UK economy is close to recession
2023.12.26
On Friday, the US PCE deflator for November fell to a 2-year low of 2.6% y/y from October's revised 2.9% y/y and was weaker than expectations of 2.8% y/y.
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Week's main events Week's main events (December 25 – December 29)
2023.12.26
The last trading week of the 2023 year
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Japan sees inflationary pressures easing. Angola leaves OPEC+
2023.12.22
The Philadelphia Fed's December business outlook survey unexpectedly fell by 4.6 to minus 10.5, which was weaker than expectations for a rise to minus 3.0.
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Hedge funds and large investors are locking in positions ahead of the Christmas holidays
2023.12.21
Philadelphia Fed President Harker's comments on Wednesday were somewhat hawkish and favorable to the US dollar when he said the Fed should start cutting interest rates, but "we shouldn't do it too qui...
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China kept interest rates at current levels. The conditions for a rally have formed again for oil
2023.12.20
On the upside, construction starts unexpectedly rose by 14.8% m/m to a 6-month high of 1.56 million in November, which was stronger than expectations for a decline to 1.36 million.
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Bank of Japan disappointed investors with no plans for 2024. Oil rises due to Houthi attacks on tankers in the Red Sea
2023.12.19
Goldman Sachs yesterday raised its target for the S&P 500 by the end of next year to 5,100 from a mid-November forecast of 4,700, saying the Fed's dovish policy rate last week and lower consumer price...
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Investors are expecting a Santa Claus rally. The Eurozone economy is close to a recession
2023.12.18
Hawkish comments from the Fed on Friday lent support to the dollar. New York Fed President Williams said the question now is whether the bank has sufficiently constrained the economy.
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