📆 Monday, December 11
► The Stoxx 600 in Europe remains steady, balancing gains in certain sectors against declines in mining and growth stocks. Investors globally await crucial decisions from the Fed (Dec 13), ECB, and BOE (both Dec 14), seeking clarity on the interest rate trajectory amidst varying economic signals.
► US futures saw slight declines, with the Nasdaq dropping 0.15% – 0.2%, markets are exhibiting cautious trading patterns in anticipation of major economic announcements. The release of the NFP last Friday indicated a robust U.S. economy and labor market. This strength is likely to bolster the USD, as it suggests a decreased likelihood of immediate rate cuts by the Federal Reserve. Traders anticipate key US inflation data and the Federal Reserve's decision this week, which will provide more signals for the direction of future interest rates.
► Asian stocks showed mixed results. Chinese stocks rebound, fueled by heavy ETF volumes (partially state funded purchases) and optimistic views from a local hedge fund. Deflationary trends in China prompt discussions on policy intervention, as consumer and producer prices indicate a deepening economic challenge. Meanwhile, Japanese stocks gained 1.56%, influenced by the Bank of Japan's approach to its interest rate policy.
Subscribe to see more