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Bloomberg
Oil rose ahead of key US #inflation data and a monthly report from #OPEC that will provide a snapshot on the #market. #Brent traded above $72, #WTI was near $69. The #Biden administration could tighten the market & drive up prices. #China set to policies for next year.
Reuters
A lower rung of U.S. #junkBonds is set to deliver its best returns in eight years in 2024, underscoring a significantly higher risk-return payoff for #investors dabbling in #speculative#assets this year. Investment-grade #bonds are generally perceived to be safer.
Reuters
India #rupee hits record low, bond yields dip as change of guard at #RBI spurs rate cut bets. The rupee weakened to a record low, pressured by heightened expectations of domestic rate cuts next year after the #Malhotra as the next governor of the Reserve Bank of India.
Bloomberg
#Chinese shares gained Today after the country’s top leaders made their strongest pledge in years to revive #economic growth. The benchmark #CSI300#Index rose as much as 3.3% on the mainland before paring its gain to 1.6%.
Associated Press
Many companies are still reluctant to embark on an initial public offering after the #bearishMarket in 2022, While 2024's #IPO activity represents an increase of 36% compared to last year. The #Companies are waiting for to go public: #Stripe, #Klarna, #CoreWeave
MW
The switch from the #speculative to the highly speculative may see #investors get burned. There are pockets of the #market very vulnerable to a #policy or growth curve-ball. The stock market will start the week just shy of its record high as the #bullish calls keep coming in.
Associated Press
#Asian shares slide, with #Korean benchmark down 2.5%, after Wall St hits records. #Chinese shares also fell, #HangSeng down 0.6% & the #Shanghai#index falling 0.4%. #Nikkei index edged 0.2% higher. India's #Sensex edged 0.1% lower. Taiwan's Taiex gained 0.4%
Bloomberg
#Oil edged higher as the #market weighed the fallout from the toppling of the #Syrian government, which has sent shock-waves through the #MiddleEast and dealt a blow to longtime backers #Russia & #Iran. The market is facing a glut next year.
Bloomberg
Trump: I has no plans to replace #Powell once I returns to the #WhiteHouse.
Powell, ready to defend the Fed’s independence from #political pressure, insisting the incoming president doesn’t have the power to fire him or other senior #Fed leaders.
#DonaldTrump
reuters
The #ruble rose against the US #dollar after #Putin issued a decree to pay for gas. Putin attended a press conference of the Collective Security Treaty Organization (#CSTO), and announced the payment of #gas costs.
marketwatch
U.S. employment rises as #jobless rate reaches 4.2%. #Stock-#index futures turn slightly higher after jobs data.
Combining the two months helps offset major disruptions in #employment in October from the Boeing strike and hurricanes Helene and Milton.
Bloomberg
China Sets Precedent by #Banning Others From Selling #Goods(#civilian & #military uses) to US. The precedent-setting move amounts to an escalation with the #US weeks before #Trump takes office. #Chinese government has strengthening its toolbox to push back US sanctions
Reuters
Automakers in #China are ramping up exports of #hybrid vehicles to #Europe and planning more models for the key market. China's hybrid exports to Europe to grow 20% this year and even faster next year. China overtook #Japan as the world's biggest auto exporter last year.
FXS:
#GOLD price ticks lower. Persistent #geopolitical#risks stemming from the worsening Russia-Ukraine conflict, trade war fears, along with #political turmoil in #France and #SouthKorea , a modest #USD down-tick further contributes to limiting losses for the commodity.
businessinsider
#BlackRock is turning even more bullish on #US#stocks for next year, who recommended this week that #investors should bet on #international stocks in 2025. The world's largest #asset manager says it's not too late to turn #bullish on US stocks heading into 2025.
Bloomberg
#Bitcoin Exceeds $100,000,as #Trump nominates pro-crypto #Atkin as next #SEC chair. The digital asset rose at $101,968 as of 6:45 a.m. in London. The #technical outlook suggests a rally toward $125K.
Bloomberg
#Lagarde warned that the #economy is likely to remain fragile in the near term, cause slowing growth in the services sector and a continued contraction in manufacturing, with uncertainty and downside #risks clouding the outlook beyond that.
#ECB#economic
Bloomberg
Powell: Rate cut this month isn't certain, but remains on the table.
#European#stocks and US equity futures made modest gains as traders braced for political developments in #France and awaited remarks from #Powell.
Forexlive
There have many reasons for #euro market crash. In #Germany, consumer confidence is undermined by the offshoring of production abroad. In #France, the issues are not so much #economic, but rather one of political instability, which could even be considered a crisis.