Market Overview

The geopolitical situation in the Middle East is heating up again. Asia's growth outlook outperformed the Eurozone

2024.01.02
Hawkish comments from former US Treasury Secretary L. Summers on Friday lent support to the dollar when he said "..there's not going to be as much room for the Fed to ease as people are hoping."
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Week's main events Week's main events (January 01 – January 05)

2024.01.02
Volatility will gradually increase closer to Friday's Nonfarm Payrolls data
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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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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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