Stock Market Gains: The S&P 500 rose by 1.1%, reaching 6,040.04. Dow Jones Growth: The Dow increased by 390.08 points (0.91%), ending at 43,297.03. Tech Stocks Boost Nasdaq: The Nasdaq Composite jumped 1.35%, closing at 20,031.13. Holiday Cheer:
Gold prices remained stable due to low trading activity during the holidays. Investors are focused on the U.S. Federal Reserve's plans for interest rates in 2025. President-elect Donald Trump’s tariff policies are also expected to influence gold prices next year.
Bitcoin's price increased significantly on Tuesday. It rose above $97,000 after dropping below $95,000 earlier in the day. Investors are buying more Bitcoin after the recent price drop. Bitcoin is now trading at approximately $97,500, up 3.3% in the past 24 hours.
The Richmond Manufacturing Index for December was released on Tuesday. The index shows manufacturing activity shrank for the seventh month in a row. December's index was -10 points, matching market expectations. This was an improvement from November's -14 points.
US companies are defaulting on risky loans at the fastest pace in 4 years. Defaults in leveraged loans, mostly in the US, hit 7.2% in the year to October 2024. This is the highest default rate since late 2020. High interest rates are making it harder for companies with
JAPAN ECONOMIC AND INVESTMENT UPDATES - DECEMBER 26, 2024 Japan plans to release floating rate bonds in the fiscal year 2026, according to Yomiuri. Foreign investment in Japanese bonds was -919.2 billion yen, down from a previous 706.1 billion yen. Foreign investment in Japanese bonds dropped to -1,
CHINA CENTRAL BANK MARKET MOVES - DECEMBER 26, 2024 The People's Bank of China will carry out a 3-month central bank bill swap. The total value of the swap is 3.5 billion yuan. The operation is scheduled for December 26, 2024. The People's Bank of
Holidays: Boxing Day Celebrated in Germany, United Kingdom, Australia, and Canada. Economic News (USA) Jobless Claims Report: Previous Figure: 220K. Forecast: 223K. Impact: ⭐ (Moderate). Source Explore more on SM News.
MUFG BANK REVEALS ITS EXPECTATIONS FOR THE PERFORMANCE OF THE EURO DOLLAR IN THE FIRST QUARTER OF 2025 MUFG Bank released a research note on its expectations for the Euro-Dollar performance in Q1 2025. The bank predicts that the Euro will continue to decline against the US Dollar. MUFG expects
XAU/USD HOVERS AROUND $2,610 IN QUIET PRE-HOLIDAY TRADING XAU/USD is currently priced at $2,612.01. Disappointing US data has further weakened market sentiment. Financial markets are moving slowly ahead of the Christmas holidays, with many markets closing soon. Spot Gold remains soft on Monday, holding above
OIL PRICES EASE ON SURPLUS CONCERNS, DOLLAR STRENGTH Oil prices fell on Monday due to worries about extra supply next year and a stronger U.S. dollar. Brent crude dropped by 91 cents (1.25%) to $72.03 per barrel. U.S. West Texas Intermediate (WTI) crude fell by 80
GOLD EASES AS U.S. DOLLAR, YIELDS RISE IN THIN HOLIDAY TRADING Gold prices dropped slightly on Monday due to light trading during the holiday season. A strong U.S. dollar and rising Treasury yields pushed prices down. Investors are waiting for more information about the Federal Reserve's