US EXISTING HOME SALES BEAT EXPECTATIONS IN NOVEMBER November existing home sales in the U.S. showed better-than-expected results, according to the National Association of Realtors. The data indicated a stronger housing market than anticipated for November. The figures were released on Thursday, providing an optimistic outlook for the housing
BANK OF ENGLAND HOLDS INTEREST RATES AT 4.75% AFTER INFLATION UPTICK The Bank of England kept interest rates at 4.75% during its final meeting of the year. This decision came after U.K. inflation rose to an eight-month high. Market Economists widely anticipated the rate hold due to
KOMATSU CONCERNED ABOUT TRUMP'S TARIFFS AND TRADE POLICIES Komatsu fears retaliatory tariffs from Canada on U.S.-made mining machines, impacting its exports, especially since Canada is its largest market for these products. Potential tariffs on imports from Canada, China, and Mexico could lead to retaliatory barriers, threatening
Gold prices fell by 1%, reaching a near two-week low. The U.S. Federal Reserve reduced interest rates as expected. The Fed signaled it would slow down further rate cuts in 2025. This decision strengthened the U.S. dollar and Treasury yields, impacting gold prices
UK RATE FUTURES SIGNAL AROUND 55 BASIS POINTS OF BOE RATE CUTS BY END OF 2025 UK rate futures suggest approximately 55 basis points (bps) of rate cuts by the end of 2025. Before the Bank of England's (BoE) recent policy announcement, the expectation was for around 45
The Dow Jones dropped 960 points (2.2%) on Wednesday, heading for its longest losing streak since 1974. This would be the 10th straight day of losses for the Dow. The S&P 500 fell 2%, and the Nasdaq Composite dropped nearly 4%. The decline came after a disappointing
Oil prices rose on Wednesday. U.S. crude stocks decreased, which supported the price increase. The Federal Reserve reduced interest rates as expected. However, the Fed indicated it will slow future rate cuts, limiting oil price gains.
GOLD 2025 OUTLOOK: WHAT'S NEXT? Gold has risen by 28% in 2024, outperforming the S&P 500, and hit a record high in October. Gold's price has been wavering since October and didn't rise with other assets after Donald Trump's election.
Thursday's Breaking News (Moscow Time) BoE Interest Rate Decision (GBP) Time: 15:00 Previous Rate: 4.75% Forecast: No change (4.75%) US GDP Growth (QoQ, Q3) Time: 16:30 Previous Growth: 3.0% Forecast: Slower growth (2.8%) US Initial Jobless Claims Time: 16:30 Previous: 242K
Rate Cut and Pause The Fed cut interest rates by 0.25% (25 basis points), completing a total of 1% reduction this year. This is likely the last adjustment for now, as the Fed plans to pause further changes. One member, Beth Hammack, disagreed, wanting to keep rates unchanged. Future
US ECONOMIC DATA RELEASED Business inventories in the U.S. grew by 0.1% in October, matching the forecast and previous month's reading. The U.S. Housing Market Index for December came in at 46, slightly below the forecast of 47, but unchanged from the previous month.
ETF REVIEW: DECEMBER FLOWS SO FAR FAIL TO KEEP PACE WITH NOVEMBER ETF flows in December have been slower compared to November. So far, $90 billion has flowed into ETFs this month, well below November's $220 billion. November's Record Flow: November saw the highest ETF inflows