December 16, 2024
United States:
US Stock Optimism Builds Ahead of Rate Decisions: Markets Wrap
US equity futures shrugged off downbeat performances in other key markets as traders prepared for a slate of interest-rate decisions by major central banks due later this week. Bitcoin hit a fresh record.
Nasdaq 100 contracts rose 0.4%, pointing toward further gains after the index closed at an all-time high on Friday.
Europe:
Euro Zone’s Private-Sector Contraction Eases on Services
The euro-area’s private sector shrank less than anticipated in December thanks to a bigger-than-expected contribution from the services sector.
S&P Global’s Composite Purchasing Managers’ Index increased to 49.5 from 48.3 the previous month, remaining just below the 50 level that separates growth from contraction.
Asia:
BOJ Set to Weigh Rate Hike While Seeing Little Urgency to Act
The Bank of Japan is set to discuss its rate hike path at this week’s policy meeting, with officials holding the view that there is limited urgency to act even though the next increase in borrowing costs is coming closer.
BOJ officials see little cost to waiting before raising interest rates, people familiar with the matter told Bloomberg earlier this month.
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