Christmas break
US Stocks React to Inflation Data, Gold Rides High, and Swiss Franc Hits Decade Record | Daily Market Analysis
Key events: Canada, UK, Australia, New Zealand - Boxing Day US stocks experienced a mixed close on Friday as investors approached the Christmas holiday weekend. The market showed fluctuations after absorbing inflation data that was milder than anticipated, solidifying expectations for Federal Reserve interest rate cuts in the upcoming year.
Is the Any Correlation Between Treasuries and Stocks? | Daily Market Analysis
Key events: UK – Christmas Australia – Christmas New Zealand – Christmas Canada – Boxing Day An important market phenomenon affecting both short- and long-term investors in 2022 was the unfortunate consistency in the dynamics between the S&P 500 and U.S. Treasuries. In the past, having bonds in an investor's portfolio, mainly zero-default-risk Treasury notes and "long bonds," usually helped them guard against volatility in stocks.
Pre-Christmas U.S. Data May Contribute to Falling U.S. Dollar | Daily Market Analysis
Key events: USA – Core Durable Goods Orders (MoM) (Nov) USA – Core PCE Price Index (MoM) (Nov) Canada – GDP (MoM) (Oct) USA – New Home Sales (Nov)
Markets are Digesting the Latest Stats for the Year | Daily Market Analysis
Key events: USA – GDP (QoQ) (Q3) USA – Initial Jobless Claims Markets are unlikely to be affected by the release of any data over the Christmas period, but a bumpy exit from quarantine in China and developments in the energy market could cause global risk sentiment to deteriorate. Analysts remain bullish on the dollar in early 2023. The Czech National Bank will close the region's central bank meetings this year.