Global markets fluctuate as Fed's hawkish stance impacts US stocks, amid economic forecasts and geopolitical threats.

Global markets saw mixed developments this week, with the US Federal Reserve's hawkish stance causing a reversal against the strong US stock market, partially offset by lower PCE data. Key highlights include Qatar's threat to halt gas supplies to Europe, HSBC's forecast of Fed rate cuts, and China hinting at more property market support. Regional equities in Asia saw minor gains, and gold and crude oil are expected to remain volatile due to thin holiday liquidity. The US Dollar Index showed a bullish trend, while the euro and Australian dollar faced challenges.

December 22, 2024
8 Articles