China Stock Market

PBOC is expected to set the USD/CNY reference rate at 7.0378 – Reuters estimate

Goldman Sachs expects the BoE to cut rates by 25bp in March, June and September after December’s move, citing a weakening labour market and well-contained inflation that could allow more easing than markets expect.

UK consumer confidence rose to -17 in December from -19, matching this year’s highs, a GfK survey showed. While easing inflation and limited budget tax rises offered support, households remain cautious and spending subdued.

US auto sales hit 16.3M in 2025, up 2% from 2024. EV sales lag, but overall market sees best year since 2019.

November CPI hits 2.7%, but economists warn of distortions. Traders eye potential Fed pivot amid sticky inflation fears.

Bitcoin dips below $85K, triggering $550M liquidations. Altcoins dump 5%+, traders eye $80K support. Risk-off sentiment prevails.

Japan core CPI holds at 3.0% in November, market focus remains on BoJ guidance rather than the data itself, though persistent price pressures continue to underpin the case for gradual tightening.