SPX +0.79%, Nasdaq +1.51% on chip stock surge & benign CPI. MU +10% on strong forecast. Fed rate cut odds rise.
Freight rates jump to $2/mile, rejection rates hit 10.72% as capacity tightens. Traders eye bull market potential.
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.
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