Stocks rise to the highs of the day
The S&P 500 is up 35 points on rate cut talk. A decent target is the 38.2% retracement level at 3059.
US stocks make a move to the upside
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Gold is back above US$5,000 as China continues to scoop it up
- PBOC is expected to set the USD/CNY reference rate at 6.9334 – Reuters estimate
- Japan's Nikkei above 56K, first time ever. Intervention warning issued on yen.
- Japan real wages fall again in December, clouding BoJ policy outlook
- Warsh’s Fed–Treasury accord idea sparks debate over independence and markets
- US Globex is open for the new week. US equities up while oil has opened lower
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