The early-August rout continues to be erased from every market in Europe with today being the biggest bounce-back day so far:
On the day:
- Stoxx 600 +1.2%
- German DAX +1.7%
- Francis CAC +1.2%
- UK's FTSE 100 +0.8%
- Spain's Ibex +1.2%
- Italy's FTSE MIB +1.0
The early-August rout continues to be erased from every market in Europe with today being the biggest bounce-back day so far:
On the day:
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Bank of Korea Governor Rhee said USD/KRW above 1,400 appears disconnected from fundamentals, warning that a weak won could fuel inflation. The BOK will review forward guidance, pension fund overseas investments and FX-sensitive capital flows.
Trump TACO now with pasta - backtracks on Italian pasta tariffs after industry pushback residual tariffs and review uncertainty still weigh on EU-U.S. trade relations.
Australia manufacturing PMI holds 51.6 in December. Hiring accelerates & inflation firms. The data reinforces a picture of modest domestic resilience alongside persistent cost pressures. Policymakers to stay cautious on inflation outlook in 2026.
Singapore's Q4 GDP surges 5.7% on manufacturing strength! Traders eye economic resilience and potential policy shifts.
S&P 500 eyes 2026 turning point! Wall Street eyes potential gains, but traders brace for volatility. Watch valuation!
Fed minutes reveal cash crunch risk in short-term markets. $220B Treasury buys eyed to ease liquidity.
Pure Storage (PSTG) slides 50% from peak but shows 16% 6-mo gain. Analysts see 42% upside, P/E 34x.
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