Traders Market Weekly: Brand New Year, what is Ahead?

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  • #69383
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended Tuesday on a mostly higher note while markets in Hong Kong, Australia, and New Zealand remained closed for Christmas.

    Japan’s Nikkei: +0.2%,
    Hong Kong’s Hang Seng: HOLIDAY,
    China’s Shanghai Composite: -0.7%,
    India’s Sensex: +0.3%,
    South Korea’s Kospi: +0.1%,
    Australia’s ASX All Ordinaries: HOLIDAY.

    #69384
    Truman
    Participant

    Japan’s
    November Leading Index -0.4% m/m (expected -0.6%; last -0.3%)
    Coincident Indicator 0.2% m/m, as expected (last 0.1%).
    November jobs/applications ratio 1.28 (expected 1.30; last 1.30)
    November Unemployment Rate 2.5%, as expected (last 2.5%).
    October Corporate Services Price Index 2.3% yr/yr (expected 2.4%; last 2.3%).
    November BoJ Core CPI 2.7% yr/yr (expected 3.0%; last 3.0%)

    Former Bank of Japan policymaker Masai criticized Governor Ueda for confusing markets with his statements, saying that imminent changes to the central bank’s policy stance are unlikely.
    Japan sold 2-yr debt to weak demand.

    #69385
    Truman
    Participant

    Singapore’s
    November CPI -0.2% m/m (last 0.2%); 3.6% yr/yr (expected 3.8%; last 4.7%).
    November Core CPI 3.2% yr/yr, as expected (last 3.3%).
    November Industrial Production -7.8% m/m (expected -7.1%; last 9.9%); 1.0% yr/yr (expected 3.1%; last 7.6%)

    #69386
    Truman
    Participant

    China
    China Securities Journal speculated that the Chinese government will take steps to support equity inflows next year.

    #69387
    Truman
    Participant

    South Korea
    Samsung will delay the start of mass production at its fabrication facility in Texas until 2025.

    #69388
    Truman
    Participant

    Major European markets remain closed for Christmas/Boxing Day, set to reopen tomorrow.

    #69389
    Truman
    Participant

    Spain’s
    November PPI -7.4% yr/yr (last -7.7%)
    The Spanish government is reportedly planning a six-month extension to its inflation assistance measures for low-income earners.

    #69390
    Truman
    Participant

    Intel (INTC 49.15, +1.15, +2.4%):
    Israel grants INTC $3.2 bln for new $25 bln chip plant, according to Reuters

    #69391
    Truman
    Participant

    AstraZeneca (AZN 66.37, +0.08, +0.1%): Gracell Biotechnologies to be acquired by AstraZeneca, furthering cell therapy ambition across oncology and autoimmune diseases for $10.00/ADS

    RayzeBio (RYZB 60.25, +29.68, +97.1%): to be acquired by Bristol-Myers (BMY) for $62.50/share

    HollySys (HOLI 27.05, +1.53, +6.0%): Buyer consortium led by Dazheng Group announces enhanced all-cash proposal of $29.00/share to acquire HOLI

    #69392
    Truman
    Participant

    Apple (AAPL 193.85, +0.25, +0.1%):
    President Biden decided against veto of AAPL Watch Series 9 and Ultra 2 import ban; meaning ban has taken effect, according to Reuters

    #69393
    Truman
    Participant

    Manchester United (MANU 20.71, +0.87, +4.4%): reaches agreement for Sir Jim Ratcliffe, Chairman of INEOS, to acquire up to a 25% shareholding in the company

    https://x.com/TradersCom/status/1739656091477188618?s=20

    • This reply was modified 3 months, 3 weeks ago by Truman.
    #69395
    Truman
    Participant

    S&P 500 futures are up seven points and are trading 0.1% above fair value,
    Nasdaq 100 futures are up 43 points and are trading 0.2% above fair value,
    Dow Jones Industrial Average futures are up 22 points and are trading 0.1% above fair value.

    The 2-yr note yield is up two basis points to 4.35% and the 10-yr note yield is unchanged from Friday at 3.90%.

    Geopolitical worries are still in play after reports that Israel is intensifying its campaign in Gaza, according to The New York Times.

    WTI crude oil futures are building on recent gains, trading up 2.6% to $75.49/bbl.

    • This reply was modified 3 months, 3 weeks ago by Truman.
    #69397
    Truman
    Participant

    FHFA Housing Price Index increased 0.3% in October following a revised 0.7% (from 0.6%) in September.
    S&P Case-Shiller Home Price Index increased 4.9% in October (consensus 5.0%) following a 3.9% increase in September.

    #69398
    Truman
    Participant

    US Philly Fed Dec non-manufacturing index +6.3 vs -11.0 prior
    Firm-level business activity +8.5 vs +10.3 prior
    New orders -3.3 vs -8.6 prior
    Full-time employment +7.6 vs +14.7 prior
    Wage and benefit cost index +35.2 vs +32.8 prior

    #69407

    The GREAT SANTA RALLY soars to new heights …
    NASDAQ=15,000+ & DOW=37,500+ & R2K=2,050
    QUICK KASH it in & hide under the matress – lol
    REDWOODS & SEQUIAS only grow so high 😉

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