- Global markets cautious ahead of central bank decisions, with Fed's Wednesday meeting in focus. Markets price 94% probability of 25bps cut but expect slower easing in 2025. US futures edge lower despite overnight tech-driven gains.
- Asian stocks mixed as China data disappoints. Nikkei rises 0.3%, Hang Seng drops 0.5%. Chinese industrial output meets expectations but retail sales slow sharply. Property sector remains under pressure despite stabilizing home prices.
- China plans record 4% GDP deficit for 2025, up from 3% target, to support growth amid economic headwinds. Leadership maintains 5% growth target despite property crisis and external risks including potential Trump tariffs.
- Bitcoin hits new record of $107,767 on Trump's Strategic Reserve proposal, though implementation faces hurdles. MicroStrategy's Nasdaq 100 inclusion boosts sentiment. ETH approaches all-time high at $4,011.
- Political turmoil roils multiple regions. South Korean President Yoon impeached over martial law decree, German parliament withdraws confidence in Scholz government, Canadian Finance Minister Freeland resigns amid US trade tensions.
- BOJ expected to hold rates steady this week according to 91% of surveyed institutions, though majority see hikes within three months. Asian central banks split on policy with Indonesia, Thailand holding while Philippines likely to cut.
- Dollar firm near 2.5-week highs as markets await Fed guidance. Euro trades at $1.05002, yen steady at 154.06. Sterling bounces on wage pressure concerns ahead of UK labor data.
- Oil retreats with WTI at $70.60 and Brent at $74.08 as China demand concerns offset OPEC+ cuts. IEA warns of 950,000 bpd surplus in 2025 despite production constraints.
- Alibaba to sell Intime stake for $1 billion, recording $1.3 billion loss as part of strategic restructuring. Shares drop 1.5% in Hong Kong trading.
- Major data releases today include UK wage data, German Ifo expectations and ZEW economic sentiment for December.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
