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Asia shares rally on US inflation relief – Dec 23

Posted on

23/12/2024

by

moneysmart-girl

Summary

Central banks lowered rates in 2024 after inflation battle
Voters punished incumbents amid cost of living crisis
Uncertainty looms with potential Trump tariffs and global conflicts
Nikkei gains 0.7%, S&P futures firm 0.3%
Futures imply 53% chance of March Fed rate cut
Dollar remains strong on high bond yield

Index	Last	Change	% Change
trading higher Dow Jones Industrial Average .DJI	42,840.26	+498.02	1.18%Positive
trading higher Nasdaq Composite Index .IXIC	19,572.60	+199.83	1.03%Positive
trading higher S&P 500 Index .SPX	5,930.85	+63.77	1.09%Positive

Index	Last	Change	% Change
trading higher Nikkei Index .N225	39,043.59	+341.69	0.88%Positive
trading higher Hang Seng Index .HSI	19,840.08	+119.38	0.61%Positive
trading lower S&P BSE SENSEX Index .BSESN	78,041.59	-1176.46	1.49%

Source: LSEG, opens new tab – data delayed by at least 15 minutes

Equities

MSCI’s broadest of APAC ex-Japan (.MIAPJ0000PUS) rose 0.3%.

Forex

DXY near 2-year highs at 107.970 having climbed 1.9% MTD.

EUR at $1.0432 having again tested support around $1.0331/43 last week.

GBP held at $1.25715.

AUD & NZD steadier after 2-year lows last week, AUD last $0.6247, NZD 0.2% lower at $0.5645.

BTC slided slightly lower at $94,215.

Commodities

Strong dollar with high bond yields weigh on gold, which stood at $2,624 after slipping 1% last week.

Brent up 4 cents at $73.00, U.S. crude gained 12 cents to $69.58.

For more news visit Reuters.com

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