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Asia shares rally on US inflation relief – Dec 23

Posted on
December 23, 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

 42,840.26 +498.02 1.18%Positive

trading higher

 19,572.60 +199.83 1.03%Positive

trading higher

 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

 19,840.08 +119.38 0.61%Positive

trading lower

 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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