💥 MARKET UPDATE 💥
🥇 *Gold* is once again testing record highs — but just like October, the *$4,400* level faced resistance on the first attempt.
🇯🇵 *Bank of Japan* hiked rates by *25 bps to 0.75%*, the highest since 1995, as inflation holds at *3.0%*. With *USD/JPY near 156*, markets now expect rates to climb toward *1.5% by 2027*.
🇪🇺 *ECB* policymakers signal the rate-cut cycle may be ending. After *eight cuts* from 4%, officials now expect the *deposit rate to stabilize at 2%*, likely holding steady for about *two years*.
🛢 *BP* surprised markets by naming *Meg O’Neill* as its new CEO — a move that boosted investor confidence. *BP shares* are trading around *£4.20* on the LSE following the announcement.
