🌍 Global Markets Await Key Data for the New Year's First Month
Trading volume is expected to remain low due to the Christmas and New Year holidays 🎄✨. However, investors continue to closely monitor key economic indicators, especially from the United States, to gauge the timing of future interest rate cuts. 📉💰
🇺🇸 United States: Focus on GDP & Labor
All eyes are on the Advance Estimate of Q3 GDP (Dec 23) and labor market data 📊. Recent signs of weakness in the employment sector have fueled speculation that the Federal Reserve might cut interest rates again as early as January or March 🏦.
⚠️ Note: Stock markets will be closed on December 25 and January 1. 🛑
🇪🇺 Europe (EU): "Cautiously Optimistic"
The European Central Bank (ECB) maintains a stance of "cautious optimism," suggesting that their rate-cutting cycle might pause here 🛡️. Analysts expect deposit rates to hold at 2% until 2026. Keep an eye out for the Manufacturing PMI data on January 2 🏭.
🇬🇧 United Kingdom: Economic Slowdown
Following a tight vote to cut interest rates to 3.75%, the Bank of England is facing a slowing economy 📉. Investors will closely watch the Revised Q3 GDP figures (Dec 22) to look for further signs of economic cooling ❄️.
🌏 Asia: Central Bank Activity
Attention remains on central bank movements, including China’s Loan Prime Rate (LPR) decisions, the RBA (Australia) meeting minutes, and comments from the BOJ (Japan) 🇯🇵. Additionally, trade data from South Korea and Indonesia will be key indicators for the region 🚢🌐.
