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πΉEuropean markets anticipate a restrained opening amid a packed week, spotlighting US inflation, the Fed's policy call, ECB, and BoE rate decisions. Riksbank's Aino Bunge addresses, with UK and Swedish housing figures expected.
πΉFOMC Meeting:
The year-end Fed session nears, likely holding rates. Early 2024 cuts are speculated but hinge on clearer signs of economic decline. Watch $EURUSD, $GOLD, $SPX500, $NSDQ100, $DJ30 .
πΉCentral Banks' Meetings:
No shifts expected. Weak data may hint at ECB caution, influencing EUR, DAX. SNB rate cuts are speculated but unconfirmed. Watch $EURUSD, $GBPUSD, $USDCHF, $EURCHF, $EURGBP, $GBPCHF, FTSE 100, DAX.
πΉPayroll Surprise:
November saw 199,000 US payrolls, beating estimates. Unemployment hit 3.7%, below the forecasted 3.9%. Hourly earnings rose 0.4%, a crucial inflation marker.
πΉ $SPX500: Hit 2023 high, up 6 weeks fueled by strong data. Positive signals from jobs and consumer survey signal a resilient economy, hopeful for a soft landing.
πΉ $PARA (Paramount Global): Stocks surged 12% on potential takeover news by RedBird and Skydance. Shari Redstone seeks deals amid revenue decline and streaming issues. Market cap at $10.4 billion.
πΉUSD: Strong Jobs Report boosted the dollar. Fed, BoE, ECB updates impacted rate expectations, bond yields, and the dollar's direction.
πΉ $HOOD (Robinhood Markets Inc.): Led gains Friday, soared 25.9% amid bitcoin rally, market cap above $2 billion.
πΉ $CHWY (Chewy)'s Spotlight: Post-weak holiday guidance, Q3 market share gains under pressure. Focus on growth, margins, distribution, pharmacy, vet services. Shares down over 50%, 16.6% short interest.
πΉ $ORCL (Oracle Corporation) Earnings: Q2 results expected Dec 11. Anticipate $1.32 EPS, $13.05B revenue, a 6.3% increase. Watch cloud performance, Oracle Cloud Infrastructure, and robust Q3 guidance
πΉIn a further show of volatility, and amidst a crypto sell-off, $BTC plunged to $40,521, down 7.5%, then recovered slightly to $42,095 Monday.
β οΈPlease note, this is not investment adviceβ οΈ
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