Financial Market Preview - Monday 9-Dec
Description
US futures are mixed as markets await further catalysts. European equity markets are higher, following a mixed session in Asia where China markets led gains but South Korea lagged due to political turmoil. Bitcoin has fallen below $100K after recent volatility. Markets are digesting mixed signals as geopolitical and monetary developments dominate. In the US, November nonfarm payrolls exceeded expectations, while unemployment ticked up, supporting a December rate cut probability of 83%, with an additional 75 basis points of easing priced in for the next year. Meanwhile, global leaders praised the overthrow of Assad’s regime in Syria, which occurred with minimal bloodshed.
Companies Mentioned: Walmart, Interpublic Group, Omnicom Group, Apple, Sony
United States
