Market Minutes

Read snapshots of the latest market news

China manufacturing slows as global markets start 2025 on cautious note

China’s manufacturing expansion eased in December, setting a cautious tone for global markets as investors weigh geopolitical tensions, U.S. policy shifts, and China’s economic outlook for 2025.

2 Jan 2025, 07:00
China manufacturing slows as global markets start 2025 on cautious note

Gold surges 26% in 2024

Gold posts a 26% annual gain, its strongest performance since 2010, driven by easing U.S. monetary policy, geopolitical tensions, and record central bank purchases.

31 Dec 2024, 12:30
Gold surges 26% in 2024

Major indices are set to close 2024 with strong gains

The S&P 500 and Dow are set to end the year with gains of over 23% and 14%, respectively, marking their best performances since 2021, while the Nasdaq has surged roughly 30%.

31 Dec 2024, 07:33
Major indices are set to close 2024 with strong gains

Turkey delivers 250bps rate cut

US stock futures traded flat in holiday-thinned markets as Asian shares gained. Turkey cut rates sharply, citing moderating inflation, while Russia dismissed a ceasefire in Ukraine but left room for negotiations.

26 Dec 2024, 13:22
Turkey delivers 250bps rate cut

RBA minutes stoke speculation of February rate cut

RBA minutes reveal cautious optimism on inflation but hint a February rate cut hinges on key economic data.

24 Dec 2024, 13:09
RBA minutes stoke speculation of February rate cut

Year-end Forex markets slow

Forex markets wind down amid holiday calm, with central bank minutes from the BoJ, BoC, and RBA, alongside key data releases, shaping the week’s economic narrative.

23 Dec 2024, 12:37
Year-end Forex markets slow

PCE Inflation Data & Its Market Impact

The US PCE price index rose below expectations in November, signaling easing inflationary pressures, while UK retail sales posted modest gains but fell short of forecasts. Meanwhile, Japan’s finance minister warns against currency volatility as USD/JPY nears the pivotal 160 level amid surging Treasury yields.

20 Dec 2024, 14:15
PCE Inflation Data & Its Market Impact

U.S. Tightens, China Holds: Markets await PCE data

China’s central bank kept rates steady, with the one-year LPR at 3.1% and the five-year at 3.6%, amid yuan weakness

20 Dec 2024, 07:05
U.S. Tightens, China Holds: Markets await PCE data

Hawkish vs. Dovish Policies – Fed & BoE Market Reactions

The BoE signaled dovish, the BoJ held its stance, and the Fed cut rates while signaling caution on future easing.

19 Dec 2024, 13:05
Hawkish vs. Dovish Policies – Fed & BoE Market Reactions

FOMC rate decision takes center stage today

The Federal Reserve is expected to announce a 25bps rate cut today, shifting market attention to updated economic projections, with a key focus on the pace of easing in 2025 and the neutral rate outlook.

18 Dec 2024, 13:04
FOMC rate decision takes center stage today