OCBC Bank's Hong Kong economist Wang Haoting stated that looking ahead to this week, the market will focus on a series of PMI data from the Eurozone, USA, United Kingdom, and Australia.
According to Zhitong Finance APP, OCBC Bank's Hong Kong economist Wang Haoting indicated that this week the market will pay attention to a series of PMI data from the Eurozone, USA, United Kingdom, and Australia; the November CPI in the United Kingdom, the November core PCE price index in the USA, and the German IFO survey figures. Additionally, investors will focus on the last FOMC meeting of the year. As things currently stand, the market has fully priced in a 25 basis point rate cut by the Federal Reserve, and the focus is expected to remain on the tone of the FOMC statement, changes in the dot plot, and Chairman Powell's press conference remarks.
Wang Haoting stated that the market is waiting for the interest rate decisions from the Federal Reserve, the Bank of England, and the Bank of Japan. The S&P 500 Index fell slightly by 0.16% last Friday, and the yield on the 10-year US Treasury bond rose by 7 basis points to 4.397% due to inflation concerns, marking the largest weekly increase since October 2023.
