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Market

Closing: The Dow experienced a slight rebound after ten consecutive declines, while the Nasdaq and S&P Index saw three straight declines.

December 19th, the top 20 trading volumes in the USA: Micron's performance significantly missed expectations, resulting in a stock price drop of 16%.

On Thursday, China Concept Stocks had mixed results, with Li Auto rising 2.6% and Baidu falling 3.1%.

USA WTI Crude Oil fell on Thursday due to a bleak economic outlook intensifying concerns over supply excess.

International Precious Metals futures generally closed lower, with COMEX Gold Futures falling 1.63%.

Major stock indices in Europe collectively closed lower, with the German DAX30 Index falling by 1.39%.

Macroeconomics

In the USA, mortgage rates rose to 6.72%, increasing for the first time in four weeks.

In November, USA's second-hand home sales increased as buyers gradually accepted the high cost of purchasing a home.

Driven by falling mortgage rates, home sales in the USA in November exceeded expectations.

In November, the annualized sales of second-hand houses in the USA increased by 4.8% to 4.15 million units.

The leading economic index in the USA grew by 0.3% in November, above the estimated level.

The Philadelphia Fed Manufacturing Index hit a 20-month low, indicating a contraction in local manufacturing.

Trump supports the latest government spending plan from House Republicans.

House Republicans have reached an agreement on a stopgap spending bill.

Media reporters: If the debt ceiling is not raised or removed, Trump hopes the federal government will shut down.

Government shutdown is no longer the biggest problem; Trump and Musk have posed issues that are even more troubling for lawmakers.

House Minority Leader: Democrats will not support raising the debt ceiling.

Reports: Trump will support the USA in eliminating the debt ceiling.

The UK Prime Minister opposes trade protectionism and has sent a signal to Trump.

The UK is reportedly set to appoint trade veteran Mandelson as ambassador to the USA, aiming to ease trade friction pressure.

Overseas holdings of US Treasury bonds ended a continuous five-month rise in October.

A surge in immigration has driven the fastest population growth in the USA since 2001.

The Supreme Court of Illinois, USA: Judges and lawyers can use AI with certain restrictions.

Several ministers in Canada have resigned in succession, and Prime Minister Trudeau is reportedly making a major cabinet reshuffle on Friday.

US stock market: Strong economic data is unable to reverse the situation, and the Index continues to be dragged down by the Federal Reserve's shift to a hawkish stance.

Crude Oil: The strengthening dollar has dragged down oil prices.

USA bond market: government bonds fluctuate, yield curve steepens significantly.

European stock markets fell due to the Federal Reserve's shift to a hawkish stance regarding interest rate prospects.

Company

Intel is reportedly screening a list of potential bidders for the ALTERA chip Business.

Nike's revenue for the second quarter was 12.35 billion USD, a decrease of 7.7% year-on-year.

Prosecution escalates in the murder case of the insurance giant CEO, with the suspect facing two additional charges from the USA government.

The CEO of an insurance giant suspected in a murder case has agreed to be extradited to New York to face murder charges.

United States Steel Corporation predicts an unexpected loss in the fourth quarter, with stock price declining after hours.

Iveco signs a 0.782 billion USD contract with the Italian army.

FedEx will spin off its $30 billion freight division to focus on its core Business.

Merck's HIV drug has reached the primary goals of two late-stage studies.

Comments

After the Federal Reserve decision day, the expiration of $6.5 trillion in Options becomes Wall Street's next challenge.

Nomura: The sharp decline of the yen may trigger verbal intervention in the foreign exchange market by Japanese authorities.

Traders' bullish sentiment towards the yen has reached a one-month low, following the Bank of Japan's inaction.

The Governor of the Bank of England, Bailey, stated that the market pricing of February's interest rate is a 'reasonable starting point.'

US stocks rebound strongly as traders are busy analyzing GDP and other data while weighing the Federal Reserve's hawkish stance.

The Federal Reserve's hawkish rate hike has triggered panic in the Gold market, but Analysts believe that Gold will be supported in 2025.

Oxford Research Institute: High-income households drive consumer growth in the USA.

Fitch Ratings: Canada's deteriorating federal finances face additional risks.

European Bond Market: The UK bond yield curve is steepening as traders increase bets on a Bank of England rate cut.

The US bond yield curve has reached its steepest since 2022 as the market digests the possibility of rate hikes next year.

Overview: The sharp decline of the yen may trigger verbal intervention from Japanese authorities, while the euro against the dollar is expected to fall below parity.