The Nasdaq index reached a new high, French stocks rose, the south korea etf narrowed after a 7% drop, and the offshore yuan briefly fell below 7.31 yuan.
South Korean President Yoon Suk-yeol abruptly declared a state of emergency, boosting safe-haven assets such as U.S. Treasury bonds, Japanese yen, and gold, while cryptos on the South Korean exchange plunged. The South Korean parliament quickly passed a resolution to lift the state of emergency, with the Ministry of Finance and the central bank actively working on market rescue measures. After a 2.7% drop to a two-year low, the won’s decline was cut in half, South Korean etfs fell by 1.6%, and the yield on 10-year U.S. Treasury bonds turned to increase after hitting a new low in over a month. France is set to vote on dissolving the government as early as Wednesday, with French stocks following European markets upward, although they had previously declined during the day. The Dow Jones, small cap stocks, and semiconductor indices fell, while the China concept index once rose by 1.9%. The yuan hit a new low in a year during the day, and U.S. oil rose nearly 3% testing the $70 mark.
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Will a Santa Claus Rally Boost Wall Street This December? Here's What BofA Predicts
A once-in-a-century event! The U.S. stock market is expected to rise over 20% for two consecutive years, and Wall Street is betting on new highs by the end of the year.
① On Monday this week, the s&p 500 index set a new record, and Wall Street investment banks predict that U.S. stocks will continue to rise by the end of the year; ② If the s&p 500 index continues to rise this month, it will have increased more than 20% for two consecutive years, a scenario that has only occurred three times in the past century.
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How will the US stock market perform in December? History can tell you five things.
Aristotle once said, "To appreciate the beauty of snowflakes, one must endure the cold of winter." So, as the US stock market is about to enter the end of the year, in what manner will investors be able to appreciate a magnificent snowy landscape?
