World Market News of the 22 December with FXOpen #dowjones #sp500 #fed #nasdaq #interestrate #boj

ASIA MARKETS MIXED AHEAD OF CHRISTMAS WEEKEND AS JAPAN INFLATION SLOWS Asia-Pacific markets were mixed Friday, with the Bank of Japan’s October meeting minutes showing board members debated on how to communicate the shift in their yield control stance. Japan’s headline inflation rate slowed to 2.8%, down from 3.3% in October, the slowest pace of inflation since July 2022. Core inflation — which strips out prices of fresh food — came in at 2.5%, in line with expectations of a Reuters poll of economists and lower than October’s figure of 2.9%. Source: CNBC DOW FUTURES DIP AS WALL STREET AIMS FOR EIGHTH-STRAIGHT WINNING WEEK Stock futures were modestly lower on Friday morning as Wall Street looks to extend its year-end rally. Futures for the Dow Jones Industrial Average slid 135 points, or about %. S&P 500 futures and Nasdaq 100 futures were down about % and % respectively. The move in futures comes on the heels of a bounce-back day on Wall Street. The Dow rose 322 points, or about 0.9%, erasing most of its losses from Wednesday. The S&P 500 and Nasdaq Composite rose 1.0% and 1.3%, respectively. Source: CNBC “THE FED HAS PROLONGED AN UNHEALTHY CO-DEPENDENCE WITH MARKETS“ The Federal Reserve and markets have an unhealthy co-dependence that threatens financial stability, according to economist Mohamed El-Erian. In a Bloomberg column published Thursday, he blasted Fed Chair Jerome Powell for his remarks at last week’s policy meeting that hinted at coming interest rate cuts. The Fed should have stepped out of the limelight as policy neared peak restrictiveness, he argued. But instead it cemented its leading role in the narrative of markets by spurring an early Santa Claus rally and raising expectations for rate cuts. Source: Business Insider #inflation #dowjonesindustrialaverage #stockfutures #stockmarket #nasdaq100 🌐 FXOpen official website: Join us on our social networks: ✅ ✅ ✅ ✅ CFDs are complex instruments and come with a high risk of losing your money.