Market update - December 30th
from The Trading Pair Hosted by Jayanjan Mukherjee
Here's a quick update for today, December 30th, 2024. The Final Manufacturing PMI for Japan came in slightly better than expected at 49.6, still indicating contraction. In Switzerland, the KOF Economic Barometer dropped to 99.5, signaling weaker economic momentum. Over in Spain, Flash CPI rose to 2.8%, surpassing expectations and adding to inflation concerns. In the U.S., the Chicago PMI fell sharply to 36.9, suggesting a slowdown in manufacturing, but Pending Home Sales surprised with a 2.2% increase, pointing to resilience in the housing market. As for the DXY, the weaker manufacturing data could drag the dollar down, but the strong home sales report might offer some support. Stay tuned for more updates tomorrow!
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