Market update - December 31th
from The Trading Pair Hosted by Jayanjan Mukherjee
Hello and welcome to the last update of the year, December 31st! China’s Manufacturing PMI held steady at 50.1, just above the expansion mark, while the Non-Manufacturing PMI surged to 52.2, showing strength in the services sector. Over in the U.S., home prices rose 4.2% year-over-year, slightly beating expectations, though monthly gains slowed to 0.4%. With bank holidays in Japan and Germany, global markets were quieter today. As for the dollar, mixed U.S. housing data and stronger Chinese activity could lead to a balanced DXY, with minimal movement heading into 2025. Thanks for listening, and Happy New Year!
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