- Almost every stock market is on holiday on Monday due to Christmas
- Wall Street usually operates on December 26, but the day off was postponed as Christmas Day fell on Sunday
- Trading on Wall Street will not take place
- China is operating normally but liquidity is extremely thin. The Hong Kong stock market remains closed (CHNComp and HKComp are based on futures from the Hong Hong market)
- Hong Kong, New Zealand and Australia will also remain closed on December 27
- Forex trading is also suspended. Trades are executed only in Asia but liquidity remains extremely low
- During the Asian session, BoJ’s Kuroda indicated that monetary policy will remain accommodative. Kuroda also said that the Bank needs to continue easing to support the economy. Extending the volatility range for yields does not mean an exit from the accommodative policy.
- Kuroda pointed out that decision last week was taken only to increase liquidity in the trading of 10-year bonds (due to previous bands for 10 yield, there were situations where 8 and 9-year yields were traded higher than 10-year ones)
- Kuroda sees a possible increase in wages which is crucial for stable inflation in target, but it is still too early to exit ultra-loose monetary policy
- The ECB's Knot told Financial Times that the central bank is most likely already in the second half of the interest rate hiking cycle. This would mean that the ECB's deposit rate could reach 3.5-4.0%.
- The cryptocurrency market is operating normally today. Currently, among the available cryptocurrencies on the xStation platform, Moonbeam is gaining the most (4.2%). On the other hand, Metal is the biggest loser (-1.63%). Bitcoin gains 0.25%, while Ethereum is up 0.15%.
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