- Index Futures Register Moderate Increases
- Early December Inflation
- Data US Chicago PMI
The last trading session of the year is likely to proceed in a calm manner. Market volumes are lower in the last week of December due to the holiday season in many countries. Today, the stock exchanges will be open for the full schedule except for the shortened session in the UK. No significant publications are planned for today's macro calendar.
Detailed Agenda for the Day:
8:00 AM GMT, Switzerland - Publication of the KOF Leading Indicator:
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Expectations: 97 points; previously 96.7 points
8:00 AM GMT, Spain - December CPI Inflation Data:
- Main CPI Inflation: Expectations 3.2% YoY; previously 3.2% YoY
- HICP Inflation: Expectations 3.4% YoY; previously 3.3% YoY
2:45 PM GMT, USA - Chicago PMI for December:
-
Expectations: 51 points; previously 55.8 points
๐Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls
Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.
โฌ๏ธEURUSD below 1.15 following hawkish Fed
BREAKING: Fedโs Hawkish Hike Triggers Market Reversal: USD Soars as Gold and US500 Retreat