Emerging Markets

On Tuesday, December 19th, U.S. stock markets ended higher buoyed by the Federal Reserve's recent dovish policy shift and anticipation of key inflation data. In economic data, November single-family housing starts surged to 1.143 million units, an 18.0% increase from October's revised figure of 969,000 units, marking the highest level since April 2022. 

On Monday, December 18th, U.S. stock markets ended in green, positively driven by expectations of Federal Reserve rate cuts and key economic data due this week. In economic data, the U.S. NAHBWells Fargo Housing Market Index increased to 37 in December, up from 34 the previous month, surpassing market predictions of 36.

On Friday, December 15th, U.S. stock markets ended mixed following a week marked by significant central bank policy announcements and important economic data. In economic data, December's NY Empire State Manufacturing Index hit a four-month low at -14.5, while U.S. industrial production rose 0.2% in November after October's revised 0.9% decrease.

On Thursday, December 14th, U.S. stock markets ended positively as Treasury yields reached their lowest in months, driven by a shift in investor focus away from growth stocks due to the Fed's dovish position.

On Wednesday, December 13th, U.S. stock markets closed higher, with major three indices soaring more than 1%, as the Federal Reserve hinted at ending rate hikes and lower borrowing costs in 2024.

On Tuesday, December 12th, U.S. stock markets closed on a high post-inflation data, ahead of the Fed's policy decision. In economic data, November's consumer price index increased by 0.1%, while the annual increase stood at 3.1%, slightly down from October's 3.2% rate.

On Monday, December 11th, U.S. stock markets closed on a high in anticipation of pivotal inflation data and the upcoming Federal Reserve meeting.  The S&P 500 saw broad gains, led by consumer staples and industrials, although communication services stocks fell, bucking the general uptrend.