23 Dec 2024 Global Futures Index

 Crude, Gold, Dow, S&P 500 and Nasdaq

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E-Mini Dow

US benchmark equity indexes closed higher Friday as investors weighed the latest economic data, including a report showing that the Federal Reserve's preferred inflation gauge unexpectedly held steady last month.

The Fed reduced interest rates by 25 basis points and flagged fewer cuts ahead than projected in September.

The US 10-year yield fell four basis points to 4.53%, while the two-year rate was little changed at 4.32%.

US consumer sentiment grew in December to its highest level since April, while year-ahead inflation expectations logged its first month-over-month increase in seven months, final results from the University of Michigan's Surveys of Consumers showed Friday.

(News Source: MTNews)

Plan A: Sell below 43, 420, target  around 43, 160/ 43, 087

Plan B: Long above 43, 420, Target around 43, 625/43, 748

E-Mini S&P500

US stock market and Wall Street main index S&P 500 is set for back-to-back years of gains over 20 per cent, as per Reuters report.

Investors are expecting more gains for the US stock market in 2025 after two straight standout years, fueled by a solid economy supporting corporate profits, moderating interest rates and pro-growth policies from incoming president Donald Trump, Reuters reported.

Investors are more confident about the economy than this time a year ago, with consumers and businesses having absorbed higher interest rates and the Federal Reserve now lowering them - albeit by not as much as hoped. Corporate profits are also expected to be strong, with S&P 500 earnings projected to rise 14 per cent in 2025, according to LSEG IBES.

The benchmark S&P 500 is up over 23 per cent year-to-date, even with a recent speed bump, and is on pace for its second straight year of gains exceeding 20 per cent, lifted by megacap tech stocks and excitement over the business potential of artificial intelligence, Reuters report.

On the other side of the ledger, inflation remains stubborn, and Wall Street is wary of a rebound that could lead the Fed to change course on its easing cycle. Indeed, stocks pulled back sharply on Wednesday after the central bank projected fewer rate cuts next year as it braced for firmer inflation.

(News Source: MSN)

Plan A: Short if prices go below 5988, target around 5957/5926

Plan B: Long if prices are well supported above 5936, target around 5988/6005

E-Mini Nasdaq

Wall Street surged on Friday and the dollar softened as cooler-than-expected inflation data helped investors look past the possibility of a government shutdown and fresh tariff threats from U.S. President-elect Donald Trump.

All three major U.S. stock indexes jumped more than 1%, gold surged and benchmark U.S. Treasury yields eased from multi-month highs.

The Nasdaq Composite rose 199.83 points, or 1.03%, to 19,572.60.

A report from the Commerce Department showed the PCE price index, the Federal Reserve's preferred inflation yardstick, came in cooler than analysts expected, supporting the narrative that price growth remains on a path toward achieving the U.S. central bank's 2% target.

Equity markets came under pressure throughout a busy week for central banks, led by the U.S. Federal Reserve, which signaled it would slow the pace of interest rates in the coming year.

(News Source: Reuters)

Plan A: Short if prices failed to support above 21,575. Targets are 21,312/20,828. Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Consider long if market supported above 21,575. Targets are 21,707/21,921. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

Oil prices rose on Monday as lower-than-expected U.S. inflation data revived hopes for further policy easing, although the outlook for a supply surplus next year weighed on the market.

(News Source: Reuters)

Plan A: Short if prices rebounded but resisted around 69.20. Targets are 68.52/67.21.

Plan B: Consider long if market breakout above 70.00. Targets are 70.80/71.72.

Gold

Gold traded around $2,620 per ounce on Monday, maintaining gains from the previous session as the US dollar softened following a benign PCE inflation report, which rekindled hopes for further monetary easing by the Federal Reserve next year.

(News Source: Trading Economics)

Plan A: Consider long if market break above 2620, Targets at 2632/2641.

Plan B: Short if market prices rebounded but failed to support above 2635. Targets are 2626/2615.

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of the investment.