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Asian Markets and Dollar Show Resilience Amid Year-End Trading

share-iconTuesday, December 31 comment-icon3 weeks ago 6 views
News sources:
reutersREUTERS
Asian Markets and Dollar Show Resilience Amid Year-End Trading

Credited from: REUTERS

  • Asian stocks experienced a slight decline in cautious trading as investors prepare for the incoming Trump administration and scale back expectations of significant U.S. rate cuts in 2025.
  • Despite year-end weakness, the MSCI Asia-Pacific index is on track for an 8% annual gain, marking its second consecutive year of growth.
  • Chinese manufacturing activity expanded for a third month in December, indicating moderate economic support through new stimulus measures.
  • The U.S. dollar remained robust against other currencies, influenced by market expectations regarding Federal Reserve policy and persistent inflation concerns.
  • In commodities, while oil prices are set for a second annual decline, gold surged 26% in 2024, reflecting its position as a safe haven amid global uncertainties.

For more detail, visit the original article at Reuters.


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