On Friday, the latest U.S. core personal consumption expenditures (PCE) index for November, also known as the core PCE** index, increased by 3 percent year-on-year2%, indicating that inflation has cooled more than expected, reinforcing market expectations for the Fed to cut interest rates next year. On the same day, U.S. stocks were mixed, but from the perspective of the whole week, the three major U.S. stock indexes collectively **, and the Dow Jones **022%, S&P 500**075%, NASDAQ **121%, all three major equity indexes for the eighth consecutive week**, and the first consecutive week for the S&P 500** since 2017.
The US November PCE data fell further, reinforcing the market's expectations for the Fed to cut interest rates
On Friday, the U.S. Department of Commerce released its PCE** index for November. As the Fed's favorite inflation gauge, the core PCE** index in the United States fell back to 3 year-on-year in November2%, 01%, both below previous expectations. In addition, according to the latest consumer confidence survey released by the University of Michigan on Friday, the final value of US consumers' expectations for inflation in the coming year is 31%, in line with the preliminary reading, the lowest level since March 2021.
The 22nd international gold price **087%
New York*** closed higher on Friday and hit its highest price in two weeks。The most actively traded market on the New York Mercantile Exchange*** market in February 2024** price increase was 087%, with a cumulative gain of 164%。The dollar index hit a five-month low on Friday, driven by expectations of a Fed rate cut, making ** more attractive to investors, analysts said.
Nike lowered its annual performance guidance on the 22nd, and its stock price fell more than 11%.
*Athletic brand Nike lowered its annual guidance due to more cautious consumer behavior and weaker business trends, and in its latest earnings report, it expects revenue growth of only 1% for the current fiscal year, which is lower than previously expected, and proposed a plan to cut costs by about $2 billion over the next three years. As a result, Nike's stock price fell on Friday, and as of **, its stock price **118%。
UK GDP shrank 0.QoQ in the third quarter1%
The UK's gross domestic product (GDP) shrank by 0.0 in the third quarter from the previous quarter, data released by the Office for National Statistics on Friday1%, less than the market expected. The Office for National Statistics (ONS) report shows that rising interest rates have put pressure on consumer spending, which has slowed during the period. The analysis pointed out that these data may increase the pressure on the Bank of England to turn to interest rate cuts sooner as the economic momentum weakens, and the market is increasingly expecting the Bank of England to cut interest rates as early as May.
The three major European stock indexes were mixed on the day, including London, England ***004%。France***003%, Germany** rose by 011%。
On the 22nd, international oil prices continued to fall, and Brent exceeded 3% for the whole week
On Friday, the international *** continued to fall. From the perspective of the whole week, affected by the worries caused by the Red Sea shipping crisis, international oil prices. This week, the New York Mercantile Exchange light *** main contract **cumulative**298%, London Brent *** main contract ** cumulative ** 329%。
*: CCTV Finance & Economics.