Stock markets are closed during the Christmas period; Asia-Pacific stock markets slightly rose due to Wall Street's Christmas rally.
πΊπΈ S&P 500 Index: Market Closed
πΊπΈ Nasdaq Index: Market Closed
πͺπΊ Stoxx 600 Index: Market Closed
π―π΅ Nikkei 225 Index: +0.24% π
ππ° Hang Seng Index: Market Closed
π¨π³ CSI 300 Index: +0.05% π
πΈπ¬ Straits Times Index: Market Closed
Asia-Pacific regional stock markets rose, with China's CSI 300 Index up by 0.1% and Japan's Nikkei 225 Index up by 0.2%, supported by overnight gains on Wall Street.
December: The Bank of Japan's monetary policy meeting minutes highlighted cautious interest rate hikes due to concerns about the sustainability of the 2% inflation target and global uncertainties possibly posing risks to economic recovery.
π‘ Upcoming Events π‘:
On Thursday, the U.S. will release unemployment claims data.
By the end of this week, on Friday, Japan will release Core CPI and CPI YoY data.
π‘ Things to Know Today π‘:
1. Apple $Apple(AAPL)$ is seeking to participate in Google's $Alphabet(GOOG)$ antitrust trial in the U.S. to defend its revenue-sharing agreement, which made Google the default search engine for Safari and generated approximately $20 billion in revenue for Apple in 2022.
Antitrust Trial
2. Major U.S. banks and business groups have filed a lawsuit against the Federal Reserve, accusing it of a lack of transparency in its annual stress tests and violating administrative procedures, demanding the disclosure of the models and scenarios used.
Major US banks
3. The People's Bank of China kept the one-year Medium-Term Lending Facility rate at 2% and withdrew a record 1.15 trillion yuan, the largest liquidity withdrawal since 2014, to maintain policy flexibility amid trade tensions.
People's Bank of China
4. Another major company, Foxconn $Foxconn Technology Co., Ltd.(FXCOF)$ , is entering the electric vehicle sector with an investment of $82 million to establish a new EV battery plant in Zhengzhou, China. This is part of its diversification strategy beyond Apple iPhone manufacturing.
Foxconn
5. On Christmas night, Russian missiles struck Ukraine's energy infrastructure, including Kharkiv, escalating tensions in the conflict.
Missiles strike
β Key Points:
Although most markets were closed on Christmas Day, overall stock market performance this week was buoyed by the holiday atmosphere, fully showcasing the "Santa Claus Rally" effect.
Comments
Here are some relevant news articles for the mentioned companies and topics:
Apple ($AAPL): Apple is seeking to participate in Google's antitrust trial in the U.S. to defend its revenue-sharing agreement, which made Google the default search engine on Apple devices. Read more
Alphabet ($GOOGL): Alphabet's Google is facing a lawsuit from the Polish e-commerce platform Allegro, seeking $567.6 million in damages, alleging anti-competitive practices. Read more
Federal Reserve: U.S. banks and business groups have filed a lawsuit against the Federal Reserve, accusing it of a lack of transparency in its annual stress tests and violating administrative procedures. They demand the disclosure of the models and scenarios used. [No additional article found]
People's Bank of China: The People's Bank of China kept the one-year Medium-Term Lending Facility rate at 2% and withdrew a record 1.15 trillion yuan, the largest liquidity withdrawal since 2014, to maintain policy flexibility amid trade tensions. [No additional article found]
Foxconn ($FXCOF): Foxconn is entering the electric vehicle sector with an investment of $82 million to establish a new EV battery plant in Zhengzhou, China, as part of its diversification strategy beyond Apple iPhone manufacturing. [No additional article found]
Ukraine: Russian missiles struck Ukraine's energy infrastructure, including Kharkiv, escalating tensions in the conflict. [No additional article found]
Please note that the provided articles are for informational purposes only and do not constitute investment advice. It is important to conduct thorough research and analysis before making any investment decisions.
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