Global markets enter the final whole week of December with a slowdown, with little relevant economic news and the Christmas holiday marking the calendar. Despite this, some events and indicators deserve attention, such as the UK GDP data and Bitcoin's performance, which continues to surprise investors.
Here are the week’s key events:
The UK releases its GDP, an indicator that could bring volatility to the Sterling Pound. The previous reading was slightly positive, with growth of 0.1%, although it fell short of the expectation of 0.2%. The British economy is struggling to sustain a pace of expansion, influenced by lower-than-expected Industrial Production in October. The result is expected to bring more clarity on the current state of the UK economy. In the Crypto world, Bitcoin remains the highlight, accumulating an impressive increase of more than 100% since September 6. Now, two main questions arise: Will Bitcoin be able to maintain its uptrend in 2025, or will it retrace back? And when it retraces back, how far will it go?
Home sales data will be released in the US, a key indicator for the housing sector. This data not only reflects the state of the housing market but also serves as a catalyst for the economy as a whole. New home purchases tend to boost related consumption, such as furniture and home appliances, which ultimately benefits adjacent sectors. This indicator will be closely watched as it may provide clues about future household consumption.
Most markets will be closed for Christmas, so no relevant data is scheduled.
While many countries are still on Christmas holiday, the United States will publish initial jobless claims, a weekly indicator that provides a snapshot of the labour market's health. Although trading volume is traditionally low during this period, data such as this can provide important insights.
Friday will be marked by the absence of significant economic data, which is typical in the weeks leading up to Christmas. Trading volume is expected to remain low, reflecting the impact of the festivities on the financial market.
Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
Trending Stocks Today: in the ever-evolving landscape of financial markets, certain stocks catch the attention of market participants due to their innovative approaches and strategic developments.
The U.S. JOLTs job openings for May stood at 7.769 million, with June’s figure (due 29 July, 1400 GMT) expected to fall to 7.1 million, signalling a cooling labour market under tight Fed policy.
Following the ECB's decision to hold interest rates steady, Goldman Sachs and JPMorgan Chase revised their expectations for future rate cuts, considering the economic resilience and potential developments in EU-US trade relations.
set cookie
