Buoyed by investors' optimism that the Federal Reserve will start cutting interest rates next year, all three major U.S. stock indexes rose last week, with the Dow up 0.22%, the S&P 500 up 0.75%, and the Nasdaq up 1.21%, all of which rose for the eighth consecutive week.
Last week, international oil prices rose, and cloth oil rose by more than 3%
In terms of oil prices, international oil prices rose last week due to supply concerns caused by the Red Sea shipping crisis. Among them, the price of the main contract of light crude oil futures on the New York Mercantile Exchange has increased by 2.98%, and the price of the main contract of London Brent crude oil futures has increased by 3.29%. In addition, affected by the decline of the US dollar index, the international gold price rose by 1.64% last week.
This week the Governor of the Bank of Japan will make a public speech
Investors are focused on when Japan will end its ultra-loose monetary policy
Bank of Japan Governor Kazuo Ueda will speak publicly this week. The Bank of Japan ended its last interest rate meeting of the year last Tuesday and officials did not provide guidance on when to exit negative interest rates, but the market remains hopeful for signs that it will end its ultra-loose monetary policy. Kazuo Ueda's public speech on Monday may send a relevant signal that is worth keeping an eye on.
In addition, this week, overseas markets have basically entered holiday mode, and trading is light. U.S. stocks will be closed for one day on Monday, and Europe's three major stock markets will be closed for two days on Monday and Tuesday.
This week, US home sales data for November will be released
In terms of data, the United States will release the existing home sales index for November this week, and the market expects the property market to show signs of recovery. Data released by the U.S. Census Bureau last week showed that single-family housing starts in the U.S. reached 1.145 million units in November, a 19-month high, up 18% from October and 9.3% from a year earlier.
Source: CCTV Finance