Global financial markets experienced notable movements today as central bank activities and currency fluctuations took center stage. In the United States, the Federal Reserve is widely anticipated to announce a 25 basis point interest rate cut on Wednesday, bringing the target range to 4.25% to 4.50%. This decision follows a week of solid economic signals, leading investors to adjust their expectations regarding future rate cuts.
In Asia, China's blue chip index declined by 0.5%, following disappointing retail sales figures that showed only a 3.0% increase in November, significantly below the expected 4.6%. The central bank of China hinted at the possibility of further reducing the reserve requirement ratio, although recent easing measures have had limited impact on borrowing.
European stocks also faced downward pressure, with the euro zone's business activity contracting in December, albeit at a slower pace than the previous month. The MSCI world share index reflected this trend, showing a slight decline.
In currency markets, the U.S. dollar strengthened against the Japanese yen, reaching 154, after a nearly 2.5% rise last week. The euro remained unstable at $1.04962. Bitcoin surged to a record high above $106,000, driven by expectations of a favorable regulatory environment under potential future leadership.
Amid these developments, gold prices stood at $2,657 per ounce, while oil prices eased from three-week highs, influenced by anticipated sanctions on Russia and Iran that could affect supply.