From Nasdaq:

The financial markets soared as the S&P 500 closed at a record high for the 5th consecutive session, and US investment grade spreads fell to their tightest level in over 2 years. Investors became more optimistic after ECB President Lagarde struck a more dovish tone than expected. Regarding the US economy, it defied recession fears with 3.3% growth in the fourth quarter, while the UK’s consumer confidence hit a two-year high as inflation cools. Meanwhile, China equity funds had the largest weekly inflows since 2015. Biden’s opposition to LNG projects and its potential effect on climate policy were also discussed. -Reuters, Bloomberg.

In relation to the US economy, there was 3.3% growth in the fourth quarter, and in China, targeted stimulus would be coming. Japan’s capital saw inflation slow, and several Chinese provinces targeted modest 2024 growth after missing previous goals. The United Kingdom’s consumer confidence hit a two-year high. In American politics, Joe Biden halted permits for LNG projects under climate campaign pressure. Central banks around the world deal with the challenging task of transitioning from rate hikes to cuts. -Reuters, Financial Times.

The news also covered some interesting geopolitical developments, such as China’s influence on Iran to rein in the Houthi attacks in the Red Sea, as well as the deadlock in the hostage deal over Israel’s refusal to agree to a permanent ceasefire. It also involved Russia and China’s discussions over Ukraine. Several major corporate and economic moves were mentioned, including work from Airbus, Microsoft, and Intel. -Financial Times, Reuters, Bloomberg.



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