From NASDAQ.:

Nasdaq’s IR team curated a market roundup, including the assurance that deflation is desirable rather than a concern. Equities were lower, yields higher, and oil, the dollar, and gold prices increased. The week looks busy for macro data, and market health and financial conditions are improving.

Strong wind generation caused European electricity prices to drop below zero. 2023 was a record-breaking year for global temperatures. Central banks are poised for rate cuts; the UK economy might face a “grey gloom” until the polling day. Other top headlines include China’s factory activity and Europe’s recession.

In the energy sector, oil prices are expected to remain near $80/b in 2024. US oil output fell in October, the same month China issued massive crude oil import quotas. India’s crude oil imports from Russia fell due to payment issues, which are also affecting Brazilian and Nigerian oil firms.



Read more: Will 2024 Be the Year of Rate Cuts and Monetary Easing?