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<p>The data agenda during Asia time is very light for the final trading day of 2023. </p><p>From South Korea there will be inflation data for December:</p><ul><li>expected 0.2% m/m, prior -0.6%</li><li>expected 3.26% y/y, prior 3.3%</li><li>due at 2300 GMT </li></ul><p>If

<p>WTI crude oil is at the lows of the day, down $1.62 to $72.49.</p><p>The Boxing Day rally has now been completely wiped out and crude is lower on the week.</p><p>The drop in oil comes despite a bullish weekly oil inventory report that showed:</p><ul><li>Crude -7114K vs -2704K exp</li><li&g

<ul><li>WI level at the time of the auction 3.835%</li><li>High-yield 3.859%</li><li>Tail: +2.4 basis points</li><li>Bid to cover 2.5X. The last option came in at 2.44X</li><li>Indirect's 63.7 which was the weakest since March</li><li>Directs 19.37%</li><li>Dea

<p>The major European indices are closing lower on day. A snapshot of the closes shows:</p><ul><li>German DAX, -0.24%</li><li>France CAC -0.48%</li><li>UK FTSE 100 -0.03%</li><li>Spain's Ibex -0.35%</li><li>Italy's FTSE MIB -0.26%</li></ul><p>With on

<p>USD/JPY plunged early in New York trading but has quickly erased all of those losses as Treasuries chop around.</p><p>It's a reminder that in the week between Christmas and New Years that any attempts to make sense of FX moves are a fool's errand. Also that trading with a tight stop loss is a dangerous game.</p>

<p>The US dollar is off the best levels of the day as we count down to the New Year.</p><p>This time of year is all about flows and tomorrow is the final day for US tax-loss selling in equities, so that's an important factor to note. In the bigger picture, the market continues to recalibrate towards […]

<ul><li>Prior was -1.5% (revised to -1.2%)</li><li>Index level at 71.6 vs 71.4 prior</li></ul><p>The latest housing data has been soft but the market can safely ignore it as lower Treasury yields are leading to lower borrowing costs and that will inevitably lead to faster housing activity. The drop in Treas

<p>US major indices are trading marginally higher in early US trading. </p><ul><li>Dow Industrial Average is trading up 51.00.16 percent at 37717.80</li><li>S&amp;P index is up up 9.28 points or 0.19% at 4790.60</li><li>Nasdaq index is up up 25.42.00.17 percent at 15125.42</li></ul><

<ul><li>Prior month -0.2%</li></ul><ul><li><p>Wholesale Inventories for November:</p><ul><li>End-of-month level at $895.7 billion</li><li>Decrease from October 2023: -0.2% (±0.2%)*</li><li>Year-over-year change from November 2022: Down -3.1% (±1.1%)</li><li

<ul><li>Prior week 205K revised to 206K</li><li>Initial jobless claims 218K vs 210K estimate</li><li>4-week moving average of initial jobless claims 212.00K versus 212.25K last week</li><li>Continuing Claims 1.875M vs 1.875M estimate. Prior week 1.865M revised to 1.861M</li><li>4-week movi