Hope versus reality: That’s the mood among market watchers as we count down to the Fed’s interest rate decision.
Source
CNBC Daily Open: Hoping for a 50-basis-point cut
World
China’s retail sales growth sharply misses estimates in November, deepening consumption worries
China’s retail sales growth and industrial production missed estimates in November while investment declined more than expected, data from National Bureau of Statistics showed Monday, indicating consumption remains a major worry. Retail sales rose 1.3% last month from a year earlier, sharply missing Reuters’ median forecast for a 2.8% growth, and slowing from 2.9% rise […]
Read More
World
Copper could hit ‘stratospheric new highs’ as hoarding of the metal in U.S. continues
Copper prices have soared this year, hitting multiple record highs, fueled by supply disruptions and as fears over U.S. tariffs have led to a surge in demand. The rally is set to continue into 2026. Citi analysts expect prices of the red metal to skyrocket on the back of stronger demand led by the energy […]
Read More
World
South Korea stocks lead losses in Asia-Pacific ahead of key data from China
Aerial view of vehicles being driven on the road through the central business district in Beijing, China. Vcg | Visual China Group | Getty Images Asia-Pacific markets fell Monday, after Wall Street declined Friday stateside as investors took a breather from the AI trade. “[Friday] is a value-outperforms-growth day,” said Jed Ellerbroek, portfolio manager at […]
Read More