Nasdaq Closes at Record High; Dow Falls Ahead of Fed Meeting
European bond market: German 10-year government bonds halted five consecutive declines; United Kingdom bonds underperformed.
The German 10-Year Treasury Notes closed higher for the first time since December 6, as money market traders raised their bets on interest rate cuts by the European Central Bank in the second half of next year. The German 10-Year Treasury Notes Yield fell by 1 basis point to 2.25%, up 15 basis points over the past week. The yield curve steepened as the 2-Year Treasury Notes Yield fell by 2 basis points to 2.05%. The spread between French and German bonds closed wider by 1 basis point to 80 basis points, following Moody's downgrade of France's credit rating. United Kingdom bonds underperformed, with short-term bonds leading the decline; the United Kingdom's 2-Year Treasury Notes Yield rose by 5 basis points to 4.36%. S&P Global released the UK composite for December.
S&P Upgrades PenFed Auto Loan Securitizations Due to Strong Performance
The expansion rate of the service industry in the USA has reached its fastest pace in over three years, providing momentum for the economy.
Activity in the USA's services sector is expanding at its fastest pace since October 2021, providing momentum for the economy amid a worsening decline in manufacturing. The preliminary value of the S&P Global Manufacturing PMI for the USA in December is 48.3, expected 49.8, previous value 49.7, marking a new three-month low; the preliminary value of the S&P Global Composite PMI for the USA in December is 56.6, expected 55.1, previous value 54.9, reaching a new 38-month high; the preliminary value of the S&P Global Services PMI for the USA in December is 58.5, expected 55.7, previous value 56.1, also reaching a new 38-month high. S&P Global's Chief Business Economist Chris Williamson.
US Services Sector Surprises on the Upside: S&P Global
December S&P Global US Flash Manufacturing Index Declines, Services Measures Increase
Broadcom rises over 8% again, with a cumulative increase of over 35% in two days! Which company will become the next member of the "trillion Market Cap club"?
After Broadcom's market cap exceeded one trillion dollars, there are currently nine companies in the "trillion-dollar market cap club" in the U.S. stock market, namely Apple, Microsoft, NVIDIA, Amazon, Google, Meta, Tesla, Broadcom, and Taiwan Semiconductor.
USA S&P Global Services PMI For December 58.5 Vs 55.7 Est.; 56.1 Prior
USA S&P Global Composite PMI For December 56.6 Vs 54.9 Prior
Express News | The preliminary value of the S&P Global Manufacturing PMI for the USA in December is 48.3, with an expectation of 49.8 and a previous value of 49.7.
USA S&P Global US Manufacturing PMI For December 48.3 Vs 49.4 Est.; 49.7 Prior
Express News | The speed of layoffs in the private sector in the United Kingdom has reached its fastest record in nearly four years.
S&P Global: UK Consumer Confidence Falls in Final Month of 2024
Market Chatter: Moody's, Fitch, S&P Global Affirm South Korea's Stable Rating Amid Political Unrest
Express News | Moody's downgraded France's rating, and the CDS premiums are rising.
Express News | PMI shows that United Kingdom businesses are facing a triple challenge of stagnating economic growth, employment, and inflation.
The Fed's Game Plan on Interest-Rate Cuts Keeps Shifting
Express News | List of key financial data and events for Monday
Why Is S&P Global Inc. (SPGI) Among the Best Income Stocks to Buy According to Analysts?
S&P Dow Jones Indices Announces Dow Jones Sustainability Indices 2024 Review Results