Senior Relationship Manager
Summary: Thank You for 2025
Trading hours for each product will be shared by the end of today, both on the trading conditions pages and in the platform for each instrument.
Recently, U.S. consumer prices rose less than expected as of November. While this might sound like good news, many households are still feeling the pinch of rising costs for essentials like beef and electricity, creating a political challenge for President Trump. The Consumer Price Index showed moderation, likely due to the government shutdown delaying data collection until discounts kicked in during the holiday season.
Lack of bad news and low inflation lifted stocks: The Dow, S&P, and Nasdaq all saw gains, with Micron Technology up by over 10% after positive profit forecasts, and Trump Media jumping more than 40% on a big merger deal - Mal y soit qui mal y pense. In currency and metal markets, EUR/USD is down at 1.1720, USD/JPY is up at 156.10, while GBP/USD is at 1.3380. Precious metals were volatile; Platinum, Gold, and Silver all had noticeable moves, and Bitcoin is still below the 90k level.
The ECB held rates steady again, focusing on flexibility amid uncertainty, with modest growth and inflation forecasts ahead. Meanwhile, the Bank of England reduced rates as expected to address easing inflation and economic pressures. Fed's Goolsbee is cautious about cutting rates too fast and is hoping for more steady inflation declines.
In Switzerland, there's pushback against plans to increase UBS's capital requirements, and France's budget situation is tense, with lawmakers working overtime to find common ground.
Users of TikTok can relax: its parent company ByteDance has made moves to keep the U.S. app from facing a ban, bringing in major investors to hold a controlling stake in a new U.S. company.
Today, keep an eye on the PCE Deflator data at 14:30 and the University of Michigan’s final reading at 16:00, we also expect the large expiries in Futures and Options.
As we roll into the holiday season with thinner markets, trade carefully. Also, if you're interested in learning more about options, Koen has written helpful articles on managing these positions—especially when things don't go as planned. Trade inspiration
Upcoming on Friday, December 19: Japan Rate decision, UK Retail Sales, and U.S. PCE updates.
Wishing you all a fantastic start to the new year!
Friday December 19
Japan Rate decision UK Retail Sales, US PCE, University of Michigan
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