Dow Futures contract was up 18 points, U.S. market news Dec 27

Dow Futures

Dow Futures

Dow Futures contract was up 18 points, or 0.05%, S&P 500 Futures contract was up 3 points, or 0.07%, and Nasdaq 100 Futures contract was up 15 points, or 0.09%.

1. Futures are flat, Toyota sales are up, and SoftBank has received a windfall.
2. Dow futures are almost unchanged in the closing week of a strong year.
3. Fed liquidity withdrawals shift the focus on the use of a new loan facility.
4. Bond bulls in the United States are looking to the 2024 Fed shift to prolong the current surge.
5. FCPT has announced the sale-leaseback of a Tire Discounters location for $1.7 million.
6. S&P, Dow, and Nasdaq futures are rising following a strong start to the week.
7. Anthropic expects to generate more than $850 million in annual income by the end of 2024, according to a study.
8. World equities are at their best level in almost a year, as rate-cut prospects remain strong.
9. Tesla deliveries set a new high, but fall short of Musk’s goals.
10. Bond bulls in the United States are looking to the 2024 Fed shift to prolong the current surge.
11. Fed liquidity withdrawals shift the focus on the use of a new loan facility.
12. As Red Sea developments are monitored, oil remains stable. 
13. Gold prices remain stable as anticipation for an early rate drop fuel robust increases. 
14. Dollar trembles on rate cut forecasts in the slender holiday market 
15. The FDA notifies Amazon about possibly dangerous active pharmaceutical components. 
16. A notice of noncompliance is sent by Nasdaq to Embrace Change Acquisition. 
17. Anthropic anticipates more than $850 million in annualized sales by the end of 2024 – report
18. Tesla will launch a redesigned Model Y from its Shanghai facility – Bloomberg News
19. Adobe CFO Daniel Durn has disclosed the selling of a $1.79 million stake.
20. The director of LGI Homes has disclosed the selling of a $196K interest.
21. Elicio Therapeutics purchases a 10% interest for $7.05 million.
22. The Dish Network-EchoStar merger is set to finalize on Sunday.

GLOBAL NEWS 

1. Australia’s stocks are higher at the close of trade, with the S&P/ASX 200 up 0.79%.
2. The Nifty 50 is up 1.00% after the closing of trade in India.
3. Japan’s markets are up at the close of trade, with the Nikkei 225 up 1.15%. 
4. Housing starts in Japan fell more than expected in November. 
5. European stocks rise at the start of a holiday-shortened week. 
6. European stocks begin the final week of 2023 on a high note.
7. The Thai government intends to expand spending even more in the fiscal year 2025.
8. New World and China Resources will construct a $1.3 billion housing complex in Hong Kong.
9. BYD has received a conditional testing permit for level 3 autonomous driving on high-speed highways.
10. Asian stocks increase in tandem with the Wall Street gain, while China’s losses continue.
11. Asia FX remains rangebound, with the dollar at a five-month low as rate cut bets persist.
12. SoftBank receives a $7.6 billion windfall from its T-Mobile holdings, and its stock soars.
13. China’s industrial earnings rise by double digits, but the rebound is unequal.
14. Toyota’s global output reaches a new high in November, thanks to robust demand.

Economic Data

• Japan’s unemployment rate stood at 2.5% in November 2023, unchanged from the previous month and matching market forecasts.

Global news Updates

• Bank of Japan Governor Kazuo Ueda said he was in no rush to unwind ultra-loose monetary policy as the risk of inflation running well above 2% and accelerating was small, public broadcaster NHK reported. There was a chance the BOJ could gain “quite a lot of information” from the bank’s regional branch managers’ meeting in mid-January, Ueda was quoted as saying, when asked about the chance of a policy change in January. “For now, I don’t think the chance of this happening is large though,” Ueda said in an interview conducted on Tuesday – Reuters.

• This year’s hottest options trade is catching on with Wall Street’s nerd contingent. Big banks that develop systematic equity products for clients have jumped on the bandwagon of derivative contracts that have zero days to expiration, or 0DTE. Desks responsible for so-called “quantitative investment strategies,” or QIS, have either built new trades around these flashy options or used them as an alternative in existing strategies

Economic Calendar

• 10:00 Richmond Fed Mfg. Index
• 11:00  Survey of Business Uncertainty
• 11:30  Results of $26B, 2-Year FRN Auction
• 1:00 PM  Results of $58B, 5-Year Note Auction

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