Global Market – Trading at 2023 high & Economic data in focus
This week we will discuss how global equity market which either have made fresh high for 2023 and trading near to highest level and market is now factoring in pause by all major central banks. Today we will also focus on the economic data of U.S. which will be released ahead of U.S. Fed meeting outcome on 13-Dec-23.
U.S. Economic data
We would focus on jobs data which will be released in next week on 5th, 6th & 7th December 2023. Jobs data have been robust and continue key factor for U.S. Fed to keep interest rate at elevated level.
Global Market – Rallied around 5% – 7% on major indices
Here we would like to highlight U.S. market which has rallied in range of 5% to 7% on major indices. European stocks where DAX has rallied by around 7% & CAC by less than 4%. Indian market in last 1 month has rallied by around 6%.
Equichain Wealth Advisors: Market View & Opinion
We have mentioned last week that we are optimistic and we maintain our positive view. Market will now focus on upcoming economic data and central banks meeting starting from next week. Any confirmation of pause by major central banks will be taken as positive. After current rally, we see market evenly balance to react to any outcome, but in case of any disappointment correction in global market could be painful.