Santa came a tad earlier than usual this year, giving investors what they wanted most – a reduction in geopolitical uncertainty and an increase in liquidity – but is it all as it appears?
Today is all about the Fed, which, ironically, is expected to do nothing and leave rates unchanged. The major equity markets in Asia closed mixed today without much movement in either direction. By midday trading, the major European equity markets were also mixed and again lacking significant moves. US equity futures are mixed this morning with little movement predicted at the open. Between the Fed and the now potential December 15 tariff deadline, it’s a wait-and-see kind of week.