🎄 Morning Update – 26.12.2024 🌅 📈 Market Highlights European trading continues the overnight rally seen in Wall Street futures. US100 is up +0.2% 🟢 US500 remains near Tuesday's close. Tech stocks are extending their gains from Tuesday’s strong session. 🔔 Most global markets are closed today, but Wall Street is open as usual. 🌟 Santa Claus Rally & January Effect? Market movements suggest these phenomena might still influence trading. Both US100 & US500 are testing historic highs. 🇯🇵 Asia Focus JAP225: +0.5% 📈, possibly due to BoJ Governor Ueda's comments. Inflation risks remain high; rates to stay below neutral for now. BoJ may raise rates if the economy meets forecasts. Key data from March’s wage negotiations will guide decisions. CH50: -0.2% 🔻, reflecting mixed sentiment. 💱 Currencies Modest dollar weakness; EURUSD stays below 1.0400. The yen is also weakening against major pairs. 🌏 China’s Economic Updates World Bank estimates 4.9% growth for 2024, with a slowdown to 4.5% in 2025. Lawmakers approve a VAT law, effective 1 January 2026. Upcoming National People's Congress on 5 March may introduce new economic measures. 🛢️ Commodities Oil rebounds 📊 on hopes of a Chinese recovery. Brent crude: +0.25%, trading above $73/barrel. Natural gas declines after recent gains, testing $3.5/MMBTU levels. Forecast: Mild weather continues, but a cold snap may hit eastern US from 2 January. Gold shines ✨ with a weaker dollar: Up +0.4%, trading just below $2,630/oz. 💻 Crypto Watch Bitcoin dips -0.6% 📉, trading below 98,000 this morning. Stay tuned for more updates! 📊📉✨