NZD's Resounding Success Takes Center Stage in Market Recap
Market Commentary
Based on our latest observations, the market last week saw Silver, Gold, and NZD as outperformers, with the highest returns among the mentioned assets. Conversely, Brent and WTI underperformed, indicating a bearish market for oil. In terms of treasury yields, they have slightly increased compared to the previous week, suggesting a small upward trend in market interest rates. However, no specific quantitative numbers were provided to support this observation.
The risk/reward ratios indicate that NDX, Gold, and NK225 have the highest ratios, offering higher potential returns for the same level of risk. On the other hand, CSI300, ASX200, and STI have the lowest risk/reward ratios, indicating lower potential returns for the same level of risk. In terms of diversification, Brent and WTI exhibit the lowest average correlation, making them potential options in a portfolio as they show relatively independent price movements compared to other assets.
In the global market, Best Buy's Cyber Monday sale has started, offering deals on TVs, laptops, and more, while Baldur's Gate 3, a popular video game, has gained attention for its intense breakup conversations. Cyber Monday deals also included discounts on Samsung Galaxy phones and foldable devices, as well as Apple products such as AirPods and iPads. Additionally, US Black Friday sales have risen by 2.5%, setting a record for online sales. OpenAI's leadership turmoil is being tested as share prices are affected, while the stock market is gaining momentum, with the S&P 500 leading the year-end rally.
Looking ahead, some key economic data to watch out for next week include CB Consumer Confidence forecasted at 101.0, Core PCE Prices QoQ 2nd Estimate forecasted at 2.4, GDP Price Index QoQ 2nd Estimate forecasted at 3.5, GDP Sales QoQ 2nd Estimate forecasted at 3.5, and GDP Growth Rate YoY forecasted at 6.8. Any surprises toward the upside or downside in these data points may cause market fluctuations and should be monitored closely.
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