Citi Forecasts a Volatile but Ongoing Bull Market for S&P 500 in 2026 
South Korea Exports Hit Record High as Global Trade Momentum Builds 
Wall Street Ends Mixed as Tech and Financial Stocks Weigh on Markets Amid Thin Holiday Trading 
Asia Manufacturing PMI Rebounds as Exports and Tech Demand Drive Growth into 2026 
U.S. Dollar Steadies Ahead of Fed Minutes as Markets Eye Policy Divisions 
South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets 
U.S. Stock Index Futures Steady as Markets Await Fed Policy Clues in Holiday-Thinned Trade 
Japanese Business Leaders Urge Government Action as Weak Yen Strains Economy 
Oil Prices Slide in 2025 as Oversupply and Geopolitical Risks Shape Market Outlook 
U.S. Dollar Starts 2026 Weak as Yen, Euro and Sterling Hold Firm Amid Rate Cut Expectations 
U.S. Dollar Slides Toward Biggest Annual Loss Since 2017 as 2026 Risks Loom 
South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty 
Singapore GDP Growth Surges in 2025 but Outlook Remains Cautious Amid Global Trade Risks 
Asian Stock Markets Start New Year Higher as Tech and AI Shares Drive Gains 
Federal Reserve Begins Treasury Bill Purchases to Stabilize Reserves and Money Markets 
Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion 
Euro area posted a record trade balance at ¥194.8 billion, shows the latest data published from Euro stat.
Positive trade balance is very favorable for any country and euro area especially Germany remains robust from this point. These positive balances will be favorable to European stocks & Euro once the cloud of uncertainty passes away.
The European stocks at this valuation of Euro looks very favorable and we feel further good days are ahead for the stocks and Indexes (like DAX, IBEX) in the months to come.
DAX is currently just shy of its all-time high of 11,000 and E.Stxx50 trading at 3,440 up more than 10% for the year.
- Top performer is Germany (+€201.8 billion) followed by the Netherlands (+€57.5 billion), Italy (+€37.1 billion), Ireland (+€32.2 billion).
- Worst performers are France (-€67.5 billion), Spain (-€23.0 billion) and Greece (-€18.9 billion).
- Another worthy noting data is export which is significantly down for Switzerland (-18%), though this we believe might change in the coming months after the massive devaluation of euro against franc.
- Exports & Imports to Russia down by 13% & 10% respectively.
Overall the tone of the data is positive for the euro over longer term but could of less impact in the near as the political uncertainty remains at large for now.
