Markets around the world surged on the speculation that central banks will increase stimulus in reaction to the recent tumultuous financial markets. Particularly European markets improved significantly off word that ECB President Mario Draghi aims to further quantitative easing, expanding the bond buying programs and potentially moving into new asset classes. U.S. Existing home sales soared 14.7 percent, the largest monthly jump ever recorded.
"This record increase is a substantial rebound from lackluster November housing figures and demonstrates the strong demand for houses driven by a tight labor market. Oil advanced with global markets, increasing over 5 percent, comfortably back above $30, mitigating some of the worst fears with oil prices", says Voya Global Perspectives.


Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Denmark Central Bank Intervenes to Support Krone Peg Against Euro
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy




