Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
Gold Prices Mixed as Stronger Dollar Offsets Safe-Haven Demand Amid U.S.-Iran Peace Talks 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks 
Japan, U.S. Discuss Yen Weakness as Currency Intervention Concerns Grow 
The S&P 500 closed higher Tuesday as tech stocks rebounded, shifting investor focus to the Federal Reserve’s policy decision. The Dow Jones rose 136 points (0.3%), while the S&P 500 gained 0.9%, and the Nasdaq surged 2%.
AI chip leader Nvidia (NASDAQ:NVDA) led the recovery after suffering a record $593 billion loss in market value Monday. Concerns over Chinese AI startup Deepseek disrupting U.S. AI dominance were downplayed, with analysts suggesting that cheaper AI solutions could drive broader adoption. The rally comes as big tech giants, including Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META), Apple (NASDAQ:AAPL), and Tesla (NASDAQ:TSLA), prepare to report earnings this week.
On the earnings front, General Motors (NYSE:GM) fell nearly 9% after posting a fourth-quarter loss due to China-related charges. JetBlue Airways (NASDAQ:JBLU) plunged 26% following weak revenue guidance, while Royal Caribbean (NYSE:RCL) soared 12% on strong Q4 earnings and a positive 2025 outlook. Boeing (NYSE:BA) gained 1.5% after CEO Kelly Ortberg outlined a turnaround strategy despite the company’s largest annual loss since 2020.
Investors now await the Federal Reserve’s decision, with expectations that borrowing costs will remain unchanged. The Fed previously lowered rates, bringing the benchmark rate to 4.25%-4.50%. Key economic data, including the PCE price index and Q4 GDP estimates, are also due this week.
Meanwhile, U.S. housing data showed single-family home prices rose 0.3% in November, slowing from October’s 0.5% gain, reflecting the impact of higher mortgage rates.
Markets remain focused on earnings and macroeconomic signals, with tech stocks driving optimism ahead of the Fed’s announcement.
