The global stock market ended a tumultuous week on Friday, with markets experiencing a rollercoaster ride of highs and lows. The dollar index hit a two-year high, but its strength has since declined, according to recent data.
China witnessed a significant drop in its 10-year bond yield, falling below 1.6% for the first time. This comes after several months of rising yields, indicating a shift in market sentiment.
Looking ahead to the upcoming American manufacturing data, investors are hopeful that it will provide further insight into the health of the economy. As such, European stock futures slipped, while Asian shares and US futures gained, bucking the trend of declining global stocks this week. The markets in South Korea, Hong Kong, and Australia also saw an increase, signaling a positive shift.
Source: https://www.bloomberg.com/news/articles/2025-01-02/stock-market-today-dow-s-p-live-updates