The yen strengthened as the dollar remained weak, with investors anticipating a Federal Reserve interest-rate cut. Japan’s Nikkei 225 fell, while South Korea and Australia saw gains. US futures were stable after a slight drop in the S&P 500 and Nasdaq 100. Key economic data, including Friday’s payrolls report, will influence future rate decisions.
Oil settles up over 1% on large draw from US crude stocks
Brent crude futures rose 91 cents, or 1.2%, to settle at $74.17 per barrel. U.S. West Texas Intermediate crude futures rose 98 cents, or 1.4%,
December 28, 2024