{
Jason Hunter

People

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global markets steady as yuan weakens and south korea faces inflation rise

S&P 500 futures remained stable after the index reached a record high. The offshore yuan weakened past 7.3 against the dollar, with predictions it could fall to 8 by 2025. South Korea's inflation rose to 1.5% in November, prompting an unexpected rate cut by the Bank of Korea. Investors are favoring U.S. equities, with Morgan Stanley highlighting a balanced earnings recovery across sectors. New York Fed President John Williams emphasized ongoing efforts to combat inflation, while JPMorgan's Jason Hunter noted bullish signals for stocks from the bond market. In after-hours trading, Tesla and Zscaler saw declines, while Credo Technology Group surged after exceeding earnings expectations.
CNBC
Chinese Yuan South Korean Won United States Dollar Tesla, Inc. Zscaler, Inc. Lisa Han John Williams Christopher Wallerstedt Jason Hunter Elon Musk Show more
Finance & Economy, Market Report
00:02 03.12.2024
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