3 days ago
ING Think
Global Markets: US stocks opened sharply lower yesterday, but clawed their way back to end the session more or less flat on the day. In the absence of much excitement in other markets, EURUSD has traded above 1.09 for the first time since April 2022. December US durable goods orders are out later too – too choppy to make sense of this data series. South Korea: Real GDP dropped sharply as expected, posting a contraction of 0.4% QoQ (sa) in 4Q23 (vs +0.3% in 3Q22). For domestic components, private consumption dropped 0.4% with declines in both goods and service consumption.
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