Stocks Post Small Moves Before French Vote, Powell: Markets Wrap

Published On Dec 4, 2024, 3:31 AM

European stocks and US equity futures experienced modest gains amid anticipation of political developments in France and remarks from Federal Reserve Chair Jerome Powell. The French political landscape remains uncertain with a potential no-confidence vote threatening governmental stability. Concurrently, South Korea faced political turmoil due to the declaration of martial law by President Yoon Suk Yeol. The Fed is under scrutiny as market players await Powell's comments that could hint at future interest rate adjustments.

Read full article

Stock Forecasts

SPYView SPY chart on TradingView

Positive

Investment sentiment could be influenced positively if Powell signals a favorable stance on interest rates, enhancing expectations for economic growth. Conversely, political instability in France and South Korea may introduce volatility.

GLDView GLD chart on TradingView

Positive

Given the potential for increased volatility in Asian markets amid South Korean political turmoil, investors might consider defensive sectors or commodities as hedges against uncertainty.

Related News

Wells Fargo issues Wall Street's most bullish forecast yet for the stock market in 2025

Dec 3, 2024, 3:38 PM

Wells Fargo sees the S&P 500 reaching 7,007 by the end of 2025 as a strong economy and a Federal Reserve cutting cycle help drive stocks higher.

SPY
RSP

S&P 500 futures are little changed after index posts another record close: Live updates

Dec 3, 2024, 6:04 PM

A slate of labor market data is looming this week, including the ADP employment survey due Wednesday.

SPY
SH

Hedge funds profit from ‘Trump trades’ around US election

Dec 3, 2024, 11:45 AM

Hedge funds including Jeffrey Talpins’ Element Capital and Kenneth Tropin’s Graham Capital Management have made big gains from betting on market...

SPY