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On Tuesday, US equities extended their upward trend, with the Dow Jones hitting a record high for the fifth consecutive day. Positive economic indicators included a 14% month-over-month increase in U.S. housing starts. The Russell 2000 rose by 2%, continuing its strong performance. Despite optimism fueled by the Federal Reserve’s apparent policy shift, some analysts warn of potential overbought conditions and anticipate a consolidative pullback. Major benchmarks closed with the S&P 500 just 0.6% below its all-time high. Energy shares and retail sectors performed well. European equity markets rebounded on Tuesday, with the Euro Stoxx 50 gaining around 0.5%, driven by a 1.7% increase in the travel and leisure sector; optimism about 2024 interest rate cuts persisted, and final Eurozone inflation figures confirmed a decrease to 2.4%.
Summary for 20.12.2023
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