Fisher Investments Reviews: Last Week in Markets—December 23 - December 27

In the US, preliminary November durable goods orders fell 1.1% m/m, missing expectations. New home sales rose 5.9% m/m in November, above forecasts.

In the UK, the final estimate of Q3 2024 GDP remained flat q/q and rose 0.9% y/y. Q3 2024 imports and exports fell 2.5% q/q and 0.5% q/q, respectively.

In Japan, preliminary November industrial production fell 2.3% m/m and 2.8% y/y. November retail sales rose 2.8% y/y, exceeding estimates. Imports fell 3.8% y/y in November, while exports rose 3.8% y/y. The November unemployment rate remained steady at 2.5% for the second consecutive month.

The Week Ahead

The US, UK, eurozone, China, and Japan report final December Manufacturing PMIs. The UK and eurozone release November money supply data.

Source for all data cited is FactSet. This update constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. No assurances are made we will continue to hold these views, which may change at any time based on new information, analysis or reconsideration. In addition, no assurances are made regarding the accuracy of any forecast made herein. Global equities are represented by the MSCI World Index. The MSCI World Index measures the performance of selected stocks in 23 developed countries and is presented net of dividend withholding taxes and uses the maximum rate applicable to non-resident institutional investors who do not benefit from double taxation treaties. Past performance is no guarantee of future results. A risk of loss is involved with investments in stock markets.