The Bank of Jamaica cut its monetary policy rate by 25 basis points to 6% in December 2024, continuing its easing cycle that began earlier in the year. This decision is based on inflation staying within the target range, with headline inflation declining to 4.3% in November 2024. Despite challenges such as adverse weather affecting prices, inflation is expected to remain stable. The Bank acknowledged risks, such as potential policy changes from Jamaica’s trading partners, but remains committed to keeping inflation low and stable while monitoring the trajectory of future economic conditions.

Jamaica Lowers Interest Rate by Another 25 bps

In New York,  the Dow Jones Index went up by 510 points or 1.21 percent on Friday. Top gainers were Nvidia (2.46%), UnitedHealth (2.37%) and Goldman Sachs (2.17%).

The Dow Jones Index Closes 1.21% Higher

The Ibovespa gained 0.8% to close at 122,102 on Friday, recovering from early losses and reducing the São Paulo exchange’s weekly decline to 2%. The central bank’s aggressive interventions, including a $3 billion spot auction today, have brought total currency market interventions to $23.75 billion since last week, helping to stabilize the Brazilian real. However, these actions also underscored growing fiscal risks, amplified by the Senate’s approval of a diluted PEC that weakened the government’s spending cuts and raised concerns over fiscal consolidation. Major banks led the rebound, with Banco Santander, Banco do Brasil, Itaúsa, and Bradesco rising 0.9% to 2.1%. Strong performers included Localiza, Rede D'Or, B3, Natura, Hypermarcas, and Lojas Renner, which surged 2.3% to 4.9%. In contrast, consumer non-cyclicals and industrial stocks faltered, with Ambev dropping 3.8% and WEG falling 1.9%.

Ibovespa Recovers

The S&P/TSX Composite Index gained 0.8% to close at 24,600 on Friday, snapping a six-day losing streak and partially trimming some of its 2.7% weekly plunge. Canadian stocks rebounded alongside their US counterparts, tracking a sharp recovery in Wall Street’s major indices as investors reassessed the Federal Reserve’s policy outlook. North American equities recovered following a softer-than-expected core PCE inflation reading, fueling hopes for less restrictive Fed policy. Bond yields fell, boosting interest rate-sensitive sectors like technology and financials. Shopify was a standout performer, up 1.7%, while RBC, Brookfield, and TD Bank rose between 0.6% and 1.4%. Gold-linked stocks also outperformed, with Agnico Eagle, Barrick Gold, and Franco-Nevada gaining 0.8% to 1.4%, driven by higher gold prices. In contrast, the energy sector faced continued pressure, with Suncor and Imperial Oil dropping 0.4% and 1.5%, respectively, amid concerns over potential US tariffs.

今日熱門標的及事件

最即時的新聞，財經事件和分析師推薦，達成最佳投資決策

市場快訊

Jamaica Lowers Interest Rate by Another 25 bps

The Dow Jones Index Closes 1.21% Higher

Ibovespa Recovers

TSX Rebounds, Tracking Wall Street’s Recovery