As global markets wind down for the year, world stock markets are showing mixed results, with some regions experiencing gains and others encountering losses. The European shares opened higher on the final trading day of the year. Similarly, in the U.S., major indices are on track for weekly gains, with the S&P 500 and the Dow Jones Industrial Average moving upward. Investors are also keeping a close eye on various economic indicators and signals from the Federal Reserve as they anticipate potential interest rate cuts in the new year.
Turkey’s central bank raised interest rates by 5 percentage points to 40% in its ongoing effort to combat skyrocketing inflation, but indicated that the tightening cycle will soon come to an end.