US stocks fell, with the S&P 500, Nasdaq and Dow Jones all down 0.1%.Japanese yen moves towards the longest losing streak since June. Traders bet that the Bank of Japan will stay put and the yen will move towards the longest losing streak against the US dollar since June. Traders bet that the Bank of Japan will not raise interest rates next week. The yen continued to fall on Friday, falling 0.7% against the US dollar to 153.72 yen, the lowest level since November 26th. The yen has fallen for the fifth day in a row, and is heading for the worst weekly performance in more than two months. Earlier this week, it was reported that the Bank of Japan thought that it would not pay a huge price to wait until January or later, because there were signs that there was little risk that inflation might exceed the target. It is reported that officials are still open to taking action next week, depending on data and market trends.GBP/USD fell more than 0.50% in the day, and now it is reported at 1.2611.
Market News: Belarusian President Lukashenko approved the budget of Belarus in 2025.The U.S. military said that drones were found over the U.S. military base in Germany. A spokesman for the U.S. Air Force said that drones were found flying over the U.S. air base in Ramstein, Germany, in early December, and the residents, facilities or assets of the base were not affected. A source said that the German authorities did not find the operator of the drone, but ruled out the possibility that the drone was operated by amateurs.Economists predict that the Fed will only cut interest rates three times next year. Economists surveyed by Bloomberg expect that the Fed will cut interest rates for the third time in a row this month, and lower the expected number of interest rate cuts next year. The market expects Federal Reserve Chairman Powell and his colleagues to cut interest rates by 25 basis points next week. If the expectation is true, it means that interest rates have been lowered by 1 percentage point since September. Next year's interest rate cut will slow down faster than officials expected three months ago. Most economists predict that interest rates will be cut only three times in 2025 because of the small progress in fighting inflation.
Morgan stanley capital international's MSCI Nordic Countries Index fell 1.4%, the worst one-day performance since November 15th, to 376.43 points, with a cumulative decline of more than 2.27% this week. Novo Nordisk closed down 3.9%, the worst performance among the constituent stocks.Anteris Technologies Global Corp. (AVR)' s U.S. IPO opened flat on the first day, at $6. This medical equipment supplier aims to improve the quality of life of patients with aortic stenosis.Bank of Mexico: High inflation may affect economic activities.