Here we are, the last day and the last trading day of the year. It’s now been about two years that ChatGPT was launched and it’s been two years that the AI buzz pushed some US Big Tech companies to ... the sky, really. The consensus is that 2025 should be a good year, that the easing central bank policies and falling yields should help the US Big Tech rally to further broaden toward the non-tech pockets of the market, and beyond the US.
In FX, the US dollar index is having its best year since 2015 and could continue to extend gains on the back of a gradually less dovish Federal Reserve (Fed) outlook, while the euro is seen weakening against the dollar and sterling. In commodities, gold had a stellar year and could see more gains in case of a downside correction in global equity markets. While crude...
