Last Week's Recap
1. US Market saw weekly performance sharply divided
Indexes: The $Dow Jones(.DJI)$ finished with a 1.05% total return for the week, while the $S&P 500(.SPX)$ fell 0.63% and the $NASDAQ(.IXIC)$ ended 1.62% lower.
Market rotation: With many of the technology-oriented stocks that have driven 2025’s gains weighing on the broader market. More cyclical, value-oriented stocks climbed, and a large-cap value equity style benchmark finished 0.6% higher for the week while its growth counterpart was down 1.5%.
Small-cap record: the Russell 2000 Index finished about 1.2% higher. On Thursday, it climbed to a record high, capping a run that saw the index surge more than 12% over a stretch of 15 trading days dating to November 20.
2026 rate outlook: the US Fed fulfilled market expectations by cutting rate by 25bps. After 3 rate cuts in 2025, markets implied a roughly 70% probability that the Fed would implement at least 2 quarter-point cuts over the course of 2026.
Silver lining & Oil slick: spot silver prices climbed a record level. The price of silver has seen far bigger gains then the gold prices rise in 2025. US crude futures down more than 4% for the week as the commodity fell to the lowest price since mid-October.
Read more>> https://ttm.financial/news/2591643896
2. The US Sectors & Stocks - Tech, AI, Silver &precious metals Lead the Market Movements
Sectors:Financial and small-cap stocks led gains, while the market showed rotation towards value and cyclical stocks.The tech-heavy Nasdaq underperformed due to Oracle's disappointing earnings and increased AI-related spending concerns, leading to an 11% drop in Oracle's shares.
$NVIDIA(NVDA)$ saw a decline of 4.05% over the week, impacted by concerns over AI infrastructure spending and geopolitical tensions related to chip exports to China.
$Broadcom(AVGO)$ fell 7.77% after reporting strong earnings but disappointing AI sales outlook and margin forecast.
$JPMorgan Chase(JPM)$ increased of 1.10%, despite announcing higher-than-expected expenses for 2026, driven by strategic investments and inflation.
$Oracle(ORCL)$ plummeted 12.68% due to disappointing earnings and increased capital expenditure on AI infrastructure, raising investor concerns about profitability and debt financing.
$Micron Technology(MU)$ dropped 4.06% as concerns over AI-related spending and market volatility affected investor sentiment.
$Planet Labs Pbc(PL)$ surged 42.82% after reporting strong Q3 earnings and raising its full-year revenue guidance.
$WAVE Life Sciences(WVE)$ surged 121.09% following positive interim data from its Phase 1 INLIGHT trial for WVE-007, an investigational obesity treatment, showing significant body composition improvements.
$Lululemon Athletica(LULU)$ jumped 7.89% following better-than-expected Q3 earnings and the announcement of a CEO succession plan.
$Adobe(ADBE)$ rose 2.94%, driven by strong financial performance and positive market sentiment towards its AI tools.
$Tesla Motors(TSLA)$ increased 0.87%, supported by positive sentiment in the EV sector despite broader market volatility.
$Eli Lilly(LLY)$ gained 1.70% after announcing significant progress in its obesity drug trials, boosting investor confidence.
3. Hong Kong Market - HSI rebounds 3.4% amid market optimism
HSI :The $HSI(HSI)$ rebounded 3.4% last week, closing at 25,976.79 points.
HSTECH: The $HSTECH(HSTECH)$ also saw a 1.3% increase, closing at 5,638.05 points.
The market was buoyed by positive sentiment around potential economic stimulus measures and strong performances in the technology and insurance sectors.
$YOFC(06869)$ surged 34.8%. It announced a successful share placement, raising HKD 22.3 billion to expand its overseas business, which was well-received by the market.
$HSBC HOLDINGS(00005)$ saw a 5.7% increase, reaching a new all-time high. The company's market capitalization surpassed HKD 2 trillion, driven by positive market sentiment and strategic management changes.
$PING AN(02318)$ added 5.46% weekly. Morgan Stanley's early-December report reinstated Ping An to its key focus list, forecasting >15% average NBV growth over the next 3 years and operating ROE recovery to 14%-15% by 2028. Due to its "integrated finance + healthcare & elderly care" dual-wheel strategy offers higher predictability.
$SEYOND(02665)$ with its shares rising 12.1%. The company's successful listing and strong market response highlight its growth potential in the LiDAR sector.
$ZTE(00763)$ faced a significant drop of 11.7% due to its involvement in a compliance investigation by the U.S. Department of Justice, which impacted investor confidence.
$CHINA LIFE(02628)$ experienced a 0.3% increase. The company announced that its total premiums exceeded RMB 700 billion as of November 30, 2025, showcasing its strong business growth.
$SUNNY OPTICAL(02382)$ saw a slight decline of 1.7%. Despite the company's strong performance in November with a 69.4% yoy increase in vehicle lens shipments, the stock faced selling pressure.
4. Singapore Market - STI rose 1.2% amid positive developments
STI: The $Straits Times Index(STI.SI)$ increased 1.2% and closed at 4586.45. The market was buoyed by positive developments in advancements in autonomous vehicle testing and significant investments in low-carbon steel projects.
$HongkongLand USD(H78.SI)$ rallied 7.34% weekly on China stimulus hopes and expectations of policy easing in the territory's real estate sector; the surge reflects optimism that prime commercial assets will benefit from economic recovery and increased mainland visitor traffic.
$Ping An Ins HK SDR2to1(HPAD.SI)$ gained 5.2% weekly on positive sentiment around China's insurance sector recovery and Morgan Stanley's upgrade forecasting 15%+ new business value growth; the stock also benefited from broad-based buying of Chinese financials amid economic stimulus expectations.
$Prudential USD(K6S.SI)$ rose 4.46% weekly as investors rotated into Asia-exposed insurance names, anticipating improved sales momentum in Hong Kong and mainland China; the move reflects confidence in the company's Asian pivot and potential margin expansion from rising interest rates.
$OCBC Bank(O39.SI)$ increased 1.5%. OCBC's mezzanine capital division acquired an equity stake in Green Esteel to finance a $1.5 billion low-carbon steel project. This investment supports environmentally friendly steel production, potentially reducing carbon emissions by up to 80%.
5. Australian Market - XJO sees a slight increase of 0.7%
XJO: The Australian stock market $S&P/ASX 200(XJO.AU)$ rose by 0.7% and ended at 8697.3. The market showed resilience despite mid-week fluctuations, and record-high copper prices fueled mining stocks, while RBA rate hike expectations for 2026 pressured rate-sensitive assets.
$Rio Tinto Ltd(RIO.AU)$ added 1.99% weekly, LME copper's historic breakout directly benefited mining giants，UBS lithium stock upgrades triggered broad resource sector inflows.
$NATIONAL AUSTRALIA BANK LTD(NAB.AU)$ increased 3.74%, banks rallied despite rate-sensitive assets facing headwinds, market pricing in NIM expansion and profitability gains from higher rates and strong credit quality with NPLs at cyclical lows.
$ANZ GROUP HOLDINGS LTD(ANZ.AU)$ rose 3.29%. Market predictions that the Reserve Bank of Australia may raise interest rates in 2026 directly boosted the valuation of bank stocks. Record high copper prices improved Australia's terms of trade, indirectly benefiting bank stocks, which are an economic barometer.
$CSL LIMITED(CSL.AU)$ felled 2.92% weekly. As a traditional blue-chip stock, its high valuation led to a sell-off amid expectations of rising interest rates, with funds flowing from defensive sectors to cyclical and resource stocks.
$TRANSURBAN GROUP(TCL.AU)$ dropped 2.72%, Infrastructure stocks suffer as rate hike expectations lift discount rates for long-duration assets, stable cash flows but limited upside when risk appetite returns
The Week Ahead
1. Macro Factors – Key Data & Central Bank Week
Key Focus:
Delayed U.S. jobs & inflation data guide Fed’s next move after three cuts
Markets pricing in further easing; data confirmation is key
Central Banks in Focus:
BoJ: Rate hike expected (week’s key risk event)
BoE: Cut expected
ECB: Hold, with updated GDP & inflation forecasts
Market Movers:
U.S. Data: Retail sales, PMI, jobless claims
Earnings: Lennar, General Mills, Nike
Rates: U.S. & Japan bond auctions
The Big Picture:
Policy divergence widens across major central banks
BoJ decision could ripple through FX, rates, and global risk assets
Bottom Line: U.S. data shape Fed expectations; BoJ hike is the main volatility trigger this week
2. Earnings Spotlight: Nike, Micron & FedEx Lead Holiday Gauge
Monday 16 Dec
$Jabil Circuit(JBL)$ (Pre-market): Electronics-manufacturing bellwether; read-through for Apple supply chain
Tuesday 17 Dec
$Lennar(LEN)$ / $KB Home(KBH)$ (After-hours): Home-builder duo – mortgage-rate sensitivity test amid lower Treasury yields
$Accenture PLC(ACN)$ (Pre-market): Global IT spend barometer; consulting demand hints at ‘25 enterprise budgets
Wednesday 18 Dec
$Micron Technology(MU)$ (After-hours): Memory-chip cycle update – AI-capEx vs. PC/smartphone inventory
$General Mills(GIS)$ (Pre-market): Packaged-foods inflation pass-through; pantry-staple margin pulse
Thursday 19 Dec
$Nike(NKE)$ (After-hours): Nike’s China rebound & holiday sneaker sell-through – consumer discretionary yard-stick
$FedEx(FDX)$ (After-hours): Global shipping bellwether; e-commerce package volume = Christmas economy health-check
$BlackBerry(BB)$ (After-hours): Cyber-sec niche; enterprise software budget proxy
⚠️ Macro shadow: 18 Dec FOMC dot-plot drops same day as MU – chip volatility could collide with rate-cut repricing.
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