Bloomberg: News

• Oil Holds Gain on China Stimulus, US Stockpiles Drop

  Oil ticked higher in light holiday trading, buoyed by fiscal stimulus measures in China and a US industry report signaling another drop in domestic stockpiles.

• Bond Market to Keep DC, Deficit in Check in 2025: Tchir

  Peter Tchir, head of macro strategy at Academy Securities, says a 5% yield on the 10-Year US Treasury is “pretty realistic,” depending on which policies of President-elect Donald Trump actually get implemented. (Source: Bloomberg)

• Stocks Lose Steam After Rally as Bond Yields Climb: Markets Wrap

  Stocks struggled to gain traction in a quiet post-holiday session, with mixed jobless claims data doing little to alter bets on the Federal Reserve rate outlook.

• US Weekly Jobless Claims Fall Below Estimates at 219,000

  Applications for US unemployment benefits fell by 1,000 to 219,000 last week, while continuing claims rose to 1.91 million, the highest in over three years. Joe Brusuelas, chief economist at RSM, examines the data. (Source: Bloomberg)

• Azeri Plane Hit by Russia Air Defense Before Crash, Caliber Says

  Azerbaijan Airlines’ Embraer SA 190 aircraft was damaged by Russian air defense systems near Grozny before it crashed in Kazakhstan during an attempted emergency landing, according to Azerbaijan government-backed Caliber news website.