US homebuilder sentiment inches up to eight-month high December

Gold prices have steadied after a five-day rally, as investors are closely monitoring upcoming US economic data that may influence the Federal Reserve's decisions on interest rates. This pause in gold's upward momentum comes amid anticipation of potential rate cuts by the Fed.

Allogene's stock has seen a rise following a favorable arbitration ruling that reaffirms the company's rights over a cancer therapy, confirming its control in the oncology market. This decision is viewed as a significant endorsement of Allogene's intellectual property rights and operational capabilities.

Asian equities opened with a modest decline as investors adopted a cautious approach ahead of the release of critical US economic data, which is expected to provide insights into future interest rate movements. The Japanese yen, however, gained strength during this period.

The U.S. dollar has edged lower against the yen during a week filled with significant economic data releases and central bank decisions, reflecting market uncertainty. This decline comes as traders prepare for potential interest rate changes from the Federal Reserve, which could further influence currency valuations.

Bets against the US dollar, commonly referred to as the greenback, are increasing as investors prepare for a significant release of US economic data. This trend reflects a cautious sentiment in the markets, with many anticipating potential shifts in monetary policy based on upcoming indicators.

Venezuela's state oil company PDVSA has recently suffered a cyberattack, leading to significant disruptions in operations and causing tankers to make abrupt U-turns amid rising tensions with the United States.

The United States has paused its £31 billion tech prosperity deal with Britain, citing insufficient progress on resolving trade barriers. This decision represents a significant setback in US-UK relations, particularly as the deal was initially celebrated as a transformative step in bilateral cooperation during Donald Trump's presidency.

The United States has requested that the European Union exempt its liquefied natural gas (LNG) from a proposed methane emissions law, as revealed in a recent document. This demand comes amid ongoing discussions about energy supply and environmental regulations, highlighting the complexities of transatlantic energy relations.