🌅 Morning Wrap (13.12.2024) 📉 Asian markets slump after Wall Street losses, with China leading the decline: 🇭🇰 Hang Seng: -1.9% 🇯🇵 Nikkei: -1.3% 🇨🇳 CSI 300: -2% 📈 Bright spot: South Korea's 🇰🇷 KOSPI edges up +0.3%. 💼 China's Economic Work Conference underwhelms markets: State media hints at higher deficits and looser policy. Analysts call measures insufficient. ANZ projects 4.9% GDP growth for 2024 but flags property market risks. ⚖️ SEC targets Neuralink: 48-hour deadline for settlement over undisclosed charges. Musk's lawyer brands it "harassment" in a letter to SEC Chair Gensler. 💶 ECB moves: Cuts rates by 25bps; some policymakers pushed for a larger 50bps cut. Markets expect slower Fed easing in 2025. 💵 Dollar strengthens, hitting a 2.5-week high against major currencies. 📊 Fed meeting ahead: 96.4% chance of a 25bps cut next week. January cut odds fall to 20% as inflation remains sticky. USDJPY 🚀 152.9; EURUSD ⚖️ 1.04635. 🛢️ Oil stabilises: Brent: $73.48 WTI: $69.68 Heading for first weekly gain since November. IEA raises 2025 demand forecast but warns of surplus. 🥇 Gold steady at $2,687, holding weekly gains on geopolitical tensions. 🥉 Copper drops to $9,093 as China's stimulus disappoints. 📊 Japan's Tankan survey reflects improved sentiment, but firms remain cautious. BOJ likely to hold rates next week amid global uncertainties. 🇰🇷 South Korea's political drama: Parliament prepares impeachment vote against President Yoon over martial law declaration. Markets rattled by uncertainty. 🗓️ Looking ahead: Focus on Fed meeting next week. Key data: 🇬🇧 UK GDP and 🇪🇺 Eurozone industrial production due Friday. 🚨 Stay tuned for more updates! 🚨