📈 Stocks / Finance

Oil prices climb amid cautious optimism

Reuters

Oil prices rose slightly in pre-Christmas trade, with Brent at $73.05 and WTI at $69.62. Analysts noted stability due to low holiday market activity but warned of potential volatility from supply disruptions. China's fiscal stimulus and strong U.S. economic data further supported prices.

Tech gains drive Wall Street rebound

Reuters

Megacap tech stocks propelled Wall Street to gains, with the Nasdaq up 0.98%. Qualcomm rose 3.5% after a legal victory, and Eli Lilly climbed 3.7% on FDA approval of its sleep apnea drug. Despite reduced holiday trading volume, markets are poised for a potential "Santa Claus Rally."

Nvidia faces growing pains amid Blackwell transition

Yahoo Finance

Nvidia stock has dipped 5.72% over the past month as it grapples with challenges transitioning to its AI chip, Blackwell. Analysts attribute these struggles to execution issues, China-related concerns, and market forces. Despite short-term volatility, Blackwell's rollout in 2025 is expected to drive significant growth.

🪙 Crypto

Largest Bitcoin options expiry highlights market leverage

CoinDesk

A record $14 billion in Bitcoin options is set to expire Friday, representing 44% of open interest on Deribit. $4 billion of these contracts may expire in-the-money, amplifying volatility. While BTC shows upside leverage, stalling momentum raises risks; ETH signals a bearish outlook.

🌎 Global Economy

OECD fossil fuel finance deal stalls

Reuters

Efforts by OECD nations, including the EU and US, to limit export-credit financing for fossil fuel projects have collapsed, Bloomberg reports. While transparency goals remain, a deal curbing hydrocarbon funding appears unlikely. Negotiations may continue into January, per officials.

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