Market Snapshot: Economic Data and Corporate Updates

Stocks

* S&P 500 futures gained 0.3%
* Nasdaq 100 futures rose 0.5%
* Dow Jones Industrial Average futures dipped 0.1%
* Stoxx Europe 600 climbed 0.6%
* MSCI World Index edged up 0.1%

Currencies

* Bloomberg Dollar Spot Index declined 0.1%
* Euro slipped 0.1% to $1.0410
* British pound weakened 0.1% to $1.2438
* Japanese yen strengthened 0.7% to 154.11 per dollar

Bonds

* 10-year Treasury yield decreased two basis points to 4.51%
* Germany's 10-year yield dropped seven basis points to 2.51%
* Britain's 10-year yield declined seven basis points to 4.55%

Commodities

* West Texas Intermediate crude held steady
* Spot gold advanced 0.8% to $2,780.80 per ounce

Economic Data

* US GDP rose an annualized 2.3% in Q4 2024, below expectations of 2.6%

Corporate Highlights

* Tesla to launch robotaxi business and focus on vehicle sales growth
* Microsoft's cloud-computing growth to remain sluggish due to limited data center capacity
* Meta CEO Zuckerberg optimistic about AI strategy, predicts 2025 as a major breakthrough year
* Caterpillar anticipates slightly lower revenues in 2025 due to demand concerns

Key Events

* US personal income & spending, PCE inflation, employment cost index (Friday)