Key Events Around the Globe: Dec 30

U.S. Pending Home Sales Surge Much More Than Expected In November

A report released by the National Association of Realtors on Monday showed pending home sales in the U.S. shot up by much more than expected in the month of November. NAR said its pending home sales index spiked by 3.3 percent to 79.2 in November after surging by 2.4 percent to an upwardly revised 76.7 in October. Economists had expected pending home sales to climb by 0.8 percent compared to the 1.9 percent jump originally reported for the previous month.

BoJ Summary Signals More Rate Hikes To Support Economy & Curb Inflationary Pressures

Policymakers of the Bank of Japan said the real policy interest rate remains the lowest globally and it is desirable to steadily raise the rate to support economy and curb inflationary pressures, the summary of opinions at the monetary policy meeting held on December 18 and 19 showed Monday.

At the meeting, the board unanimously decided to hike the uncollateralized overnight call rate to “around 0.75 percent” from “around 0.5 percent.” The interest rate has reached the highest level since 1995. Previously, the BoJ had lifted the benchmark rate by 25 basis points in January 2025. Members said it is possible that there will be a shift in the overseas environment from this year’s tendency toward cutting policy interest rates to a tendency toward raising the rates next year

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.  

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.  

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations