Posted 12/27/2023, 9:59:00 AM
Markets Eye Strong 2023 Close as SoftBank Reaps T-Mobile Rewards, China Profits Soar, Toyota Sales Accelerate
- Futures flat in final trading week of 2023, with major indices poised for double-digit annual gains
- SoftBank to receive $7.59B windfall in T-Mobile shares as part of Sprint/T-Mobile merger conditions
- China's industrial profits surged 29.5% in November, adding to signs of economic recovery
- Toyota global sales on pace to top 10M in 2023, a new record, after 27% jump in Japan sales in November
- Oil prices edge lower but remain supported by Middle East tensions affecting Red Sea shipping