Investors head into what for many will be the last full trading week of the year expecting more stimulative U.S. interest rate cuts but rattled by emerging dissent over how governments should boost ailing economies.The price of oil, meanwhile, is likely to be in particular focus with oil-producing nations meeting to discuss supply cuts at a time when lower prices are one of the few areas of easing pressure on monetary authorities.
Investors needed no new stress after a year which has seen the global banking model break down, the value of stocks halve, lending freeze up and volatility soar, but the new wrinkle is squabbling among authorities about how to proceed.
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