NY Dow – Cryptocurrency-related stocks fall; CPI and PPI announcements to be held this week | 10th Financial Tankan

1/10 (Wednesday) morning market trends (compared to the previous day)

traditional finance

• NY Dow: 37,525 -0.42%
• Nasdaq: 14,857 +0.09%
• Nikkei average: 33,763 +1.1%
• USD/JPY: 144.4 +0.1%
• Gold futures: 2,036 +0.1%
• NVIDIA: $531.4 +1.7%
• Apple: $185.1 -0.2%

Today’s NY Dow fell for the first time in four years. The Nasdaq rose slightly due to solid movements in IT and high-tech stocks.

The December US employment report released last Friday showed the strength of the labor market, with the number of employed people far exceeding economists’ forecasts, but expectations for the Federal Reserve to cut interest rates from March remain strong. It is priced in at around 60% in the CME interest rate futures market.

connection: Bitcoin rises to the $47,000 level due to ETF listing approval speculation, new year-to-date high

Today’s main market materials are as follows:.

• In a bridge budget, the Democratic and Republican leaders of the U.S. Congress agree on the outline of the budget for fiscal year 2024 (October 2023-September 2024), making it possible to avoid a partial government shutdown on the 20th.
• Strategist at major bank HSBC warns of a mismatch between the market actively pricing in US interest rate cuts and solid economic data

connection: How to use “aggressive NISA” for young people: U.S. stocks & ETF accumulation edition

Also, this week will see the release of CPI and PPI data for December in the US, and all eyes will be on whether the slowdown in inflation continues.

Important economic indicators/events from this week onwards

• 1/11 (Thu) 22:30 US December CPI (Consumer Price Index)
• 1/12 (Fri) 22:30 US December PPI (Wholesale Price Index)
• 1/17 (Wed) 22:30 US December retail sales
• 1/25 (Thu) 22:30 U.S. 4th quarter real GDP

connection:
Learn about Bitcoin ETFs from the beginning: Explaining the advantages and disadvantages of investing and how to buy US stocks

Cryptocurrency-related stocks fall

• Coinbase｜$151.9 (-4.6%)
• MicroStrategy | $577.2 (-3.4%)
• Marathon Digital Holdings | $25.7 (-0.9%)

Marathon, the largest US Bitcoin mining company, reported over the weekend that it mined 1,853 BTC (12 billion yen) in December, an increase of 56% from November of the same year and an increase of 290% from December 2022. He explained that it was the highest amount in a month.

connection: “Possibility of over 14 trillion yen inflow into Bitcoin spot ETF this year” Analysis by Standard Chartered Bank

Virtual currency market fluctuations

• Bitcoin: $46,099 -2.1%
• Ethereum: $2,336 -0.1%

Bitcoin fluctuated wildly this morning following the SEC’s fake tweet, confusing investors.

The SEC’s official

Source: Binance

connection: U.S. SEC’s SNS account was hacked and posted a fake announcement of Bitcoin ETF approval

connection: TOP 20 virtual currency market capitalization and domestic tokens, fluctuation rate in 2023

CoinPost Special feature for virtual currency beginners

We have introduced the “Heat Map” function to the CoinPost app for investors!
In addition to important news about virtual currencies, you can also see at a glance exchange information such as the dollar yen and price movements of crypto asset-related stocks in the stock market such as Coinbase.

■Click here to download the iOS and Android versions
https://t.co/9g8XugH5JJ pic.twitter.com/bpSk57VDrU

— CoinPost (virtual currency media) (@coin_post) December 21, 2023

The post NY Dow – Cryptocurrency-related stocks fall; CPI and PPI announcements to be held this week | 10th Financial Tankan appeared first on Our Bitcoin News.