11 months ago
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12/19 (Tuesday) morning market trends (compared to the previous day)
traditional finance
- NY Dow: 37,306 +0.002%
- Nasdaq: 14,904 +0.6%
- Nikkei average: 32,758 +0.6%
- USD/JPY: 142.7 +0.3%
- Gold futures: 2,041 +0.2%
- NVIDIA: $500.7 +2.4%
- US Steel: $49.5 +26%
Although the NY Dow remained flat today, it continued to rise and hit a new high. Last night, Nippon Steel’s agreement to acquire US steel giant US Steel for approximately $15 billion was well received and the stock rose significantly. The NY Dow appears to have been supported by US Steel and other M&A news. Also, it is attracting attention that semiconductor giant Nvidia has returned to the $500 level.
At present, the market is still looking forward to next year’s scenario of interest rate cuts (three or more times), and is continuing to trend steadily without taking much notice of the restraining opinions of some FOMC members.
connection: U.S. Nasdaq 100 index hits new high; two Fed presidents put a check on expectations for interest rate cuts
On the same day, Chicago Fed President Goolsby said in an interview with CNBC that the US Federal Reserve should not act based on how the stock market will react, following the hawkish New York Fed President Williams last week, in an effort to curb expectations for interest rate cuts. He said something like this. Additionally, Cleveland Fed President Mester and San Francisco Fed President Daley each said in interviews on the same day that expectations of a rate cut in the first half of next year are premature.
connection: FOMC suggests dovish shift; US stocks and Bitcoin rise across the board due to predictions of multiple interest rate cuts next year
The US stock market will be closed for Christmas next week on the 25th (Monday).
Today’s main market materials are as follows:.
- US bond futures trading is thin, yields rise slightly
- Dollar yen rises Negative interest rates are expected to remain as they are High expectations for policy to remain unchanged
- Oil rebounds, Bitcoin rises due to geopolitical risks after attack on Red Sea ship
connection: VanEck predicts the amount of capital inflow upon approval of Bitcoin spot ETF, taking into account gold ETF cases and economic environment
connection: “Bitcoin will reach $80,000 in 2024” Bitwise makes a bullish prediction for the virtual currency market
Important economic indicators/events from this week onwards
- 12/19 (Tuesday) Morning Bank of Japan Monetary Policy Decision Policy Interest Rate Announcement
- 12/19 (Tue) 15:30 Regular press conference by Bank of Japan Governor Kazuo Ueda
- 12/20 (Tue) Announcement of People’s Bank of China’s loan prime rate (lending interest rate index)
- 12/21 (Thursday) 22:30 U.S. quarterly real gross domestic product (GDP, final value)
- 12/22 (Fri) 22:30 US November personal consumption expenditure (PCE deflator)
connection:Learn about Bitcoin ETFs from the beginning: Explaining the advantages and disadvantages of investing and how to buy US stocks
Cryptocurrency-related stocks rebound
- Coinbase｜$153.4 (+3.7%)
- MicroStrategy｜MicroStrategy Dollar (+0.2%)
- Marathon | $19.8 (+8.6%)
connection：Bitcoin’s weekly negative line for the first time in 9 weeks, what is the likely downside price if it falls to the $30,000 level?
Virtual currency market rebound
- Bitcoin: $42,652 +2.6%
- Ethereum: $2,220 +0.5%
connection: “Ethereum is expected to outperform Bitcoin’s growth rate” JP Morgan forecast for next year
CoinPost Special feature for virtual currency beginners
CoinPost official app (1.7.15) has been released on iOS and Android
・iOS17 compatible
・Improved display of in-app WebView
・Improved behavior when tapping notifications
Such… pic.twitter.com/Y8dikLRBe7
— CoinPost (virtual currency media) (@coin_post) November 15, 2023
The post Significant rise in US Steel, virtual currency related stocks, etc. Today’s Bank of Japan monetary policy decision | 19th Financial Tankan appeared first on Our Bitcoin News.
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