11 months ago
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Market price trends in the morning of 12/13 (Wednesday) (compared to the previous day)
traditional finance
- NY Dow: 36,577 +0.5%
- Nasdaq: 14,533 +0.7%
- Nikkei average: 32,843 +0.16%
- USD/JPY: 145.4 -0.5%
- Gold futures: 1,995 +0.07%
- NVIDIA: $476.5 +2.2%
- Tesla: $237 +1.1%
Today’s US stock indexes continued to rise, with the NY Dow hitting a new year-to-date high. The Nasdaq also hit its highest since August 2022.
The November CPI (Consumer Price Index) was announced last night as expected, but with the core index still at +4.0%, the excessive expectations for an early interest rate cut by the FOMC seem to have subsided somewhat. is. The US Federal Reserve targets an inflation rate of 2%, so it is likely to keep policy interest rates at a high level for some time. “What the market wants to hear from the Fed is more confirmation that a rate cut is possible in 2024.”
What is attracting attention in the FOMC announcement is the interest rate forecast distribution map (dot plot) for 2024 and 2025.
- Overall Monthly change: Result +0.1% Previous 0.0% Forecast +0.1%
- Overall YoY: Result +3.1% Previous +3.2% Expected +3.1%
- Core Monthly change: Result +0.3% Previous +0.2% Expected +0.3%
- Core YoY: Result +4.0% Previous +4.0% Expected +4.0%
connection: Cryptocurrency-related stocks fall sharply due to Bitcoin adjustment, with US November CPI (Consumer Price Index) due tonight
Today’s main market materials are as follows:.
- Probability of interest rate cut next year decreases slightly following November US CPI
- US Treasury Secretary Janet Yellen: “I don’t think the “last mile” to get inflation back to 2% will be particularly difficult”
- Argentina devalues the official exchange rate of the peso by 54% to 1 dollar = 800 pesos under the new Millei administration
- Google loses lawsuit to gaming giant Epic Games
connection: VanEck predicts the amount of capital inflow upon approval of Bitcoin spot ETF, taking into account gold ETF cases and economic environment
Important economic indicators/events from this week onwards
- 12/14 (Thu) 4:00 US FOMC policy rate announcement
- 12/15 (Friday) 22:30 December New York Fed Manufacturing Industry Index
- 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
- 12/21 (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: Stock investment recommended for virtual currency investors, “10 representative virtual currency stocks in Japan and the United States”
connection:Learn about Bitcoin ETFs from the beginning: Explaining the advantages and disadvantages of investing and how to buy US stocks
Virtual currency related stocks
- Coinbase｜$139.6 (+1.1%)
- MicroStrategy | $558.3 (+0.4%)
- Marathon | $14.8 (+1.6%)
Cryptocurrency-related stocks such as Coinbase rebounded slightly as the NY Dow and Nasdaq continued to rise.
connection: Cryptocurrency exchange Coinbase launches “Project Diamond” for institutional investors in the Middle East
connection: Bitcoin market capitalization rises to 9th place, surpassing Tesla and Berkshire, approaching 1/16th of the gold market
Virtual currency market
- Bitcoin: $41,508 +0.8%
- Ethereum: $2,203 -0.7%
connection: Loss cut scale is 66 billion yen, one of the largest this year due to continued decline in Bitcoin, AVAX is up 21% from the previous day
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Such… pic.twitter.com/Y8dikLRBe7
— CoinPost (virtual currency media) (@coin_post) November 15, 2023
The post The persistent CPI also pushes US stock indexes to new year-to-date highs; FOMC interest rate announcement tomorrow morning | 13th Financial Tankan appeared first on Our Bitcoin News.
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