U.S. AI stocks rise, yen strengthens due to Bank of Japan governor’s remarks | 7th Financial Tankan

2 months ago 23

12/7 (Friday) morning market trends (compared to the previous day)

Traditional finance AI stocks rise

  • NY Dow: 36,117 +0.1%
  • Nasdaq: 14,339 +1.3%
  • Nikkei average: 32,858 -1.7%
  • USD/JPY: 144.1 +0.06%
  • Gold futures: 2,045 +0%
  • NVIDIA: $465.9 +2.4%
  • AMD: $128.3 +6%

Today’s NY Dow rose slightly, and the Nasdaq rebounded sharply to +$193. The US stock market has been showing signs of calm since December. Amid some criticism that expectations for next year’s US interest rate cut are too high, AI-related stocks are seeing tailwinds for the rise in AI prices, such as Google’s announcement of its next-generation AI model “Gemini” and AMD’s announcement of a new AI chip. became.

Today’s main market materials are as follows:.

  • The number of new unemployment insurance applications (for the week ending December 2nd) suggests a gradual slowdown
  • The yen continues to appreciate, with hawkish remarks by the Bank of Japan’s President and Deputy Governor reigniting speculation that negative interest rates will be lifted.
  • Spot gold market wait-and-see atmosphere; US unemployment rate (employment statistics) expected tonight

The US unemployment rate for November is scheduled to be announced tonight.

Important economic indicators/events from this week onwards

  • 12/8 (Friday) 22:15 U.S. November unemployment rate
  • 12/12 (Tue) 22:30 U.S. November Consumer Price Index (CPI)
  • 12/14 (Thu) 4:00 US FOMC policy rate announcement

connection: Bitcoin market capitalization rises to 9th place, surpassing Tesla and Berkshire, approaching 1/16th of the gold market

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

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Virtual currency related stocks

  • Coinbase | $136 (+1.1%)
  • MicroStrategy | $571 (+0.4%)
  • Robinhood Markets | $11.4 (+1.8%)
  • Marathon | $15.5 (-0.2%)

Robinhood, a major stock and cryptocurrency investment app, announced that it has launched a cryptocurrency service in the EU. Over 25 stocks are supported, including BTC, SOL, ETH, and ADA, and spot trading is available. MiCA, Europe’s comprehensive regulatory framework, seems to have provided a tailwind for European business expansion.

connectionJP Morgan CEO Dimon: “If I were in the US government, I would ban virtual currencies.”

connection:Weekly Cryptocurrency News (+Asia Special Feature) | High interest in MicroStrategy’s additional BTC purchases and Rich Dad author’s views

Virtual currency market Ether rise

  • Bitcoin: $43,253 -1.1%
  • Ethereum: $2,350 +5.4%

connection: Prediction of Bitcoin reaching $125,000 in 2024, Matrixport analysis based on halving

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

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