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

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

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
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— CoinPost (virtual currency media) (@coin_post) November 15, 2023

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