U.S. December CPI data tonight, Nikkei average on 10th is at its highest level in about 33 years | Financial Tankan on 11th

1/11 (Thursday) morning market trends (compared to the previous day)

traditional finance

• NY Dow: 37,695 +0.4%
• Nasdaq: 14,969 +0.7%
• Nikkei average: 34,441 +2%
• USD/JPY: 145.6 -0.02%
• Gold futures: 2,029 -0.1%
• NVIDIA: $543.5 +2.2%
• Apple: $186 +0.57%

The NY Dow rebounded today. The Nasdaq continued to rise slightly due to solid movements in IT and high-tech stocks.

The market was in a wait-and-see mood as the US December CPI was scheduled to be announced tonight.

• Overall month-on-month change: Previous +0.1% Forecast +0.3%
• Overall year-on-year change: Previous +3.1% Forecast +3.2%
• Core month change: Previous +0.3% Forecast +0.3%
• Core year-on-year change: Previous +4.0% Forecast +3.8%

Although the market still seems to be expecting the Fed to cut interest rates starting in March, there is a possibility that the slowdown in inflation in December will come to an end.

New York Federal Reserve Bank President William Williams said on Tuesday that interest rates are high enough to bring inflation back to the Fed’s target, but that more evidence of calming inflation is needed before cutting rates. He acknowledged that it was necessary and said, “It is necessary to maintain a policy stance that suppresses the economy.”

connection:Bitcoin market fluctuates around $3,000 due to SEC fake approval regarding ETF

Today’s main market materials are as follows:.

• Nikkei average exceeds 34,000 yen, hitting its highest level in about 33 years on the 10th
• The yen continues to fall against the dollar
• Japan’s real wages in November of last year fell sharply for the first time in seven months

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

Virtual currency related stocks

• Coinbase｜$151.2 (-0.4%)
• MicroStrategy | $565.6 (-2%)
• Marathon Digital Holdings | $25.6 (-0.4%)

Cryptocurrency-related stocks continued to fall due to the SEC’s posting of false information about Bitcoin ETFs yesterday.

Meanwhile, the SEC announced that it would approve all 11 Bitcoin ETFs for the first time after the market close on the 10th.

connection: SIM swap attack or Bitcoin ETF fake announcement behind SEC account breach

Virtual currency market

• Bitcoin: $46,383 +0.9%
• Ethereum: $2,543 +7.9%

Following the SEC’s approval of 11 Bitcoin ETF applications, Bitcoin has seen limited reaction and remains at the $46,000 level.

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

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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.

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https://t.co/9g8XugH5JJ pic.twitter.com/bpSk57VDrU

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

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