11 months ago
69
12/15 (Friday) morning market trends (compared to the previous day)
traditional finance
- NY Dow: 37,248 +0.4%
- Nasdaq: 14,761 +0.2%
- Nikkei average: 32,686 -0.7%
- USD/JPY: 141.9 -0.4%
- Gold futures: 2,051 +0.0%
- NVIDIA: $483.5 +0.5%
- Apple: $198 +0.07%
Today’s NY Dow continued its rise from the previous day and hit a new high. Additionally, the S&P 500 index was close to its all-time high. Yesterday’s policy announcement by the US Federal Open Market Committee (FOMC) hinted at at least three interest rate cuts next year and expectations for a soft landing have further pushed up risk assets. On the other hand, there were also signs of a shift in profits.
Source: Google
connection: FOMC suggests dovish shift; US stocks and Bitcoin rise across the board due to predictions of multiple interest rate cuts next year
Yesterday’s FOMC statement/Chairman Powell’s remarks
- Economic activity growth slows from strong pace in 3Q; inflation eases but remains high
- This is the first time since March 2021, during the coronavirus pandemic, that the dot plot median forecast did not indicate an outlook for further interest rate hikes.
- Chairman: “We are not ruling out the option of further interest rate hikes, but interest rate cuts are starting to come into view.”
Today’s main market materials are as follows:.
- US retail sales in November rose 0.3% from the previous month, exceeding expectations by 0.1% due to holiday sales season
- U.S. money market funds (MMFs) have seen their assets fall by about $11.6 billion from their record high since October, with a potential shift to risky assets amid expectations for interest rate cuts
- U.S. Treasury yields continue to fall as FOMC policy turns dovish
- Dollar depreciation, dollar yen to 141 yen level
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
- 12/15 (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: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｜$153.6 (+2%)
- MicroStrategy | $582 (-0.6%)
- Marathon | $17.8 (+6.3%)
Coinbase continued its rise and returned to its highest price since April 2022.
connection: Coinbase to start virtual currency spot trading for institutional investors on offshore exchange
Source: Google
connection: Bitcoin market capitalization rises to 9th place, surpassing Tesla and Berkshire, approaching 1/16th of the gold market
Virtual currency market Bitcoin maintained at $43,000 level
- Bitcoin: $43,101 +0.1%
- Ethereum: $2,325 +2.7%
Regarding the virtual currency Ethereum, analysts at JPMorgan have expressed the view that ETH is likely to outperform Bitcoin and other major cryptocurrencies in 2024.
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 US stocks continue to rise on expectations for interest rate cuts next year; Coinbase stock price hits highest since April 2022 | 15th Financial Tankan appeared first on Our Bitcoin News.
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