Daily comment 6.11.2024

Stock Indices

  • S&P 500: The S&P 500 is slightly down today as investors await new U.S. inflation data. Tech stocks remain stable, while the financial sector is showing minor losses.
  • NASDAQ: The NASDAQ is slightly up, supported by gains in the tech sector, particularly among artificial intelligence companies.
  • European Markets: European markets are mixed after Eurozone growth data showed signs of slowing. The energy sector is down, while pharmaceutical stocks are on the rise.
  • Asian Markets: Asian markets closed mixed. Japan’s Nikkei rose on the back of strong corporate earnings, while Chinese markets remain under pressure due to regulatory changes.

Cryptocurrencies

  • Bitcoin (BTC): Bitcoin is trading around $35,800 with minimal fluctuations. Expectations of upcoming U.S. regulations continue to influence the market.
  • Ethereum (ETH): Ethereum holds steady at around $1,880, with increased interest in Layer 2 scaling solutions supporting the asset.
  • Altcoins: Solana (SOL) and Polkadot (DOT) are seeing moderate gains, driven by growing interest in DeFi applications and NFT projects.