Daily comment 10.12.2024

Stock Indices

  • S&P 500: The S&P 500 is down slightly as investors await U.S. inflation data, maintaining a cautious outlook regarding the Federal Reserve’s potential rate decisions. The bond market remains stable, with 10-year Treasury yields around 4%​

 

  • NASDAQ: The NASDAQ is performing better, driven by gains in the tech sector, especially in companies tied to artificial intelligence and semiconductors​
  • European Markets: European indices are mixed, with markets in Germany and France fluctuating as investors evaluate Eurozone economic data and European Central Bank policy signals​
  • Asian Markets: Asian markets ended the day mixed. Japan’s Nikkei gained on the back of strong corporate earnings, while Chinese markets remain under pressure due to weak economic indicators​.

Cryptocurrencies

  • Bitcoin (BTC): Bitcoin is trading around $65,800 with slight volatility. Optimism surrounding potential ETF approvals in the U.S. and the upcoming halving event is keeping demand strong​
  • Ethereum (ETH): Ethereum remains steady at around $3,600, supported by growing interest in scalability solutions and the recent approval of spot ETFs​
  • Altcoins: Solana (SOL) and Cardano (ADA) are seeing minor gains due to increased interest in DeFi and NFT projects. XRP is also up, driven by new strategic partnerships​.