Daily comment 11.12.2024

Stock Indices

  • S&P 500: The S&P 500 is stable today, with investors cautious ahead of key U.S. inflation data. Gains in the tech sector offset weaknesses in financials and energy stocks.
  • NASDAQ: The NASDAQ is slightly up, driven by growth in artificial intelligence and semiconductor stocks​

  • European Markets: European markets are mixed, with France and Germany experiencing slight declines due to growth concerns​
  • Asian Markets: Asian markets closed with mixed results. Japan’s Nikkei rose on strong earnings reports, while Chinese indices remain under pressure from weak economic data​

Cryptocurrencies

  • Bitcoin (BTC): Bitcoin trades around $66,000, showing resilience despite volatility. Positive sentiment is fueled by potential approval of a Bitcoin ETF in the U.S.​

  • Ethereum (ETH): Ethereum holds steady around $3,600, supported by ongoing interest in Layer 2 scaling solutions​
  • Altcoins: Solana (SOL) and Cardano (ADA) are seeing moderate gains due to increased activity in DeFi and NFTs​. XRP also shows positive movement driven by strategic partnerships and network upgrades​