Daily comment 28.11.2024

Global markets today are reflecting mixed movements:

  1. Stock Markets:
    • U.S. indices like the S&P 500 and Nasdaq opened with gains, recovering some losses from last week. Tesla’s stock jumped on news of regulatory support for self-driving vehicles, while Nvidia dipped due to concerns over its next-generation AI chips overheating​​
    • In Europe, indices were steady, with optimism fueled by potential ECB policy shifts​
  2. Cryptocurrencies:
    • Bitcoin (BTC) and Ethereum (ETH) showed slight upward trends after recent volatility. BTC hovered around $37,000, driven by renewed institutional interest, while ETH gained momentum following increased demand for staking​
    • Other cryptocurrencies like Solana (SOL) and Cardano (ADA) exhibited moderate gains, while Dogecoin (DOGE) remained flat​
  3. Asian Markets:
    • Gains were observed, supported by China’s economic measures and easing concerns over Japan’s inflation​.