Daily comment 3.12.2024

Stock Indices

  • S&P 500: The S&P 500 is slightly up, led by gains in the tech sector. Investors remain optimistic ahead of U.S. inflation data, which could provide insights into future Federal Reserve policies.
  • NASDAQ: The NASDAQ is also climbing, with AI-related stocks showing strong performance and contributing to the index’s rise.
  • European Markets: European indices are steady after the European Central Bank signaled it might keep interest rates unchanged for an extended period. However, the energy sector is slightly down.
  • 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 weak economic growth data.

Cryptocurrencies

  • Bitcoin (BTC): Bitcoin is trading around $35,500, showing stability after a minor rally in recent days. Expectations for regulatory changes in the U.S. are influencing market sentiment.
  • Ethereum (ETH): Ethereum is holding around $1,870, supported by interest in network scalability upgrades. Investors continue to show confidence in the asset’s long-term potential.
  • Altcoins: Altcoins like Polkadot (DOT) and Solana (SOL) are posting modest gains, driven by increased interest in DeFi and NFT projects.