📉 Asian Markets:
Markets traded cautiously following Fed Chair Powell’s hawkish remarks.🇯🇵 Nikkei 225: +0.9% 📈 (despite weak GDP data)🇨🇳 CSI 300: Slight decline🇦🇺 ASX 200: +0.5%
📊 US Futures During Asia Hours:
Russell 2000: -0.63%Nasdaq 100: -0.51%S&P 500: -0.38%
🌍 Europe Set for Lower Open:
🇩🇪 DAX 40: -0.24%🇬🇧 FTSE 100: -0.19%
📉 Key Data Points:
🇯🇵 Japan’s Q3 GDP: Slowed to 0.9% YoY (from 2.2%), slightly beating forecasts. Private consumption strong; exports and capex weak.🇨🇳 China’s October Data:Retail sales 🌟: Above expectations (boosted by Golden Week).Industrial production & fixed asset investment: Missed forecasts.Property investment 📉: -10.3% YTD.
🇺🇸 Trump Victory Ripple Effects:
Markets remain cautious amid trade war fears as Trump proposes 60% tariffs on Chinese imports.
📉 Wall Street Futures:
Declined as Powell’s hawkish tone scaled back rate-cut expectations (61% chance of December cut vs. 85.7% yesterday).
💰 Crypto Watch:
Bitcoin: -2.6%, now at $87,634 (off $93,226 high earlier this week).Ethereum: Trading at $3,060.
💵 Forex & Yields:
USD: Near one-year highs as Treasury yields rise.USDJPY: Crossed 156 after weak Japanese GDP raised dovish BoJ bets.
🛢️ Commodities:
Oil:Brent: $71.91WTI: $68.08
Weekly losses: -2.7% (Brent), -3.3% (WTI).
IEA warns of 2025 supply glut despite stable demand forecasts.Gold: $2,566 📉 (headed for worst week since June 2021, down 4.3%).
⚖️ Corporate News:
Eli Lilly sues U.S. over 340B drug discount program changes, joining Johnson & Johnson.
📅 Upcoming Events:
UK Q3 GDPU.S. Retail SalesSpeeches: Fed’s Collins, ECB’s McCaul, Riksbank’s ThedeenNetflix: Tyson vs Paul boxing match 🥊 tonight.
🌾 Southeast Asia Highlights:
🇮🇩 Indonesia October Trade Data: Exports +10.25% YoY (boosted by agriculture).🇲🇾 Malaysia Q3 GDP: +5.3% YoY (matching estimates, but down from Q2’s 5.9%).
📢 Stay sharp and informed! 🌟
🚀 Morning Wrap (15.11.2024) 🌏 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.