📊 Asia-Pacific Markets
Asian indices show mixed trends today:
📈 Chinese indexes are up 1.70–2.00%.
📉 Japanese Nikkei 225 has dropped 0.60% to 39,000 points.
📉 Singapore’s SG20cash contracts are down 0.50%.
📉 Australia’s AU200.cash index is trading 0.60% lower.
💱 Forex Highlights
Top gainers this morning:
🟢 NZD & AUD: +0.3–0.5%.
🔵 Modest gains for JPY & USD: +0.2–0.4%.
🏦 Reserve Bank of India (RBI)
🛑 Held key policy rate at 6.50% (unchanged).
🔻 Cut Cash Reserve Ratio (CRR) by 50 bps to 4.0% to improve liquidity.
📉 Revised India’s FY25 GDP growth forecast to 6.6% (previously 7.2%).
📉 Japan: Household spending declined by -1.3% YoY in October (better than expected).
📈 Commodities
Gold: +0.30% to $2,630/oz.
Silver: +0.10% to $31.30/oz.
Oil (WTI): -0.15% to $68.35/barrel.
📋 Key Data Today
🕑 US NFP Report at 2:30 PM — watch for labour market trends!
🤖 Tech & Crypto News
David Sacks, early PayPal exec & Musk ally, joins Trump to lead efforts in AI & crypto technologies.
South Korea: Tensions rise as impeachment discussions swirl around President Yoon Suk Yeol over martial law controversy.
💰 Cryptocurrency Update
🟩 Bitcoin: +1.00% to $98,000, rebounding after a late dip to $97,000.
🟩 Ethereum: +3.25% to $3,900.
Stay tuned for more updates! 🚀
🌅 Morning Update (06.12.2024) was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.