📉 Asia-Pacific Markets
The first trading session of the year sees most Asia-Pacific indices trading lower. Markets in Japan and New Zealand remain closed for New Year holidays, while China, Singapore, and Australia are open.
🇨🇳 Chinese indices are down 2.50–3.10%.
🇦🇺 The Australian AU200.cash index is up 0.66%.
📈 European Futures
European futures indicate a positive opening:
🇩🇪 DAX: +0.49%
🇪🇺 EURO STOXX 50: +0.80%
💱 Forex Market
Winners: 🇳🇿 NZD & 🇦🇺 AUD gain 0.2–0.3%.
Losers: 🇨🇦 CAD, 🇺🇸 USD, & 🇪🇺 EUR are among the weakest.
📉 China’s Manufacturing PMI
Activity slowed in December.
Caixin PMI: 50.5 (vs. 51.6 expected, 51.5 in November).
The decline reflects weaker export orders and reduced optimism about economic growth.
📊 India’s Industrial PMI
December PMI: 56.4 (lowest since Dec 2023).
Eased cost pressures and strong employment growth were offset by weaker demand.
🌍 Singapore GDP Growth
Q4 2024: +4.3% YoY (exceeding 3.8% forecast but below Q3’s 5.4%).
💬 ECB’s Inflation Target 🎯
ECB President Christine Lagarde noted significant progress on inflation reduction in 2024. She expressed optimism that the 2% target will be achieved in 2025, aligning with the ECB’s strategic plans.
📈 Crypto Market Sentiment
Risk appetite is boosting cryptocurrencies:
Bitcoin: +1.00% to $95,300
Ethereum: +1.30% to $3,400
Altcoin Market Cap: +1.10%
💼 ETF Highlights
In 2024, BlackRock’s iShares Bitcoin Trust led ETF inflows with $37 billion, outpacing Fidelity ($12 billion) and others.
🚀 Start your year informed and ready! 🌟
Morning Update (02.01.2025) was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.