Morning Update (13.01.2025)
📉 Asia-Pacific Indices:
Markets in the region are off to a weaker start, reacting to Friday’s US stock market decline following strong jobs data (NFP):
🇨🇳 Chinese indices (CH50cash, CHN.cash, HK.cash) are flat, trading around 0.0%.
🇯🇵 Japan’s JP225 is down 0.95% to 38,420 points.
🇸🇬 Singapore’s SG20cash drops 0.22%.
🇦🇺 Australia’s AU200cash slides 0.59%.
📉 European Futures:
Futures point to a lower open in Europe:
🇩🇪 DAX: -0.30%
🇬🇧 UK100: -0.20%
🇪🇺 EU50: -0.40%
💵 Dollar & Yields Pressure:
The US Dollar Index climbs 0.20% to 109.693, its highest since November 2022.
US 10-year Treasury yields hit 4.76%, their highest since October 2023.
📉 US Index Futures:
Continuing last week’s losses, the US market remains under pressure.
📊 ECB Update:
🇪🇺 Philip Lane (ECB Chief Economist) expects economic recovery and better consumption in 2025, hinting at monetary easing. Diverging ECB and Fed policies are dragging EUR/USD down 0.30% to 1.02171.
📅 Key Focus of the Week:
All eyes on the US CPI report this Wednesday. Higher inflation could sustain current market dynamics.
🛢️ Oil:
Tighter US and UK sanctions on 🇷🇺 Russian oil are fueling price hikes.
Crude oil gains 2.00% today to $81.33/barrel.
🏦 Fed Rate Expectations:
Markets now predict rate cuts only in Q4 2025, with just ~26 basis points priced for the year.
💰 Bitcoin:
BTC faced weekend resistance at $95,000, sliding 0.65% to $93,800 as market sentiment weakens.
Stay tuned for mid-day updates! 🚀
Morning Update (13.01.2025) was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.