📈 Asia-Pacific Markets:
Most indices in the region are trading with a positive sentiment:
🇨🇳 CH50cash: +0.71%🇯🇵 JP225: +0.35% to 39,000 points🇸🇬 SG20cash: +0.04%🇦🇺 AU200cash: +0.55%
📊 European Futures:
Futures point to a higher opening for European indices:
🇩🇪 DAX: +0.17%, holding above 21,700 points🇬🇧 UK100: +0.23%🇪🇺 EU50: +0.14%
🏦 Key Event of the Day:
The Bank of England is set to announce its interest rate decision today. Analysts expect a 25 basis point cut to 4.50%.
💱 Currencies:
🥇 The strongest currency in G10 so far is the Japanese yen, followed by the US dollar, which is rebounding after yesterday’s sharp drop. The USDJPY is down 0.09% to 152.4200.🥈 The weakest performer is the New Zealand dollar.
🌐 Geopolitical Updates:
🇺🇸 US Defence Secretary Pete Hegseth will visit Panama in April to discuss strategies against illegal migration and drug trafficking.🚢 The Panama Canal Authority has rejected claims that US government ships could pass without fees, potentially escalating tensions after former President Trump’s control threats.
🏦 Bank of Japan Update:
Naoki Tamura of the BOJ remarked that the terminal rate remains uncertain and emphasized there’s no fixed timeline for rate hikes, despite previous comments about hitting 1% by fiscal year-end.
💬 US Fed Update:
🇺🇸 Federal Reserve Vice Chair Philip Jefferson expressed contentment with keeping rates steady. Even with a potential 100 bps cut in H2 2024, policy will remain restrictive to curb inflation.
🥇 Commodities:
Gold: +0.10% to 2,870 USD per ounceSilver: +0.15% to 32.30 USD
🪙 Crypto Market:
After yesterday’s Wall Street-induced decline, crypto markets are rebounding today:
₿ Bitcoin: +1.60% to 98,100 USD🪙 Ethereum: +1.86% to 2,840 USD📈 Altcoins Market Cap: +2.10% to 890 billion USD
Stay tuned for further updates! 📢
Morning Update (06.02.2025) was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.