🔹 Strong Asian Session: Japanese Nikkei & Chinese Hang Seng surged nearly +1.5% 📈 as Wall Street stabilized after yesterday’s dip, triggered by the highest U.S. CPI inflation print since August 2023.
🔹 Nasdaq 100 staged a comeback, reversing a 1% intraday drop for the first time since November 2024, closing +0.12% ✅, while the S&P 500 & DJIA ended slightly lower.
📊 Cisco ($CSCO) 🚀 +6% after smashing profit expectations, raising revenue guidance, and announcing a $15B buyback 💰 — its highest level since December 2021.
🔹 Key Data Today (2:30 PM 🇺🇸)
🏭 PPI (Producer Price Inflation) & 📉 Unemployment Claims
🪙 Euro Gains 💶 as optimism rises over a Ukraine ceasefire and less aggressive U.S. trade policy. Trump signals an executive order on reciprocal tariffs, fueling hope for a U.S.-EU trade deal.
💵 USD Weakens (-0.4%), pushing 🔶 Gold (+0.3%) above $2915/oz, while silver, palladium & platinum climb ~1% 📈.
⚡ Energy Market:
🔥 Gas prices surge +3.5% to $3.6/MMBtu, while oil dips 🛢️ on higher U.S. inventories 📊 and Ukraine peace talks. Trump hints that Putin & Zelenskiy want peace, with a meeting in Saudi Arabia on the table.
🏦 Fed’s Goolsbee: Yesterday’s inflation data was worrying ⚠️, but one print isn’t enough to decide policy. If inflation stays high, rate cuts could be delayed.
💰 Crypto Check:
📉 Mixed Market Mood — but Bitcoin 🟠 recovered most losses, now near $97K!
🚀 TRUMP token surges +16%!
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.