Morning Update (23.12.2024)<\/p>\n
\ud83d\udcc8 Asian Markets Rally
Asian stocks surged after softer U.S. PCE inflation data boosted hopes for policy\u00a0easing:<\/p>\n
\ud83c\udf0f MSCI Asia-Pacific ex-Japan: +0.3%
\ud83c\uddf0\ud83c\uddf7 South Korea: +1.3%
\ud83c\uddf9\ud83c\uddfc Taiwan: +2.6%
\ud83c\uddef\ud83c\uddf5 Japan\u2019s Nikkei: +1.2%, driven by reports of a potential Honda-Nissan merger targeting completion by June 2025.
\ud83d\udcc9 Emerging Market Outflows
Emerging markets saw heavy outflows last\u00a0week:<\/p>\n
\ud83d\udcb5 Bond funds: -$1.5B (Hard currency bonds: -$1B)
\ud83d\udcca Equity funds: -$4.6B (ETFs: -$3.1B)
Year-to-date: Bonds (-$28.2B), Equities (-$30.3B).
\ud83c\uddf8\ud83c\uddec Singapore Inflation Falls
Core inflation in Singapore eased to 1.9% in November \ud83d\udcc9, the lowest since 2021 and below the forecast of 2.1%. Analysts believe the Monetary Authority of Singapore (MAS) might delay policy changes until later in 2025 amid global uncertainties.<\/p>\n
\ud83d\ude97 Honda-Nissan Merger Buzz
Reports suggest Honda and Nissan could finalise merger terms by June 2025, potentially joined by Mitsubishi Motors. If successful, the alliance would form the world\u2019s third-largest automaker \ud83d\ude98, addressing challenges in overseas sales and EV\u00a0markets.<\/p>\n
\ud83d\udcb5 Currencies & Dollar\u00a0Watch<\/p>\n
The dollar held near two-year highs.
USD\/JPY: 156.59
USD\/CNY: Hit one-year highs.
\ud83c\uddee\ud83c\uddf3 Indian rupee stabilised after record lows above 85.
\ud83c\uddf8\ud83c\uddec Singapore dollar steady ahead of inflation data.
\ud83d\udee2\ufe0f Oil\u00a0Update<\/p>\n
Brent: $73.29 \u2b06\ufe0f
WTI: $69.86 \u2b06\ufe0f
Concerns over a supply surplus limit gains, while Sinopec forecasts China\u2019s oil demand peaking in 2027. Druzhba pipeline resumed operations, easing European worries.
\ud83c\udfc5 Metals\u00a0Recap<\/p>\n
Gold: $2,626 (+0.2%) \ud83d\udfe1
Silver: $30.14 (+0.6%)
Platinum: $940.15 (+0.8%)
\ud83d\udcc9 Crypto\u00a0Slump<\/p>\n
Bitcoin fell over 7% to $94,344 \ud83d\udcc9, marking its first weekly decline since Trump\u2019s election.
Ethereum: $3,288
Despite short-term volatility, analysts remain bullish on crypto for Q1 2025.
\ud83c\udf0d Diplomatic Sparks
President-elect Trump\u2019s comments on reasserting U.S. control over the Panama Canal triggered sharp criticism from Panama\u2019s President Mulino, raising concerns over potential shifts in U.S. foreign policy \ud83c\uddfa\ud83c\uddf8\ud83e\udd1d\ud83c\uddf5\ud83c\udde6.<\/p>\n
Stay tuned for more updates!\u00a0\ud83d\udcf0<\/p>\n
Morning Update (23.12.2024)<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Morning Update (23.12.2024) \ud83d\udcc8 Asian Markets RallyAsian stocks surged after softer U.S. PCE inflation data boosted hopes for policy\u00a0easing: \ud83c\udf0f MSCI Asia-Pacific ex-Japan: +0.3%\ud83c\uddf0\ud83c\uddf7 South Korea: +1.3%\ud83c\uddf9\ud83c\uddfc Taiwan: +2.6%\ud83c\uddef\ud83c\uddf5 Japan\u2019s Nikkei: +1.2%, driven by reports of a potential Honda-Nissan merger targeting completion by June 2025.\ud83d\udcc9 Emerging Market OutflowsEmerging markets saw heavy outflows last\u00a0week: \ud83d\udcb5 Bond […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-30541","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30541"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30541"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30541\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}