{"id":31769,"date":"2024-12-28T17:53:52","date_gmt":"2024-12-28T17:53:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=31769"},"modified":"2024-12-28T17:53:52","modified_gmt":"2024-12-28T17:53:52","slug":"morning-update-26-12-2024","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=31769","title":{"rendered":"Morning Update\u200a\u2014\u200a26.12.2024"},"content":{"rendered":"<h3>Morning Update\u200a\u2014\u200a26.12.2024<\/h3>\n<p>\ud83c\udf84 <strong>Morning Update\u200a\u2014\u200a26.12.2024<\/strong> \ud83c\udf05<\/p>\n<p>\ud83d\udcc8 <strong>Market Highlights<\/strong><\/p>\n<p>European trading continues the <strong>overnight rally<\/strong> seen in Wall Street\u00a0futures.<strong>US100<\/strong> is up <strong>+0.2%<\/strong>\u00a0\ud83d\udfe2<strong>US500<\/strong> remains near Tuesday\u2019s close.<strong>Tech stocks<\/strong> are extending their gains from Tuesday\u2019s strong\u00a0session.\ud83d\udd14 Most global markets are <strong>closed today<\/strong>, but <strong>Wall Street is open<\/strong> as\u00a0usual.<\/p>\n<p>\ud83c\udf1f <strong>Santa Claus Rally &amp; January\u00a0Effect?<\/strong><\/p>\n<p>Market movements suggest these phenomena might still influence trading.Both <strong>US100<\/strong> &amp; <strong>US500<\/strong> are testing <strong>historic\u00a0highs<\/strong>.<\/p>\n<p>\ud83c\uddef\ud83c\uddf5 <strong>Asia\u00a0Focus<\/strong><\/p>\n<p><strong>JAP225<\/strong>: +0.5% \ud83d\udcc8, possibly due to BoJ Governor <strong>Ueda\u2019s comments<\/strong>.Inflation risks remain <strong>high<\/strong>; rates to stay below neutral for\u00a0now.BoJ may raise rates if the economy meets forecasts.Key data from March\u2019s wage negotiations will guide decisions.<strong>CH50<\/strong>: -0.2% \ud83d\udd3b, reflecting mixed sentiment.<\/p>\n<p>\ud83d\udcb1 <strong>Currencies<\/strong><\/p>\n<p>Modest <strong>dollar weakness<\/strong>; <strong>EURUSD<\/strong> stays below\u00a0<strong>1.0400<\/strong>.The <strong>yen<\/strong> is also weakening against major\u00a0pairs.<\/p>\n<p>\ud83c\udf0f <strong>China\u2019s Economic\u00a0Updates<\/strong><\/p>\n<p><strong>World Bank<\/strong> estimates <strong>4.9% growth<\/strong> for 2024, with a slowdown to <strong>4.5%<\/strong> in\u00a02025.Lawmakers approve a <strong>VAT law<\/strong>, effective <strong>1 January\u00a02026<\/strong>.Upcoming <strong>National People\u2019s Congress<\/strong> on <strong>5 March<\/strong> may introduce new economic measures.<\/p>\n<p>\ud83d\udee2\ufe0f <strong>Commodities<\/strong><\/p>\n<p><strong>Oil<\/strong> rebounds \ud83d\udcca on hopes of a Chinese recovery.<strong>Brent crude<\/strong>: +0.25%, trading above <strong>$73\/barrel<\/strong>.<strong>Natural gas<\/strong> declines after recent gains, testing <strong>$3.5\/MMBTU<\/strong> levels.Forecast: Mild weather continues, but a <strong>cold snap<\/strong> may hit eastern US from <strong>2\u00a0January<\/strong>.<strong>Gold<\/strong> shines \u2728 with a weaker\u00a0dollar:Up <strong>+0.4%<\/strong>, trading just below <strong>$2,630\/oz<\/strong>.<\/p>\n<p>\ud83d\udcbb <strong>Crypto\u00a0Watch<\/strong><\/p>\n<p><strong>Bitcoin<\/strong> dips <strong>-0.6%<\/strong> \ud83d\udcc9, trading below <strong>98,000<\/strong> this\u00a0morning.<\/p>\n<p>Stay tuned for more updates!\u00a0\ud83d\udcca\ud83d\udcc9\u2728<\/p>\n<p><a href=\"https:\/\/medium.com\/coinmonks\/morning-update-26-12-2024-8f629973c769\">Morning Update\u200a\u2014\u200a26.12.2024<\/a> was originally published in <a href=\"https:\/\/medium.com\/coinmonks\">Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"<p>Morning Update\u200a\u2014\u200a26.12.2024 \ud83c\udf84 Morning Update\u200a\u2014\u200a26.12.2024 \ud83c\udf05 \ud83d\udcc8 Market Highlights European trading continues the overnight rally seen in Wall Street\u00a0futures.US100 is up +0.2%\u00a0\ud83d\udfe2US500 remains near Tuesday\u2019s close.Tech stocks are extending their gains from Tuesday\u2019s strong\u00a0session.\ud83d\udd14 Most global markets are closed today, but Wall Street is open as\u00a0usual. \ud83c\udf1f Santa Claus Rally &amp; January\u00a0Effect? Market movements suggest [&hellip;]<\/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-31769","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/31769"}],"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=31769"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/31769\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}