\ud83d\udcc9 Asia-Pacific Markets
The first trading session of the year sees most Asia-Pacific indices trading lower. Markets in Japan and New Zealand remain closed for New Year holidays, while China, Singapore, and Australia are\u00a0open.<\/p>\n
\ud83c\udde8\ud83c\uddf3 Chinese indices are down 2.50\u20133.10%.
\ud83c\udde6\ud83c\uddfa The Australian AU200.cash index is up 0.66%.
\ud83d\udcc8 European Futures
European futures indicate a positive\u00a0opening:<\/p>\n
\ud83c\udde9\ud83c\uddea DAX: +0.49%
\ud83c\uddea\ud83c\uddfa EURO STOXX 50: +0.80%
\ud83d\udcb1 Forex\u00a0Market<\/p>\n
Winners: \ud83c\uddf3\ud83c\uddff NZD & \ud83c\udde6\ud83c\uddfa AUD gain 0.2\u20130.3%.
Losers: \ud83c\udde8\ud83c\udde6 CAD, \ud83c\uddfa\ud83c\uddf8 USD, & \ud83c\uddea\ud83c\uddfa EUR are among the weakest.
\ud83d\udcc9 China\u2019s Manufacturing PMI
Activity slowed in December.<\/p>\n
Caixin PMI: 50.5 (vs. 51.6 expected, 51.5 in November).
The decline reflects weaker export orders and reduced optimism about economic growth.
\ud83d\udcca India\u2019s Industrial PMI<\/p>\n
December PMI: 56.4 (lowest since Dec 2023).
Eased cost pressures and strong employment growth were offset by weaker demand.
\ud83c\udf0d Singapore GDP\u00a0Growth<\/p>\n
Q4 2024: +4.3% YoY (exceeding 3.8% forecast but below Q3\u2019s 5.4%).
\ud83d\udcac ECB\u2019s Inflation Target \ud83c\udfaf
ECB President Christine Lagarde noted significant progress on inflation reduction in 2024. She expressed optimism that the 2% target will be achieved in 2025, aligning with the ECB\u2019s strategic plans.<\/p>\n
\ud83d\udcc8 Crypto Market Sentiment
Risk appetite is boosting cryptocurrencies:<\/p>\n
Bitcoin: +1.00% to $95,300
Ethereum: +1.30% to $3,400
Altcoin Market Cap: +1.10%
\ud83d\udcbc ETF Highlights
In 2024, BlackRock\u2019s iShares Bitcoin Trust led ETF inflows with $37 billion, outpacing Fidelity ($12 billion) and\u00a0others.<\/p>\n
\ud83d\ude80 Start your year informed and ready!\u00a0\ud83c\udf1f<\/p>\n
Morning Update (02.01.2025)<\/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":" \ud83d\udcc9 Asia-Pacific MarketsThe first trading session of the year sees most Asia-Pacific indices trading lower. Markets in Japan and New Zealand remain closed for New Year holidays, while China, Singapore, and Australia are\u00a0open. \ud83c\udde8\ud83c\uddf3 Chinese indices are down 2.50\u20133.10%.\ud83c\udde6\ud83c\uddfa The Australian AU200.cash index is up 0.66%.\ud83d\udcc8 European FuturesEuropean futures indicate a positive\u00a0opening: \ud83c\udde9\ud83c\uddea DAX: +0.49%\ud83c\uddea\ud83c\uddfa […]<\/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-32674","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32674"}],"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=32674"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32674\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}