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Swiss authorities are set to release a crucial report on their oversight of Credit Suisse's collapse, which led to its acquisition by UBS in 2023. The findings are expected to prompt discussions on stricter regulations for systemic banks, particularly regarding capital requirements, despite UBS's resistance. Early leaks indicate that FINMA and the Swiss National Bank may face scrutiny for their inaction, potentially reshaping the regulatory landscape without direct consequences for UBS.
The Nasdaq remains in a strong uptrend, with key support levels at 19,000 and 21,000, despite potential rate cut implications from core CPI data. The ASX 200 faces fluctuations influenced by China's stimulus and the RBA's dovish stance, with a possible pullback to 8200 if support at 8350 is breached.The Australian dollar is under pressure, trading below $0.64, while Bitcoin recently peaked at 103,000 but is expected to pull back to around 90,000, with year-end predictions around 95,000. Gold's rally is inconsistent, with traders eyeing buying opportunities near the 200-day moving average around 2500.
IG
Dogecoin has experienced a price pullback, remaining in a consolidation phase after a recent rally. Analysts remain optimistic, with predictions suggesting a potential rise to $3 in the short term and $18 in the long run, despite current market challenges. Key support levels and technical patterns indicate a possible bullish breakout, although risks persist with the formation of a head and shoulders pattern.
UBS outlines a potential new trade war timeline for 2025, divided into phases: the "tweet phase" is ongoing, followed by the "imposition phase" starting in Q1, where tariffs will be legally prepared, and the "impact phase" from Q2, affecting trade volumes and economic growth. Ongoing negotiations are expected, with global market responses shaping the conflict's trajectory. Emerging market currencies, particularly the yuan, may face volatility, while extensive tariffs could risk stagflation, although moderate inflation is anticipated.
MicroStrategy has purchased 21,550 Bitcoin for $2.1 billion at an average price of $98,783 each, bringing its total holdings to 423,650 BTC valued at $25.6 billion. Co-founder Michael Saylor remains bullish, predicting he will buy Bitcoin even at $1 million per coin and urging the U.S. government to sell its gold reserves to invest in Bitcoin as a hedge against inflation.
Bitcoin has surged over 33% since November 4, driven by President-elect Donald Trump's pro-crypto stance, yet it remains a speculative asset with high volatility. In contrast, global and US equities are expected to benefit from solid economic growth and favorable corporate earnings, with a projected 11% growth for S&P 500 earnings this year. The growth of artificial intelligence is anticipated to further bolster the equity market, despite potential tech sector volatility.
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