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Asian shares showed mixed results following a record-setting day for the Nasdaq, as investors await the Federal Reserve's interest rate decision. Tokyo's Nikkei rose 0.2%, while Chinese markets declined, reflecting disappointment over economic policy announcements. The S&P 500 reached an all-time high, driven by expectations of further rate cuts, as Bitcoin surged past $107,000.
Asian shares showed mixed results following a record-setting day for the Nasdaq, as investors await the Federal Reserve's interest rate decision. Tokyo's Nikkei 225 rose 0.2%, buoyed by technology stocks, while Chinese markets declined amid disappointing economic data. South Korea's Kospi fell 1% amid political turmoil, while Australia's S&P/ASX 200 gained 0.8%. The Fed is expected to cut rates for the third consecutive time, with projections for future rate changes and economic indicators to be revealed post-meeting.
Asian markets opened mixed, with the Nikkei 225 and ASX 200 gaining while the Kospi fell. Concerns over China's economic recovery persist as November retail sales rose only 3.0%, below expectations, indicating limited success of stimulus measures. The Hang Seng index has struggled to maintain its recent gains, with potential declines ahead. Attention now shifts to US retail sales data, expected to show resilience in consumer spending, as the Federal Reserve prepares for a slower pace of rate cuts.
IG
Tech stocks led the market as the NASDAQ 100 surpassed 20,000 for the first time, while the Dow Jones faced a seven-day decline. Stagflation concerns grew with rising CPI and PPI, and jobless claims hitting a two-month high, prompting expectations of a Federal Reserve rate cut.The US dollar continued its upward trend, gold held its gains, and oil prices rose amid geopolitical tensions. Upcoming economic indicators and central bank meetings will be pivotal in shaping market sentiment.
IG
Asian stocks are set to open lower ahead of key interest rate decisions from major central banks, including the Federal Reserve. Futures for Hong Kong equities indicate a decline, while US-listed Chinese stocks fell over 2%. Despite this, Wall Street saw gains, with the Nasdaq 100 reaching a record high, driven by MicroStrategy Inc.'s anticipated inclusion in the index. The 10-year Treasury yield remained steady at 4.40%.
Atsuko Sato, owner of the original Doge meme dog Kabosu, has granted IP rights for her new Shiba Inu, Neiro, to the Own the Doge DAO. This move aims to resolve the ongoing dispute over various Neiro-inspired meme coins, with the DAO set to vote on which token, if any, will hold official rights. The outcome could significantly impact the market, as one Ethereum-based Neiro coin has a market cap nearing $663 million.
Actinic keratosis (AK) is a pre-cancerous skin condition caused by prolonged UV exposure, presenting as rough, scaly patches on sun-damaged areas. The market for AK treatments is evolving, with over 10 companies developing therapies, including notable advancements from Vidac Pharma and Biofrontera Inc. Recent FDA approvals and funding initiatives are expected to significantly impact treatment options and market growth in the coming years.
Softbank Group's CEO Masayoshi Son announced a $100 billion investment in US AI infrastructure at Trump’s Mar-a-Lago resort, aiming to create 100,000 jobs. This follows a previous $50 billion commitment in 2016, and the new investment is expected to be completed by 2028. Despite past challenges, Softbank's strategic focus on AI has contributed to its recovery, with $175 billion in assets as of late 2024.
UBS has issued a Buy rating for Amazon.com, Inc., a global leader in online product distribution. The company operates a marketplace for individuals and businesses, offering a wide range of products, including electronics, cultural items, and various services. Net sales are primarily generated from services (55.5%) and products (44.5%), with the majority coming from the United States (68.8%).
UBS has issued a Buy rating for Amazon.com, Inc., a leading online distributor. The company operates a marketplace for individuals and businesses, offering a wide range of products including electronics, cultural items, and various services. Net sales are primarily derived from services (55.5%) and products (44.5%), with the majority of revenue coming from the United States (68.8%).
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