{
}
Asian stocks mostly declined as concerns over persistent inflation and interest rates grew following mixed U.S. market performance. The Nikkei 225 fell 1.4% after strong wage growth data, while the S&P 500 rose 0.2% amid hopes for future rate cuts. U.S. markets will be closed for a National Day of Mourning for former President Jimmy Carter.
World shares experienced a mixed day as U.S. economic data eased concerns on Wall Street, with markets closed for a National Day of Mourning for former President Jimmy Carter. European indices showed varied results, while Asian markets mostly declined amid trade friction fears linked to President-elect Donald Trump.In Japan, strong wage growth prompted a drop in the Nikkei 225 index, while China's consumer price index indicated weak demand. U.S. bond yields fluctuated, with expectations for future interest rate cuts amid a solid job market, as investors remain cautious about potential tariffs and their economic impact.
Global shares were mixed as the U.S. stock market observed a National Day of Mourning for former President Jimmy Carter. European stocks saw modest gains, while Asian markets mostly declined amid concerns over trade friction and rising interest rates in Japan. The U.S. Labor Department's upcoming jobs report is anticipated to influence market sentiment.
Asian stocks mostly declined as concerns over potential trade friction under President-elect Donald Trump resurfaced. The Nikkei 225 fell 0.9% following strong wage growth data, while other indices in Hong Kong, Shanghai, and India also reported losses. Meanwhile, U.S. markets remained steady amid mixed economic reports, with oil prices slightly rising.
Elon Musk will lead the newly established White House advisory office, D.O.G.E., aimed at enhancing government efficiency to combat inflation. He cautioned that successful initiatives could hinder Bitcoin's price growth by reducing deficits and inflation, which traditionally support crypto asset values. Following this warning, Bitcoin's price fell below $100,000, highlighting the interconnectedness of government spending and cryptocurrency markets.
Anthony Pompliano, CEO of Professional Capital Management, argues that Bitcoin is becoming a benchmark for younger investors, akin to the S&P 500 in traditional finance. Its decentralized nature and ability to hedge against inflation make it appealing, especially as it offers a global, accessible investment option. Pompliano also emphasizes the importance of understanding Bitcoin's fundamentals and downplays concerns about government influence on its long-term growth.
A decline in social media activity and sentiment around Dogecoin has led analysts to suggest it may be a buying opportunity, despite its current bearish rating. While Dogecoin has dropped 28% in market cap recently, some traders predict it could outperform major cryptocurrencies in 2025, with potential price targets between $3 and $5. Meanwhile, Google searches for Dogecoin have plummeted nearly 74% since November 2024, indicating waning public interest.
Bhutan's newly designated Special Administrative Region, Gelephu Mindfulness City, plans to adopt Bitcoin, Ethereum, and Binance's BNB token as part of its strategic reserves, aiming to foster an environment of mindfulness, sustainability, and innovation. This initiative builds on Bhutan's significant Bitcoin holdings, with over 13,000 BTC mined since 2019, positioning the country among the largest governmental Bitcoin holders globally. The region will prioritize assets with high market capitalization and mature blockchain infrastructure, while hosting a global summit in March to discuss the integration of digital assets into strategic reserves.
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty dined with President-elect Trump, igniting speculation about the potential resolution of Ripple's SEC lawsuit over XRP. The meeting is seen as pivotal, with industry experts suggesting it could lead to significant regulatory changes and a boost for the cryptocurrency sector. Garlinghouse praised the Trump administration for fostering U.S. crypto growth, highlighting a shift towards domestic hiring and optimism for future industry developments.
Bitcoin's price has dropped to $94,903.53, reflecting a 5.86% decline in 24 hours, with a market cap of $1.88 trillion. A wave of liquidations totaling $694.11 million, driven by negative U.S. economic data, has heightened bearish sentiment, as institutional inflows slow significantly. Analysts warn of potential further declines to $88,000, while the upcoming inauguration of President-elect Donald Trump may increase market volatility.
Donald Trump
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
asian stocks decline as us markets remain mixed amid economic concerns
Indian Rupee
Japanese Yen
Chinese Yuan
Australian Dollar
United States Dollar
Edison International
eBay Inc.
Meta Platforms, Inc.
Cal-Maine Foods, Inc.
IND
HKG
THA
CHN
AUS
TWN
JPN
KOR
Sherman Miller
Christopher Wallerstedt
Donald Trump
Show more
05:53 09.01.2025
mixed global markets as wall street steadies amid economic data
Japanese Yen
Chinese Yuan
Australian Dollar
Euro
United States Dollar
Edison International
IND
FRA
HKG
THA
USA
CHN
DEU
AUS
TWN
JPN
GBR
KOR
Jimmy Carter
Stephen Innes
Christopher Wallerstedt
Donald Trump
Show more
05:53 09.01.2025
global markets mixed as us observes national day of mourning
Indian Rupee
Australian Dollar
Japanese Yen
United States Dollar
End Federal Reserve USD
Jimmy Carter
Stephen Innes
Donald Trump
Show more
05:53 09.01.2025
asian stocks decline amid trade friction concerns and economic uncertainty
South Korean Won
Japanese Yen
Australian Dollar
Hong Kong Dollar
United States Dollar
Meta Platforms, Inc.
eBay Inc.
IND
HKG
THA
USA
CHN
AUS
TWN
JPN
KOR
Jimmy Carter
Stephen Innes
Christopher Wallerstedt
Donald Trump
Show more
05:53 09.01.2025
Elon Musk warns D O G E plans could hinder Bitcoin price growth
05:49 09.01.2025
bitcoin emerges as a benchmark for millennial and gen z investors
05:30 09.01.2025
dogecoin's quiet period may signal buying opportunity for traders
05:04 09.01.2025
bhutan's special administrative region to adopt bitcoin and ethereum as reserves
04:53 09.01.2025
Ripple executives meet Trump fueling speculation on SEC lawsuit resolution
Ripple USD USD
USA
David O. Sacks
Jeremy Hogan
Donald Trump
Stuart Alderoty
Brad Garlinghouse
Paul Atkins
Scott Bessent
Show more
03:30 09.01.2025
bitcoin price drops amid market volatility and fears of further decline
03:12 09.01.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Retail and Consumer Goods
Global Financial Events
Finance Mergers & Acquisitions
Global Trade Developments
Central Bank Actions
Industry Mergers & Acquisitions
Banking Regulations
CEO Changes
Supply Chain Management
Energy Sector Developments
Cryptocurrency Trends
Market Analysis and Predictions
Startups & Entrepreneurship
Government Economic Policies
Workplace Trends
AI Innovations
Commodities
Countries:
Companies:
The Goldman Sachs Group, Inc.
Bank of America Corporation
Alphabet Inc.
Apple Inc.
Tesla, Inc.
Citigroup Inc.
Barclays PLC
Wells Fargo & Company
Deutsche Bank RV Global PP
Commerzbank AG
PepsiCo, Inc.
Google Inc.
BNP Paribas SA
UBS Group AG
Lloyds Banking Group plc
NVIDIA Corporation
Wix.com Ltd.
BP Castrol K.K.
Valvoline Inc.
Bosch Limited
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Indian Rupee
Japanese Yen
Canadian Dollar
Russian Ruble
United Arab Emirates Dirham
Offshore Chinese Yuan
Indonesian Rupiah
Ghanaian Cedi
Hungarian Forint
Albanian Lek
South Korean Won
Brazilian Real
People:
Donald Trump
Elon Musk
Warren Buffett
Sergey Brin
Larry Page
Goldman Sachs
Kelvin Taylor
Carsten Fritsch
Christopher Chandler
Scott Bessent
Martin Schlegel
Jerome Powell
Kubra Khan
Joe Biden
Volkmar Baur
Christopher Wallerstedt
Brian Moynihan
Francesco Gaetano Caltagirone
Leonardo Del Vecchio
Howard Lutnick