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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Dow futures are trading lower as investors await the Producer Price Index (PPI) data, which could indicate potential relief from interest rate pressures. Market participants are closely monitoring these developments to gauge future economic conditions.
The Swiss National Bank has cut its policy rate by 50 basis points to 0.50 percent, marking the fourth consecutive reduction amid decreasing inflationary pressures. Inflation remains low, projected to average 1.1 percent in 2024, while GDP growth is expected to be around 1 percent for the current year. The central bank is also monitoring the Swiss franc's exchange rate, which is favorable for exports.
The Swiss National Bank (SNB) has cut the key interest rate by 50 basis points to 0.50%, marking the fourth consecutive reduction. This decision reflects a decrease in inflationary pressure, with current inflation at 0.7% and forecasts predicting an average of 1.1% for 2024. Economic growth remains modest, with GDP expected to rise by around 1% this year.
The ECB is expected to implement a 25 basis point cut, reducing the deposit rate to its lowest since March 2023, with an 85% market probability for this move. The Banque de France Governor emphasizes maintaining flexibility in response to economic data and risks, while underlying inflation remains stagnant at 2.7%. Political instability in France and Germany may also influence the ECB's decision-making process.
The DAX index rebounded to 20,399 after a brief consolidation, peaking at 20,415 during the week. To maintain momentum, it needs to close above 20,400 and surpass the record high of 20,462. However, if it declines, key support levels include 20,000 and the October high of 19,675.
Bitcoin sentiment has shifted from extreme greed to a state of greed, with the Fear & Greed Index currently at 74, indicating a cooling off as bearish trends affect the market. Despite a recent pullback, Bitcoin's price has rebounded to $98,500, suggesting potential for continued rally. Additionally, a decline in the Estimated Leverage Ratio may reduce the risk of mass liquidations in the futures market.
Wall Street closed mixed on December 12, 2024, following November's inflation data. The Dow Jones fell 0.2% to 44,148.56, while the Nasdaq Composite surged 1.8% to a record 20,034.90, and the S&P 500 gained 0.8% to 6,084.19. Inflation data showed a 0.3% rise in the consumer price index, aligning with expectations, fueling hopes for further interest rate cuts.
Bitcoin has surged past $100,000, trading at approximately $100,500, following favorable U.S. Consumer Price Index data, which has fueled optimism for a Federal Reserve rate cut. This rally has positively impacted altcoins, with XRP rising 17% to $2.44 after Ripple Labs announced its RLUSD stablecoin launch.Institutional investment remains a key driver, with record inflows of $3.85 billion into digital asset funds last week, highlighting growing interest in cryptocurrencies. The overall market sentiment reflects optimism about digital assets as an alternative investment class, bolstered by regulatory advancements and strategic partnerships.
Bitcoin has surged past $100,000, trading at approximately $100,500, following favorable U.S. Consumer Price Index data, which has fueled optimism for a Federal Reserve rate cut. This rally has positively impacted altcoins, with XRP rising 17% to $2.44 after Ripple Labs announced the launch of the RLUSD stablecoin. Institutional investment remains strong, with record inflows into digital asset funds, highlighting growing interest in cryptocurrencies as a viable investment class.
Bitcoin has surged from $68,000 to over $100,000 in about a month, despite a brief pullback. Technical analyst Peter Brandt highlights a bullish Bitcoin-to-Gold ratio, suggesting a potential long-term bull run through 2025, as Bitcoin continues to outperform traditional assets and gold.
Central Bank Actions
SubCategory
dow futures decline as investors await ppi data for interest rate insights
09:40 12.12.2024
swiss national bank cuts interest rates to 0.5 percent amid low inflation
United States Dollar
Swiss Franc
Euro
Swiss National Bank
CHE
Martin Schlegel
Matthew Jordan
Christine Lagarde
Show more
09:40 12.12.2024
swiss national bank cuts interest rates to 0.50 percent amid low inflation
United States Dollar
Swiss Franc
Euro
Swiss National Bank
CHE
Martin Schlegel
Matthew Jordan
Christine Lagarde
Show more
09:40 12.12.2024
ECB Expected to Cut Rates by 25 Basis Points Amid Economic Concerns
09:33 12.12.2024
DAX Approaches Key Resistance Level Amidst Market Consolidation and Gains
08:51 12.12.2024
Bitcoin sentiment shifts to greed as bearish trends impact market stability
08:30 12.12.2024
Wall Street closes mixed as Nasdaq hits record high amid inflation data
08:29 12.12.2024
bitcoin surpasses 100000 as altcoins surge on market optimism
08:03 12.12.2024
cryptocurrency market rallies as bitcoin surpasses 100000 and altcoins gain
08:03 12.12.2024
Bitcoin to gold ratio signals bullish trend as prices surge above 100000
07:26 12.12.2024
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