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Asian stocks are showing mixed results as investors await the Federal Reserve's final rate decision of the year. In related news, Japanese automakers Nissan and Honda have confirmed ongoing discussions aimed at closer collaboration.
Asian stocks mostly rose ahead of the Federal Reserve's final rate decision of the year, with Japan's Nikkei 225 slipping 0.2% despite a 3.8% increase in exports. Trading in Nissan shares was suspended after a 22% surge amid merger talks with Honda, while the Hang Seng and Shanghai Composite gained 0.6% and 0.7%, respectively. The S&P 500 is on track for a nearly 27% annual gain, as strong retail sales data raises questions about the need for further rate cuts.
World stocks showed mixed performance ahead of the Federal Reserve's rate decision, with European markets opening higher. Nissan shares surged 23.7% amid collaboration talks with Honda, while Japan's Nikkei 225 fell 0.7% following export data. The S&P 500 is poised for a strong year, up nearly 27%, as the Fed is expected to announce a third rate cut amid persistent inflation concerns.
World stocks are mixed as markets await the Federal Reserve's rate decision. European indices opened higher, while Japan's Nikkei 225 fell 0.7%. Nissan shares surged 23.7% amid collaboration talks with Honda, while U.S. retail sales exceeded expectations, hinting at a resilient economy.
Asian stocks mostly rose ahead of the Federal Reserve's rate decision, with Japan's Nikkei 225 slipping 0.2% despite a 3.8% increase in exports. Nissan's shares surged 22% amid merger talks with Honda, while the Hang Seng and Shanghai Composite gained 0.6% and 0.7%, respectively. The Fed is expected to announce a rate cut, but strong economic data may lead to a pause in January.
Solana (SOL) has recently lagged behind Bitcoin (BTC) and Ethereum (ETH), with its price only increasing by 3% over the past month compared to 18% for BTC and 28% for ETH. On-chain analytics firm Glassnode attributes this shift to a slowdown in Solana's Realized Cap growth, which reflects capital inflows and outflows. After outperforming both BTC and ETH in Q4 2024, Solana's earlier capital inflows have diminished, allowing Bitcoin and Ethereum to take the lead.
Leading cryptocurrencies remained subdued ahead of the Federal Reserve's interest rate decision, with Bitcoin dipping to $105,000 after reaching an all-time high of $108,000. Ethereum fell below $4,000, while total liquidations exceeded $316 million. Analysts suggest Bitcoin is in the early stages of a parabolic phase, historically lasting around 300 days, with current market sentiment reflecting "Extreme Greed."
Asian stocks saw a slight increase as investors prepared for the Federal Reserve's final policy decision of the year, with a regional gauge rising 0.3%. Notably, Nissan's shares surged 24% amid merger talks with Honda, while US futures also ticked higher. The Fed is expected to cut interest rates by 25 basis points, with attention on its outlook for 2025 amidst mixed US economic data and potential inflationary pressures from proposed policies.
UBS forecasts gold prices to reach $2,900/oz by the end of 2025, driven by central bank demand, rising investor interest, and a lower rate environment. Despite a recent dip, gold has risen nearly 29% year-to-date, outperforming the S&P 500. Central banks are expected to continue strong buying, with purchases projected at 900 metric tons or more in 2025, amid geopolitical risks and a weakening US dollar enhancing gold's appeal as a safe-haven asset.
UBS forecasts gold prices to reach $2,900/oz by the end of 2025, driven by central bank demand, rising investor interest, and a lower interest rate environment. Despite a recent dip, gold has risen nearly 29% year-to-date, outpacing the S&P 500. Central banks are expected to purchase over 900 metric tons in 2025, while geopolitical risks and a weaker dollar are likely to boost gold's appeal as a safe-haven asset.
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