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Morning Update (06.12.2024)
๐ Asia-Pacific Markets
Asian indices show mixed trends today:
๐ Chinese indexes are up 1.70โ2.00%.
๐ Japanese Nikkei 225 has dropped 0.60% to 39,000 points.
๐ Singapore's SG20cash contracts are down 0.50%.
๐ Australia's AU200.cash index is trading 0.60% lower.
๐ฑ Forex Highlights
Top gainers this morning:
๐ข NZD & AUD: +0.3โ0.5%.
๐ต Modest gains for JPY & USD: +0.2โ0.4%.
๐ฆ Reserve Bank of India (RBI)
๐ Held key policy rate at 6.50% (unchanged).
๐ป Cut Cash Reserve Ratio (CRR) by 50 bps to 4.0% to improve liquidity.
๐ Revised India's FY25 GDP growth forecast to 6.6% (previously 7.2%).
๐ Japan: Household spending declined by -1.3% YoY in October (better than expected).
๐ Commodities
Gold: +0.30% to $2,630/oz.
Silver: +0.10% to $31.30/oz.
Oil (WTI): -0.15% to $68.35/barrel.
๐ Key Data Today
๐ US NFP Report at 2:30 PM โ watch for labour market trends!
๐ค Tech & Crypto News
David Sacks, early PayPal exec & Musk ally, joins Trump to lead efforts in AI & crypto technologies.
South Korea: Tensions rise as impeachment discussions swirl around President Yoon Suk Yeol over martial law controversy.
๐ฐ Cryptocurrency Update
๐ฉ Bitcoin: +1.00% to $98,000, rebounding after a late dip to $97,000.
๐ฉ Ethereum: +3.25% to $3,900.
Stay tuned for more updates! ๐
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