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Morning Update (16.01.2025) ๐
๐ Wall Street Bulls Charge Ahead
Yesterday's session on Wall Street was dominated by the bulls! ๐คฉ A slightly lower-than-expected CPI inflation reading boosted the markets:
S&P 500: +1.8%
Nasdaq 100: +2.3%
Dow Jones: +1.6%
๐ Todayโs Outlook
U.S. index futures continue their rally ๐, fuelled by impressive financial results from semiconductor giant TSMC, which outperformed expectations on both net income and revenue.
๐
Key Data Today
U.S. Retail Sales (Dec) & Unemployment Claims ๐ 1:30 PM GMT
Retail sales expected: ๐ +0.6% m/m (vs. +0.7% in Nov)
๐ข๏ธ Commodities Update
Natural Gas: -2% โ๏ธ
Oil: -0.2% ๐ป
Agricultural Commodities:
Cotton: -0.6%
Soybeans: -0.9% ๐ฑ
๐ Asian Markets
Asian index futures showed marginal gains:
Nikkei: Minimal movement
Hang Seng: +1% ๐
CHN.cash & HK.cash: +0.5%
๐ Treasury Yields & Forex
10-year Treasuries: Slight drop, -2 bps to 4.65% ๐ (down 17 bps since Jan 10 peaks)
Eurodollar: Losing slightly against the dollar ๐ต, which paused its sell-off
๐ Crypto Highlights
Bitcoin: Approaching $100,000 ๐
Most cryptocurrencies recovered from recent losses ๐
๐ข Stay tuned for further updates and market insights! ๐
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