US Market Outlook: Pay attention to the FOMC minutes for December The Dow Average starts at a lower price of $85
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Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 37629.23 dollars with a depreciation of 85.81 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell 124.47 points at 14641.47. The S&P 500 average, which consists of stocks of 500 companies that are large US stocks, fell 17.76 points to 4725.07.
Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 37629.23 dollars with a depreciation of 85.81 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell 124.47 points at 14641.47. The S&P 500 average, which consists of stocks of 500 companies that are large US stocks, fell 17.76 points to 4725.07.
Top news
Watch the FOMC minutes in the afternoon to see if they justify market expectations
This week is full of important events such as Friday's US employment statistics, and the market also wants to confirm the short-term market direction based on that information. In that sense, today's FOMC minutes for December will be published in the afternoon local time (around 4:00 a.m. Japan time). The FRB unexpectedly suggested the possibility of cutting interest rates 3 times within the year if it were 0.25 percentage points each in its FOMC, which came as a surprise to the doves. It is predicted that the policy interest rate by the end of the year will drop to 4.625% (4.50-4.75% suggested).
The possibility of a Richmond Fed President soft landing is increasing, but it is uncertain
Federal Bank President Birkin Richmond's statement was conveyed, and he stated, “The possibility of a soft landing is increasing, but it is uncertain.”
Dollar gets off to a bright start in 2024 - biggest rise since March due to a retreat in US interest rate declines
The dollar is off to the start of the year by recording a sharp rise since March last year. Forecasts surrounding the scale of the reduction in US interest rates this year have receded in the market. On the 2nd, the Bloomberg Dollar Spot Index rose by more than 0.7% in response to the decline in US bond prices and US stocks. It was the biggest increase in a single day since the US-District Bank turmoil about nine months ago. It remained flat in trading on the 3rd in Asia time.
US is the world's largest LNG exporter — surpassing Australia and Qatar in 2023
The United States surpassed Australia and Qatar, which are major suppliers in liquefied natural gas (LNG) exports in 2023, and stood at the top of the world for the first time.
Bitcoin-related stocks fall across the board There is a possibility that spot ETF proposals will be rejected
The virtual currency Bitcoin fell 5.49% at one point to 42,499 dollars, and Bitcoin-related stocks also fell across the board. Analysts pointed out the possibility that the Bitcoin spot ETF proposal will be rejected.
-MOOMOO NEWS ZEBER
Distribution source: Bloomberg, MINKABU, moomoo
Watch the FOMC minutes in the afternoon to see if they justify market expectations
This week is full of important events such as Friday's US employment statistics, and the market also wants to confirm the short-term market direction based on that information. In that sense, today's FOMC minutes for December will be published in the afternoon local time (around 4:00 a.m. Japan time). The FRB unexpectedly suggested the possibility of cutting interest rates 3 times within the year if it were 0.25 percentage points each in its FOMC, which came as a surprise to the doves. It is predicted that the policy interest rate by the end of the year will drop to 4.625% (4.50-4.75% suggested).
The possibility of a Richmond Fed President soft landing is increasing, but it is uncertain
Federal Bank President Birkin Richmond's statement was conveyed, and he stated, “The possibility of a soft landing is increasing, but it is uncertain.”
Dollar gets off to a bright start in 2024 - biggest rise since March due to a retreat in US interest rate declines
The dollar is off to the start of the year by recording a sharp rise since March last year. Forecasts surrounding the scale of the reduction in US interest rates this year have receded in the market. On the 2nd, the Bloomberg Dollar Spot Index rose by more than 0.7% in response to the decline in US bond prices and US stocks. It was the biggest increase in a single day since the US-District Bank turmoil about nine months ago. It remained flat in trading on the 3rd in Asia time.
US is the world's largest LNG exporter — surpassing Australia and Qatar in 2023
The United States surpassed Australia and Qatar, which are major suppliers in liquefied natural gas (LNG) exports in 2023, and stood at the top of the world for the first time.
Bitcoin-related stocks fall across the board There is a possibility that spot ETF proposals will be rejected
The virtual currency Bitcoin fell 5.49% at one point to 42,499 dollars, and Bitcoin-related stocks also fell across the board. Analysts pointed out the possibility that the Bitcoin spot ETF proposal will be rejected.
-MOOMOO NEWS ZEBER
Distribution source: Bloomberg, MINKABU, moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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