From None: 2024-12-09 05:11:27

U.S. Consumer Price Inflation (CPI): November CPI data is crucial for the Fed’s December policy meeting, with markets expecting another rate cut. Strong jobs data may be offset by signs of persistent inflation and potential inflationary pressure from Trump’s tariff plans.

European Central Bank (ECB) Policy Meeting: ECB likely to cut rates by 25 bps in its fourth cut of 2024 to steer inflation toward 2%. Updated growth and inflation forecasts may show subdued economic prospects for Eurozone amid trade war concerns and a weakened euro.

Bitcoin’s Record Rally: Bitcoin surpasses $100,000 on news of pro-crypto leadership in U.S. regulatory positions, sparking mainstream adoption discussions. Analysts predict further gains, but volatility and regulatory clarity remain key factors.

Stock Market Momentum: U.S. equities hit record highs on strong economic growth and rate-cut expectations. S&P 500 and Nasdaq testing new ceilings, but hotter-than-expected inflation data could challenge the rally into year-end.

Oil Market Dynamics: Oil prices drop on weak demand fears, despite OPEC+ extending production cuts to 2026. Geopolitical tensions in the Middle East and China’s slow recovery drive oil market volatility.



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