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Thursday Thrills
Your daily dose of financial finesse.
Zalán Z
December 12, 2024
Table of Contents
Macroeconomic Update
US inflation: The entire market was waiting for the US CPI, which didn’t ease, but this can be attributed to seasonal consumption patterns as well.
YoY: 3,3%
MoM: 0,3%
German CPI: Deflation is being observed, which could be caused by weak consumption.
YoY: 2,2%
MoM: -0,2%
10-Year Note Auction: A slight decline can be observed in the 10-year government bond yield.
4,347% —> 4,235%
Market outlook
SYMBOL | PRICE | CHANGE | %CHANGE |
|---|---|---|---|
44 148,56 | -99,27 | -0,22 | |
20 034,89 | +347,65 | +1,77 | |
6084,19 | +49,28 | +0,82 | |
2752,7 | -4 | -0,15 | |
70,4 | +0,11 | +0,16 | |
4,269 | -0,002 | -0,047 | |
1,05 | +0,001 | +0,067 | |
13,58 | -0,6 | -4,23 |
source: US Markets News (cnbc.com)
The market is pricing in a decreasing interest rate trajectory, gold is back in momentum, the NASDAQ and S&P 500 closed above psychological levels, while the dollar is strengthening despite falling bond yields.
What about crypto assets
The market suffered a significant correction, with altcoins dropping by as much as 15-20% in a short time. However, it seems investors saw this as a new entry opportunity. Memecoins, such as BONK, fell dramatically, but BTC proved resilient and is back above $100,000 today, while ETH is slowly climbing back to $4,000.
Stocks
Nvidia (NVDA): Nvidia's shares took a hit, dropping over 2.5% after Chinese regulators launched an investigation into potential antitrust violations. This news has investors worried about the company's future in one of its biggest markets1.
Oracle (ORCL): Oracle's stock plummeted by 7.5% as their quarterly earnings fell short of expectations. Despite this, their AI technology continues to show strong growth, offering a glimmer of hope for investors2.
Alphabet (GOOG, GOOGL): Alphabet's shares surged by more than 4% following the unveiling of their new Willow quantum chip. This breakthrough is seen as a significant step forward in the field of quantum computing3.
Salesforce (CRM): Salesforce's stock is on the rise as investors eagerly await their upcoming quarterly results, particularly focusing on their AI agents and the Agentforce platform.
UnitedHealth Group (UNH): UnitedHealth Group's stock faced uncertainty after the tragic death of CEO Brian Thompson. Adding to the turmoil, a person was arrested in Pennsylvania in connection with his death2.