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During the session in the Asia-Pacific region, indexes were noted lower, except for the Japanese market, where the Nikkei 225 gained 0.30%.
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Chinese indexes were noted 40% lower, the Australian S&P ASX 200 was noted just below the 0% threshold, similar to the Indian benchmark Nifty 50 Index.
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In the first part of the day, the Japanese yen is one of the weaker currencies, while the US dollar is one of the stronger ones. USDJPY rebounds and gains 0.50% to 148.900.
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According to 85% of surveyed economists, the Bank of Japan will end negative interest rates in 2024, compared to 63% in the October survey and 52% in September.
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JPMorgan expects the Bank of England to cut interest rates by 50 basis points in the fourth quarter of 2024, compared to the previously expected pause throughout 2024.
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Nvidia (NVDA.US) published its results for the last quarter after yesterday's session. The results were significantly better than market expectations. However, the company's shares are currently losing over 1.7%, as the company expects significantly lower chip sales to China in the fourth quarter of the year.
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Today, in a key vote, the Israeli government approved an agreement to release about 50 hostages who were kidnapped to the Gaza Strip during a Hamas terrorist attack on October 7. This mainly involves women and children, in groups of 12-13 people per day.
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In the precious metals market today, we observe moderate increases. Gold gains 0.09% and is noted just below the key zone of 2000 USD per ounce. Silver gains a bit more, rising to 23,700 USD.
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In the cryptocurrency market, we observe a rebound, with Bitcoin gaining 1.90% and being noted around 36,450 USD, while Ethereum gains 2.80% to the level of 1990 USD. Smaller projects are also rebounding.
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The market breathed a sigh of relief after Binance's staggering 4 billion dollar settlement between the United States DOJ and CFTC agencies. The settlement involves revealing registers and books by Binance under five years of supervision.
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Another part of the settlement is the resignation of Binance CEO Changpeng "CZ" Zhao, resulting in the suspension of all charges and suspicions by the aforementioned agencies.
Bitcoin defends against further declines and rebounds from the key zone at the level of 35,700 USD. The main cryptocurrency continues to consolidate between this level and the upper limit at 38,000 USD. Source: xStation 5
