Dow Futures
Dow Futures contract was down 150 points, or 0.4%, the S&P 500 Futures contract was down 25 points, or 0.5%, and the Nasdaq 100 Futures contract was down 150 points, or 0.9%.
- Futures are down after a strong 2023, but Bitcoin is up to $45K – what’s driving markets?
- Dow futures are falling, wiping off some of the year’s gains.
- Tesla’s dominance in Norway grows as EVs capture a historic 82% market share.
- Voyager shares have risen following a $1.2 billion licensing agreement with Novartis for Huntington’s candidate.
- Bitfarms gets 446 bitcoins in December and 4,928 bitcoins in 2023.
- Vertex Energy raises the term loan cap by $50 million.
- The dollar rises ahead of major economic statistics, particularly payrolls.
- ASML stock declines as a result of canceled China chip supplies.
- According to Wedbush, the Nasdaq might reach 20,000 in 2024.
- Earnings from Constellation Brands might give a boost.
- MannKind and Sagard Healthcare agree to a $200 million royalty purchase agreement.
- Wedbush expects Apple, Microsoft, and others to propel the Nasdaq to 20,000 by 2024.
- Bernstein forecasts that Bitcoin will conclude 2024 at $80k before soaring to $150k in 2025.
- Mega-cap firms witnessed significant increases in 2023 as a result of tech excitement.
- The dollar begins 2024 with gains against the yen and euro, as bitcoin exceeds $45,000.
- A US judge has granted the FTC permission to temporarily halt IQVIA’s acquisition of DeepIntent.
- DoorDash plans to expand beyond its main restaurant sector in the United States – FT
- More EVs, including Tesla, Nissan, and GM cars, are losing US tax benefits.
- Apple stock is poised to open lower in 2024 as Barclays cuts to sell due to ‘lackluster’ iPhone sales.
- Bitcoin surpasses $45,000 as a critical deadline for ETF approval approaches.
- According to a broker, property reinsurance premiums in the United States would climb by up to 50% on January 1.
- Tesla new car registrations in Sweden increased by 9% in December.
- McDonald’s Malaysia has filed a $1 million lawsuit against the Israel boycott campaign.
GLOBAL NEWS
- Australia’s equities are up at the conclusion of trade, with the S&P/ASX 200 up 0.49%.
- The Nikkei 225 closed 0.23% down in Japan.
- The Nifty 50 is down 0.35% after the closing of trade in India.
- European stocks begin the New Year at a 23-month high due to oil and bank gains.
- The chances for UK industry comeback suffered a blow in December, according to the PMI.
- On the first trading day of 2024, global market indexes were mixed.
- UK retail price inflation remains at its lowest level since June 2022, according to the BRC.
- BNP resolves Swiss franc loan dispute for up to 600 million euros – Le Parisien
- China Evergrande’s EV share selling agreement has expired.
- Asia’s stocks begin 2024 on a positive note, but bitcoin rises.
- Asia FX falls on dismal China PMIs; dollar holds steady ahead of additional clues’
- Gold prices surge in a solid start to 2024, with early rate cuts in the spotlight.
- The death toll from Japan’s earthquake has risen to 30 as rescuers struggle to find survivors.
- Danone will sell organic dairy businesses in the United States to private equity company Platinum Equity.
- China’s yuan falls on the first trading day of 2024, with policy easing on the horizon.
- Philippines hopes to be removed from the worldwide ‘grey list’ of money laundering.
- China’s manufacturing activity growth increases in December, according to the Caixin PMI.
- HSBC has completed the sale of its retail banking operations in France.
- BYD, the Chinese EV behemoth, reports a 62% increase in car sales in 2023.
- In December, sales of Indian SUVs increased while sales of smaller automobiles decreased.
- Geely, a Chinese carmaker, has raised its 2024 sales target to 1.9 million units.
- In December, the UK Manufacturing PMI fell to 46.2.
- In December, the Eurozone Manufacturing PMI increased to 44.4.
- In December, Germany’s manufacturing PMI rose to 43.30 points.
- In December, France’s Manufacturing PMI fell to 42.1.
- Due to poor demand, Australia’s manufacturing PMI was revised down.
Economic Data
Global news Updates
China December Manufacturing PMI below expected; 49 vs 49.6 consensus; China December Services PMI slightly below expected; 50.4 vs 50.5 consensus; China Caixin Manufacturing PMI above expectations; 50.8 vs. 50.3 consensus.
China’s new home prices in December rose 0.1% after rising 0.05% in November making it the fourth straight monthly rise. The value of new home sales among the 100 biggest real estate companies fell 34.6% from a year earlier to 451.3 billion yuan ($64 billion), compared with a 29.6% decline in November.
Iran sent a warship to the Red Sea after the US Navy destroyed three Houthi boats during an attack on a Danish-owned container ship, a move which could increase tensions – Bloomberg.
The yen weakens against most of its major peers after a powerful 7.6-magnitude earthquake struck an area along the west coast of Japan.
Economic Calendar
7:45 ICSC Weekly Retail Sales
9:45 S&P Global Manufacturing PMI, Dec Final
10:00 Construction Spending M/M for November
Must read book about investing – check here
Dow Futures Dow Futures Dow Futures Dow Futures Dow Futures Dow Futures Dow Futures Dow Futures