Morning Update: 31.12.2024

avatar
· Views 103

📉 Asian Markets:


On the final trading day of 2024, Asian stocks dipped in thin holiday trading.

MSCI Asia-Pacific Index: -0.2%, but up 8% for the year.

Markets closed in 🇯🇵 Japan, 🇰🇷 South Korea, and 🇹🇭 Thailand.

Shortened sessions in 🇭🇰 Hong Kong, 🇵🇭 Philippines, 🇦🇺 Australia, and 🇳🇿 New Zealand.

📊 China:


Manufacturing PMI slowed in December: 50.1 (vs. 50.3 in November).

CSI 300: -0.4%

Shanghai Composite: -0.4%

Hang Seng: +0.7% 📈

Non-Manufacturing PMI improved to 52.2 (from 50.0).

🇰🇷 South Korea:


Political turmoil deepens:

Arrest warrant approved for impeached President Yoon Suk Yeol following martial law declaration in December.

Acting President Han Duck-soo also impeached.

Nation mourns Sunday's Jeju Air crash (179 fatalities).

💱 Currencies:


Most Asian currencies weakened vs. the dollar:

Dollar Index: 107.95 (-0.1%) but near 2-year highs.

USD/JPY: 156.43 (-0.3%), on track for a 10% annual loss.

USD/INR: Rupee hit record lows, down over 3% in 2024.

🛢️ Commodities:


Oil Prices:

Brent: $74.64 (+0.8%)

WTI: $71.67 (+0.9%)

Both benchmarks face yearly losses (-3.2% & -0.6%).

Gold: $2,607 (flat), set for a 26% yearly gain, its best in a decade! 🌟

Silver: $29.31 (steady), Copper: $8,925 (-0.2%).

🍫 Top Performers:


Cocoa & coffee dominated in 2024: Cocoa prices nearly tripled due to supply deficits.

🚗 Tech & Regulations:


Beijing introduces regulations for autonomous vehicles.

From April 2025: Driverless public buses & taxis allowed post-safety checks.

Major players: Baidu's Apollo Go, Pony.ai, and Tesla (launching full self-driving in Q1 2025).

🌍 New Year’s Eve Closures:


Fully closed: 🇩🇪 Germany, 🇨🇭 Switzerland, 🇮🇹 Italy, 🇧🇷 Brazil, 🇰🇷 South Korea.

Early closures:

🇭🇰 Hong Kong & 🇸🇬 Singapore: 12:00

🇬🇧 UK: 12:30

🇳🇿 New Zealand: 12:45

🇪🇸 Spain: 14:00

🇫🇷 France: 14:05

🇦🇺 Australia: 14:10

🎆 Wishing you a prosperous end to 2024 and a fantastic 2025! 🥂

면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.

이 글이 마음에 드시나요? 작성자에게 팁을 보내 감사의 마음을 전하세요.
댓글 0

  • tradingContest