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US indexes had a mixed session. The opening of the cash session saw declines after the long weekend, followed by a slight rebound. Selling pressure returned to the market after slightly hawkish comments from Fed banker Waller.
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US500 loses 0.50%, falling below the 4800 point level, while US100 drops 0.30% to 16900 points.
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Sentiments in the European session were mostly negative. The German DAX lost 0.3%, the FTSE fell nearly 0.5%, and the CAC40 retreated by 0.18%.
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Christopher Waller emphasized that in 2024, the market can expect, in a base scenario, 3 cuts of 25 basis points, which is half less than what Wall Street currently expects.
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USD ends the day on a solid plus. USD is the strongest currency among the G10 today. Meanwhile, the Japanese yen has another weaker day. USDJPY gains over 1.05% to 147.200.
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EURUSD loses over 0.73%, and the dollar index gains 0.8%. The priced chances of a rate cut in March have dropped.
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Business activity sharply fell in New York State, according to firms responding to the January 2024 Empire State Manufacturing Survey. The headline general business conditions index dropped twenty-nine points to -43.7, the lowest reading since May 2020.
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CPI inflation in Canada, year-over-year in December, was 3.4% (as expected) compared to 3.1% in November.
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Spirit Airlines' shares plummet 50% after an unexpected U.S. antitrust court disapproval of its merger with JetBlue.
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AMD leads gains in the semiconductor sector. The stock records a 7% increase related to the future of AI technology, positively commented on by Barclays analysts.
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Gold erased nearly a 1% increase and currently loses almost 1.5%, putting pressure on miners' stocks in the precious metals sector. Shares of Sibanye and Barrick Gold are down by 7% and 8.5%, respectively.
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Bitcoin remains in consolidation in the $42000-$43000 range, with larger increases observed in Ethereum and some altcoins.
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Among crypto projects, CHILLIZ shows distinctly positive sentiments with a nearly 20% rebound. In the absence of specific information, the rebound can be linked to comments from the CEO and the growing popularity of the project among sports team fans on the Socios.com platform.
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