ECB source: A few policy makers initially agreed to cut interest rates by 50 basis points.Cipher digital currency concept stocks generally rose, with Bakkt Holdings rising by 12.2%, Riot Platforms rising by 9.4%, TeraWulf rising by 7.3%, Robinhood rising by 4.2%, and Ethereum ETF QETH rising by over 3.9%. President-elect Trump announced that he would take major actions against cryptocurrencies. Bitcoin rose more than 0.7%, reaching a daily high of $102,000.ServiceTitan(TTAN), a software provider, opened its US IPO at $101.00 on the first day, compared with the previous IPO price of $71.00 per share.
Spot gold fell below $2,680 per ounce, down 1.38% in the day. COMEX gold futures fell 2.00% in the day and are now reported at $2701.50 per ounce.U.S. National Security Adviser Sullivan said that the Israeli elimination of Hamas leaders will also help promote the ceasefire negotiations to achieve results.American natural gas futures rose by 3.00% in the day and are now reported at $3.480/million British heat.
Market News: Volkswagen Audi will stop production in Brussels before February 28th.Morgan stanley capital international's MSCI Nordic Countries Index fell 0.4% to 381.97. Evolution AB Group, an online gambling operator, fell 3.4%, which was the worst among the constituent stocks.The Brazilian central bank raised its benchmark interest rate to 12.25% for the third time this year. On the 11th, local time, the Monetary Policy Committee of the Brazilian central bank announced that it had decided to raise its benchmark interest rate to 12.25%, which is the third time that the Brazilian central bank raised interest rates this year. Brazil's central bank said that the interest rate hike was affected by international uncertainties and Brazil's domestic economic policies, and it is expected that the benchmark interest rate will be raised again in January and March next year. Since August last year, the Brazilian central bank cut interest rates seven times in a row, stopped cutting interest rates in June this year, and then raised the benchmark interest rate three times in a row. After this adjustment, Brazil's benchmark interest rate at the end of 2024 was the same as that at the end of 2023, which was 12.25%. The latest "Focus" bulletin of the Brazilian central bank raised the expected inflation rate to 4.84% in 2024, which is higher than the upper limit of the country's inflation rate management target of 4.5% from 2024 to 2026.
Strategy guide 12-14
Strategy guide 12-14