Overnight US stocks | The three major indices are rising, NVIDIA Corporation (NVDA.US) is up 3.69%.

date
24/12/2024
avatar
GMT Eight
On Monday, the three major indices rose, with trading hours shortened this week due to the holiday, and market trading is expected to be relatively quiet during the Christmas period. US StocksAt the close, the Dow gained 66.69 points, or 0.16%, to 42906.95 points; the Nasdaq rose 192.29 points, or 0.98%, to 19764.89 points; the S&P 500 index rose 43.22 points, or 0.73%, to 5974.07 points. NVIDIA Corporation (NVDA.US) rose 3.69%, Tesla, Inc. (TSLA.US) rose 2.2%, Honda Motor Co., Ltd. Sponsored ADR (HMC.US) rose 12.8%. Cryptocurrency stocks generally fell, with MicroStrategy (MSTR.US) dropping over 8%. The Nasdaq China Golden Dragon Index closed up 0.9%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose 3.5%, and Baidu Inc Sponsored ADR Class A (BIDU.US) rose 3%. European StocksThe German DAX30 index fell 56.71 points, or 0.28%, to 19859.85 points; the UK FTSE 100 index rose 15.50 points, or 0.19%, to 8100.11 points; the French CAC40 index fell 2.16 points, or 0.03%, to 7272.32 points; the Euro Stoxx 50 index fell 10.63 points, or 0.22%, to 4851.65; the Spain IBEX35 index fell 32.51 points, or 0.28%, to 11434.79 points; the Italy FTSE MIB index fell 17.29 points, or 0.05%, to 33749.00 points. Asia-Pacific Stock MarketsThe Nikkei 225 index rose more than 1%, the Jakarta Composite Index rose more than 1.61%, and the South Korea KOSPI index rose more than 1.57%. CryptocurrencyBitcoin fell more than 1.3% to $93870.36. According to data from the London Stock Exchange Group, Bitcoin fell in thin holiday trading after failing to maintain its recent rise above $100,000. The recent rise in Bitcoin was driven by the prospect of a more crypto-friendly policy under US President-elect Trump. Although Bitcoin's momentum has stalled, its value has more than doubled so far this year, and some analysts expect it to reach $150,000 soon. GoldSpot gold fell 0.14% to $2619.35 per ounce. OilWTI crude oil fell 1.0% to $68.76 a barrel; Brent crude oil fell 1.0% to $71.83 a barrel. MetalsLME copper futures fell $29 to $8912 per tonne. LME aluminum futures fell $8 to $2527 per tonne. LME zinc futures rose $13 to $2984 per tonne. LME lead futures rose $6 to $1986 per tonne. LME nickel futures fell $64 to $15292 per tonne. LME tin futures fell $147 to $28542 per tonne. LME cobalt futures were flat at $24300 per tonne. ForexThe US Dollar Index against a basket of six major currencies rose 0.39% to close at 108.037 in the forex market at the end of the day. At the close of the New York forex market, 1 euro exchanged for $1.0412, down from $1.0445 the previous trading day; 1 pound exchanged for $1.2535, down from $1.2599 the previous trading day. 1 US dollar exchanged for 157.10 yen, up from 156.00 yen the previous trading day; 1 US dollar exchanged for 0.8985 Swiss francs, up from 0.8918 Swiss francs the previous trading day; 1 US dollar exchanged for 1.4372 Canadian dollars, up from 1.4353 Canadian dollars the previous trading day; 1 US dollar exchanged for 11.0322 Swedish Krona, up from 11.0087 Swedish Krona the previous trading day. Macro News US December consumer confidence index unexpectedly decreases for the first time in three months. Due to concerns about economic prospects, US December consumer confidence unexpectedly fell for the first time in three months. Data released on Monday by the World Business Federation showed that the December consumer confidence index, influenced by people aged 35 and older, fell to 104.7. The rebound in consumer confidence did not continue in December, and the index fell back to the midpoint level of the range it had been operating in for the past two years. However, the percentage of respondents who believed that job opportunities are abundant increased to 37% from the previous month, while the percentage of respondents who believed that jobs are hard to find decreased to 14.8%. US new home sales rebounded last month, with significant sales recovery in the southern region. Data shows that new home sales rebounded last month in the United States as builders and consumers completed transactions delayed by storms in the South, and buyers took advantage of significant sales incentives. Government data released on Monday showed that sales of new single-family homes increased by 5.9% last month, with an annual rate of 664,000. Last month, builders, especially in the South, the largest residential construction region in the United States, caught up as sales in the region fell in October due to hurricanes in the fall. Sales in the South rebounded by nearly 14% in November. Meanwhile, sales in the Midwest grew at the fastest pace since 2021. Sales in the Northeast and West declined. Potential buyers also had more choices. Last month, the supply of new homes for sale increased to the highest level since the end of 2007. Post-election orders heat up, with a significant increase in US commercial equipment orders in November. Data shows that there was a rebound in commercial equipment orders in US factories in November, achieving the strongest monthly growth in over a year. Data released by the government on Monday showed that the value of core capital goods orders (equipment investment indicators excluding aircraft and military equipment) increased by 0.7% last month after a revised 0.1% decline in October. As the elections have ended, businesses are now more confident in making long-term investments, resulting in rapid order growth. This data reflects signs of economic recovery in the United States after the elections, indicating that businesses are optimistic about the future economic outlook. With the rollout of the COVID-19 vaccine and the gradual economic recovery, commercial equipment orders are expected to continue to grow, providing support for steady growth in the US economy.The recent increase in orders may just be the beginning. Demand for high-priced goods may also be driven by buyers wanting to make purchases before prices increase due to new tariffs under the Trump administration. The report shows strong performance in orders for machinery, computers, and primary metals. Earlier this month, another optimistic sign emerged, with the new orders index in the manufacturing sector entering expansion territory for the first time in eight months, according to the November survey by the Institute for Supply Management.365 Copilot365 CopilotMicrosoft Corporation365 CopilotLai, this is different from Microsoft Corporation's recent boasting about its ability to access the OpenAI model. Sources say that in addition to training its own small models, including the latest Phi-4, Microsoft Corporation is also working to customize other open models to make 365 Copilot faster and more efficient. It is reported that this is aimed at reducing the cost of running 365 Copilot for Microsoft Corporation, and the saved costs may be passed on to end customers.MicroStrategy (MSTR.US) has bought Bitcoin for seven consecutive weeks. Between November 16, 2024 and December 22, 2024, MicroStrategy bought 5,262 Bitcoins at a price of approximately $5.61 billion, with each Bitcoin costing around $106,662. This resulted in a quarterly return of 47.4% and a year-to-date return of 73.7%. As of December 22, 2024, MicroStrategy holds 444,262 Bitcoins, with each Bitcoin priced at around $62,257, making the total value approximately $27.7 billion.

Contact: contact@gmteight.com