Morning Market Update - 09.01.2025

📉 Wall Street Recap

Yesterday’s trading session was a mixed bag 🎭, but buyers ultimately took the lead.

📊 Indices:

S&P 500 📈 +0.2%

DJIA 📈 +0.2%

Nasdaq 100: Almost flat.

💵 Treasury Yields: Fell from 4.72% to 4.66%.

📉 The US dollar lost some strength, but it remains resilient.

🛑 Reminder:

The US stock market is closed today to honour former President Jimmy Carter.

📋 Key Highlights from Yesterday:

📄 Fed Minutes:

No surprises in December's FOMC minutes. Officials stressed caution amid persistent inflation risks.

🗨️ Fed’s Waller commented on:

Tariffs: Impact on inflation remains unclear.

Inflation Outlook: Expected to ease toward the 2% target.

📊 Labour Market Data:

ADP Employment: Weaker-than-expected: 120k vs. 140k forecast.

Jobless Claims: Surprisingly low, near 200k vs. 220k expected.

📉 Volatility Alert: The S&P 500 options market implies 1.2% movement post-report—the highest since September.

💳 Consumer Credit:

November figures showed a sharp drop:

Actual: $-7.49B vs. $10.5B forecast.

Revolving Credit: Plunged $-13.73B (previously +$15.15B).

🌏 Global Updates:

🇨🇳 China Inflation:

PPI: Fell -2.3% y/y (better than expected).

CPI: +0.1% y/y (slightly below November's +0.2%).

🇦🇺 Australia Retail Sales:

+0.8% y/y in December (missed +1% expectations).

📈 Markets Overview:

US Futures: Slight losses.

VIX: Up nearly 2% after yesterday's drop.

Oil: Small gains.

Natural Gas: Retreats -2%.

Bitcoin: Struggling at $94k. Sentiment remains subdued.

📢 Investor Focus:

According to a 22V Research survey:

Only 26% expect today’s NFP data to improve risk appetite.

40% see it as bearish ("risk-off"), while 34% anticipate mixed signals.

🌍 Geopolitical News:

🇺🇸 Donald Trump reiterated the need to "return the Panama Canal" to the US, blaming China for profiting from it.

🇹🇼 Taiwan announced the formation of a foreign legion to bolster defences in case of conflict with China.

Stay tuned for updates at https://nordfx.com/market-news! 📈📉