World Market News of the 11 January with FXOpen
SEC ENDS CRYPTO DRAMA BY GIVING THE GREEN LIGHT TO 11 BITCOIN ETFS
The moment the crypto world wanted finally happened Wednesday. And this time it was for real.
Regulators on Wednesday gave money managers the green light to launch 11 spot bitcoin exchange-traded funds, allowing everyday investors to get exposure to the world’s largest cryptocurrency without having to own it.
The ETFs, which begin trading Thursday, could make bitcoin a potential staple in 401(k)s, IRAs, and pension plans and give it mainstream acceptance. Source: Yahoo Finance
INFLATION REPORT AWAITED
December inflation data, set to be released on Thursday, could very well challenge the market’s perception of how soon the Federal Reserve will start cutting interest rates and by how much. Consumer prices would’ve likely edged higher last month, with expectations by Dow Jones pointing to a 0.2% rise in the final month of 2023, and 3.2% increase for the full year. Source: CNBC
S&P 500 FUTURES TICK HIGHER, INVESTORS BRACE FOR DECEMBER INFLATION REPORT
Futures tied to the S&P 500 inched up Thursday morning as Wall Street prepared for the latest inflation data and the start of the fourth-quarter earnings season.
S&P 500 futures added 0.16%, while Nasdaq 100 futures advanced 0.3%. Dow Jones Industrial Average futures gained 47 points, or 0.12%. Source: CNBC