World Market News of the 12 January with FXOpen
PRICE PRESSURES PERSIST
An inflation report for December showed consumer prices increased more than expected. CPI rose 0.3% in December, according to the Labor Department data, slightly more than expectations of a 0.2% rise. On an annual basis, CPI was up 3.4% year on year, also above a 3.2% rise predicted by economists polled by Dow Jones. The increase in prices was mainly driven by higher shelter costs. Source: CNBC
BITCOIN RALLIES TO 2-YEAR HIGH OF $49,000 THEN FIZZLES AS CRYPTO ETFS DEBUT
Bitcoin rose in volatile trading Thursday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the US, as expected.
The cryptocurrency was last up 1% at $46,289.15, according to Coin Metrics. Earlier, it punched above $49,000, reaching levels not seen since December 2021. Meanwhile, the price of ether jumped 5% to May 2022 highs. It last traded at $2,594.60. Source: CNBC
OIL PRICES JUMP MORE THAN 2%
Oil prices rose after Britain and the United States carried out military strikes against targets in Houthi-controlled areas of Yemen, as tensions in the Red Sea mount further.
Global benchmark Brent jumped 2.25% higher to $79.15 a barrel Friday Asia trading hours, while the U.S. West Texas Intermediate futures climbed 2.4% to $73.75 per barrel. Source: CNBC