with US stock markets bitcoin‘s correlation increased investors’ interest in the markets that open at 16.30 every day.
bitcoin Even if you are an investor, you should keep a close eye on what is happening in other markets. Here’s what you need to know before the markets open today:
US Futures Negative
While it is being discussed whether the FED will continue its aggressive interest rate hikes, US stock markets closed in the red last week. US futures are down more than 1% in a negative open today. While the eyes are turned to the Jackson Hole meeting on Friday, it is evaluated that risk appetite may be low during the week.
Before this meeting, DXY rose above 108 again.
Euro/Dollar parity decreased to 1 level again.
JP Morgan Strategists Hopeful for Rest of Year
While JP Morgan strategists expect another big rate hike from the FED, they think the “big rate hike” in September will be the last of these. According to strategists, US stock markets will continue to rally in the second half of the year.
Interest Rate Reduction from China
While the US continued to raise interest rates to fight inflation, a different move came from China. The turmoil in the housing market and concerns about the economic slowdown caused China to cut interest rates. Analysts said this move will not have a huge impact, but China’s willingness to increase liquidity is encouraging.
US and South Korea Launch Joint Military Exercise
North Korea’s announcement that it could launch a few missiles and conduct nuclear tests during the year increased the concerns in the Korean peninsula.
Due to Covid, the exercises in the region were reduced. According to Reuters, the United States and South Korea began their largest joint military exercise since 2017.
Tesla Raises “Automatic Driving Assistant”
The automatic driving assistant, known as FSD, will receive a 25% increase. Elon Musk announced in a Twit at the weekend that the price of FSD will increase to $ 15 thousand.
Citi Expects UK Inflation to Exceed 18%
US banking giant Citibank updated its UK inflation expectations to 18% and 21% for the first quarter of 2023 in a research note released on Sunday.
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