Stocks rise in anticipation of Powell. Bitcoin has been at the top for 19 months, and has spread towards 170

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(El Sol 24 Raw Radiocor) – A wonderful November has been achieved European stock exchanges It rises in the first session of December, supported by investor optimism regarding…Reducing inflation On both sides of the Atlantic, which bodes well for potential interest rate cuts from the Federal Reserve next year. All eyes are on the Fed’s first man’s speech Jerome Powell Scheduled for this evening, it is hoped it will provide guidance on monetary policy.

On the macro front, we also look at the data Manufacturing SMEs For the European Union, the United Kingdom, Italy, France and Germany, while in the United States of AmericaISM Manufacturing It fell more than expected in November. at the same time,Chinese industrial activity November saw a significant expansion as the Caixin/S&P global manufacturing index rose to 50.7 from 49.5 in October, representing the fastest expansion in three months.

this is the way FTSE MIB indicator Milan, in addition to other continental arenas: Madrid (Ibex 35), Paris (CAC 40(and Frankfurt)DAX 40).

Wall Street is down. ISM falls more than expected. Bitcoin is at the top

Wall Street in Slight decreaseAfter the Dow Jones recorded its highest close of 2023 on the eve, marking November as the best month since October 2022. November was the best month since July 2022 for the S&P 500 and Nasdaq, with increases of 8, respectively, 9% and 10.7%. toInflation has slowedCausing the largest monthly declines since 2019 in 10- and 30-year Treasury yields. The Fed is expected to make its next interest rate decisions in less than two weeks: On the last two occasions, interest rates have been confirmed at 5.25%-5.5%. Traders no longer believe rates can be raised any further and continue to be partly betting (44.8%) on the first rate cut as early as March. Manufacturing activity index American he is decreased In November more than expected. Data prepared by IHS Markit, which measures the trend, fell in the final reading to 49.4 points From 50 pips in October. Expectations were for 49.6 points.

the Bitcoin is rising To more than $38,100, after reaching $38,800, which is the maximum price it reached during the past 19 months. Cryptocurrencies in general continue to enjoy widespread optimism about the next moves of US regulators, which are expected to approve the first moves soon. Spot ETFs On Bitcoin, any regulated financial instrument, its price replicates the value of the underlying asset, in this case the market price of Bitcoin. The introduction of ETFs would attract a new wave of investors.