Quiet markets to start the new year but US equities and crypto were higher with Bitcoin approaching USD 100,000 again. This is probably a reaction to all the "markets are going to crash" experts getting it wrong. They'll be right soon but so will a stopped clock. In trading it's timing that's more important than price.
The USD was slightly weaker which took some pressure off.
But bonds are telling us another story.
Equity markets at c.o.b Friday
JGB yield back up to the level in 2012 as Ueda continues to talk rate hikes.
Japan 10 Year Government Bond Yield Daily
US 10 year treasury yields continue to tick back up.
US 10 Year Government Bond Yield Daily
Despite all the stimulus the stock market can't seem to rally further.
Shanghai Composite Daily
And the USD / YUAN peg looks as though it's broken.
USD / OFFSHORE YUAN Daily
According to credible sources Canada PM Trudeau is to resign as early as today, possibly making Canada yet another country without a leader joining Germany, France and Spain. I would add the UK too.
Canada’s Trudeau Is Likely to Resign This Week, Globe Reports [Globe & Mail]
Trump's sentencing for the hush money saga is scheduled for 10th January.
Germany CPI December 2024