Bitcoin rose by 4.5% and stood at $100,000 again. Bitcoin strengthened again today, rising by 4.5% in the day and standing at $100,000 again. Ethereum rose more than 6% and approached $3,800.Toronto stock index GSPTSE rose 0.21% to 25,558.81.Market News: The US CPI report in November may suggest that the core PCE index, the inflation indicator favored by the Federal Reserve, may rise slightly to 2.9% in the last two months of 2024.
Bank of Canada: Wage growth shows signs of slowing down, but wage growth related to productivity is still at a high level.Bank of Canada: Other federal and provincial policies will affect the dynamics of demand and inflation; The central bank will pay attention to potential trends. The decline in the level of immigration shows that the GDP growth in 2025 will be lower than the forecast of the central bank in October; Its impact on inflation will be more moderate.Fitch: The progress of inflation decline seems to have ended. Brian Coulton, chief economist of Fitch, said that the decline of core commodity prices (the main force of inflation decline this year) seems to have ended. With the increase of automobile prices, the core commodity prices rose by 0.3% month-on-month. Service inflation is declining, but the rate of decline is very slow, because rent inflation is stubborn, and the service inflation is 4.6%, which is still far higher than the pre-epidemic level.
The yield of Italian 10-year government bonds fell to the lowest level since mid-August 2022, at 3.162%.Futures closed at night, domestic main futures contracts rose more and fell less, futures closed at night, domestic main futures contracts rose more and fell less, coke rose 0.77%, coking coal rose 0.43%, iron ore rose 0.25%, rebar rose 0.18% and coil fell 0.03%.The price of natural gas futures in the United States continued to rise, with an increase of 5%.
Strategy guide
Strategy guide
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