As of December 23, 2024, global financial markets are exhibiting notable trends across various asset classes.
Equities:
U.S. Markets: The SPDR S&P 500 ETF Trust (SPY) is trading at $591.15, reflecting a modest increase of 0.85% from the previous close. Similarly, the SPDR Dow Jones Industrial Average ETF (DIA) stands at $428.54, up 0.94%. These movements contribute to the S&P 500's impressive 24% rise over the year, driven by advancements in artificial intelligence and robust economic growth.
Cryptocurrencies:
Bitcoin (BTC): Currently priced at $95,717, Bitcoin has experienced a slight decline of 0.75% over the past 24 hours. Despite this minor dip, Bitcoin has surged by 128% this year, influenced by supportive regulatory appointments and increased institutional adoption.
Ethereum (ETH): Trading at $3,326.43, Ethereum has decreased by 0.82% in the last 24 hours. The cryptocurrency market continues to display volatility, with Ethereum and other digital assets experiencing fluctuations in line with broader market sentiments.
Currencies:
EUR/USD: The Euro to U.S. Dollar exchange rate is currently at 1.05, indicating a 7% appreciation of the dollar over the year. This strengthening is attributed to investor enthusiasm following the U.S. presidential election and proposed economic policies.
Bonds:
Global bond markets have attracted record inflows exceeding $600 billion in 2024, driven by some of the highest yields in decades amid easing inflation and central bank interest rate cuts. Developed and emerging market bond funds have seen significant investments, with corporate bonds particularly favored for their higher yields compared to government debt.
