Big News (traders and investors)

Scotcoin's Upcoming Exchange Listing:

Scotcoin, Scotland's native cryptocurrency, plans to list on a major exchange in February 2025, aiming to raise £200 million. The funds will support partnerships providing essential goods and services, accepting Scotcoin as payment.

Stock Market Movements:

Asian shares are mostly lower after Wall Street holds firm. In Japan, the Nikkei 225 dropped by 1.4% due to robust wage growth data, which might prompt interest rate increases. Hong Kong's Hang Seng index rose by 0.1%, while the Shanghai Composite fell by 0.3%.

Quantum Computing Stocks Decline:

Quantum computing stocks like IonQ and Rigetti saw significant drops. Meanwhile, stocks such as Tradeweb Markets and Netflix held up well.

Deutsche Bank's Market Outlook:

Deutsche Bank projects that European stocks will see a tactical outperformance compared to US stocks in 2025. Factors influencing this outlook include improved macroeconomic data in Europe, lower interest rates, rising earnings, and potential positive surprises from China.