š“ The US President-elect has chosen Republican Ken Casey to handle the tax file in preparation for implementing the tax cuts that Donald Trump describes as the political hallmark of 2025.
- This came as part of Trump's announcement of the members of the senior leadership team at the Treasury Department, who will work with Scott Bessent, whom he chose for the position of Secretary.
šµ Here are the most important developments in the markets:
ā¢ Gold prices stabilized near a three-week high due to the weakness of the dollar and increased demand for safe havens, and is heading for weekly gains
ā¢ The euro recovered slightly, but is on track to record its biggest weekly loss since last November due to expectations of a European interest rate cut and a widening interest rate gap between Europe and America.
ā¢ The Japanese yen rose, resuming its gains against the dollar after a two-day hiatus. It may achieve its first weekly gains.
ā“ļø Markets are awaiting important US data next week, including the non-farm payrolls report and the minutes of the Federal Reserve meeting.
šµ The dollar is on track for its best weekly performance in more than a month on Friday, supported by expectations of a slower pace of interest rate cuts this year and analysts suggesting the U.S. economy will continue to outperform the rest of the world.
š¢ Oil continues to rise after closing the previous session at its highest levels in more than two months, supported by increasing expectations that countries around the world will cut interest rates to stimulate economic growth.
š“ Urgent | šØ Tesla records its first annual decline in deliveries to 1,789,226 vehicles
šTotal deliveries in Q4 2024: 495,570 vehicles šTotal production in Q4 2024: 459,445 vehicles šTotal annual deliveries in 2024: 1,789,226 vehicles šTotal annual production in 2024: 1,773,443 vehicles
ā¬ ļø The data indicates a decrease in fourth-quarter deliveries compared to last year: a decrease of 1.8% compared to Q4 2023 (484,507 vehicles)
ā¬ ļø Decrease in annual deliveries in 2024 compared to 2023: a decrease from 1.81 million vehicles in 2023.
šµ Here are the most important developments in the markets:
ā¢ Bitcoin has lost a lot over the past few days with news of profit-taking, especially from old investors.
ā¢ While the pressure on Bitcoin increased after the US Federal Reserve stated that it will not cut interest rates in January 2025 and perhaps even in March.
ā¬ ļø Be careful with trading today as we have an annual closing tonight since today is the last trading day of 2024, some fluctuations may occur.
š Trading will remain weak, and tomorrow the market is completely off.
ā 12 financial tips you should adhere to if you want to become one of the rich .. š° 1 ā Do not mix your necessary expenses with your luxury expenses and your personal desires 2 ā Take care to save 10% of your income monthly to invest it later 3 ā Do not invest your money in a field you do not understand, and if you must, seek the help of an expert and specialist 4 ā Not investing your savings exposes them to erosion 5 ā Money quickly flees from the person who invests it in things he does not un
ā¢ Gold prices are heading for their biggest annual gains, supported by monetary easing in the United States, continued geopolitical risks, and increased central bank gold purchases.
ā¬ ļø Despite the decline in prices after Donald Trump's election victory, gold has risen by about 27% this year, outperforming most base metals.
ā¢ The Japanese yen fell due to caution from the Bank of Japan and concerns about the interest gap with the United States,
ā¢ While the dollar benefited from rising Treasury yields.
š“European markets settle in the red zone today, Monday, in the last trading session of the year, amid expectations of limited trading as it is set to close on the occasion of the New Year's holiday:
š»The European Stoxx 600 index falls by 0.33% to 505.50 points
š»The UK's FX100 index falls by 0.38% to 8,118.7 points
š»The German DAX index falls by 0.47%, and the French CAC index falls by 0.38%.