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Welcome to today’s market update! Here’s what’s moving the markets:📊 U.S. Data in Focus GDP holds steady at 2.3%, matching expectations and signaling stable economic growth. Unemployment claims rise to 242K (vs. 222K expected), hinting at some labor market weakness. Durable goods orders surge 3.1%, beating expectations and supporting manufacturing optimism. Pending home sales fall -4.6%, showing continued struggles in the housing sector.🌍 Global Market Trends Eurozone inflation pressures remain, with Spanish CPI rising to 3.0%. Japan’s industrial production contracts by -1.0%, reflecting economic slowdowns. The ECB’s monetary policy meeting accounts suggest cautious optimism but no rush to cut rates.💰 Market Reactions DXY (Dollar Index): Mixed movement—GDP and durable goods data support the dollar, but weak unemployment and housing numbers may limit gains. Bitcoin (BTC): $50,300 (-0.7%) Gold: $2,035/oz (+0.4%) Silver: $23.80/oz (+0.3%)That’s your quick market update—stay tuned for more insights. If you enjoy these updates, consider supporting the podcast at Buy Me a Coffee! ☕🚀 [https://buymeacoffee.com/jicoing]
Welcome to today’s market update! Here’s what’s moving the markets:📊 U.S. Data in Focus GDP holds steady at 2.3%, matching expectations and signaling stable economic growth. Unemployment claims rise to 242K (vs. 222K expected), hinting at some labor market weakness. Durable goods orders surge 3.1%, beating expectations and supporting manufacturing optimism. Pending home sales fall -4.6%, showing continued struggles in the housing sector.🌍 Global Market Trends Eurozone inflation pressures remain, with Spanish CPI rising to 3.0%. Japan’s industrial production contracts by -1.0%, reflecting economic slowdowns. The ECB’s monetary policy meeting accounts suggest cautious optimism but no rush to cut rates.💰 Market Reactions DXY (Dollar Index): Mixed movement—GDP and durable goods data support the dollar, but weak unemployment and housing numbers may limit gains. Bitcoin (BTC): $50,300 (-0.7%) Gold: $2,035/oz (+0.4%) Silver: $23.80/oz (+0.3%)That’s your quick market update—stay tuned for more insights. If you enjoy these updates, consider supporting the podcast at Buy Me a Coffee! ☕🚀 [https://buymeacoffee.com/jicoing]