Key Takeaways:
- 💵 Dollar rose for a second straight session with bond yield ascent
- 📈 10-year U.S. Treasury note hit 4.73%, highest level since April 25
- 🇺🇸 Trump considering national economic emergency for tariffs
- 📉 ADP National Employment Report showed private payrolls growth slowdown
- 📉 Weekly initial jobless claims fell to an 11-month low
- 📊 Markets predict 39 basis points of easing from Federal Reserve this year
- 📉 Sterling weakened to $1.2339, lowest level since April 22
- 💴 Dollar gained against the yen to 158.36, nearing 160 level
- 💼 Jaguar Health will be presenting at the Lytham 2025 Investor Conference on January 13
- 📈 Discussing the company’s latest developments and upcoming events
- 🌎 Opportunity to learn more about the pharmaceutical company’s future plans
- 💡 Investors can gain insights into Jaguar Health’s potential growth strategies
- 📉 Euro down 0.36% at $1.0302 against the dollar
- 📉 Dollar index rises against a basket of currencies
- 📰 Pay attention to the Fed meeting minutes
- 🤔 Japanese consumer sentiment declines
Market Insights:
Amidst rising U.S. bond yields, the dollar strengthened for a second consecutive day. The 10-year U.S. Treasury note yield reached a high of 4.73%, the highest level since April 25. President-elect Donald Trump is contemplating emergency measures for tariffs, adding to the economic uncertainty. However, conflicting data on the U.S. labor market, with a slowdown in private payrolls growth but a decline in initial jobless claims to an 11-month low, has investors on edge.
On the international front, the euro weakened against the dollar, while the sterling hit its lowest level since April 22. Japanese consumer sentiment also saw a decline, further adding to the global economic concerns. Markets are predicting modest Federal Reserve easing, with 39 basis points expected this year. Investors are advised to pay close attention to the upcoming Fed meeting minutes for further insight into the market direction.