MARKTKOMPASS
Consumer Confidence Declined in the US
Ahead of tomorrow’s growth data and Freitag’s PCE Price Index, which will provide information about the health of the US economy, the Conference Board (CB) Consumer Confidence data was on the agenda in global markets yesterday.
The uncertainty and unpredictability brought by the new US President’s administration caused consumer confidence in the country to fall to its lowest level since August 2021. In addition, according to CB data, consumers’ inflation expectations rose.
This deterioration in consumer confidence ahead of critical data caused investor sentiment to continue to deteriorate and, along with concerns over Trump’s “tariffs”, served as the main driver of asset prices. US stock markets fell, 10-year bond yields and the dollar declined, while digital assets were also negatively affected.
In Search of Stabilization in the Markets
After yesterday’s decline in Wall Street indices due to concerns about the US economy’s ability to grow and inflation, global markets are more balanced this morning. Asian stock markets have a mixed outlook. Hong Kong stocks supported the positive momentum after DeepSeek reopened its API service, which had been suspended for 3 months. US and European futures stock indices are slightly positive.
The State of Digital Assets
The decline in digital assets, which started with the hacking incident, expanded with the impact of the deterioration in traditional markets. While risk aversion caused major cryptocurrencies to lose value, Bitcoin, which fell to around $ 86,000 during European transactions yesterday, managed to find some balance and reaction afterwards.
Today is not a busy day in terms of the economic calendar, but market sentiment regarding the health of the US economy and possible statements from the Trump administration will remain under scrutiny. We maintain our expectation for crypto assets to be volatile in the short term, pressured in the medium term and bullish in the long term.
HIGHLIGHTS OF THE DAY
Wichtige Daten des Wirtschaftskalenders
| Zeit | Nachrichten | Erwartung | Vorherige |
|---|---|---|---|
| Conflux (CFX) – XSpace with GraFun | |||
| 13:30 | FOMC Member Barkin Speaks | - | - |
| 15:00 | US New Home Sales (Jan) | 679K | 698K |
| 17:00 | FOMC-Mitglied Bostic spricht | - | - |
INFORMATIONEN
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RECHTLICHER HINWEIS
The investment information, comments and recommendations contained in this document do not constitute investment advisory services. Investment advisory services are provided by authorised institutions on a personal basis, taking into account the risk and return preferences of individuals. The comments and recommendations contained in this document are of a general type. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based only on the information contained in this document may not result in results that are in line with your expectations.
