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06:40
Nikkei 225 Index closed down 510.78 points on December 18, and the Korea KOSPI Index closed down 61.9 points.
Jinse Finance reported that on December 18 (Thursday), the Nikkei 225 Index on a certain exchange closed down 510.78 points, a decrease of 1.03%, at 49,001.50 points. On the same day, the KOSPI Index on a certain exchange in Korea closed down 61.9 points, a decrease of 1.53%, at 3,994.51 points.
06:38
Opinion: Bitcoin's short-term downside target price is $70,000
BlockBeats News, on December 18, crypto analyst @alicharts shared a market view stating that bitcoin is breaking out of a flag consolidation pattern, with a target price of $70,000.
06:36
Bitunix Analyst: Limited Credibility of CPI, Possible Rate Cut by Bank of England, ECB Turns Cautious—Global Policy Divergence Intensifies, Crypto Market Focuses on Liquidity Expectations
BlockBeats News, December 18, the U.S. November CPI will be released tonight. Due to previous government shutdowns and holiday factors, the data collection period for this inflation report was significantly shortened and highly concentrated, making it difficult to fully reflect the inflation trend. The market expects November CPI year-on-year to be around 3.1%, and core CPI around 3.0%. However, several institutions have cautioned that the reliability of the data is questionable, and tariff factors still pose potential upward pressure on commodity prices, so interpretation should remain cautious. On the same evening, the Bank of England is highly likely to announce a 25 basis point rate cut to 3.75%. The recent rapid decline in inflation, coupled with weakening economic and employment data, has significantly increased the likelihood of Governor Bailey turning dovish. The market has priced in this rate cut at over 90%, but it is also widely believed that the UK rate cut cycle is nearing its end, with limited policy room in the future. In contrast, the European Central Bank is expected to remain on hold. Economic data in the eurozone has exceeded expectations and inflation remains stable near the target, shifting the market focus from "whether to cut rates" to "whether easing has ended," and even starting to discuss the possibility of medium- to long-term rate hikes. However, the threshold for policy adjustments remains high in the short term. Bitunix analyst: Against the backdrop of distorted U.S. data, the UK entering a rate-cutting phase, and Europe trending towards a neutral to hawkish stance, global monetary policy divergence is becoming more pronounced. For the crypto market, short-term volatility will be driven more by macro expectation differences and liquidity pricing rather than by individual data points. Close attention should be paid to the movement of the U.S. dollar and changes in risk asset sentiment.
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