📈 Stocks / Finance

Dollar Faces Pivotal Week Amid Fed Rate Speculation

Reuters

The dollar remains steady ahead of a critical week for U.S. rate expectations, while the yen gained on rising BOJ rate hike bets. Markets see a 65% chance of a Fed cut in December. Euro faces political uncertainty in France, and ECB rate cuts remain possible.

JPMorgan Opts Out of Transition Finance Trend

Yahoo Finance

JPMorgan has rejected the transition-finance trend, diverging from peers like Wells Fargo and Citigroup. Linda French, JPMorgan's head of sustainability, argues that focusing on labels rather than economic viability ignores investors' priorities, potentially creating a distraction in climate finance.

Jobs Report and Fed Rate Decision Loom Over Market Sentiment

Yahoo Finance

November labor data, including job growth and unemployment, will be crucial for investors assessing the likelihood of a Fed rate cut on Dec. 18. Markets see a 66% chance of a cut, though softening labor conditions may temper expectations. Salesforce and Lululemon earnings are also in focus.

🪙 Crypto

XRP Overtakes Solana in Market Capitalization

CoinTelegraph

Ripple's XRP flipped Solana's market cap, becoming the fourth-largest cryptocurrency with a $122 billion market cap. XRP's rise is driven by recent product developments, ETF filings by 21Shares and WisdomTree, and rumors of Elon Musk's investment. Ripple also announced a tokenized money market fund.

🌎 Global Economy

Trump Threatens 100% Tariffs on BRICS Nations Over Currency Plans

The Guardian

Donald Trump has threatened 100% tariffs on BRICS nations if they pursue a new currency to rival the US dollar. This could fuel US inflation and disrupt global trade. Stephen Innes noted Trump’s "blistering proposal" aligns with his 'America First' policy, increasing fears of a global trade war.

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