???? Inflationary Waves? BOJ Steers Steady

Hala,

??♂?? Venice is hiring gondoliers! Earn €150K to row, charm tourists, and look iconic in stripes.(1) Requirements: swim, row, and own a boat. If trading doesn’t work out, #PaddlePlanB ????

amana’s Take

• BlackRock Bitcoin bonanza hits Nasdaq! Options for BlackRock's iShares Bitcoin Trust ETF (IBIT) debut Tuesday, injecting fresh adrenaline into Bitcoin-linked trading. After a regulatory green light from the SEC and a thumbs-up from the Options Clearing Corporation, it’s all systems go for this milestone launch.
• BlackRock's IBIT is already the heavyweight champ among 11 spot Bitcoin ETFs, pulling in a staggering $29 billion this year—overshadowing the $27 billion total for the rest of the pack. Who says Bitcoin's only for the rebels?
• New toys, new moves? Analysts say these options could amp up liquidity and accessibility, while dialing up market volatility. Translation? A new playground for those seeking leveraged Bitcoin action without touching the actual coin.

???? The Dow slipped 55 points to 43,389.60 (-0.13%) as Wall Street braced for major earnings reports, while the S&P 500 tiptoed up 0.39% to 5,893.62. The Nasdaq 100, fueled by a Tesla surge and optimism around self-driving regulation, raced ahead 0.71% to 20,539.19.(2) ????

???? Meanwhile, Gulf markets took a dip on concerns that the Fed would slow its pace of interest-rate cuts, with Dubai sliding 0.6% to 4,713 and Abu Dhabi snapping its winning streak, dropping 0.6% to 9,387.(3)???????

???? BOJ Navigates Monetary Winds!

The Bank of Japan (BOJ) is steering its monetary sails with the precision of a seasoned captain, carefully adjusting its course amidst the gusty uncertainty of U.S. policies and inflationary tides at home.(4) Governor Kazuo Ueda, speaking from Nagoya, hinted at rate hikes but avoided any concrete timing—because why rush when the financial seas are this choppy? ????

???? Rate Hikes on the Horizon?

• Economic Compass: BOJ will monitor Trump’s potential tariffs and their ripple effects.
• Currency Currents: The yen hit a four-month low, adding inflationary pressure as Japan imports essential goods.
• Price Pressure: Japanese firms, feeling the sting of costly imports, may pass these onto consumers—but not too fast!
• Inflation Buoy: Ueda flagged risks of inflation overshooting the BOJ’s 2% target.
• Policy Bearings: Gradual tightening remains the mantra, with December’s policy meeting marked on the chart. ????

???? All Eyes on December

As Ueda emphasized gradual adjustments, the BOJ is like a skilled tightrope walker balancing inflation, growth, and international turbulence. With Japan’s firms and households on edge, the BOJ aims to make its next steps deliberate but impactful. The question looms: Will the December meeting bring a new chapter in Japan’s monetary policy playbook, or will the BOJ keep sailing steady? ????

?

Closer to Home?

• ?? Inflation in Dubai cooled to a 14-month low in October, with CPI slowing to 2.4% from September's 2.5%.(5) At this rate, your wallet might finally stop sweating! ??
• ?? Etihad Airways soared to a $368 million profit in the first nine months of 2023, up 66% from last year.(6) Looks like their profits took off faster than your vacation plans! ??
• ??? Saudi Arabia’s crude oil exports hit a three-month high in September, reaching 5.751 million barrels per day.(7) Clearly, they’re on a roll—barrel roll, that is! ???

What Else Is Trending

• ?? Tesla shares surged 5% on Monday after reports that Trump plans to fast-track self-driving car regulations.(8) Musk must be thinking, “Finally, a lane with no roadblocks!” ???
• ?? U.S. homebuilder sentiment climbed to a 7-month high in November, hitting 46 from October’s 43.(9) Seems like builders are more optimistic than your uncle after election night! ???
• ??? The Eurozone posted a trade surplus of €12.54 billion in September, beating expectations.(10) Looks like their trade balance is doing better than most of our budgets! ??
• Meanwhile, ?? Gold prices glittered on Monday, rising 1.71% to $2,614.10 as a weaker dollar and Russia-Ukraine tensions revived safe-haven demand. (11) Looks like gold is back to being everyone’s “golden” ticket! ?

??Quote of the Day

“Gradually adjusting the degree of accommodation in line with improvement in economic activity and prices will support long-term economic growth.” — Kazuo Ueda, BOJ Governor

amana.app

Sources::?(1) Pubity, (2) (8) (11)? CNBC, (3) (7)??Reuters, (4) The Wall Street Journal, (5) Khaleej Times, (6) Zawya, (9) (10) Trading Economics