📈 Report of 08/14
💥 Storm in the Market: Bitcoin Soars and PPI Surprises! 📊🔥
➡️ Global Markets:
opened stable (0 to 0) after marking new historical records. Investors are now awaiting economic data to define next moves.
➡️ USA:
Producer inflation (PPI) comes in above expectations, rising 3.3%. This could change the game and reduce the chances of an interest rate cut on 09/17 (until yesterday, the probability was close to 100% according to CME Group).
➡️ Brazil:
Fiscal risk comes back to the agenda — of the R$ 30 billion package to compensate companies affected by the “Tarifaço”, R$ 9.5 billion will be outside the fiscal framework 🤡. Market fears impact on public accounts.
➡️ Crypto in Focus:
Bitcoin skyrockets and hits $124,496 after a surge in interest for altcoins on Google, reaching its highest level since 2021 🚀.
➡️ Institutional Flow:
🤩 Inflow of $86 million into Bitcoin ETFs
🤩 Inflow of $729 million into Ethereum ETFs
💹 Quotes
💰 Bitcoin: $120,588.56
🪙 Ethereum: $4,707
💵 Dollar: R$ 5.39
💶 Euro: R$ 6.30
💷 Pound: R$ 7.31
#CreatorPad #MarketGreedRising