This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe. South Korea's Kospi rose 1.3%. It was boosted by shares of Samsung Electronics, which climbed around 3.6% even as the company moves to restore free expression and move to a Community Notes model, similar to the system on Elon Musk's platform X.
Employees took to their internal forum and raised as much as $2 billion at a $60 billion valuation, CNBC has confirmed. The funding round is being led by Lightspeed Venture Partners, according to a person familiar with the matter. Anthropic, which has been backed heavily by investors, is considered favorable in this Trump 2.0 era, according to GIB Asset Management's portfolio manager Kunal Desai. India is an attractive investment destination because of its monetary sovereignty and improving return on equity, Desai said. While Marks isn't calling it a bubble, he's concerned over signs of froth in equities. Here's what investors should pay attention to, according to Marks. An inflation reading typically secondary to more significant data points like the consumer price index, is sending shock waves through the market. The price index for December's ISM report jumped to 64.4% from 58.2% in November, representing a rise of more than 10%. It's the first time since January 2024 the reading has come in above 60%, noted Steve Miller, chair of ISM's Business Survey Committee. That might only be the start of an unwelcome upward trend. Miller attributes some of the expansion in service activity to risk management for impacts from ports strikes and potential tariffs — both of which generate inflationary pressures. U.S. Treasury yields climbed to 4.699% during the U.S. trading day, the highest level since April 26. They also dialed down their expectations for a 25 basis points rate cut at the U.S. Federal Reserve's January meeting, pricing in a
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inflation Concerns and Market VolatilityThis news piece discusses rising inflation concerns, market volatility, and Anthropic's fundraising efforts. It examines the impact of inflation on the U.S. market, the outlook for interest rates, and the potential for stagflation in the UK.
Read more »
Market Volatility and Inflation Concerns Grip InvestorsCNBC Daily Open reports on market anxieties fueled by a tepid debt auction, potential stagflation in the UK, and soaring inflation readings. The report also covers Anthropic's fundraising efforts, Howard Marks' cautious outlook on the stock market, and rising U.S. Treasury yields.
Read more »
Whale Deposits $72 Million in Bitcoin to Kraken, Raising Concerns About Market VolatilityA large Bitcoin whale continues to deposit significant amounts into Kraken, potentially signaling a liquidation strategy. This activity raises concerns about market volatility and downward pressure on Bitcoin's price.
Read more »
Market Volatility: Is the US Stock Market in a Bubble?The article discusses the current state of the US stock market, highlighting the record highs of the Nasdaq, the Dow's recent losing streak, and the flat performance of the S&P 500. It analyzes the market's exuberance, potential for a pullback, and the attractiveness of traditional S&P 500 investments.
Read more »
Market Reaction to Fed Rate Cut: Sell-Off and Rising Inflation ConcernsThe stock market reacted negatively to the Federal Reserve's recent rate cut, with major indices experiencing significant declines.
Read more »