Market update: 7 January 2025
It’s been a busy week in the markets, and as we close out the year, there’s plenty to unpack. The S&P 500 jumped 1.3%, the Nasdaq climbed nearly 2%, and the Dow Jones gained 0.8%. It’s a promising setup, but the Australian dollar has had a tough run, down nearly 9% against the US dollar this year. That weaker Aussie dollar could complicate things for the Reserve Bank of Australia (RBA), as it may keep inflation a little too high for comfort.
Closer to home, property markets remain a hot topic. Experts are advising caution heading into 2025, with house prices softening across major cities. If you’re thinking about property, this might be the time to explore less risky options. Meanwhile, capital raising is on everyone’s radar. Sectors like technology, energy, and real estate are expected to see plenty of activity this year, following a record-breaking 2024 for equity markets.
In global news, Goodman Group is making waves by expanding into the U.S. with backing from Norway’s sovereign wealth fund. This move reflects strong demand for industrial real estate, even as markets stay wary of potential global headwinds. Speaking of commodities, oil prices rose last week amid geopolitical tensions, while gold slipped down.
Cryptocurrency continues to spark interest, with Bitcoin holding steady just above $102,000 USD ($163,000 AUD) as of 07/01/2025. It’s a reminder that, while traditional markets have been volatile, digital assets are carving out a space of their own.
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