As Trump’s inauguration countdown begins, a &#34;bull market celebration&#34; unfolds in the global financial markets.
The Dow Jones Industrial Average and the S&amp;P 500 index in the U.S. recorded their largest weekly gains since November, the European STOXX 600 index rose for four consecutive weeks, setting a new five-month record, the UK FTSE broke its historical high, the Hong Kong Hang Seng Index recorded its best performance in nearly three months, and the CSI 300 also saw an increase of nearly 3% last week.
Additionally, as the Trump team signaled support for cryptocurrencies, Bitcoin surged 14%, breaking through $105,000.
This wave of global asset appreciation is driven by multiple favorable factors, including cooling U.S. inflation, dovish statements from Federal Reserve officials, steady economic growth in China, and the European Central Bank hinting at possible future interest rate cuts.
<h2>U.S. Stocks Lead the Way, Tech Stocks Shine</h2>
Last week, the U.S. stock market experienced its best weekly performance since November, with both the Dow Jones Industrial Average and the S&amp;P 500 index recording gains.
Moreover, with U.S. Treasury yields falling, the Nasdaq Composite Index also saw an upward trend.
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On the fundamentals, the latest data showed that the U.S. December CPI inflation accelerated year-on-year but met expectations, while core CPI was below expectations both year-on-year and month-on-month, leading the market to anticipate that the Federal Reserve will continue its rate-cutting pace.
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Additionally, Federal Reserve Governor Waller and Chicago Fed President Goolsbee made dovish remarks, further reinforcing market expectations for Federal Reserve rate cuts.
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<h2>Bitcoin Soars, Trump May Support Cryptocurrencies</h2>
Bitcoin prices also saw a significant increase, marking the largest weekly gain since the November U.S. elections, with a rise of 14%, breaking through the $105,000 mark.
Reports indicate that the Trump administration plans to prioritize cryptocurrencies as a national priority and establish a cryptocurrency advisory committee to promote policy development in the industry.
Some analysts believe this news has boosted market confidence, as the market digests expectations surrounding Trump’s inauguration and his optimistic stance on cryptocurrencies. Zaheer Ebtikar, founder of Split Capital, stated:
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&#34;The market is pricing in Trump’s inauguration and his optimistic attitude towards cryptocurrencies.&#34;
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<h2>European Stock Market Strongly Rebounds, Setting Record for Longest Weekly Gains in Nearly Five Months</h2>
The European stock market continued its upward trend, with the pan-European Stoxx 600 index rising by 0.7%, marking its fourth consecutive week of gains and setting a record for the longest weekly gains in nearly five months; the UK FTSE 100 index rose by 1.3%, reaching a historic high.
The index has accumulated over 2% this week, with interest rate-sensitive sectors such as construction and industrials leading the way, rising by 1.6% and 1.5% respectively.
IG Senior Technical Analyst Axel Rudolph pointed out that funds are shifting from overvalued U.S. stocks to undervalued European stocks, with the weak euro and pound further driving this trend.
On the fundamental side, data shows that the eurozone's December inflation figures met expectations, alleviating inflationary pressures.
Additionally, the European Central Bank's indication of potential future interest rate cuts has also boosted market sentiment. According to the Dutch Financial Daily, ECB Executive Board member Elderson stated that the work on interest rate cuts is not yet finished, but the timing and extent of future policy easing remain uncertain.
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<h2>Hong Kong Stocks Achieve Best Weekly Performance in Three Months</h2>
The Hong Kong stock market also performed strongly.
This week, the Hang Seng China Enterprises Index rose over 3%, marking its best weekly performance since October 4.
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The CSI 300 also recorded an increase of nearly 3%.
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Market analysts noted that market sentiment improved following news that President-elect Trump's team is considering gradually increasing tariffs.
Additionally, China's GDP is expected to grow by 5% year-on-year in 2024, with robust economic growth also boosting market sentiment.
Overall, in the week leading up to Trump's inauguration, global stock markets experienced a broad rally, with optimistic market sentiment. Future market trends will still need to focus on the policy direction of the Trump administration and the strength of the global economic recovery

GBTC

U.S. stocks achieved their best weekly performance in November, European stocks recorded four consecutive gains, Hong Kong stocks posted their best performance in three months, the CSI 300 index rose nearly 3% for the week, and Bitcoin surged 14% to surpass $105,000

- As Trump’s inauguration approaches, global financial markets experience a bullish rally, with significant gains in U.S. stocks and European indices.  
- Bitcoin surged 14% to over $105,000, fueled by signals of support for cryptocurrency from Trump's team, alongside favorable economic indicators like easing U.S. inflation and dovish comments from Federal Reserve officials.  
- Overall, the week leading up to Trump's inauguration saw a widespread market uptrend, with optimism driven by anticipated policies and global economic recovery.

A week before Trump's inauguration, global stock markets surged, with China, the U.S., and Europe all rising