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Strategists at Citigroup say the current 4.5 per cent rise in US stocks this year may already be the best short-term outcome because of the risks posed by Mr. Trump's policy proposals. The team, led by Scott Chronert, said investors were betting that Mr. Trump's "America First" policies would have a "pro-business" impact. "We...
Barron's reports that the Federal Reserve has signaled that it is in no hurry to cut interest rates further as inflation continues to rise. Investors will look to the Fed's meeting notes for clues as to how long interest rates can remain at current levels. President Trump's new fiscal policies, namely deregulation, tax cuts, and potential stimulus measures, could boost economic growth, further reducing the need for continued rate cuts. In addition, tariffs and immigration policies could both exa...
Argentina's president, Javier Milei, is facing impeachment threats for backing a cryptocurrency called LIBRA, which was purportedly designed to support small businesses but actually crashed and lost billions of dollars in value within hours. In an X post published late Friday (now deleted), Millay promoted LIBRA as a privately run project to raise funds for small and medium-sized companies in Argentina, adding that he would not personally benefit from the project.
In the week to February 14, Chinese lithium carbonate prices fell on expectations of increased supply. One Chinese trader remains optimistic about the market outlook.
Mr. Powell will be grilled on multiple fronts as investors look for clues about monetary policy at the hearing, which has received "excessive attention" from Mr. Trump.
Well-known U.S. Supreme Court lawyer Tom Goldstein has been re-arrested for failing to disclose the crypto wallets he controls. Prosecutors accused him of concealing $8 million in crypto transactions and transferring over $6 million in crypto assets in the past five days, finding it a serious absconding risk. Federal court documents in Maryland show that Goldstein violated bail conditions and provided misinformation to the court, and prosecutors asked for his bail eligibility to be revoked, argu...
Chicago Federal Reserve President Goolsbee said the Federal Reserve must be cautious in cutting interest rates due to economic uncertainty. He noted in a radio interview that despite strong consumer spending and economic growth, there are concerns that inflation could rise again. Goolsbee stressed that fiscal decisions affecting prices and employment need to be carefully evaluated. He also warned that it could be difficult to distinguish inflation from temporary effects such as economic overheat...
DeepSeek was grilled by Irish privacy authorities over its use of data.
The Spring Festival holiday is approaching, and Hong Kong stocks will be closed on the afternoon of January 28 (Tuesday). On January 29 (Wednesday), January 30 (Thursday), and January 31 (Friday), the market will be closed for three days. On February 3 (Monday), the market will open normally, and the north-south trading will resume on February 5 (Wednesday).
Official news: Due to the restructuring of the palm oil fund, Indonesia has temporarily frozen financial support for palm tree replanting projects.
On January 16, it was reported that Upbit, the largest cryptocurrency trading platform in South Korea, received a notice of business suspension from the financial regulator for violating the customer confirmation system (KYC) and failing to fulfill its anti-money laundering obligations. According to the news from the financial industry on the 16th, the Financial Intelligence Analysis Unit (FIU) of the Financial Commission issued a pre-notice to Upbit on the 9th of this month on the content of sa...
On January 16, WTI crude oil futures touched $80 a barrel for the first time since August last year and set a new high since July last year, as new sanctions against Russia by Western countries began to affect crude oil supplies and US inventories tightened. Buyers of Russian oil are increasingly turning to other suppliers, with some countries, including India, saying they will bar sanctioned tankers from entering the country after the United States imposed its toughest sanctions to date. Freigh...
Oil prices in the United States and Burkina Faso both rose to 2% in early trading, as the impact of last week's U.S. energy sanctions on Russia continued.
As UK government bond yields soared again, the pound fell nearly 1% against the dollar GBP/USD during the day to 1.2245, continuing to brush a new low since November 2023.
Bank of America predicted that the Trump administration's aggressive tariffs could force the Fed into wait-and-see mode because of concerns about inflation. Aditya Bhave, the bank's US economist, said in a note to clients on Wednesday that "there are increasing signs of an upward trend in inflation" and that, given the timing of the change of administration, the Fed may have completed its last rate cut of the cycle. "What...
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