EUR/USD
1.16969
0.016%
Gold
4225.59
-0.058%
Oil
58.524
-0.432%
USD/JPY
155.692
-0.210%
GBP/USD
1.33720
-0.060%
GBP/JPY
208.197
-0.254%
Real-time News
On December 11, Moore Threads surged more than 16%, with its share price exceeding 856 yuan and its total market value exceeding 400 billion yuan.Futures News, December 11th: PTA prices initially fell and then rose this week. The main reason was that expectations of inventory accumulation initially weighed on the market, but geopolitical tensions coupled with the Federal Reserves interest rate cut boosted the crude oil market, pushing up PTA prices. According to industry seasonal patterns, demand is expected to fall to a low level in January and February, accelerating PTA inventory accumulation and negatively impacting the market. However, the US seized an oil tanker near the coast of a South American country, and the Federal Reserve lowered interest rates as expected, leading to higher crude oil prices and increased cost support for PTA. In the short term, attention should be paid to whether geopolitical tensions escalate; a slight increase in PTA prices is expected in the near term.On December 11th, ING stated that the market expects the Federal Reserve to cut interest rates by another 50 basis points in 2026. Given the current economic growth, low unemployment, stock market near record highs, and inflation closer to 3% than the Feds 2% target, there seems to be little reason for further policy easing by the Fed. Nevertheless, we suspect the inflationary backdrop will become more favorable for rate cuts in the coming months, thus providing dovish voices. While the threat of tariffs remains, its impact is arriving slower and weaker than feared. This buys more time for factors such as declining energy prices, slower rent growth, and weaker wage growth to alleviate inflation, and we believe this will push inflation closer to 2% faster than the Fed expects. Furthermore, given that the employment component of the Feds dual mandate appears more concerning (note that Powell stated the Fed believes recent job growth figures were overestimated by 60,000), we expect the Fed to cut rates twice in 2026, predicting 25 basis point cuts in March and June respectively.Japanese Chief Cabinet Secretary Minoru Kihara: We are closely monitoring the potential impact of the US financial situation following the Federal Reserves interest rate cut on the Japanese economy.According to Nikkei: Japan plans to introduce tax incentives to stimulate capital spending.
