EUR/USD
1.17454
-0.001%
Gold
4323.45
0.104%
Oil
56.674
-1.316%
USD/JPY
156.595
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GBP/USD
1.34911
0.133%
GBP/JPY
211.268
0.099%
Real-time News
U.S. stocks opened higher but closed lower, with the Dow Jones Industrial Average and S&P 500 both turning negative.Ukrainian President Zelensky: Ivashenko, the head of the Foreign Intelligence Service, will be appointed as the new head of the Military Intelligence Service.Intel (INTC.O) extended its gains to 8%.On January 2nd, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, stated that while manufacturers continued to increase output in December, suggesting the goods-producing sector will contribute to further strong economic growth in the fourth quarter, the outlook for early 2026 looks less optimistic. In fact, the gap between production growth and declining orders is the largest since the 2008-2009 global financial crisis. Unless demand improves, current factory production levels are clearly unsustainable. If production capacity has to be reduced, employment will also be adversely affected. A key factor contributing to concerns about sales is the extent to which producers will have to pass on higher costs to consumers in the form of price increases, with the cost increases still largely attributed to tariffs. Input cost inflation slowed to its lowest level since January of last year in December, providing some encouragement. However, while this cost trend suggests that the impact of tariffs on inflation peaked as early as the summer, costs are still rising at a high rate month-on-month, indicating that cost increases for U.S. businesses continue to outpace those of their competitors in most other major economies.The final reading of the S&P Global Manufacturing PMI for December in the United States was 51.8, in line with expectations and the previous reading of 51.8.
