EUR/USD
1.16827
-0.046%
Gold
4451.19
-0.969%
Oil
56.863
0.076%
USD/JPY
156.543
-0.079%
GBP/USD
1.34868
-0.108%
GBP/JPY
211.132
-0.123%
Real-time News
On January 7th, analysts at Berenberg Bank stated in a report that accessible luxury goods stocks such as Kering and Swatch may face difficulties as consumer purchasing power declines. The analysts wrote that the obstacle for consumers will be "spending power" rather than "spending willingness," and the fate of American luxury goods buyers is closely linked to the health of the US stock market. On Wednesday, European luxury goods stocks fell across the board, with Kering down 4.3%, Moncler down 3.8%, and Burberry down 3.45%.Chairman of the Board of Warner Bros. Discovery Inc. (WBD.O): The company is highly open to a transaction with Paramount Skydance.British Prime Minister Starmer: There is no disagreement between Britain and the United States on the issue of security guarantees for Ukraine.On January 7th, Bert Colijn of ING stated in a report that the European Central Bank (ECB) can wait for more economic data before deciding on its next move. Eurozone inflation fell to its target level of 2.0% in December from 2.1% in November. He pointed out that looking ahead to the next few months, a stronger euro, low energy prices, and slowing wage growth all suggest that price increases will further moderate. However, due to recent increases in business expectations for selling prices, inflation is not expected to fall significantly below 2%. Colijn believes that inflation may face renewed upward pressure later in 2026, as fiscal spending is expected to provide a modest boost to economic growth. He added that the ECB is "fully capable of waiting for more signals about the direction of the economy and inflation before deciding on its next move."January 7th - U.S. mortgage rates fell to their lowest level since September 2024 last week, offering a glimmer of hope for a sluggish housing market at the start of the new year. According to data released Wednesday by the Mortgage Bankers Association (MBA), the contracted rate for a 30-year mortgage fell 7 basis points to 6.25% in the week ending January 2nd. The rate for a 30-year large mortgage used to purchase an expensive home fell to 6.32%, the lowest point since April 2023. These figures are encouraging for a housing market that has struggled with affordability issues in recent years. According to the National Association of Realtors (NARL), pending orders have risen for four consecutive months, indicating a strengthening sales momentum as the new year begins. Despite the decline in borrowing costs, the MBAs seasonally adjusted homebuying index fell 6.2% last week. However, reduced buyer interest and increased volatility around the year-end holidays are normal. Meanwhile, the refinancing measure rose 7.4% after adjustments.
