EUR/USD
1.16878
-0.212%
Gold
4422.12
2.603%
Oil
56.738
0.459%
USD/JPY
156.997
0.001%
GBP/USD
1.34310
-0.521%
GBP/JPY
210.869
0.063%
Real-time News
On January 5th, Saxo Bank analyst Charu Chanana wrote in a report that, in the short term, Venezuela is not the kind of shock factor that would automatically tighten global supply, thus forcing a significant repricing of oil prices. Even if the political path shifts to a more constructive one, crude oil production will be difficult to recover quickly. The industry needs capital, equipment, manpower, and properly functioning infrastructure; this is a years-long rebuilding process, not a rapid restart. She also pointed out that Venezuelas oil industry has long suffered from a lack of funds and limited infrastructure. For oil prices to achieve a sustainable repricing, geopolitical factors must manifest in actual disruptions to the supply chain or trigger broader regional shocks.On January 5th, He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, jointly attended and addressed the China-South Korea Business Forum with South Korean President Lee Jae-myung in Beijing. He Lifeng pointed out that China and South Korea should actively promote the upgrading of economic and trade cooperation under the strategic guidance of the important consensus reached during the mutual visits of the two heads of state, and continuously create a new situation of win-win cooperation. China will unswervingly expand high-level opening-up and welcomes enterprises from all countries, including South Korean enterprises, to invest and do business in China and share development opportunities. Lee Jae-myung stated that cooperation between South Korea and China in various fields has deepened in recent years, and South Korea is willing to strengthen mutually beneficial cooperation with China to bring more benefits to the people of both countries. The forum was co-hosted by the China Council for the Promotion of International Trade and the Korea Chamber of Commerce and Industry. Approximately 400 representatives from the governments and business communities of both countries participated.On January 5th, the Chongqing Municipal Commission of Housing and Urban-Rural Development and the Municipal Cyberspace Administration jointly issued a notice announcing a 10-month special campaign to rectify the online environment related to the real estate sector throughout the city. This campaign will focus on real estate marketing accounts on major social media platforms, short video platforms, and live streaming platforms, with a particular emphasis on strengthening the supervision of self-media accounts opened by real estate companies, real estate agencies, and their employees. The campaign will focus on six main areas: 1. Rectifying the use of false low-priced listings to attract traffic, strictly prohibiting the publication of false housing information, and using the starting price of foreclosed properties to impersonate the transaction price, and severely punishing illegal information used to attract traffic. 2. Rectifying the distortion of real estate policies, strictly prohibiting the alteration or fabrication of policy texts, and resolutely dealing with false information. 3. Investigating and punishing the fabrication and dissemination of rumors about the real estate market, cleaning up and rectifying false information, cracking down on behaviors that create the illusion of "real sales," and legally investigating and punishing the dissemination of similar false rumors. 4. Rectifying information that maliciously undermines the real estate market, strictly prohibiting the hype surrounding individual housing transaction prices, rectifying the distortion of market interpretations in live streams, and severely punishing clickbait headlines. Investigate and punish those who fabricate and profit from information that infringes on the rights of enterprises; severely crack down on acts such as extorting money from real estate companies; and strictly prohibit the use of syndicated accounts to exert pressure through hype. Regulate the release of market data and research reports, and strictly prohibit the fabrication and dissemination of false data and misinformation.The yield on Japans 20-year government bonds rose 6 basis points to 3.045%, a record high.Japanese Prime Minister Sanae Takaichi: We will continue to promote economic growth.
