EUR/USD
1.16290
0.261%
Gold
4662.34
1.756%
Oil
59.456
0.332%
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157.846
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GBP/USD
1.33912
0.087%
GBP/JPY
211.379
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Real-time News
January 19th - On January 15th, Dai Houliang, Chairman of China National Petroleum Corporation (CNPC), met with Canadian Prime Minister Mark Carney in Beijing. The two sides exchanged views on promoting and expanding Sino-gas cooperation.The yield on Japans 40-year government bonds rose to 3.895%, a record high.On January 19th, Peng Yongtao, Director of the Service Industry Survey Center of the National Bureau of Statistics, stated that the service sector contributed 61.4% to national economic growth, an increase of 3.7 percentage points from the previous year; the service sector boosted GDP growth by 3.0 percentage points, an increase of 0.1 percentage points from the previous year; and the service sectors added value accounted for 57.7% of GDP, an increase of 0.9 percentage points from the previous year. In the fourth quarter, the added value of the service sector reached 21,594.8 billion yuan, a year-on-year increase of 5.2%, contributing 63.2% to economic growth and boosting GDP growth by 2.8 percentage points. The service sectors added value accounted for 55.7% of GDP. In December, the service sector production index increased by 5.0% year-on-year, 0.8 percentage points faster than in November.On January 19th, Hu Hanzhou, Director of the Energy Statistics Department of the National Bureau of Statistics, stated that under the "dual carbon" target, my country is actively promoting the green and low-carbon transformation of its energy sector. The proportion of coal consumption continues to decline, while the proportion of clean energy consumption is steadily increasing, further optimizing the consumption structure. By 2025, the proportion of non-fossil energy in total energy consumption will increase by approximately 2 percentage points compared to the previous year, surpassing oil to become the second largest energy source and the main driver of energy growth. Preliminary calculations indicate that total energy consumption in 2025 will increase by 3.5% compared to the previous year. After deducting energy consumption for raw materials and non-fossil energy, energy consumption per unit of GDP will decrease by more than 5% compared to the previous year. Energy consumption per unit of added value in industrial enterprises above a designated size has continued to decline for two consecutive years, achieving new results in industrial energy conservation and emission reduction.On January 19th, BetaShares Chief Economist David Barsanese stated that Trumps threats against Europe regarding Greenland could ultimately backfire. He pointed out that no self-respecting European country is likely to relinquish Greenland simply because of tariff threats. Furthermore, imposing higher tariffs on major trading partners will only exacerbate the risks facing the US economy, especially if Europe ultimately retaliates with trade measures. Barsanese added that if Trump is ultimately forced to concede and fails to obtain Greenland, it will once again expose the hollow nature of these threats and undermine all future negotiations.
