EUR/USD 1.18630
-0.068%
Gold 4934.60
-2.944%
Oil 62.475
-3.493%
USD/JPY 152.922
-0.226%
GBP/USD 1.36170
-0.081%
GBP/JPY 208.238
-0.294%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
German Chancellor Merz: Germany does not want to pay the price for other European countries.German Chancellor Merz: Does not support joint issuance of Eurobonds.February 13th - Sources familiar with the matter revealed that European companies seeking to expand their scale and enhance their competitiveness against non-EU rivals through acquisitions may see increased regulatory approvals when the deals involve a pan-European scale. The European Commission is planning to clarify the approval criteria for transactions when revising the merger and acquisition rules established in 2004. The draft revisions will be released for public comment in the spring, after which regulators will implement the changes. The EUs proposal to encourage more pan-European mergers and acquisitions comes at a time when companies, particularly telecom operators, are calling for relaxed EU merger and acquisition rules to facilitate expansion. Regulators want to promote pan-European mergers and acquisitions, rather than just inter-country deals aimed at increasing the market share of a few companies. Sources said that regulators will focus on five key benefits of mergers and acquisitions when evaluating transactions: innovation, sustainability, resilience, investment, and jobs. They indicated that companies citing innovation as a justification will be more likely to receive approval, as other factors are more difficult to quantify.German Chancellor Merz: With its strong economy and industry, Germany is able to cope with geopolitical realities.Sources indicate that the EU is comprehensively revising its merger and acquisition rules to facilitate pan-European deals. EU antitrust regulators will consider innovation, sustainability, resilience, investment, and jobs when assessing mergers and acquisitions.

WTI advances toward $75.00 as China-related demand optimism offsets recession fears

Daniel Rogers

Jan 09, 2023 11:55

244.png 

 

In the early hours of Monday, WTI steadily climbs near the intraday high of $74.70 as bullish emotion competes with economic slowdown worries. Despite this, the weaker US Dollar and a light schedule allow buyers of black gold to maintain control following Friday's mixed performance.

 

In spite of this, the risk profile remains elevated in light of China's reopening of its borders after a three-year closure. On the same line, Guo Shuqing, party secretary of the People's Bank of China, made his remarks (PBOC).

 

Reuters, transmitting China unlock news, claimed that "about 2 billion journeys are anticipated this season, roughly doubling the volume of previous year, and recovering to 70% of 2019 levels," citing a statement from the Chinese government.

 

On the other side, PBOC's Shuqing stated, "The world's second-largest economy is likely to recover rapidly due to the country's optimal Covid-19 response and the continued implementation of its economic policies."

 

The US Dollar Index (DXY) fell the most in three weeks the day before, down 0.20% intraday to 103.70 as of press time, as the US employment report failed to excite greenback purchasers and the US activity numbers stoked fears of an economic slowdown. It's worth mentioning that the previous day's disappointing US wage growth, ISM Services PMI, and Factory Orders weighed on Treasury bond yields and the DXY.

 

On a different page, reports regarding a delay in the restoration of the colonial pipeline and the Russia-Ukraine conflict appear to also benefit energy buyers. Traders fear additional rate hikes ahead of the release of the Consumer Price Index (CPI) for December from China and the United States on Wednesday and Thursday, respectively, which tests the positive momentum.

Suggestion