EUR/USD 1.18656
-0.070%
Gold 4990.66
-0.832%
Oil 62.766
0.273%
USD/JPY 153.085
0.218%
GBP/USD 1.36399
-0.116%
GBP/JPY 208.811
0.103%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 16th, the National Copyright Administration announced its third batch of key works for copyright protection warning in 2026. Seven theatrical films, including *Pegasus 3*, *Silent Assassination*, *The Legend of the Swordsman*, *Panda Project: Tribal Adventure*, *Star River Dream*, *Boonie Bears: Every Year*, and *Night King*, were included on the list. The National Copyright Administration requires relevant internet service providers to take the following protective measures for the key works on the copyright protection warning list: internet service providers that directly provide content may not provide works on the copyright protection warning list without permission; internet service providers that provide storage space should prohibit users from uploading works on the copyright protection warning list; and relevant internet service providers should expedite the processing of notifications from copyright holders of works on the copyright protection warning list regarding the removal of infringing content or the disconnection of infringing links.Beihai Kangcheng-B (01228.HK) rose 11% after the company announced earlier that it would issue new shares to a subsidiary of WuXi Biologics at a discount of nearly 15%.February 16th - Tencent Wealth Managements current account + 7-day annualized yield ranges from a maximum of 1.4000% to a minimum of 0.8430%, WeChat Pays 7-day annualized yield ranges from a maximum of 1.2140% to a minimum of 1.0300%, and Alipays Yuebaos 7-day annualized yield ranges from a maximum of 1.2050% to a minimum of 1.0130%.The Hang Seng Index erased its losses and turned positive, rising 0.10%.Meituan (03690.HK) fell 2.0% to a new low during the session after the company issued a loss warning.

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