EUR/USD 1.16111
0.029%
Gold 4606.77
-0.201%
Oil 59.412
0.487%
USD/JPY 158.178
-0.274%
GBP/USD 1.33962
0.105%
GBP/JPY 211.903
-0.159%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 16th, according to Tianyancha Intellectual Property Information, Tesla Inc. recently applied to register two "Tesla Smart" trademarks, classified in the international categories of scientific instruments and website services. Both trademarks are currently awaiting substantive examination.On January 16th, according to Tianyanchas business registration information, Beijing Taoyuanchuang Technology Co., Ltd. was recently established. The legal representative is Lian Wenzhao, and the registered capital is 8 million RMB. Its business scope includes software development, intellectual property services, copyright agency, information consulting services, information technology consulting services, network technology services, apparel manufacturing, apparel research and development, and apparel accessories manufacturing. A comprehensive equity structure analysis shows that the company is wholly owned by Taotian Co., Ltd., which is a wholly-owned subsidiary of Taobao (China) Software Co., Ltd.On January 16th, the China National Committee on Ageing and China Life Insurance Company Limited signed a strategic cooperation agreement in Beijing. According to the agreement, during the 15th Five-Year Plan period, both parties will jointly dedicate themselves to the development of the elderly care industry, improve modern insurance services for the elderly, and support the development of the elderly care industry. The cooperation will focus on areas such as conducting national education on population aging, organizing special research on elderly-related issues, developing elderly-related insurance, promoting the social participation of the elderly, and creating a strong social atmosphere of respecting, loving, and helping the elderly.On January 16, both sides reaffirmed their commitment to multilateralism, support for the UNs central role in international affairs, and commitment to maintaining and improving the rules-based multilateral trading system with the World Trade Organization at its core, as well as safeguarding the stability and smooth operation of global industrial and supply chains. Canada attaches importance to the global governance initiatives proposed by China. Both sides agreed to jointly promote the improvement of global governance and strengthen cooperation on issues such as accelerating the implementation of the UN 2030 Agenda for Sustainable Development and reforming the international financial system. Canada supports Chinas hosting of the 2026 APEC summit and looks forward to the success of all activities throughout the year. Canada also thanked China for supporting Canadas bid to host the 2029 APEC summit. Both sides will seek to strengthen exchanges and cooperation within the G20 framework and agreed to deepen cooperation in the climate and environment fields through mechanisms such as the Ministerial Conference on Climate Action, the China-Canada International Cooperation Committee on Environment and Development, the Kunming-Montreal Global Biodiversity Framework, and cooperation documents such as the Memorandum of Understanding on Climate Change Cooperation between China and Canada and the Memorandum of Understanding on Environmental Cooperation between China and Canada.On January 16, both sides agreed to strengthen law enforcement cooperation in accordance with their respective laws to combat corruption, transnational crimes such as online and telecommunications fraud, and synthetic drugs. Both sides agreed to continue the annual meeting mechanism of the China-Canada Law Enforcement Cooperation Working Group, with anti-drug dialogue as an important component, to achieve more concrete results in safeguarding the safety of the people of both countries.

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