EUR/USD 1.15238
-0.036%
Gold 4106.88
0.080%
Oil 82.601
-0.057%
USD/JPY 160.094
0.367%
GBP/USD 1.34604
-0.036%
GBP/JPY 215.496
0.341%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
US officials say Hamass disarmament plan will be launched in the coming weeks.Microsoft (MSFT.O) shares closed up 15.5% on Thursday, marking the companys fourth-largest single-day gain and the largest single-day market capitalization increase in U.S. stock history. Investors welcomed its strong earnings report, breaking the recent generally sluggish market sentiment towards artificial intelligence-related companies. The stocks year-to-date decline narrowed to 5.8% from approximately 19.3% at Wednesdays close. Data analysis shows that this surge added $450 billion to Microsofts market capitalization, surpassing Nvidias $440 billion single-day gain on April 9, 2025, becoming the largest market capitalization increase in U.S. stock history.US President Trump: The Peace Committee has reached a historic agreement to completely disarm Hamas and all other armed groups in Gaza.Conflict Situation: 1. Russian Ministry of Defense: Russia launched a large-scale attack on Ukraine from the evening of the 29th to the early morning of the 30th. 2. Ukrainian officials: Russian missile and drone attacks killed at least eight people overnight. 3. Sources say the Russian Riyazan oil refinery ceased operations on Wednesday due to a drone attack. 4. Ukrainian military: The commander of the Ukrainian drone force stated that Ukrainian troops hit four Russian oil tankers in the Black Sea and the Sea of Azov. 5. Market news: Sources say Ukraine launched a drone attack on Russias Lukoil Perm oil refinery on Wednesday, causing a fire. 6. Market news: Agricultural market sources say a Ukrainian drone attacked a grain export terminal at the Russian port of Taman, causing significant damage. 7. According to CGTN: Local power plant officials stated that a drone belonging to the Ukrainian armed forces attempted to attack critical infrastructure at the Zaporizhia nuclear power plant. 8. Russian Ministry of Defense: Russia seized Chernyshevka in the Donetsk region, Malaslobidka and Mokhlitsia in the Sumy region, and Yurchenkov in the Kharkiv region. 9. Ukrainian President Zelensky: Kyiv and several other locations were attacked overnight. Russia used over 70 missiles and more than 280 attack drones in the attack. Over 260 drones were intercepted. Other developments: 1. Russia extends fuel export ban for 6 months. 2. Polish Prime Minister Tusk: Poland may consider providing Patriot missile interceptors to Ukraine. 3. Central Bank of Ukraine: Russian attacks on Ukrainian port infrastructure will result in a $2.5 billion loss of foreign exchange earnings. 4. EU: Has allocated €3.47 billion to Ukraine; the latest funds will be used for drones, missiles, air defense systems, and fighter jets. 5. Ukrainian President Zelensky: Signed a decree appointing Oleksiy Sobolev as Deputy Chief of Staff of the Presidential Office. 6. Latvian Ministry of Defense: Representatives of Ukraine and Latvia signed a memorandum of understanding in Riga on cooperation in the development, production, and testing of unmanned systems. 7. Market news: Sources say Russian oil exports through western ports in July are expected to decline by about 4% compared to June, as the Ukrainian attacks reduced shipments to the Black Sea.Vale (VALE.N) expects its nickel production to be between 185,000 and 200,000 tons in 2026, up from its previous forecast of 175,000 to 200,000 tons.

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