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According to the Financial Times, British politicians are calling for a competition review of Netflix's (NFLX.O) acquisition of Warner Bros.
The European Automobile Manufacturers Association (EADA) reported that Tesla's (TSLA.O) market share in the EU, UK, and EFTA fell to 3% in December, while BYD's was 2.4%; Tesla's pure electric vehicle market share was 11.4%.
January 27th, Futures News: Economies.com analysts' latest view: Spot gold prices have risen in recent intraday trading, having successfully corrected significant overbought pressure indicated by the Relative Strength Index (RSI). The indicator is currently in deeply oversold territory relative to price action, providing new upward momentum and pushing prices further towards new historical resistance levels. This strong performance is attributed to the continued action of dynamic support, with gold prices currently trading above the 50-period exponential moving average (EMA50). With the short-term bullish trend dominating, gold prices are moving along the support trendline of this trend, further increasing the likelihood of continued gains in subsequent trading sessions.
On January 27th, Amundi, Europe's largest asset manager, stated that the deepening international isolation of the United States is prompting many investors to reduce their holdings of dollar assets and shift towards gold. Vincent Motiejunas, Chief Investment Officer of Amundi, said that the weakening of the dollar's status also stems from the massive US fiscal deficit and the uncertainty surrounding future Federal Reserve policies. He stated, "We have consistently allocated to gold for the past two and a half years and believe this trend will continue because, in the long term, gold effectively hedges against currency devaluation risks and is an ideal tool for maintaining purchasing power." Motiejunas pointed out that current gold demand mainly comes from institutional investors such as central banks and sovereign wealth funds. He analyzed that Trump's continued pressure on traditional allies will eventually come at a price. Allies cannot tolerate this bullying forever, and new alliances are forming. Europe's shift in stance on the Greenland issue is significant, indicating that pressure may give rise to new forms of resistance. Global funds are forced to seek new wealth reserves. "The key question is, where to go after selling off the dollar?" Motiejunas admitted, "Gold has become a realistic option."
January 27th, Futures News: Economies.com analysts' latest view: WTI crude oil prices retreated in the recent trading day, attempting to find higher support levels as a technical bottom to help accumulate the upward momentum needed for a price recovery. This pullback has placed prices under pressure from the 50-day exponential moving average (EMA50); meanwhile, the main bullish trend driving the market in the short term remains intact, with prices currently moving along the secondary trendline supporting this trend. Meanwhile, the Relative Strength Index (RSI) has entered extremely oversold territory, with a bullish divergence pattern becoming increasingly apparent, coupled with a bullish crossover signal, which could pave the way for a subsequent rebound.
January 27th, Futures News: Economies.com analysts' latest view: Brent crude oil futures prices retreated during the previous trading day, attempting to find higher lows to provide the bullish momentum needed for a rebound. In the short term, the main bullish trend remains dominant, with prices moving along the secondary support trendline. Meanwhile, the Relative Strength Index (RSI) has entered oversold territory and shows a significant divergence from price action, indicating a potential positive divergence. Furthermore, prices are supported by the 50-day EMA, further enhancing the likelihood of a short-term price rebound.
On January 27th, Barclays analysts stated in a research report that Kunlun Chip's Hong Kong listing is expected to bring added value to its parent company, Baidu (09888.HK). The analysts pointed out that Baidu's core advertising business is facing significant pressure, "with multiple AI chatbots already installed on consumers' mobile phones, the usage of traditional search engines may decline more rapidly." However, the analysts believe that current investor enthusiasm for Baidu's AI chip business has offset the challenges facing its advertising business. Analysts predict that Kunlun Chip's revenue will reach $1.5 billion to $2 billion by 2027. Based on a valuation of $25 billion to $30 billion, Baidu's 60% stake in Kunlun Chip could bring an additional $15 billion to $18 billion in value.
On January 27, President Xi Jinping met with Finnish Prime Minister Orpo at the Great Hall of the People in Beijing. Xi Jinping emphasized that both sides should deepen mutually beneficial cooperation and achieve more fruitful results in areas such as energy transition, circular economy, agriculture and forestry, and technological innovation. He welcomed Finnish companies to "swim" freely in the "sea" of the Chinese market and enhance their global competitiveness. Xi Jinping pointed out that China is willing to work with Finland to firmly uphold the international system with the United Nations at its core and the international order based on international law, jointly address global challenges, and promote an equitable and orderly multipolar world and inclusive economic globalization. China and the EU are partners, not rivals; cooperation outweighs competition, and consensus outweighs differences. He hoped that Finland would play a constructive role in promoting the healthy and stable development of China-EU relations. Orpo stated that Finland is willing to work with China to implement the important consensus reached by the two heads of state, maintain close high-level exchanges, deepen pragmatic cooperation in trade, investment, digital economy, clean energy, agriculture, and other fields, and improve the well-being of the people of both countries.
On January 27th, Hubei Governor Li Dianxun delivered the government work report to the Fourth Session of the 14th Hubei Provincial People's Congress. The report outlined the main expected goals for Hubei's development in 2026: to create over 700,000 new urban jobs, to ensure residents' income growth keeps pace with economic growth, and to maintain grain production above 50 billion jin (25 million tons); to stabilize major consumption items such as housing, automobiles, and home appliances; to implement a paid staggered leave system for employees; to advance the construction of 12,200 new and ongoing projects with investments exceeding 100 million yuan, including the Three Gorges Waterway New Channel; to accelerate the construction of a nationally influential science and technology innovation hub and strengthen and utilize the National Technology Transfer Center in Central China; to fully implement zero-based budgeting reform; to conduct a province-wide pilot program to extend land contracts for another 30 years after the second round of land contracts expires; and to advance the construction of 55 expanded pilot projects and 30 key urban renewal areas.
On January 27th, the Zhejiang Provincial Department of Culture and Tourism issued a document to support large-scale commercial performances such as concerts and music festivals held in Zhejiang Province, and to encourage performances to have their only national stop, premiere in Zhejiang, or begin their tour in Zhejiang. The document provides subsidies for eligible performance projects. On January 27th, a staff member from the Zhejiang Provincial Department of Culture and Tourism stated that, according to the document, eligible performance companies will receive subsidies ranging from 200,000 to 1 million yuan. Companies within the province, except for those in Ningbo, are eligible to apply.
January 27th - The Fourth Session of the 14th Qinghai Provincial People's Congress convened today in Xining, with Qinghai Governor Luo Dongchuan delivering the government work report. The report outlines the main expected targets for Qinghai's development in 2026 as follows: GDP growth of around 4.5%, striving for even better results; over 60,000 new urban jobs, over 1.06 million rural laborers transferred to other jobs, and an urban surveyed unemployment rate of around 5.5%; a consumer price index increase of around 2%; per capita disposable income growth in line with economic growth; total grain output maintained above 1.1 million tons; water quality of the main streams of the Yangtze, Yellow, and Lancang Rivers within Qinghai Province consistently maintained at Class I or above; air quality ranking among the best in the country; and achieving the national targets for carbon emission control and major pollutant reduction.
On January 27th, Hong Kong stocks opened higher across the board, with the Hang Seng Index rising as much as 1.6%. At midday close, the Hang Seng Index stood up 1.07%, returning to the 27,000-point mark; the Hang Seng Tech Index rose 0.2%. Heavyweight tech stocks showed mixed performance, with Bilibili (09626.HK) surging over 5%, Alibaba (09988.HK) rising 2.18%, while JD.com (09618.HK), NetEase (09999.HK), and Tencent Music (01698.HK) fell over 1%. Gold stocks continued to rise, with Zijin Mining (02899.HK) up over 4% and Zijin Gold International (02259.HK) up over 10%, both hitting record highs. Insurance and banking stocks were also active. Meanwhile, steel, nuclear power, water, and coal stocks were mostly weak.
The yield on Japan's 30-year government bonds rose 3.5 basis points to 3.655%.
Indian Oil Corporation executives said the company will source 50% of its oil through long-term contracts in fiscal year 2027.
Indian oil executives say purchases of Russian oil have slowed.
Indian oil company executives said Venezuelan oil was being offered at a discount of $4 to $5 per barrel to Dubai crude.
Indian Oil Corporation executives said the company will purchase at least 24 million barrels of oil from Brazil in fiscal year 2027, compared with 18 million barrels in fiscal year 2026.
South Korea's ruling party aims to pass a special bill on the US trade agreement by the end of February.
On January 27th, according to foreign media reports, Malaysian palm oil futures opened higher on Tuesday, following gains in soybean oil, a competitor on the Dalian Commodity Exchange, but a stronger ringgit limited intraday gains. The Malaysian ringgit rose 0.2% against the US dollar to 3.9540, its highest level since mid-May 2018. Crude oil prices fell on Tuesday, despite severe winter storms impacting crude oil production along the US Gulf Coast and affecting refineries. The softening of crude oil futures prices reduced the attractiveness of palm oil as a feedstock for biodiesel.
On January 27th, it was reported that on January 26th, BYD Auto Industry Co., Ltd. and ExxonMobil (China) Investment Co., Ltd. signed a long-term strategic cooperation memorandum at BYD's headquarters in Shenzhen, marking a new stage of cooperation between the two parties in the field of new energy hybrid technology. Both parties will continue to leverage their innovative capabilities in joint technology research and development and成果转化 (technology transfer), focusing on deepening cooperation in areas such as customized product development, technology collaboration and standards co-construction, and joint brand empowerment, while actively exploring more collaborative innovation possibilities in the application of new materials.
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