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Barclays expects the Federal Reserve to cut interest rates by 25 basis points each in June and December, compared to previous forecasts of cuts in March and June.

On January 12th, according to Tianyancha business information, Changsha Haxing Network Technology Co., Ltd. was recently established. The legal representative is Yang Chenxi, the registered capital is US$10 million, and the business scope includes machinery and equipment leasing, shared bicycle services, information system integration services, electric bicycle sales, personal business services, internet sales, ticket agency services, centralized fast charging stations, and cloud computing equipment sales.

The China Earthquake Networks Center officially reported that a magnitude 3.0 earthquake occurred at 13:41 on January 12 in Yunlong County, Dali Prefecture, Yunnan Province (25.63 degrees north latitude, 99.07 degrees east longitude), with a focal depth of 10 kilometers.

January 12th - Driven by strong Black Friday sales, Australian household spending in November 2025 is projected to rise 1.0% month-on-month. Citigroup stated that, given the increased spending, it has revised its fourth-quarter 2025 household consumption growth forecast upwards to 1.5% from 1.0% (the previous forecast was already high). Citigroup economist Faraz Said added that quarterly GDP growth may far exceed the Reserve Bank of Australia's (RBA) expectations. Therefore, Citigroup maintains its previous assessment that the RBA will need to raise interest rates in February and May.

January 12th, Futures News: Economies.com analysts' latest view: Brent crude oil futures prices fell during the session, with the market exhibiting volatile trading as it digests the clearly overbought condition on the Relative Strength Index (RSI), especially given the negative signals from related indicators. Currently, prices are accumulating bullish momentum, which may help prices rise again. Meanwhile, Brent crude oil futures remain under dynamic support, with prices trading above the 50-day EMA, further enhancing the likelihood of a price rebound in the near future.

January 12th - According to sources, Federal Housing Finance Agency Director Jerry Pulte was a key figure behind the Trump administration's decision to subpoena the Federal Reserve. Some sources indicated that some of Trump's allies were concerned about the move, fearing that the legal action against Fed Chairman Jerome Powell would disrupt the bond market. They also worried that it would prevent Powell from leaving the Fed after his term expires in May. Powell could continue serving as a Fed governor until 2028, but he has not indicated whether he will leave as is customary. Some sources said that some of Trump's senior aides were only informed of the subpoena on Friday night when Powell received it.

Jefferies: Raises its price target for Boeing (BA.N) from $255 to $275.

On January 12th, Google announced on the 11th that it will partner with major retailers such as Walmart to expand the shopping functionality of its Gemini AI model, upgrading the Gemini app from a "smart assistant" to a "virtual merchant" capable of directly completing transactions. The Gemini app will introduce an "instant checkout" feature, allowing consumers to purchase goods from select merchants within the chat interface, without needing to open any external interface. Walmart's incoming president and CEO, John Furner, stated that the shift from traditional web or app search to "agent-driven commerce" represents the next major evolution in the retail industry. Industry insiders believe that the application of AI in e-commerce and its impact on consumer behavior will be a key focus of the conference. Google stated that the shopping functionality of the Gemini AI model will initially be available only to US users, but will expand to international markets in the coming months.

On January 12, Clover Biotech (02197.HK) announced that its Pre-F trimeric subunit recombinant protein respiratory combination vaccine candidates SCB-1022 (RSV+hMPV) and SCB-1033 (RSV+hMPV+PIV3), developed based on the company's self-developed Trimer-Tag vaccine R&D platform, have completed the first batch of subject enrollment in Australia and officially started Phase 2 clinical trials.

On January 12th, Citigroup pointed out that Indonesia's fiscal deficit this year may far exceed the statutory limit, as the government increases spending on the nationwide free meal program and reconstruction projects in flood-stricken provinces of Sumatra. In a report on Monday, Citigroup economist Helmi Arman revised his 2026 budget deficit as a percentage of GDP upward to 3.5% from the initial 2.7%. Citigroup's base case assumption is that the government will amend the National Fiscal Law by the second half of this year to relax the long-standing 3% fiscal deficit cap. Arman stated that if the authorities choose to significantly cut spending to maintain fiscal discipline, they may avoid exceeding the limit. He predicts that by 2029, Indonesia's debt-to-GDP ratio will rise from approximately 39% in 2025 to 42%.

January 12th - In 2025, the judicial auction market showed a year-on-year decline in the number of listings, transactions, transaction value, and average price. A total of 719,000 units were listed for auction (down 6.6% year-on-year), with 169,000 units sold (down 4.4% year-on-year), for a total transaction value of 253.62 billion yuan (down 23.6% year-on-year), and an average discount rate of 74.1%. Residential properties were the core property type (accounting for 51.9% of transaction value), with second-round auctions accounting for the highest proportion of transactions (46.9%). Regionally, high-priced properties were concentrated in first-tier and core second-tier cities, with Shenzhen, Shanghai, and Beijing forming the first tier. Meanwhile, regional differentiation intensified, with significant differences in performance among key cities. The transaction structure optimized, with second-round auctions becoming the core transaction channel, and bidders preferring to make purchases at more attractive prices. The judicial auction market exhibited an independent cyclical trend, with monthly transaction volume and value significantly affected by the court's enforcement pace, showing marked fluctuations.

On January 12th, JPMorgan Chase raised its target price for UBTECH Robotics Corp. (09880.HK) from HK$154 to HK$169, primarily reflecting an increase in the expected price-to-revenue ratio for fiscal year 2027 from 12x to 13x, in line with the latest industry average; it maintained its "Overweight" rating. The bank noted that UBTECH's share price surged 130% in 2025, making it one of the best-performing stocks in the Asian automation and robotics sector. While the company's performance has been stable year-to-date and broadly in line with major indices, the bank remains positive on its prospects. The bank believes that although the industry and UBTECH are still in their early stages with limited commercialization, these risks are gradually mitigating due to substantial progress in commercialization, increased customer adoption, and strong policy support from the US-China competition for leadership in humanoid robots.

On January 12th, it was reported that four new coastal carbon dioxide lidar systems were recently deployed to surrounding islands and nearshore areas in Shenzhen, including Xichong, Yantian, Xiwang Park, and Dachang Island. According to the Shenzhen Municipal Bureau of Ocean Development, Shenzhen is accelerating the construction of a comprehensive intelligent marine observation network. In addition to the latest 24-hour marine carbon monitoring system, the Shenzhen Marine Development Promotion Center, relying on the marine disaster prevention and control system project, recently deployed 27 high-precision marine observation buoys. The project is large-scale, involves heavy construction tasks, and has high technical standards, providing long-term support for improving the precision and intelligence of Shenzhen's marine observation and forecasting operations.

On January 12, at the 30th (2026) China Capital Market Forum, experts believed that to implement a more proactive fiscal policy, government debt management should be a key focus of fiscal work in 2026, and that it is necessary to adhere to the close integration of "investing in things" and "investing in people" to promote the stabilization of investment.

On January 12th, Baisheng Intelligent announced that it recently signed a "Strategic Cooperation Agreement on Parking Lots" with Baolong Group, with a planned total cooperation amount of 200 million yuan. Baolong Group and its affiliated companies own commercial parking lot operation rights/ownership nationwide. To effectively manage parking spaces and improve parking service and management levels, they need to cooperate with professional operating companies to operate parking lots. Baisheng Intelligent and its affiliated companies are integrated parking solution operators specializing in parking and new energy vehicle charging operation management, and can undertake the systematic operation of commercial parking lots.

On January 12th, Sean Carlow, senior foreign exchange analyst at InTouch Capital Markets, stated that the investigation by U.S. federal prosecutors into Federal Reserve Chairman Jerome Powell has triggered increased risk aversion in the market, with traditional safe-haven assets such as gold and the Swiss franc leading the gains. Powell's previous statements have indicated the Fed's readiness to defend its independence. Although many analysts have downplayed the threat of U.S. governance issues to the dollar, Trump's attacks on the Fed have shaken the confidence of many investors. He reminded the market that gold prices surged last August when Trump began attacking Fed Governor Tim Cook.

Tianhe Defense: The company's radio frequency devices and chip products can be used in the field of satellite communications.