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Memecoins to watch as Trump replaces Gensler; DOGE, BONK, PEPE price forecast
Memecoin’s aggregate valuation crossed the $117 billion mark on Tuesday as President Donald Trump officially replaced Gary Gensler as head of the Securities & Exchange Commission (SEC), marking a paradigm shift for cryptocurrency regulations in the US.
Fxstreet
Tue, Jan 21
UPDATE 2-Gaza ceasefire to help Israel's credit rating, implementation is key, agencies say
Moody's cut Israel's credit rating two notches in September15 months of war have taken toll on Israel's public financesFitch, S&P hit to outlook change if ceasefire holdsUpdates throughout with comments from Fitch and S&P GlobalBy Steven Scheer and Rodrigo Campos JERUSALEM, Jan 21 (Reuters) - The...Reuters
Tue, Jan 21
RPT-UPDATE 1-ABB increasing U.S. investment to raise local production, CFO says
Repeats with no changes to text DAVOS, Switzerland, Jan 21 (Reuters) - ABB ABBN.S is increasing its investments in the United States as a way to deal with tariff hikes expected from the new Trump administration and to benefit from the country's economic growth, Chief Financial Officer Timo Ihamuo...Reuters
Tue, Jan 21
UPDATE 1-ABB increasing U.S. investment to raise local production, CFO says
Adds further comments from executive DAVOS, Switzerland, Jan 21 (Reuters) - ABB ABBN.S is increasing its investments in the United States as a way to deal with tariff hikes expected from the new Trump administration and to benefit from the country's economic growth, Chief Financial Officer Timo I...Reuters
Tue, Jan 21
Portugal calls for deeper EU-US dialogue to avoid harmful tariffs
LISBON, Jan 21 (Reuters) - Europe should establish and strengthen dialogue with the new U.S. administration to avoid an escalation of tariffs that would harm consumers, especially the least wealthy, Portugal's finance minister said on Tuesday. President Donald Trump, who took office on Monday, did n...Reuters
Tue, Jan 21
Euro area government bonds react cautiously to Trump announcements
Updates in European afternoon tradeBy Stefano Rebaudo Jan 21 (Reuters) - Euro zone government bonds edged down on Tuesday, showing a relatively muted reaction to U.S. President Donald Trump's announcement that he wouldn't immediately impose new tariffs, which left investors in a wait-and-see mode...Reuters
Tue, Jan 21
Canadian price growth edged lower on tax holiday in December – RBC Economics
The tick lower in inflation in December to 1.8% was above our own assumption for a 1.5% increase, but largely due to a smaller than assumed reduction in prices from the temporary GST/HST holiday in December, and was still slightly below market expectations for a 1.9% reading, RBC Economics' AssistanFxstreet
Tue, Jan 21
TREASURIES-US yields sink as markets cautious amid tariff uncertainty
US 10-year, two-year yields slip but tariff threat lingersMarkets price in 39 bps of Fed easing in 2025Trump says he may impose tariffs on Canada, Mexico next monthUS 2/10 yield curve flattens, hits narrowest gap since late DecemberAdds new comment, NEW YORK dateline, byline, updates pricesBy Gertru...Reuters
Tue, Jan 21
USD/CNH: Consolidation after breaking out – OCBC
USD/CNH fell sharply below 7.26 at one point after Trump announced there was no immediate plans for tariffs and calls for further study. USD/CNH was last seen at 7.2712 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Fxstreet
Tue, Jan 21
UPDATE 2-Trudeau says Canada is ready to respond to possible Trump tariffs
Updates headlineTORONTO, Jan 21 (Reuters) - Canadian Prime Minister Justin Trudeau reiterated on Tuesday that his government is ready to respond to all scenarios if U.S. President Donald Trump imposes tariffs on Canada.Asked about an uncertain timeline on possible tariffs, Trudeau said Trump is a sk...Reuters
Tue, Jan 21
UPDATE 3-Europe extends hand to US, warns of 'race to bottom'
Von der Leyen urges EU, US to work togetherGermany's Scholz signals good Trump talksEU ready to negotiate but will stand by its valuesReleads, adding Scholz, ECB, other details, paragraphs 1-2, 9-14By Leela de Kretser DAVOS, Switzerland, Jan 21 (Reuters) - The European Union signalled its readine...Reuters
Tue, Jan 21
Canada's Trudeau says ready to respond to Trump's tariffs
TORONTO, Jan 21 (Reuters) - Canadian Prime Minister Justin Trudeau reiterated on Tuesday that his government is ready to respond to all scenarios if the U.S. President Donald Trump imposes tariffs on Canada.Asked about an uncertain timeline on possible tariffs, Trudeau said Trump is a skilled negoti...Reuters
Tue, Jan 21
RPT-WRAPUP 5-China's economy meets official growth target, but many feel worse off
Repeats to fix formattingChina's Q4 GDP grows 5.4% y/y, beating market forecast2024 GDP expands 5.0%, meeting the government's targetBut growth was unbalanced, led by industry and exportsConsumption lags as workers faces uncertainties2025 outlook clouded by trade tensions as Trump returns BEIJING...Reuters
Tue, Jan 21
UPDATE 3-Canada's annual inflation rate drops to 1.8% in December on sales tax relief
Monthly inflation rate contracts by 0.4% in DecemberInflation drop led by alcohol, food at restaurantsBank of Canada's core inflation measures also easeMarket bets 80% chance of 25 bps rate cut on Jan. 29Adds economist comments in paragraphs 11, 12, adds gasoline prices in paragraph 16By Promit Mukh...Reuters
Tue, Jan 21
Climate shift to help boost StanChart income by almost $1 billion, CEO says
By Virginia Furness and Sinead Cruise DAVOS, Switzerland, Jan 21 (Reuters) - Standard Chartered is set to book almost $1 billion in income in 2025 from business geared towards helping clients meet sustainability goals, CEO Bill Winters told executives at the World Economic Forum in Davos, as he d...Reuters
Tue, Jan 21
INSTANT VIEW-Canada's annual inflation rate eases to 1.8% in December
TORONTO, Jan 21 (Reuters) - Canada's annual inflation rate dropped to 1.8% in December, Statistics Canada said on Tuesday, slightly lower than expected and a tick below the prior month's 1.9%. Market reaction: CAD/Link: https://www150.statcan.gc.ca/n1/daily-quotidien/250121/dq250121b-eng.htm?HPA=1CO...Reuters
Tue, Jan 21
RPT-Holding on to green energy course best response to Trump, Germany's Habeck says
Repeats to new USN, text unchangedBERLIN, Jan 21 (Reuters) - Germany and Europe should continue on the path of expanding low-carbon energies during the second presidency of Donald Trump, a climate change sceptic, outgoing German vice chancellor Robert Habeck said on Tuesday.Habeck, speaking at the H...Reuters
Tue, Jan 21
