News
Important Only
China expands consumer trade-in scheme to revive economic growth
BEIJING, Jan 8 (Reuters) - China added more home appliances to the list of products that can be used in its consumer trade-in scheme and will offer subsidies for additional digital goods this year, in an effort to revive demand in the sluggish household sector.
Reuters
Wed, Jan 8
This Bitcoin Bull Cycle ‘Might Be The Longest Ever’ – Top Analyst Explains Why
Bitcoin has surged above the $100K mark, signaling strength and fueling optimism among traders as the market enters 2025. This breakout has bolstered a bullish outlook for BTC in the first quarter, with many anticipating further gains.
Gold price consolidates around $2,650 area as traders await FOMC Minutes
Gold price (XAU/USD) stabilizes following the previous day's late pullback from the $2,665 hurdle as traders opt to move to the sidelines ahead of Wednesday's release of the FOMC Minutes later during the US session.Fxstreet
Wed, Jan 8
BREAKINGVIEWS-CATL’s $5 bln listing future-proofs enviable lead
The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to remove hyperlinks in third paragraph.By Katrina Hamlin HONG KONG, Jan 8 (Reuters Breakingviews) - The world's largest battery maker is determined to shore up its dominance. A planned Hong Kong listingReuters
Wed, Jan 8
GRAINS-Chicago soybeans, corn edge lower on Argentinian rain outlook
BEIJING, Jan 8 (Reuters) - Chicago soybean and corn futures nudged lower on Wednesday, pressured by forecasts of rain relief in key exporter Argentina and weaker-than-expected export sales data. Wheat edged higher, with traders shifting their focus to lower Kansas wheat ratings.FUNDAMENTALS *Reuters
Wed, Jan 8
COMMENT-USD/JPY range likely to continue to ratchet up
Jan 8 (Reuters) - USD/JPY remains bid and its range is likely to ratchet higher on fresh investment flows, the Bank of Japan potentially keeping rates on hold early this year, a strong U.S. economy and higher long-end Treasury yields.Admittedly, risks remain including the key U.S. December jobs repoReuters
Wed, Jan 8
Japan's Nikkei tracks Wall Street lower amid inflation worries
By Kevin Buckland TOKYO, Jan 8 (Reuters) - Japan's Nikkei share average fell on Wednesday, tracking overnight Wall Street declines after a batch of upbeat U.S. economic data raised concerns that sticky inflation could slow the Federal Reserve's pace of monetary easing.The Nikkei index .N225 decliReuters
Wed, Jan 8
EXCLUSIVE-China's Shandong Port, entry point for most sanctioned oil, bans US-designated vessels
SINGAPORE/BEIJING, Jan 7 (Reuters) - Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent refiners that are the biggest importers of oil from countries under U.S. embargo, three traders said.
Reuters
Wed, Jan 8
CES-Honda executive cautious about new EV production ahead of Trump presidency
LAS VEGAS, Jan 7 (Reuters) - Honda Motor 7267.T will be cautious about starting production of new electric vehicles due to uncertainty about President-elect Donald Trump's industrial policy, a senior executive of the Japanese automaker said on Tuesday.Reuters
Wed, Jan 8
Fed’s Bostic: Inflation is expected to decline but warns Fed to be cautious
Federal Reserve Bank of Atlanta President Raphael Bostic said on Tuesday that Fed officials should be cautious with policy decisions given uneven progress on lowering inflation and err on the side of keeping interest rates elevated to achieve their price stability goals, per Bloomberg.Fxstreet
Wed, Jan 8
Bitcoin Drags Crypto Lower on Strong U.S. Economic Data
The irony of the crypto market is how much it falls when the economy is doing well. On Tuesday, a couple of important economic readings came in better than expected, and Bitcoin (CRYPTO: BTC) and other cryptocurrencies dropped on the news.The Motley Fool
Wed, Jan 8
