Financial News

UK inflation numbers for December surprised the markets on Wednesday. Despite softer wage growth, the latest figures could leave rates higher for longer.

Economic data from China sent mixed signals. Weaker retail sales figures for December suggest a weakening domestic demand environment.

NY State business activity plunges to -43.7, lowest since May 2020. New orders, shipments down; employment, workweek dip; input prices rise.

UK wage growth, job vacancies, and payrolled employee figures could pressure the Bank of England to begin discussing interest rate cuts.

On Monday, Jan 15, Venezuela announced a decision to phase out its government-backed cryptocurrency, Petro (PTR), just five years after it was first launched in February 2018.

A more marked-than-expected decline in wholesale prices could give the ECB more reason to begin discussing interest rate cuts.

It is an important week for investors, with the Chinese economy in the spotlight. Central Banks will be in focus as investors digest a full economic calendar.

BTC-spot ETF-related news left BTC in negative territory going into Saturday. However, XRP was on the rise amidst XRP-spot ETF-related chatter.

U.S. PPI falls 0.1% in December with a diesel plunge and core PPI stability, offset by gasoline and service sector hikes.

UK services sector output grew in November. However, a lack of growth over three months contributed to the 0.2% contraction over three months.

Trade data from China caught investor interest, with an pickup in exports. However, imports remained lackluster, delivering near-term uncertainty.

Natural gas prices are trying to rebound after yesterday’s pullback, supported by the bullish EIA report.

December CPI up 0.3%, annual at 3.4%; Core CPI stable with 0.3% rise; Energy costs down 2%, balancing rising food prices.

The Australian trade surplus widened in November. However, a marked fall in imports cast a shadow on a pickup in exports.

Gasoline inventories increased by 8 million barrels, compared to analyst expectations of +2.5 million barrels.

Softer inflation numbers from Australia could end speculation about an RBA rate hike. However, household spending trends could be pivotal.

U.S. trade deficit narrows in November with lower exports and imports, marking a year-to-date 18.4% decrease.

Key Insights: Bitcoin (BTC) price soared 6% on Monday to hit the $47,000 mark for the first time since April 2022, amid positive developments surrounding the Bitcoin spot ETF application process. The BTC price rally came as markets reacted positively to a statement issued by SEC Chairman Gary Gensler. While

German industrial production figures contrasted with recent trade data, signaling a weak demand environment.

Consumer inflation expectations declined to the lowest level in three years.