Latest Finance-Economy News
USD Falls Amid Fed Independence Concerns
The USD dropped 0.11% to 99.07 despite strong retail sales, due to political uncertainty over Federal Reserve independence. 10-year Treasury yield closed at 4.136%, 2-year at 3.520%.
Oil Prices Volatile on Trump Iran Comments
Oil plunged 4% after Trump's hint at delaying military action against Iran, but rose on Tehran explosion news. WTI closed up 1.13% at $61.79/barrel, Brent at $66.35.
US Stocks Decline, Tech Sector Hit
Dow fell 0.08%, NASDAQ 1.00%, S&P 500 0.53%. Broadcom dropped 4%, Intel rose 3%, PDD Holdings nearly 4%.
Spot Silver Surges 7.2% to $93.17
Silver prices finished sharply higher amid market movements. This reflects broader commodity volatility tied to geopolitical tensions.
Nasdaq China Golden Dragon Down 0.23%
Alibaba rose 1.7%, but Ctrip fell 17% on investigation news. Index reflects mixed performance in Chinese ADRs.
Global PMI Slows to 52.0 in December
J.P. Morgan Global PMI Composite fell from 52.7, signaling 2.4% annualized GDP growth, below pre-pandemic average. Growth softened in manufacturing and services.
Manufacturing New Orders Stagnate Globally
US manufacturers saw first drop in goods orders in a year; purchasing and inventories declined. Reflects subdued demand expectations.
Services Growth Slows, Employment Stalls
Services activity and new business rose at slowest pace in six months. Global employment stagnated after prior gains.
Kashkari: No January Rate Cut Needed
Fed's Kashkari called Trump's threats a money market fund issue, opposing January rate cuts. Beige Book showed moderate growth in most regions.
Pre-Market Earnings: MS, GS, BLK Today
Morgan Stanley, Goldman Sachs, BlackRock, and others report earnings before market open on January 15, 2026. Key focus for financial sector updates.
Paulson Favors Later Rate Cuts
Hedge fund manager Paulson suggested slight rate cuts later in 2026 would be appropriate. Aligns with muted inflation pressures.
China Resists New Energy Price War
Three departments held symposium urging new energy firms to avoid disorderly price competition. Aims to stabilize industry.