[Information guide].
Fed's Bostic: The Fed is expected to cut interest rates for the first time in the third quarter.
The bipartisan Congress has a total of 1A $59 trillion spending deal was agreed.
The median one-year inflation expectations of US consumers fell to 3% in December
ECB Governing Council: The eurozone will avoid falling into a recession.
Consumers** growth slowed for the second straight month in December.
[Market Information].
Fed's Bostic said the Fed expects its first rate cut in the third quarter;Whether the rate of shrinkage should change is an open question. The current pace of balance sheet reduction is "appropriate". Reiterating the need for two 25bp rate cuts by the end of the year;Policy will still need to remain tight at the end of the year, but inflation progress will support a rate cut.
Fed Governor Bowman said inflation could fall toward the Fed's 2% target if interest rates remain at current levels.
U.S. House of Representatives Speaker Johnson said that the leaders of both parties in Congress will agree on a total of 1The $59 trillion spending deal was agreed, paving the way for the federal** to avoid a partial "shutdown" later in January.
According to the results of the New York Fed survey, the median one-year inflation expectations of U.S. consumers fell to 3% in December, the lowest since January 2021, falling for the third consecutive month, and the previous value was 34%；People's three-year inflation expectations fell to 2 in December6%, compared to 3% in November;Five-year inflation expectations fell to 25%, compared to 2 in November7%。
ECB Governing Council member VUjcic said the eurozone would avoid falling into a recession;Inflation is expected to slow gradually;There is no talk of a rate cut, and it is unlikely that there will be any discussion of the issue until the summer.
Consumer** growth slowed for the second straight month in December, suggesting that cost-push inflation may be easing, while thrifty consumers are also cutting back on discretionary spending. Japan's Ministry of Internal Affairs and Communications Statistics Bureau said on Tuesday that the CPI, which excludes fresh food, was 2 year-on-year1% from 23% slowed to its lowest level since June 2022.
South Korea's Ministry of Finance said it would rapidly expand the size of the market to stabilize the market if needed, which is currently 85 trillion won. South Korea** borrowed a total of 117 from the central bank last year6 trillion won, a record high.
The Eurozone Economic Sentiment Index for December 2023 was 964. Expected 941, the previous value from 938 was revised to 94;The industrial climate index was -92, expected -95, the previous value -95；The service sector prosperity index was 84, expected 51, the previous value from 49 was amended to 55。
Eurozone retail sales fell 03%, expected to drop 03%；A year-on-year decrease of 11%, expected to drop 15%。
Germany's seasonally adjusted ** surplus in November 2023 was 20.4 billion euros, with an expected surplus of 17.9 billion euros, and the previous value was revised from a surplus of 17.8 billion euros to a surplus of 17.7 billion euros.
Switzerland's CPI rose 1% year-on-year in December 20237%, expected to rise 15%, the previous value rose 140%；Month-on-month flat, expected to fall 02%, the previous value decreased by 020%。
[Global Market Dynamics].
Dow Jones Index**058% at 3768301 point, S&P 500 **141% at 476354 points, NASDAQ index **22% at 1484377 points.
comex***0.77% at 2034$1 ounce, comex***002% to 23$31 oz.
U.S. Oil February Contract**392% at 70$92 barrel. Brent oil March contract**311% to 76$31 barrel.
5-year Treasury yield**19 basis points at 3992%, 10-year Treasury yield**16 basis points at 4033%, 30-year Treasury yield**11 basis point at 4194%。
U.S. Dollar Index**015% to 10229. Non-US currencies are generally **, and the euro is **008% to 10951, GBP/USD**023% to 12750, AUD/USD**006% to 06720, USDJPY**024% at 14423, USD/CHF**025% to 08481。
On January 8, the central parity of the RMB against the US dollar was raised by 23 points to 71006；The onshore yuan officially closed at 7 against the US dollar at 16:30 Beijing time1599, 33 points higher than the official **price** of the previous trading day. At 03:00 on the 9th, Beijing time, the night market closed at 71529, compared with the previous trading day night *** 69 points;The offshore yuan was quoted at 7 against the US dollar at 05:59 Beijing time on the 9th1627, unchanged from the end of the previous trading day.
According to data released by the Foreign Exchange Trade Center, the CFETS RMB exchange rate index was 98 on January 514, up 072%；The BIS currency basket RMB exchange rate index was reported at 10310, up 068%；The SDR currency basket RMB exchange rate index was reported at 9354, up 031%。
[Intraday focus].
14:45 Switzerland's seasonally adjusted unemployment rate for December.
15:00 Germany's seasonally adjusted industrial production in Nov.
15:45 French November ** account.
18:00 Eurozone unemployment rate (Nov).
19:00 US NFIB Small Business Confidence Index (December).
21:30 U.S. November Accounts.
Editor: Cui Kai.
Statement: Xinhua Finance is a national financial information platform undertaken by Xinhua News Agency. In any case, the information published on this platform does not constitute investment advice. If you have any questions, please contact customer service: 400-6123115