[Information guide].
World Bank: The global economy is on track for its worst five-year growth in 30 years.
Russia's oil production cut in December was the largest since the start of the cuts.
White House Economic Adviser: The fight against inflation is not yet complete.
The unemployment rate in the eurozone fell to 6 in November4% is an all-time low.
[Market Information].
The World Bank said in its latest Global Economic Prospects report released on Tuesday that the global economy faces its worst five-year growth in 30 years. In other words, it is weaker than the global financial crisis of 2008, the Asian financial crisis of the late 90s, and the dot-com bubble of early 2000. Global economic growth is expected to slow for the third consecutive year in 2024, from 26% down to 24%, and economic growth is expected to pick up slightly by next year, rising to 27%。
Brainard, Biden's chief economic adviser and director of the National Economic Council, said that although the recent slowdown in U.S. inflation data, the "work of the United States" in reducing inflation is not yet done.
The SEC announced the Bitcoin ETF in a social ** post, and later clarified that it was not approved, and it was done by hackers after being hacked. Bitcoin fluctuated sharply by more than $3,000 during this period, and more than $40 million of cryptocurrency funds on the entire network were liquidated within an hour.
Bank of America customers withdrew $2.1 billion from the U.S.** in the four trading days ending Friday, the largest outflow since July last year.
Russia's average oil production in December was 13060,000 tonnes per day, equivalent to 9.57 million barrels per day. This means that Russia cut oil production by about 600,000 barrels per day in December month-on-month, the largest in a single month since the start of the production cut operation, and December is about 37 lower than the production cut benchmark in early February 202350,000 barrels per day.
The issuance of a record 43 billion euros in the European bond market and the oversubscription of multinational bonds were several times oversubscribed. Investors are rushing to lock in higher bond yields before central banks cut interest rates.
The unemployment rate in the eurozone was 64%, below market expectations of 65%, also down from October 6The unemployment rate of 5% is the lowest on record. That's the equivalent of nearly 11 million out of more than 300 million people unemployed.
The U.S. account deficit in November 2023 was $63.2 billion, with an expected deficit of $65 billion, and the previous value was revised from a deficit of $64.3 billion to $64.5 billion.
The US NFIB Small Business Confidence Index for December 2023 was 919, a new high since July.
Canada's November 2023 account surplus was 15C$700 million vs. an expected surplus of C$2 billion.
Switzerland's non-seasonally adjusted unemployment rate in December 2023 was 23%, expected 23%, the previous value was 21%。
Tokyo, Japan's December 2023 CPI year-on-year **24% and 2 expected5%, the previous value was 26% revised to 27%；Flat sequentially.
[Global Market Dynamics].
Dow Jones Index**042% at 3752516 points, S&P 500 **015% at 47565 points, NASDAQ index **009% at 1485771 points.
comex***0.12% at 2035$9 oz., comex***062% to 23$165 oz.
U.S. Oil February Contract**206% to 72$23 barrel. Brent Oil March Contract**183% to 77$51 barrel.
5-year Treasury yield**16 basis points at 3978%, 10-year Treasury yield**13 basis points at 402%, 30-year Treasury yield**06 basis points at 4189%。
U.S. Dollar Index**022% at 10251, EURUSD**018% to 10931, GBP/USD**031% to 12710, AUD/USD**049% to 06687, USDJPY**017% at 14448, USD/CHF**051% to 08524。
On January 9, the central parity of the RMB against the US dollar was lowered by 4 points to 71010；The onshore yuan officially closed at 7 against the US dollar at 16:30 Beijing time1590, 9 points higher than the official **price** of the previous trading day. At 03:00 Beijing time on the 10th, the night market closed at 71688, compared with the previous trading day night *** 159 points;The offshore yuan was quoted at 7 against the US dollar at 05:59 Beijing time on the 10th1842 yuan, compared with the end of the previous trading day **215 points.
[Intraday focus].
08:30 Australia non-seasonally adjusted CPI YoY in November.
15:45 France's industrial production in Nov.
23:00 U.S. wholesale sales (Nov)
The next day, at 04:15, Fed's Williams speaks on the economic outlook.
Editor: Ma Mengwei.
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