EUR/USD
1.17434
-0.018%
Gold
4373.86
1.271%
Oil
57.654
0.390%
USD/JPY
156.976
0.195%
GBP/USD
1.34661
-0.053%
GBP/JPY
211.391
0.157%
Real-time News
On January 2nd, Barclays maintained its forecast of a Federal Reserve rate cut in 2026. In a report, the banks US economists stated that the Fed is expected to cut rates twice in 2026, each time by 25 basis points, in March and June respectively. They believe that the risk of delaying rate cuts is greater compared to this baseline scenario. Information from the Feds December policy meeting minutes aligns with Barclays expectations, namely that the January meeting may hold rates steady, with economists noting that "the Federal Open Market Committee needs time to assess the impact of recent rate cuts."On January 2nd, Louis Navellier & Associates, Chief Investment Officer, stated in a report that the Federal Reserve will cut interest rates four more times in 2026 to bring the level down to the neutral point. He pointed out that weakening home prices are exacerbating deflationary concerns, a problem the Fed needs to address. He stated, "Furthermore, given that the US economy hasnt created many jobs, theres no reason for the Fed to maintain a tight stance." Navellier also noted that if deflationary pressures intensify further, more rate cuts may be necessary.The Hang Seng Tech Index in Hong Kong continued its upward trend in the afternoon, rising more than 4%, while the Hang Seng Index rose 2.65%. Stocks in sectors such as power equipment, domestic retail, gaming software, semiconductors, and military industry took turns to rise.On January 2nd, Changan Automobile announced that its sales volume in 2025 will reach 2.913 million vehicles, a year-on-year increase of 8.5%, setting a new high in nearly nine years. Among them, sales of new energy vehicles will reach 1.109 million vehicles, a year-on-year increase of 51%.Hong Kong-listed tech stocks continued their upward trend in the afternoon, with Baidu (09888.HK) rising over 8.6%, NetEase (09999.HK) rising over 6%, Trip.com (09961.HK) and Alibaba (09988.HK) rising over 4%, and Tencent Holdings (00700.HK), Kuaishou (01024.HK), and JD.com (09618.HK) rising over 3%.
