EUR/USD
1.17317
0.749%
Gold
4757.45
1.828%
Oil
60.211
1.456%
USD/JPY
157.916
-0.130%
GBP/USD
1.34579
0.245%
GBP/JPY
212.528
0.124%
Real-time News
January 21st - According to foreign media reports, U.S. Commerce Secretary Howard Lutnick stated on Tuesday that he expects U.S. GDP growth to exceed 5% in the first quarter of 2026, but also pointed out that current U.S. interest rates are too high, suppressing stronger economic growth. Speaking at the World Economic Forum in Davos, Switzerland, Lutnick said, "Our interest rates should be lower so that the economy can truly thrive. I think GDP will grow by more than 5% this quarter, which is very significant for a $3 trillion U.S. economy." He added, "If interest rates were lower, growth could even reach 6%. Whats holding us back right now is our own policies." Its worth noting that Lutnicks growth forecast is his personal opinion and higher than U.S. Treasury Secretary Bessants expectation, who stated in Davos that U.S. real GDP growth in 2026 could be between 4% and 5%.On January 21, UBS CEO Sergio Elmoti stated that investors attempting to sell off US assets amid heightened geopolitical uncertainty would be making a "dangerous bet." Speaking at the World Economic Forum in Davos, Switzerland, Elmoti noted, "Diversifying while staying away from the US is unrealistic. The US is the worlds most powerful economy, and I wouldnt bet on it weakening." On Tuesday, US Treasuries and S&P 500 stocks were sold off simultaneously, as investors digested the latest developments in President Trumps push for Greenland, which has strained relations with NATO allies. Meanwhile, Danish pension fund Akademiker Pension plans to exit the US Treasury market by the end of the month. As the worlds largest wealth management institution, UBS has a deep presence in both the US and European markets, managing nearly $7 trillion in assets.Sources familiar with the matter revealed that Germany has lowered its 2026 GDP growth forecast from 1.3% to 1.0%.ECB Governing Council member Nagel: I never imagined I would one day be discussing the threat to the independence of the Federal Reserve.On January 21, ServiceNow announced a three-year partnership agreement with OpenAI to provide AI agents services to enterprise customers using OpenAIs artificial intelligence models. Under the agreement, ServiceNow will integrate GPT-5.2 into its enterprise workflow platform and develop AI voice technology based on the relevant models. Specific financial terms of the agreement were not disclosed.
