EUR/USD
1.17418
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Gold
4377.34
1.352%
Oil
57.732
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156.962
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1.34642
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211.343
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Real-time News
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.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%.January 2nd - According to calculations by the Financial Times, European Central Bank (ECB) President Christine Lagardes total income in 2024 is approximately €726,000, about 56% higher than the €466,000 "base salary" disclosed in the ECBs annual report, and almost four times that of Federal Reserve Chairman Jerome Powell. The ECB is not bound by the strict rules applicable to EU-listed companies, which require companies to provide "comprehensive and reliable information on directors compensation." In addition to her base salary, Lagarde receives approximately €135,000 in housing and other benefits. She also receives approximately €125,000 in income for her role as a member of the Bank for International Settlements (BIS) board. These benefits and additional salaries are not mentioned in the ECBs annual report. The Financial Times calculations are based on the ECB and BIS annual reports, as well as a technical document outlining the "terms and conditions of compensation" for senior ECB officials. Due to a lack of relevant data, this estimate does not include the ECBs pension contributions, healthcare, and insurance contributions for Lagarde.On January 2nd, Formula Leopard announced that it sold 50,868 vehicles in December 2025, representing a 36% increase month-over-month and a 345.50% increase year-over-year; and that its total sales for 2025 reached 234,600 vehicles, a 316.1% increase year-over-year.
