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Several major tech stocks will release their earnings reports next week. After the US stock market closes, attention will be focused on the earnings reports of key companies such as Tesla (TSLA.O), Apple (AAPL.O), Microsoft (MSFT.O), and Meta Platforms (META.O). In addition, star stocks such as Exxon Mobil (XOM.N) and General Motors (GM.N) will also release their latest earnings reports. On the economic data front, Chinas official January PMI will be released next week, as will the US November trade balance and December PPI year-on-year rate. Furthermore, the Federal Reserves FOMC will announce its interest rate decision early Thursday morning Beijing time. Please stay tuned. For the complete earnings calendar, please check the Calendar section of the US-Hong Kong Telecom APP. Click to view...January 23 – To improve the efficiency of central treasury cash utilization and strengthen the coordination between fiscal and monetary policies, the Ministry of Finance and the Peoples Bank of China will conduct the 2026 Central Treasury Cash Management Commercial Bank Term Deposit (Phase I) bidding process from 9:00 AM to 9:30 AM on January 28, 2026, through the Peoples Bank of Chinas Central Treasury Cash Management Commercial Bank Term Deposit Business System. This phase involves 150 billion yuan, with a term of one month (28 days), an interest accrual date of January 28, 2026, and a maturity date of February 25, 2026 (postponed if it falls on a holiday). The bidding will be conducted through interest rate bidding and a single-price award method, open to participating banks in the Central Treasury Cash Management Commercial Bank Term Deposit business.January 23 – The 13th round of negotiations for the second phase of the China-South Korea Free Trade Agreement (FTA) was held in Beijing from January 19 to 23, 2026. Both sides conducted in-depth and constructive discussions on implementing the important consensus reached by the two heads of state, accelerating negotiations, and making positive progress on rules and negative lists regarding cross-border trade in services, investment, and financial services. The China-South Korea FTA entered into force on December 20, 2015. Building on the original agreement, the two sides are seeking a high level of openness in the service trade and investment sectors through the second phase of negotiations, promoting the upgrading of China-South Korea economic and trade cooperation.The UKs preliminary composite PMI for January was 53.9, below the expected 51.5 and the previous reading of 51.4.The UKs preliminary services PMI for January was 54.3, below the expected 51.7 and the previous reading of 51.4.

Despite the fact that Eurozone interest rates are anticipated to peak sooner, the EUR/GBP looks to have breached over 0.8630

Daniel Rogers

Dec 07, 2022 15:12

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The EUR/GBP pair has had a stronger recovery from 0.8580 during the Asian session, approaching the pivotal 0.8630 level. Despite the European Central Bank (ECB) being close to reaching an interest rate high, there has been strong demand for Euro bulls. Thus, the monetary policy meeting scheduled for next week will be of utmost significance.

 

The cross is attempting to break strongly above the significant barrier of 0.8630 for the fourth time this week. The hawkish remarks made by ECB policymakers are holding back the euro bulls.

 

"There will be another rate hike," said Constantinos Herodotou, governor of the Central Bank of Cyprus, "but we are very near to neutral." The European Central Bank's chief economist, Phillip Lane, is unsure as to whether the inflation peak has already occurred or will take place in 2019. He stated that although "much has already been done," he does not rule out more rate increases.

 

Investors are currently looking forward to Christine Lagarde's speech, which will be revealed on Thursday. The ECB President is likely to lower her inflation projection in her future statement in light of the poor retail sales numbers.

 

In contrast to expectations for a 1.7% loss, this week's Eurozone retail sales numbers showed a 1.8% decline. Aside from that, annual economic data contraction came in at 2.7% as opposed to the 2.6% consensus expectation. A decline in household demand demonstrates the effectiveness of the European Central Bank's (ECB) policy tightening initiatives. To reach their sales targets, firms could feel pressured to lower the prices of their products and services.

 

The United Kingdom's deteriorating food crisis, brought on by growing costs and a labor shortfall, has had an impact on the Pound Sterling. According to Minette Batters, president of the National Farmers Union, "the government and the entire supply chain must act swiftly." The Financial Times stated that "tomorrow might be too late." The economy already faces rising food inflation, and the issue with the supply of food will make matters worse.


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