EUR/USD
1.03006
0.015%
Gold
2678.20
0.291%
Oil
75.583
2.534%
USD/JPY
157.972
-0.093%
GBP/USD
1.23023
-0.035%
GBP/JPY
194.343
-0.119%
Real-time News
Oil prices surged on Friday as traders focused on potential supply disruptions from more sanctions on Russia and Iran, according to Ole Hansen, head of commodity strategy at Saxo Bank. "There are several drivers today," said Ole Hansen, head of commodity strategy at Saxo Bank. "In the long term, the market is focused on the prospect of additional sanctions. In the short term, the weather is very cold across the United States, driving demand growth." Expectations of supply disruptions from tougher sanctions on Iran and Russia are growing ahead of Trumps inauguration on January 20, while oil inventories remain low. Biden is expected to announce new sanctions against the Russian economy before Trump takes office. PVM analyst Tamas Varga said that existing and possible further sanctions, as well as market expectations of reduced inventories due to cold weather, are driving oil prices higher.Jingwei HiRun announced that it plans to repurchase shares for RMB 100 million to 200 million, and the repurchase price will not exceed RMB 130 per share.January 10th, the battered U.S. Treasury market is seeking a respite from Fridays non-farm payrolls report. Since mid-September, U.S. Treasury yields have risen sharply, with the 20-year Treasury yield exceeding 5%. Some strategists said that while bearish bets have been increasing, the sharp rise in yields may mean that strong employment data will hurt the market less than weak data will support the market. Subadra Rajappa, head of U.S. interest rate strategy at Societe Generale, said that if Decembers employment data is strong, the 10-year Treasury yield has room to rise to 4.75%, but to reach 5%, the new administration may take specific policy actions. Conversely, if the unemployment rate rises or the employment data is weak, yields will fall further because the market seems to be a little ahead of the curve in cutting the Feds rate cut bets.On January 10, international oil prices rose sharply by more than 3% today as traders focused on potential supply disruptions and expectations of increased demand due to lower temperatures. Supported by the prospect of tougher U.S. sanctions on Russia and Iran and a decline in Russian seaborne exports, U.S. and Brent crude futures are expected to achieve weekly gains of 2.7% and 3.2%, respectively. "The United States is expected to announce more sanctions against Russia in the coming days, which will exacerbate the continued slowdown in Russian crude oil exports," said analysts at DNB Markets. According to market observers, Western sanctions on Russias shadow fleet have already led to a decline in exports.On January 10th, U.S. and Brent crude oil prices continued to rise, with the intraday increase expanding to 3.00%, and are now trading at US$75.93 per barrel and US$79.25 per barrel respectively.
