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On January 15, Premier Li Qiang held talks with Canadian Prime Minister Mark Carney, who was on an official visit to China, at the Great Hall of the People in Beijing. Li Qiang pointed out that China and Canada have strong economic complementarity, and bilateral cooperation possesses strong endogenous driving force and broad prospects. China is willing to strengthen the alignment of development strategies with Canada, continue to restore and promote exchanges at all levels and in all fields, make good use of the dialogue mechanisms between the two governments on trade, science and technology, and agriculture, promote stable growth in bilateral trade, improve trade facilitation, deepen cooperation in clean energy, digital technology, modern agriculture, aerospace, advanced manufacturing, finance, and other fields, and cultivate more new economic growth points. China welcomes more Canadian companies to invest in China and hopes that Canada will provide a fair and non-discriminatory business environment for Chinese companies investing in Canada. Both sides should continue to actively support exchanges and cooperation in education, culture, tourism, sports, youth, and local areas, facilitate personnel exchanges, and inherit and deepen the friendly feelings between the two peoples.Citigroup raised its price target for Starbucks (SBUX.O) from $83 to $94.January 15th - To promote academic exchange, technological cooperation, and industrial innovation in the commercial aerospace sector and drive high-quality development of aerospace technology, the 2nd Commercial Aerospace Industry Development Conference and 2026 Commercial Aerospace Exhibition will be held in Shenzhen from March 17th to 18th, 2026. The conference, themed "Innovation and Leap Forward, Building Dreams in Space," will delve into hot topics such as cutting-edge aerospace technology, low-Earth orbit satellites, commercial space launches, digital space, low-cost satellite manufacturing, and satellite applications and operation services, jointly exploring industry pathways and building a collaborative ecosystem.US President Trump: I hope Iran continues to avoid the use of the death penalty.On January 15th, according to "Guizhou Release," Li Bingjun, Deputy Secretary of the Guizhou Provincial Party Committee and Governor of Guizhou Province, met with Mao Yong, Senior Vice President of Geely Holding Group, in Guiyang. Li Bingjun stated that Guizhou adheres to high-quality development as its overall guiding principle, focusing on industry, projects, investment attraction, and business entities, striving to build "six major industrial clusters," accelerating the construction of "Electric Guizhou," and working hard to achieve a good start for the "15th Five-Year Plan." He expressed hope that Geely Holding Group would increase its investment in Guizhou to better achieve mutual benefit and win-win results. Guizhou will do its utmost to provide services and support, creating a favorable business environment. Mao Yong stated that Guizhou has a favorable development environment and broad investment potential. He pledged to fully leverage its advantages, accelerate the development of Geelys Guiyang base, further extend, supplement, and strengthen the industrial chain, and help build industrial clusters in new energy and new materials, as well as advanced equipment manufacturing, making a greater contribution to Guizhous high-quality development.

The AUD/JPY exchange rate fluctuates below 90.00 as investors await BoJ action

Alina Haynes

Jan 18, 2023 15:03

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In the early Asian session, the AUD/JPY currency pair is bouncing violently in a narrow range below the resistance level of 90.00. Before the Bank of Japan introduces its first monetary policy of CY2023, the risk barometer indicates a sideways auction (BoJ). The AUD/JPY exchange rate reflects the consolidation of the AUD/USD, indicating an uncertain risk profile.

 

Investors anticipate that the Bank of Japan (BoJ) will not alter its policy stance on Friday, as doing so would increase financial market risk and hinder efforts to boost inflation. Previously, the Bank of Japan (BoJ) announced that the central bank will review the negative side effects of the decade-long ultra-loose monetary policy, generating the impression that the central bank is eager to abandon the easy policy.

 

The experts at Standard Charted expect the Bank of Japan to hold both the policy balance rate and the 10-year yield goal at their present levels of -0.1% and 0%, respectively. The recent decision to expand the 10-year JGB band to +/-50 bps (from +/-25 bps) will be evaluated by policymakers at the December meeting.

 

The replacement of current Governor of the Bank of Japan Haruhiko Kuroda will be widely followed. The next BoJ governor nominee is anticipated to be presented to the Japanese parliament on February 10, Reuters reported on Tuesday. Amamiya, Nakaso, and Yamaguchi are regarded as leading C.banking candidates.

 

Thursday is the expected publication date for Australian employment statistics, which investors are monitoring. The Unemployment Rate is expected to remain constant at 3.4%, according to the majority of economists. Aside from this, the Australian economy must have added 22,500 new jobs to the labor market in December, a down from the prior rises of 64K.

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