News

Fed Vice Chairman Jefferson: Regarding labor supply, immigration policy has slowed down the overall growth of the labor force.

Fed Vice Chairman Jefferson: The labor market is slowing as the overall economic environment becomes more uncertain.

U.S. stocks closed with the Dow Jones Industrial Average closing down 0.17%, the S&P 500 Index closing down 0.06%, and the Nasdaq Composite Index closing down 0.06%. Novo Nordisk (NVO.N) closed up 9%, Micron Technology (MU.O) closed up 7.7%, Advanced Micro Devices closed up 1.7%, and Cordair Mining closed up 6%. The Nasdaq China Golden Dragon Index closed down 1.15%.

U.S. Commodity Futures Trading Commission (CFTC): COMEX copper speculators reduced their net long positions by 4,721 lots to 62,175 lots in the week ended January 13.

U.S. Commodity Futures Trading Commission (CFTC): CBOT soybean speculators held a net short position of 16,388 lots in the week ended January 13, a decrease of 38,287 lots during the week.

U.S. Commodity Futures Trading Commission (CFTC): CBOT corn speculators’ net short position increased by 75,221 lots to 201,335 lots in the week ended January 13.

U.S. Commodity Futures Trading Commission (CFTC): The net short position of CBOT wheat speculators decreased by 4,073 lots to 105,576 lots in the week ended January 13.

U.S. Commodity Futures Trading Commission (CFTC): The net short position of ICE cotton speculators decreased by 454 lots to 50,638 lots in the week ended January 13.

U.S. Commodity Futures Trading Commission (CFTC): In the week ended January 13, the net short position of ICE sugar speculators increased by 10,433 contracts to 181,188 contracts.

Fed Vice Chairman Jefferson: The current policy stance puts us in a good position to determine the magnitude and timing of adjustments to policy rates.

Fed Vice Chairman Jefferson: He does not want to prejudge the January interest rate decision.

Fed Vice Chairman Jefferson: It is good to see an increase in the use of standing repurchase agreement operations when it makes economic sense.

Fed Vice Chairman Jefferson: Some upside risks still exist, but inflation is expected to return to 2%.

Fed Vice Chairman Jefferson: The Fed’s interest rate cuts since 2024 have brought policy rates into a range consistent with neutral.

Fed Vice Chairman Jefferson will speak on the economic outlook and monetary policy in ten minutes.

International Atomic Energy Agency (IAEA): Russia and Ukraine reached an agreement to reach a ceasefire agreement on the maintenance of the last remaining backup power line at the Zaporozhye nuclear power plant.

International Atomic Energy Agency (IAEA): It has obtained the agreement of both Russia and Ukraine to implement a partial ceasefire.

Sources: Shell and Mitsubishi Corp are exploring potential options to sell their stakes in Canadian LNG projects.

European Aviation Safety Agency: Iran's presence and possible use of a variety of weapons and air defense systems poses a high risk to civilian flights operating at all altitudes.

European Aviation Safety Agency: The possible military action by the United States has put Iran's air defense forces on high alert. The possibility of miscalculation in Tehran's flight information region is rising.