59 Mins AgoIn December, Japan’s unemployment rate dropped to 2.4%, the lowest level since January 2023. The figure was lower than the previous month’s rate of 2.5% and also beat a Reuters poll forecast of 2.5%. Besides, the jobs-to-applicants ratio in December was at 1.27, which was also slightly lower than the Reuters poll forecast of 1.28 and indicated levels not seen since June 2022. – Shreyashi Sanyal
47 Mins AgoKingsley Jones of Jevons Global expressed optimism about the prospects of Chinese EV makers and highlighted the increasing interest of global investors in this market. However, he pointed out that retail investors face obstacles, such as high trading premiums and Chinese regulations. Jones suggested that concentrated ETFs could be a viable option for those looking to tap into the potential growth of the Chinese EV market. – Ganesh Rao
47 Mins AgoThe Dow is expected to underperform in January due to declines in Boeing, Walgreens, and Intel. Boeing alone has seen a 21% drop in its shares this month, following an incident with a 737 Max 9 aircraft. While the S&P 500 and Nasdaq Composite are set to advance by 3.3% and 4.1% respectively, the Dow is projected to only gain about 1.7%.- Alex Harring
7 Hours AgoOil prices declined as concerns over China’s property crisis overshadowed geopolitical risk. The liquidation order of Evergrande in Hong Kong, once China’s largest property developer, raised worries about the impact of the property crisis on China’s economy and its potential effect on oil demand. Despite an initial increase of over 1% due to a drone strike in Jordan, which the U.S. attributed to Iran-allied militants, oil prices fell as attention turned to the broader market impact of the China situation. – Spencer Kimball
9 Hours AgoEnergy stocks weighed down the S&P 500, with the sector declining by 0.7%. In contrast, the consumer discretionary sector performed well, with Tesla leading the way with a gain of over 2%. Last week, Tesla had experienced a significant decline of more than 13% following its earnings report. – Alex Harring
4 Hours AgoThe U.S. Treasury Department revised its estimate for first-quarter borrowing to $760 billion, down from the previous estimate of $815 billion. This adjustment, attributed to higher net fiscal flows and a higher beginning of quarter cash balance, had a positive impact on the bond and stock markets, with the 10-year Treasury yield falling to its lowest level of the day at around 4.07%, and the S&P 500 seeing a 0.7% increase. Further details on the Treasury’s quarterly refunding plans are expected to be announced on Wednesday. – Jesse Pound
