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): 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.

European Aviation Safety Agency: Due to the presence and possible use of a wide variety of weapons and air defense systems in Iran, this poses an extremely high risk to civilian flights operating at all altitudes.