Global news you need to know before Monday's U.S. stock market opens
The China-U.S. Economic Working Group held its seventh meeting.
State Council: Arrangements made for the implementation of the decisions and deployments of the Central Economic Work Conference.
People's Bank of China: Implement a moderately loose monetary policy, timely cut the reserve requirement ratio and interest rates, and maintain ample liquidity.
According to Reuters, Trump's transition team plans to revoke the electric vehicle policies from the Biden era.
"New Federal Reserve News Agency" Nick Timiraos: After another interest rate cut this week, the Federal Reserve is prepared to slow down or even stop cutting rates.
Goldman Sachs: The Federal Reserve will "skip" rate cuts in January and may signal a slowdown in easing this week.
European Central Bank President Christine Lagarde: The European Central Bank will further cut interest rates, and the battle against inflation is nearing victory.
The Eurozone's December PMI continued to contract, German inflation accelerated, French manufacturing hit a 55-month low, and the UK's labor force decline reached a four-year high.
According to CCTV News, the commander of the Capital Defense Command of South Korea, Lee Jin-woo, has been formally arrested.
According to CNBC, SoftBank's Masayoshi Son visited Trump and will announce a $100 billion investment in the U.S.
New York cocoa futures prices continue to hit historical highs, and the high cost of chocolate is expected to worsen further.
U.S. stocks pre-market: Advanced Micro Devices fell over 12%, popular Chinese concept stocks showed mixed results, and the euro rose sharply.
The Nikkei 225 index closed down 0.03%, the Shanghai Composite Index closed down 0.16%, and the Hang Seng Index closed down 0.88%