Global news you need to know before the U.S. stock market opens on Wednesday

Wallstreetcn
2025.01.15 14:01

Ministry of Commerce: Starting from January 20, a maximum subsidy of 500 yuan will be provided for purchasing mobile phones, tablets, smartwatches, and wristbands! For refrigerators, washing machines, and other 12 categories of home appliances, the maximum subsidy per item is 2000 yuan. The core CPI in the United States in December fell to a year-on-year growth rate of 3.2%, marking the first decline in six months. European Central Bank Vice President Luis de Guindos: The economy has lost momentum, and the European Central Bank will continue to ease policies. Germany's GDP in 2024, not seasonally adjusted, shrank by 0.2% year-on-year, marking a second consecutive year of contraction. The UK's CPI growth rate unexpectedly slowed to 2.5% in December, supporting expectations for a rate cut by the Bank of England. The Governor of the Bank of Japan stated that a decision on whether to raise interest rates will be made next week, leading to a short-term rise in the yen, with the 2-year Japanese government bond yield reaching a 17-year high. IEA Monthly Report: Under new supply risks, the global crude oil supply surplus is expected to ease by 2025. According to Zhongzheng Jinniu, TikTok plans to shut down its U.S. operations this Sunday. Morgan Stanley's U.S. stock pre-market rose over 3%, with adjusted revenue in the fourth quarter exceeding expectations. Goldman Sachs' U.S. stock pre-market rose over 2%, with net income in the fourth quarter exceeding expectations. Wells Fargo's U.S. stock pre-market rose over 3%, with net interest income in the fourth quarter exceeding expectations. BlackRock's U.S. stock pre-market rose nearly 5%, with revenue and adjusted earnings per share in the fourth quarter exceeding estimates. U.S. CPI released! U.S. stock futures surged, the dollar index and U.S. Treasury yields fell, and spot gold rose. The Nikkei 225 index closed down 0.1%, the Shanghai Composite Index closed down 0.43%, and the Hang Seng Index closed up 0.34%

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