Friday, January 19: The S&P 500 hits its first record closing high since 2022
The S&P 500 ended Friday's session at a record high for the first time in two years, driven by a rally in technology and expectations that the Federal Reserve will cut interest rates this year.
The benchmark index closed at US$4,839.81 to surpass its previous high of US$4,796.56 in January 2022, as positive expectations for artificial intelligence (AI) lifted shares of chipmakers and other major technology stocks on Friday, while the Federal Reserve expects three cuts in… interest rates this year, signaling a shift away from its aggressive approach.
Monday, January 22: Do Kwon's Terraform Labs Files, Chapter 11 in the United States
Do Kwon's cryptocurrency company Terraform Labs Pte. Ltd. applied. It filed for Chapter 11 bankruptcy protection in the US after the failure of its stablecoin TerraUSD (USTO) and Luna token in 2022, citing estimated assets and liabilities in the range of US$100 million to US$500 million, while it owes between US$100 million and US$100 million. American. 199 creditors.
The filing came just days after the US Securities and Exchange Commission (SEC) agreed to move the timeline for Kwon's fraud trial to March 25, while a court filing in Delaware said Singapore-based Terraform Labs also intends to move forward with expanding its business. . Online business 3.
Tuesday, January 23: Bank of Japan maintains ultra-low interest rates, eases CPI expectations
The Bank of Japan (BOJ) held interest rates steady on Tuesday, keeping them at historic lows, while yield curve controls were also maintained, although inflation expectations for this fiscal year have eased slightly, with the core consumer price index (CPI) rising. Now estimated at 2.4% for the period.
The Bank of Japan left the short-term interest rate unchanged at minus 0.1%, indicating that yield curve control would continue allowing 10-year bond yields to fluctuate between minus 1.0% and 1%, with a target of 0%, and expected to release the country's consumer price index. To remain above its target of 2.0% through fiscal year 2024 before declining next year.
Wednesday, January 24: Netflix rises as subscriber growth exceeds expectations
Netflix shares rose in pre-market trading on Wednesday after the US streaming media giant saw its subscriber base grow more than expected in the fourth quarter.
Netflix stock rose as much as 14% in early trading after the company reported subscriber gains of 13.12 million in the three months ending December 31, which represents a 71% increase over the same quarter in 2022 and ends above Netflix estimates of about 9 million users. .
Thursday, January 25: The euro is above its lowest levels in 6 weeks before the release of European Central Bank and US GDP data.
The euro traded above its lowest level in six weeks against the US dollar on Thursday, as traders awaited the European Central Bank meeting and the release of fourth-quarter GDP data for the world's largest economy, which may provide further support. Some signs of upcoming interest rates.
The euro was trading 0.12% higher at US$1.0899, slightly off the US$1.0822 hit on Tuesday, its lowest level since mid-December, while the European Central Bank is expected to leave interest rates unchanged and domestic output is expected to rise. US total. 2% annual growth later in the day.
