GMT EIGHT - Economy&politics - America

"Two 'Kevins' lead the race for the Federal Reserve chairman candidate, Trump says interest rate policy should be consulted with the president."

President Trump of the United States stated on Friday that former Federal Reserve Governor Kevin Warsh has emerged as the top candidate for his next Federal Reserve Chairman, however, the final decision has not been made yet.

Two Fed officials who opposed interest rate cuts explain their reasons, while Gulbrandson is optimistic about the prospect of rate cuts in 2026.

Chicago Fed President Gulsby said he is relatively more optimistic about the prospect of rate cuts in 2026, but he voted against a rate cut this week because he wants to wait for more inflation data.

Bank of Japan signals another rate hike: future interest rates may exceed 0.75%

According to informed sources, officials from the Bank of Japan believe that interest rates are likely to rise to above 0.75% before the current rate hike cycle ends.

Copper prices are soaring, will copper mining stocks have another "best year after 2016" in 2026?

The soaring copper prices may further drive the mining stocks to rise. Propelled by the hot copper market, European mining stocks are set to have their best year since 2016; Citigroup's mining analysts stated that Glencore is their top pick for 2026.

Next week, the European Central Bank meeting is approaching and differences in policy with the Federal Reserve are expected to boost the Euro.

With the European Central Bank meeting expected to highlight its policy divergence with the Federal Reserve, the euro's upward momentum will gain new impetus next week.

Goldman Sachs remains bullish on gold: Target price expected to reach $4900 by 2026.

Goldman Sachs said on Wednesday that it believes there is significant upside potential for its forecast of the price of gold to reach $4900 per ounce by the end of 2026.

Economists agree with Schnebel's view: the next step for the European Central Bank will be to raise interest rates.

Economists predict that the next adjustment of the European Central Bank interest rates will be an increase, in line with the views of investors and influential Executive Board member Isabelle Schnabel, as the inflation rate remains stable at around 2%.

"Trump Gold Card" visas officially for sale, experts pour cold water: economic benefits should be questioned.

Trump's "golden visa" plan provides a fast track to citizenship for the wealthy, but experts have questioned its effectiveness.

Excess of lithium - "life-saving straw" arrives? The rise of energy storage becoming a new demand pillar, with a potential shortage reversal by 2026.

Bullish on the lithium market is betting that energy storage systems will become the next important battery metal demand pillar, driving the global market back to balance after years of oversupply.

Difficult to cut interest rates next year? The Federal Reserve is filled with "silent dissents" internally, and officials' serious disagreements are affecting the prospects for easing.

"The silent dissent" reveals that Powell's interest rate cut policy does not meet officials' expectations.

"Loosening the reins" for AI giants! Trump signs executive order limiting state regulatory power, pushing for federal "single rule"

United States President Trump signed an executive order on Thursday evening local time aimed at restricting states' ability to regulate artificial intelligence (AI) and attempting to block certain existing state laws.

Powell warns of "systematic overestimation" of employment data, dovish path may continue until 2026.

In the Fed's dilemma of combating inflation and restraining unemployment, the latter gained the upper hand at Wednesday's meeting. If the weakness in the labor market becomes more evident through a clear overestimation of employment data, this side may still maintain an advantage entering 2026.

Elon Musk responded to reports of SpaceX planning to go public: "Accurate and true."

Musk described the reports about SpaceX's IPO in 2026 as "accurate and precise".

Wall Street Reviews "400 Billion Debt Purchase": The Federal Reserve Returns as the "Number One Buyer" of US Debt, Easing Financing Pressure, and Trading Opportunities Such as Interest Rate Swaps to Welcome Tailwinds.

J.P. Morgan and Barclays Bank believe that the Federal Reserve will absorb a majority of the issuance of US Treasury bonds.

Economists: The Bank of Japan's interest rate hike next week is "a done deal," with the focus shifting to clues about the future path and neutral interest rate.

According to a survey of observers of the Bank of Japan, the Bank of Japan will raise its policy interest rate next week, marking the first restart of a rate hike cycle since January.

Funds are shifting! AI frenzy suddenly encounters cold water from Oracle's financial report, Dow Jones Industrial Average soars 1.3% as cyclical stocks stage a comeback.

The US stock market closed higher in volatile trading, Oracle's (ORCL.US) latest financial report rekindled concerns about whether technology companies can profit from their artificial intelligence investment plans, while the S&P hit a new closing high.

The Federal Reserve is back in the short-term debt market, and Wall Street urgently raises expectations for bond purchases.

The Federal Reserve announced a monthly purchase of $400 billion in treasury securities to alleviate short-term funding pressures. This move led to a significant downward revision of the net supply expectation for US Treasury in 2026 on Wall Street, and drove short-term interest rates lower across the board.

The unexpectedly large narrowing of the US trade deficit in September to nearly a five-year low was mainly driven by a surge in exports.

The trade deficit in the United States narrowed significantly in September, unexpectedly reaching its smallest size since mid-2020, primarily driven by a surge in exports.

Sing short 2026 oil prices on Wall Street, OPEC still adhere to the optimistic narrative of "stable growth in demand".

On one hand, investment banks are predicting "supply surplus," on the other hand, OPEC is forecasting stable growth in demand: crude oil production rose to 43.06 million barrels per day in November, and the outlook for crude oil demand in 2026 remains unchanged.

The number of initial jobless claims in the United States surged last week, experiencing the largest weekly increase since the outbreak of the pandemic.

Data released by the US Department of Labor on Thursday showed a sharp increase in initial jobless claims last week, following a significant decrease during the Thanksgiving holiday week, marking the largest weekly increase since the outbreak of the COVID-19 pandemic.

Musk is brewing the "craziest IPO in history"! When SpaceX lands on the market, will the U.S. stock market move from the "Mag7" era to the "Great Eight Heroes" era?

Is the "Magnificent 7" of the US stock market upgrading to the "Great 8"? Can SpaceX break through in the high valuation IPO graveyard - the trillion-dollar valuation frenzy of SpaceX will face off with the curse of high valuations.

IEA's latest monthly report: Sanctions impacting supply, improving demand outlook, oversupply pressure on crude oil expected to ease by 2026.

In its latest monthly oil market report released on Thursday, the International Energy Agency (IEA) raised its forecast for global crude oil demand growth in 2026, while lowering its supply growth forecast. It is expected that the size of the oversupply in the market will narrow slightly next year.

Europe's "zero emissions" target faces change, fuel vehicle ban may have a five-year grace period.

Under strong pressure from some of the largest car-producing countries in the EU, the EU is considering delaying the effective ban on internal combustion engines by five years.

Oracle Corporation (ORCL.US) deals a blow to AI faith overnight! The US stock market's "Christmas market" adds another variable

Wall Street's focus on Oracle has shifted from "order growth" to "actual order conversion efficiency" and "overall company profit margin."

U.S. Treasury bonds stabilize and wait for the Fed to start bond purchases, with the market focusing on the auction of 30-year Treasury bonds.

After experiencing the largest increase in three weeks, US Treasury bond prices have remained stable, as investors prepare to welcome the Federal Reserve's monthly purchase of $400 billion in Treasury bonds starting from Friday.

The European Central Bank plans to streamline the banking industry regulatory framework but explicitly refuses to lower capital buffer requirements.

The European Central Bank proposed a simplification of banking industry regulations on Thursday, planning to streamline the complex regulatory rules introduced after the global financial crisis, while maintaining the overall regulatory intensity.

Freight rate index soars 50% within 50 days! Shortage of oil tankers intensifies, six new giant tankers join the "empty running oil snatching" lineup.

Due to a shortage of oil tankers, the newly constructed ship was unable to load finished oil on its maiden voyage and had to quickly load crude oil empty.

European natural gas futures rebounded from a 20-month low as slowing LNG flows raise concerns over supply balance.

European natural gas futures prices have begun to rise after hitting their lowest point in 20 months, as traders assess the impact of slowing liquefied natural gas flows on supply balance in the region.

Bank of China: Short-term bearish outlook, but the US dollar will make a comeback by the end of 2026.

French Natixis Bank said that although the US dollar will be under pressure in the short term, it will regain strength in the medium to long term based on the relative advantage of the US economic fundamentals, achieving the "return of the king" for the US dollar.

In less than 24 hours, more than 50 billion yuan was splurged! Why are major technology giants increasing their investments in India's AI track?

In less than 24 hours, both Microsoft and Amazon have promised to invest over $50 billion in India's cloud services and artificial intelligence infrastructure.

From Tokyo to Wall Street! With the help of the new policies of Tokyo City and the interest rate cuts by the Federal Reserve, Mizuho plans to expand its investment banking business.

The CEO of Suiho expressed optimism, believing that the development momentum of investment banking business in Japan and the United States will continue to be maintained.

The Fed's interest rate cut adds fuel to the uptrend, copper prices approach historic highs.

After the Fed cuts interest rates, copper prices approach historic highs.

Interest rates rise, join hands with fiscal expansion! Japanese government debt interest may double in the next three years.

The rise in short-term and long-term government bond yields will increase Japan's government debt interest burden. The continuous increase in Japanese government bond yields in the recent period has heightened market concerns that the government debt interest burden will continue to grow like a snowball rolling bigger and bigger.

Super long bond demand is surging! The subscription multiple of the 20-year bonds auction has hit a five-year high, with high yields attracting a flood of capital.

Japanese bond demand ratio hit a five-year high after the auction of 20-year government bonds, with higher yields attracting investors and driving up Japanese bond prices.

The exchange rate of the US dollar against the South Korean won is approaching the red line of 1500! The South Korean authorities may intervene forcefully to defend the local currency.

Some analysts have pointed out that if the South Korean won falls to the psychologically significant level of 1,500 won to the US dollar - the highest level since 2009, South Korean authorities may increase their efforts to defend the Korean won.

The Fed gives "blonde girl" gift! "Loose signal" and liquidity both went hand in hand, ACR Holdings welcomes tailwind.

The results of the Federal Reserve policy meeting on Wednesday were less hawkish than market expectations, and the Federal Reserve announced that it will purchase $400 billion in short-term government bonds each month starting from December 12, which will to some extent bring comfort to Asian markets and boost various assets.

Trading in the North American financial deficit frenzy: Former PIMCO executive bets on steepening of the US-Canada yield curve.

Former Pimco manager bets on steeper US and Canadian yield curves.

Powell's hawkishness falls short of expectations + "mini QE" triggers market explosion! The US dollar plunges, while US bonds and precious metals soar.

Due to Federal Reserve Chairman Powell's speech at the press conference not being as hawkish as the market had expected, and the Fed announcing the purchase of $400 billion in short-term government bonds starting from December 12, the dollar fell, while US bond and precious metals rose in response.

Former Bank of Japan official predicts: After the rate hike in December, there may be three more hikes.

Former Bank of Japan official said that the Bank of Japan may raise interest rates four times by 2027.

For the third time in a row! The Federal Reserve cut interest rates as scheduled by 25 basis points, but internal disagreements intensified, and they will purchase $40 billion in bonds each month.

The Federal Reserve announced the third consecutive interest rate cut of the year, but still maintains the outlook of only one rate cut in 2026.

What did Powell say? The financial markets instantly boiled! The three major indexes surged wildly, and gold rose in the short term.

Federal Reserve Chairman Powell explained in detail the complexity of current policy trade-offs.

Tariff revenue soared to support, US November fiscal deficit cools down, White House launches new sanctions on Nicaragua.

The latest monthly budget report from the US Department of the Treasury shows that the budget deficit in November, adjusted for calendar effects, was $278 billion, a slight decrease of $16 billion compared to the same period last year.

Economic resilience stronger than expected, Bank of Canada announces as scheduled to keep interest rates unchanged.

The Bank of Canada announced on Wednesday that it would maintain the benchmark interest rate at 2.25%.

Wall Street's five major investment banks agree: the "darkest moment" for oil prices has not passed, and they may fall to $59 by 2026.

According to the average prediction of the five major Wall Street investment banks, Brent crude oil futures will further decline to around $59 in 2026.

Oaktree Capital's Marks: NVIDIA Corporation (NVDA.US) with a P/E ratio of 30 "is not crazy." AI may not necessarily be a repeat of the internet bubble.

Max said, "This time is different." AI products already exist, and there is an explosive growth in demand for them, leading to a rapidly increasing revenue. In addition, the valuation ratios of mature participants, such as the price-to-earnings ratio, are reasonable. For example, Nvidia's forward price-to-earnings ratio is around 30 times, which, although high for an excellent company that generates huge profits, is not crazy, and far lower than the trading levels of some telecommunications, media, and technology stocks during the internet boom of 1999.

Eurozone economic growth resilience exceeds expectations! Lagarde predicts: outlook may be raised again next week

European Central Bank President Lagarde has stated that the bank's latest forecast report, to be published next week, is likely to provide a more optimistic assessment of the economic growth outlook.

Vote with real gold and silver! The options market bets that the trend of AI stock market in the US is far from over.

Will the rise in artificial intelligence stocks soon come to an end? Options traders have made their judgment on this, and their answer is a clear no, at least not in the short term.

Silver skyrockets past $60 to reach a new high! Shenbao Bank: Multiple positives resonating, bull market in 2026 still possible.

Shengbao Bank stated that due to multiple rare favorable factors such as monetary policy, market structure, and supply and demand of spot goods resonating, the price of silver has more than doubled in 2025, breaking through the $60 mark to refresh historical highs. Looking forward to 2026, the bullish trend in silver will continue, but it is necessary to be vigilant against potential risks and disruptions.

Musk admits regretting "crossing borders" into politics: Although he stopped a billion-dollar "zombie payment," he will never do it again.

Elon Musk recently stated that the government efficiency department under the U.S. White House has only achieved "limited" results in cutting inefficient federal spending; if he could choose again, he would never again get involved in this work.

"Electric car winter" is coming? Lucid (LCID.US) CEO says demand for electric cars in the US and Europe is slowing significantly

The CEO of Lucid believes that the demand for electric vehicles in the United States and Europe will slow down significantly.

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