<p>Chinese media report:</p><ul><li>Suzhou city, in eastern China's Jiangsu province, has fully removed home purchase restrictions</li></ul><p>–</p><p>Suzhou is a quasi tier-1 city in China, near Shanghai</p><ul><li>It's the most populous city in Jiangsu provinc
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ForexLive Asia-Pacific FX news wrap: Major forex rates little changed
<ul><li><a href="https://www.forexlive.com/Cryptocurrency/us-doj-charges-3-people-in-a-19bn-cryptocurrency-scam-20240130/">US DOJ charges 3 people in a $1.9bn cryptocurrency scam</a></li><li><a href="https://www.forexlive.com/centralbank/australias-q4-inflation-data-preview-what-to-expect-its-im
BlackRock Investment Institute upgraded its US stocks outlook to overweight, from neutral
<p>Some summary notes from the rperot:</p><ul><li>sees S&P 500 upward momentum continuing for the next 6 to 12 months</li><li>see slowing inflation and rate cuts from the Fed</li><li>tech-driven (AI excitement) should broaden out "as inflation falls further, the Fed starts to cut rates, a
Japan will take steps to secure energy supply following news of US LNG export growth pause
<p> Japan Industry Minister Saito </p><ul><li>Says Japan will take necessary efforts to secure safety energy supply, when asked about The US decision to pause expansion of American LNG exports</li></ul><p>- Energy security is always a question for Japan and threats to it can weigh on the yen.</p><p
Wages in China are falling, fast. Q4 average salaries in 38 major cities fell 1.3% y/y.
<p>This is via info in the Wall Street Journal (<a href="https://www.wsj.com/world/china/why-more-chinese-workers-are-settling-for-less-pay-72b51810" target="_blank" rel="nofollow">gated</a>) </p><ul><li>Unlike the U.S., China doesn’t release updates on the number of people who are c
Media report Biden likely to authorise US military action in the Middle East
<p>Via Sky News:</p><ul><li>As early as tonight, President Joe Biden will authorise US military action in the Middle East.</li><li>He could attack the group responsible, but that will seen by many back home as weak and not striking the heart of the problem: the group's patrons in Iran. Also on the Pentagon
Australian December retail sales -2.7% m/m (expected -0.9%)
<p> I mentioned earlier in the preview that </p><ul><li>There is some distrust of the figures at this time of year, the relatively new Black Friday sales events in Australia play havoc with seasonal adjustments for the months around it. The Australian Bureau of Statistics is still coming to grips with the new sales event.<
ForexLive European FX news wrap: Eurozone economy narrowly avoids technical recession
<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/dollar-trades-more-steadily-on-the-day-eyes-stay-on-the-fed-tomorrow-20240130/">Dollar trades more steadily on the day, eyes stay on the Fed tomorrow</a></li><li><a href="https://www.forexlive.com/news/treasury-yields-c
ECB's Vujčić: April or June timing for a rate cut is not a big difference
<ul><li>Rate cuts by 25 bps amount is preferable</li><li>But it is not a given that rate cuts would happen at every meeting, pauses are possible</li><li>GDP data supports view that Eurozone economy is facing soft landing scenario</li></ul><p>In the big picture, one can agree to his remarks above