1. Important news
[British Prime Minister announces "Brexit Roadmap": It will leave the EU single market]
On Tuesday, 19:45 Beijing time, British Prime Minister Theresa May publicly stated that the UK will not seek the identity of some member states of the EU, should not "half withdrawal and half stay", and will not extend the identity of member states in the EU single market. Meanwhile, May also stated for the first time that it would push for a final Brexit agreement to vote in parliament and would seek a trade deal with the EU. She believes that for the UK, "it is better to reach an agreement than to reach a bad agreement." "We respect the EU's position on the indivisible four aspects of free access. More trade barriers mean fewer jobs." But she also said: "Punishing the UK will bring disaster to the EU itself." Some analysts said that this statement was not as "decisive" as originally reported.
2, financial
[The pound hits the biggest increase in eight years]
Today, the pound successfully attracted market attention. After British Prime Minister Theresa May made a statement on UK-Europe relations, the pound/dollar appreciated 2.9% today to 1.2397, the biggest single-day gain since 2008. The U.S. dollar performed weakly today, with the U.S. dollar/yen falling 1.3% to 112.67. EUR/USD rose 1% to 1.0707.
[Federal Director: Warn of fiscal stimulus risks and raise interest rates more if necessary]
On Tuesday, Fed Director Brainard said that if Trump government spending plan causes the economy to grow rapidly, the Fed will raise interest rates more radically than expected. Brainard warned of the risks of fiscal stimulus, saying the cost could be high. Brainard's views are believed to be quite close to Fed Chairman Yellen. Brainard said that the Fed's gradual interest rate hike policy in the future will be related to fiscal policy. If fiscal policy changes cause idleness in the economy to decrease at a faster pace, monetary policy may adjust faster under the same conditions.
[Bayer promises to invest $8 billion in the United States]
Trump spokesman Sean Spicer said on Tuesday that Bayer has promised Trump that once the merger transaction with Monsanto is approved, Bayer will invest $8 billion in the United States and add 3,000 jobs in Monsanto. Bayer CEO Werner Baumann and Monsanto CEO Hugh Grant made the promise after talks with Trump and his aides. Baumann also promised to keep Monsanto's headquarters in St. Louis.
[Trump: The US dollar has been "overly strong"]
Last Friday, Trump pointed out in an interview with " Wall Street Journal " that the US dollar has been overly strong, and American companies have lost their competitive advantage, and the strong US dollar is pushing us into the abyss. He believes that the rapid depreciation of the RMB has led to a strong US dollar to a certain extent, which in turn has damaged the competitiveness of US companies.
3, stock market
[US dollar weakened US stocks closed down on Tuesday]
US stocks closed down on Tuesday. The dollar exchange rate weakened. US President-elect Trump's speech on a strong dollar has made market sentiment cautious. The Dow Jones Industrial Average fell 58.96 points, or 0.3%, to 19,826.77 points; the S&P fell 6.75 points, or 0.30%, to 2,267.89 points; and the Nasdaq fell 35.39 points, or 0.63%, to 5,538.73 points. The financial and health care sector led the decline. The decline in biotech stocks dragged down the Nasdaq.
[European stocks closed down, British stocks hit the largest single-day decline since June last year]
On Tuesday, the three major European stock indexes fell collectively. The UK's FTSE 100 index fell 1.46% to 7220.38, the largest single-day decline on June 27 last year. Theresa May said that the UK will leave the single European market and hit market confidence hard. The pound/USD rose 2.8%, the largest single-day increase since October 2008. Bank stocks performed outstandingly, Su Huang rose 2.5%, Standard Chartered rose 2.8%, the German DAX index fell 0.15% to 11540.00, and the French CAC40 index fell 0.46% to 4859.69.
[Awesome Obama ! US stocks rose 235% during Obama's tenure]
On January 20, 2009, when Obama was sworn in as the 44th president of the United States, the US stock market was in turmoil. At that time, the financial crisis broke out in full swing. On the day of Obama's inauguration, the S&P 500 index closed at 805 points.Eight years later, the S&P 500 has climbed to 2274 points, an increase of 235%, with an annualized return of 16.4%. However, Bill Clinton is better than Obama, and the US stock market rose 264% during Clinton's tenure. According to statistics from Factset Research Systems by " Forbes ", the industry that performed best during Obama's tenure was the consumer discretionary industry, with a return of 338% and an annualized return of 20%. The representative companies in this industry are Under Armor and L Brands. The industry with the worst performance during Obama's tenure was the energy industry, with a return rate of 53%. (Yicai)
4. Market
[Crude oil closes slightly higher, EIA expects shale oil production to increase]
crude oil futures price closed higher on Tuesday, but the increase narrowed from the intraday highest point. New York Mercantile Exchange West Texas Intermediate crude oil (WTI) futures for delivery in February rose 11 cents, or 0.2%, to close at $52.48 a barrel, with an intraday high of $53.52 a barrel. The price of Brent crude oil futures for delivery on the London Intercontinental Exchange fell 39 cents, or 0.7%, to close at $55.47 a barrel.
[Trump disturbs the market, gold price hits a 2-month high]
Gold futures price closed higher on Tuesday. Uncertainty about Brexit and Trump's inauguration as U.S. president this week has boosted market demand for safe-haven investment, pushing gold prices to close at a new high since mid-November. Gold futures for delivery on the New York Mercantile Exchange rose $16.70, or 1.4%, to close at $1212.90 per ounce, with an intraday high of $1218.90 per ounce. Based on the most active contract, the closing price of $1,212.90 is the highest closing price since November 17.
5, technology
[ hard Brexit rebounded, Apple UK Mall raised the price by 20%]
On Tuesday, the UK App Store raised some apps from 79p to 99p, while the US App Store also sold for 99 cents. Analysis points out that Apple's price increase behavior means that the pound fell to parity against the US dollar for the first time. On Tuesday night, British Prime Minister Theresa May publicly stated that the UK will not seek the status of some EU member states, should not "half withdrawal and half stay" and will not extend its status as a member state in the EU single market. During her speech, the pound rose sharply.
[McKinsey: Nearly half of the world's work can be replaced by robots by 2055]
Consulting agency McKinsey released a report on Tuesday saying that although robots and automation technologies are gradually becoming popular, humans are still competitive in the work of emerging technologies, and there is no need to worry about robots completely replacing human work in the future. It is expected that by 2055, nearly half of the world's work activities can be replaced by robots. The report notes that the current debate on automation is mainly focused on the possible large-scale unemployment and labor surplus. In fact, the development of the world economy requires the joint cooperation between humans and robots to deal with the aging problems that arise in developed and developing countries.
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