World Market News of the 22 January with FXOpen #fed #nikkei #nikkei225 #oilprices

TWO IMPORTANT EVENTS THIS WEEK COULD SHAPE THE FUTURE OF FED RATE POLICY Two big economic reports coming up this week could go a long way toward determining at least which way the central bank policymakers could lean on policy. Gross domestic product will be released Thursday and the personal consumption expenditures prices reading on inflation is out Friday. “It’s not about secret meetings or decisions. It’s fundamentally about the data” that will determine policy, Chicago Fed President Austan Goolsbee told CNBC. Source: CNBC JAPAN’S NIKKEI SCALES 34-YEAR PEAK ON WALL STREET RECORD Japan’s Nikkei surged to a new 34-year peak on Monday, fueled by the U.S. S&P 500’s record-high close on Friday, boosting investor confidence. Despite signs of overheating in the Asian market, the Nikkei opened higher, experienced a slight morning dip, and then climbed by % to close at 36,, reaching a level not seen since February rally was widespread, as 207 of the index’s 225 components advanced, and all Nikkei sectors, especially real estate and technology, showed gains. Source: Reuters OIL DECLINES AS LIBYA’S TOP FIELD RESTART ECLIPSES RED SEA RISKS Oil prices declined as Libya, an OPEC member, resumed production at its largest field, increasing global ongoing concerns about tensions in the Red Sea affecting shipping, the restart of Libya’s Sharara field, which used to produce around 270,000 barrels a day, led to a drop in the global benchmark Brent to approximately $78 per barrel. Meanwhile, West Texas Intermediate was close to $ anticipate continued disruptions in the Red Sea and Suez Canal due to the US efforts to deter Iran-backed Houthi rebels in Yemen from targeting vessels. Source: Bloomberg 🌐 FXOpen official website: Join us on our social networks: ✅ ✅ ✅ ✅ CFDs are complex instruments and come with a high risk of losing your money.