The European Central Bank will announce its interest rate decision on Thursday, and it is expected to remain inactive, paying attention to the content of the statement and the Draghi press conference. The White House said the government’s suspension could lead to zero growth in the US economy this quarter. China’s Vice President Wang Qishan promised the Chinese economy to grow in Davos sustainably in 2019, and vigorously defended globalization and severely condemned Trump’s economic policies.
- The Dow Jones Industrial Average closed at 24,575.62 points, increased by 171.14 points or 0.70%. The Standard & Poor’s 500 Index closed at 2,638.70 points, increased by 5.80 points or 0.22%. The Nasdaq index closed at 7,025.77 points, increased by 5.41 points or 0.08%.
- White House: If the government’s partial lockout continues until the end of March, then the US economy may experience zero growth this quarter, but once the federal agencies reopen, the economy will see “significant growth.”
- US House Speaker Pelosi prevented Trump from giving a State of the Union speech in the House of Representatives during the government’s closure.
- The UK’s FTSE 100 index closed at 6,842.88 points, decreased by 58.51 points or 0.85%. The Frankfurt DAX index closed at 11,071.54 points, decreased by 18.57 points or 0.17%. The French CAC40 index closed at 4,840.38 points, decreased by 7.15 points or 0.15%.
- EU trade officials: If Trump insists on tariffs on EU cars and auto parts, the EU will be prepared to impose tariffs on US goods worth 20 billion euros.
- The European Central Bank will announce its interest rate decision on Thursday, which is widely expected to keep interest rates unchanged.
- Japan’s Nikkei 225 index closed at 20,593.72 points, decreased by 29.19 points or 0.14%. The yen closed at 109.630 against the US dollar, decreased by 0.164%.
- Japanese Prime Minister Shinzo Abe: The strength of the Japanese economy is strong enough to support the October sales tax increase.
- The Shanghai Composite Index closed at 2,581.00 points, increased by 1.30 points or 0.05%. The Shanghai and Shenzhen 300 Index closed at 3,141.05 points, decreased by 2.27 points or 0.07%. The RMB closed at 6.788 against 1 US dollar, increased by 0.286%.
- Chinese Vice President Wang Qishan promised the Chinese economy to grow sustainably in 2019 in Davos.
- Xiao Yaqing, director of the State-owned Assets Supervision and Administration Commission of China: “Made in China 2025” is a natural result of the development of China’s manufacturing industry. China needs to develop its own industry, which will contribute to the world.