Category: Flash News

On January 4th, New York judge Juan Mochan ruled on January 3rd local time to uphold Trump’s conviction in the “hush money” case, reject Trump’s request to overturn the jury’s verdict, and set the verdict date for January 10th. Judge Juan Mercan stated that Trump can choose to appear in person or attend the sentencing hearing in a virtual manner.

On January 4th, the entry issues caused by computer system failures at multiple airports in Germany have gradually eased on the evening of the 3rd local time. Major airports such as Frankfurt, Berlin, and Dusseldorf have announced the resumption of normal operations. The German Federal Police and airport operators have stated that the efficiency of processing entry procedures has returned to normal levels.

On January 4th, JPMorgan Chase suggested increasing exposure to the Japanese yen to prevent the risk of an unexpected slowdown in the US economy. Although JPMorgan’s baseline expectation is for the US dollar to further strengthen in the first quarter of 2025, “optimism towards the US is already well reflected in prices, even though underlying details have softened,” strategists such as Meera Chandan wrote in a report on Friday. For our bullish view on the US dollar, this is a constantly changing risk factor that needs attention, but going long on the yen looks more attractive; increasing exposure to the yen. One way to prevent the risk of unexpected slowdown in US data is to maintain a long position in the Japanese yen. It is expected that there is still room for further weakening of the euro, although the pessimistic sentiment towards Europe has been digested by the market; After some profit taking in the previous period, it is recommended to increase the short position of EUR/JPY and maintain the short position of EUR/CHF and USD.

On January 4th, Ukrainian President Zelensky announced on social media that from January 1st to 3rd, Russia used over 300 attack drones and about 20 missiles, including ballistic missiles, against Ukrainian cities and villages. He called on partners not to reduce the construction of Ukraine’s air defense system and to increase the reserve supply of air defense missiles. The Russian side has not yet responded to this.

On January 4th, Jordanian Deputy Prime Minister and Minister of Foreign Affairs and Overseas Chinese Affairs Safadi had a phone call with Syrian Transitional Government Foreign Minister Asad Hassan al Haibani on January 3rd local time. Safadi and Shibani discussed the development of the situation in Syria and the ways to cooperate in addressing the challenges of Syria’s transition phase. Both sides agreed that at Safadi’s formal invitation, Syria will send a ministerial level government department, military and security delegation to visit Jordan to discuss cooperation mechanisms in multiple important areas such as borders, security, energy, transportation, water resources, and trade. Shebani stated that the Syrian Transitional Government attaches great importance to its relationship with Jordan and hopes to further develop and strengthen this relationship in various fields. He expressed gratitude for Jordan’s support to Syria during this critical stage. (CCTV News)

On January 4th, the Federal Reserve stated that it hopes interest rates will remain restrictive for a longer period of time and remains optimistic about the outlook for core inflation. Given the potential upward risk of inflation, there is a tendency to maintain a longer tightening policy. The conditions for further interest rate cuts include confidence that inflation will return to 2% or demand will weaken.

On January 4th, the US Department of Transportation fined JetBlue Airways $2 million on January 3rd local time for prolonged delays on four domestic flights in the United States. This is the first time that the US Department of Transportation has fined an airline for this prohibited flight scheduling behavior.

On January 4th, a traffic accident occurred in Tangua City, Nari ñ o Province, southwestern Colombia, on the morning of January 3rd local time. A bus carrying 42 passengers fell into a cliff over 50 meters deep, resulting in 13 deaths and 29 injuries, with only 1 person surviving. Preliminary investigation shows that the cause of the accident may have been mechanical failure of the vehicle or overspeed leading to loss of control, and the specific cause is still under investigation.

On January 4th, KazAutoZhol, the operating company of the Kazakhstan Highway Administration, announced on January 3rd local time that a series of car collisions occurred that day, resulting in 12 injuries. The Ministry of Emergency Situations of Kazakhstan stated that 71 people, including 8 children, have been evacuated from the accident site to a heating point and are planned to be transported to Astana by railway.

On January 4th, according to the medical department in the Gaza Strip on January 3rd local time, an Israeli attack on the Gaza Strip resulted in at least 52 deaths. In addition, the reporter learned that Israel’s airstrike on Gaza City in the northern Gaza Strip resulted in 7 deaths, including 4 children, and several injuries, some of which were severe. (CCTV News)