Latest Finance-Economy News
Record $23.6 Billion Bitcoin Options Expiry Looms, Sparking Volatility Fears
Bitcoin faces unprecedented volatility from a $23.6 billion options expiry on December 26, the largest on record, as market makers unwind hedges. Analysts predict sharp price swings with support at $80,000-$82,000 and early bullish divergence signals.
Past cycles suggest potential short-term rebound despite bear market recovery phase.
Russian Ruble Tops Major Currencies with 45% Surge Against USD in 2025
The ruble has strengthened 45% against the dollar since January, trading near 78 per USD, defying sanctions and low oil prices. High interest rates and reduced foreign currency demand by Russians fuel the rally, exceeding government forecasts.
However, it challenges the war economy by eroding export earnings value.
Canada Imposes 25% Tariffs on Steel Derivative Products Effective Today
Canada introduces 25% tariffs on steel derivative imports from all countries starting December 26 to protect domestic industry. This measure targets full value of listed products amid ongoing trade tensions.
It aligns with broader global tariff escalations.
WTO Chair Rules Out Major Reform Deal at Upcoming Meeting
WTO reform, especially consensus-based decision-making, faces gridlock with no deal expected at the next major meeting. The rule requiring all 166 members' agreement has stalled negotiations for years.
Members acknowledge need for change but progress remains elusive.
China Launches $113 Billion Free-Trade Zone on Hainan Island
Hainan becomes a duty-free experiment with $113 billion investment to attract foreign capital and boost local value-added goods. Restricted service sectors open to foreign firms, allowing tariff-free entry to mainland China for qualifying products.
Officials aim to spur investment in the world's second-largest economy.
New Zealand Seals FTA with India to Double Bilateral Trade
New Zealand-India FTA eliminates tariffs on 95% of NZ exports, with over half duty-free immediately, granting full access for Indian goods. NZ commits $20 billion investment in India over 15 years.
The pact targets rapid trade expansion.
India Counters US Tariffs with New FTA Deal with Oman
India signs FTA with Oman, its second in six months after UK pact, amid talks with EU, NZ, and Chile. This diversifies trade amid US tariff threats.
It bolsters India's global trade strategy.
US Fed Balance Sheet Release Scheduled for Today
The Federal Reserve's balance sheet data is set for release on December 26 at 3:30 PM CT, drawing investor attention. This update provides insights into monetary policy and liquidity.
It follows recent economic indicators.
Key Economic Data Releases on December 26: Japan, Singapore, US
Today's calendar features Japan's Industrial Production YoY Prel at 1.6%, Singapore Industrial Production, and US API Crude Oil Stock Change. Additional data includes KR Inflation Rate and CN National People's Congress.
These releases could sway markets amid holiday period.
US Stocks Close Mildly Higher Amid Persistent Bullish Sentiment
Major US stocks ended slightly up, supported by bullish momentum despite thin holiday trading. Dynavax shares surged 38% on $2.2 billion Sanofi acquisition news.
No major earnings reports scheduled for December 26.
Bank of Japan Summary of Opinions Due Soon
Japan's BoJ Summary of Opinions is upcoming, potentially influencing yen and regional markets. It follows recent unemployment data and precedes other Asian releases.
Investors watch for policy hints.
Global T-Bill Auctions and Unemployment Data on Horizon
South Africa's T-Bill auctions and Brazil's Unemployment Rate at 5.4% are scheduled soon. US data includes Redbook YoY and S&P/Case-Shiller Home Prices.
These reflect fiscal and housing trends.