A new week full of events and market news: It is important to stay informed and informed of all major events, developments and market fluctuations

In this report, Evest provides you with insights and analysis of the most important market news

Content

Japan to double its budget reserves

Retail sales in America

Tesla announces a price reduction for its cars in China

Gold rises today

Japan to double its budget reserves

The Japanese government plans to double its budget reserves to 1 trillion yen ($6.9 billion) in the next fiscal year,
Prime Minister Fumio Kishida said on Sunday.

Kishida announced the plan after visiting a region in northwestern Japan hit by a strong earthquake earlier this month.

Retail sales in America

US retail sales data are expected to be closely watched on Wednesday for signs that consumer spending,
the main driver of economic growth remains resilient amid rising interest rates.

Retail sales are expected to increase by 0.4% in December, after a 0.3% increase in November.

Data on housing starts and existing home sales are expected to reveal difficulties facing
the housing market in the face of rising borrowing costs.

Tesla announces a price reduction for its cars in China

Tesla announced a reduction in the prices of some of its versions in China.
The price of the Model 3 has been reduced by 5.9% to 245,900 yuan (about $34,300).

Model Y’s price has also been reduced by 2.8% from 266,400 yuan to 258,900 yuan.

The price of the Chinese-made Model 3 was reduced to 285,900 yuan,
while the price of the Chinese-made Model Y was reduced to 299,000 yuan.
At the same time, China’s regulatory body announced that Tesla will recall about 1.6 million cars in China
due to problems with the power steering system device. The recall includes Model S, Model 3, Model X and Model Y.
Tesla is working to resolve the issue immediately and plans to release over-the-air (OTA) updates to affected users

Gold rises today and breaks the 2050 barrier

The price of gold rose today, surpassing the $1950 level, and breaching the 2050 levels.
Gold is benefiting from some geopolitical turmoil that has arisen in the Red Sea,
with Britain and the United States announcing a continuing campaign of air attacks against the Houthis in the region.

fueled by expectations of an interest rate cut this year, Gold increase
investors are accumulating bets on a 166 basis point cut in interest rates this year, exceeding the 150 basis point cut bets last Friday.

A new week full of events and market news

A new week full of events and market news

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