Fundamental analytics

Daily News - China published good export and import data

1. White House postpones blacklisting Alibaba, Tencent and Baidu
2. Chinese economy continues to recover
3. House of Representatives approves Trump impeachment resolution

State television company CCTV reported that Chinese President Xi Jinping called on former Starbucks chairman Howard Schultz to contribute to the establishment of US-Chinese trade cooperation and bilateral relations. Meanwhile, the American media, citing their sources, reported that the Donald Trump administration abandoned plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, but this does not mean that the United States wants to abandon plans to increase pressure on Beijing.
China continues to exhibit high rates of export and import growth. In December, compared to the same period last year, the volume of exports increased by 18.1%, and the volume of imports was increased by 6.5%. Both indicators were higher than forecast market expectations. China is expected to be the only major economy to show positive growth in 2020.
The House of Representatives of the US Congress on the eve approved a resolution on the impeachment of President Donald Trump less than a week before he leaves the White House. Trump became the first US president for whom an impeachment decision was made twice. In the future, the question of impeachment will be considered by the Senate. To do this, Democrats must secure the support of 2/3 of the vote, which is unlikely.

News to pay attention today:
07:00 GMT. Germany: preliminary GDP data
12:30 GMT. EU: ECB statement on monetary policy
13:30 GMT. United States dollars: weekly data on the number of applications for unemployment benefits
17:30 GMT. USA: speech by Fed head Jerome Powell

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