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Your daily horoscope: January 14, 2025

  HOROSCOPES IF TODAY IS YOUR BIRTHDAY If your current way of working does not seem to be taking you closer to your goals then ditch it completely and start over. New technologies such as artificial intelligence could help you immensely this year, IF you have the intelligence to use them wisely. ARIES (March 21 - April 20): There is a lot of pressure building up in your life at the moment but that’s okay because you thrive on being challenged. When the going gets tough Aries is the first sign to get tough in return and today will be no exception. TAURUS (April 21 - May 21): You may be in two minds about what direction you should be taking but what occurs over the next 24 hours will point the way and all you have to do is follow the lead that the universe gives you. Get past your doubts and get moving. GEMINI (May 22 - June 21): If you start something new today it will take up a lot more time and energy than you expected, so think about it carefully and make sure you will be able to...
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Stock Market Update: Central Banks in Focus

 

Wall Street is experiencing a modest decline in premarket trading as global central banks take center stage. Here’s a brief overview of the key developments:

The Bank of Japan (BOJ) has made a significant move by increasing its benchmark interest rate for the first time in 17 years. The overnight call rate has been raised to a range of 0 to 0.1%, up from the previous negative rate of minus 0.1%. This decision comes as inflation stabilizes above the BOJ’s 2% target, despite lingering uncertainties in industrial production, exports, housing investment, and government spending. Market reaction has been subdued, with Tokyo’s Nikkei 225 index rising 0.7% and the dollar strengthening against the Japanese yen.

This week, all eyes are on the Federal Reserve’s meeting, where interest rates will be discussed. The widespread expectation is that the central bank will maintain its main interest rate at the highest level since 2001. However, investors are eagerly awaiting updated forecasts from Fed officials regarding interest rates for the rest of the year and beyond. Recent reports on inflation have been worse than expected, potentially impacting the number of rate cuts the Fed foresees delivering in 2024. Any deviation from expectations could significantly affect market sentiment.

Across the Atlantic, the Bank of England will announce its latest interest rate decision later this week. Investors will closely watch for any shifts in monetary policy that could impact global markets.

Yesterday, U.S. stocks showed resilience, with the S&P 500 gaining 0.6% and the Dow Jones Industrial Average rising 0.2%. The Nasdaq composite also performed well, gaining 0.8%. Smaller stocks in the Russell 2000 index, however, slipped 0.7%. The market remains sensitive to central bank actions and economic data, making this week’s developments crucial for investors.

As central banks continue to navigate economic challenges, investors should stay informed and monitor policy decisions closely. The global financial landscape remains dynamic, and any unexpected shifts could have ripple effects across markets.


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