Global news you need to know before the U.S. stock market opens on Friday

Wallstreetcn
2025.01.24 13:59

U.S. pre-market popular Chinese concept stocks generally rise, and European luxury goods stocks surge. CCTV News: On the 23rd, Trump stated that he has communicated with Chinese national leaders, and he believes that Sino-U.S. relations are very good. The Bank of Japan raised interest rates by 25 basis points as expected! This is the largest rate hike in 18 years. Bank of Japan Governor: If expectations are realized, interest rates will continue to rise, and rates are still far below neutral levels. Eurozone January composite PMI returns to expansion, and Germany's manufacturing PMI exceeds expectations. The Monetary Authority of Singapore maintains the midpoint and width of the exchange rate range unchanged, while lowering the slope of the exchange rate range. Novo Nordisk's U.S. stock pre-market rises over 12%, as clinical trials show its weight loss drug Amycretin reduces weight by 22%. Ericsson's pre-market falls over 10%, as its fourth-quarter performance announced earlier did not meet expectations. Tesla's rival Rivian: A hands-free driving system will be launched in 2025, achieving "autonomous driving" in 2026. Nikkei 225 index closed down 0.1%; Shanghai Composite Index closed up 0.7%; Hang Seng Index closed up 1.86%