Overnight global news you need to know on Saturday:
1. The Federal Reserve announced the details of the upcoming framework review, which will not include a 2% inflation target.
2. The three major U.S. stock indexes closed up collectively, with the Dow Jones Industrial Average up 0.97%, setting a new record closing high, and a cumulative increase of 1.96% this week; the S&P 500 rose 0.35%, a cumulative increase of 1.68% this week, recording 5 consecutive daily increases; the Nasdaq rose 0.16%, a cumulative increase of 1.73% this week. The Nasdaq China Golden Dragon Index closed down 1.37%, a cumulative decrease of 0.01% this week. Major European stock indexes closed up collectively, with the German DAX 30 index up 0.84%.
3. Putin said that Russia has a reserve of "Hazel" missiles and it is necessary to mass-produce them
4. The deputy chairman of the Russian Federation Security Council said that if the conflict continues to escalate, no possibility will be ruled out.
5. Zelensky said that Ukraine has begun meetings with partners on a new air defense system.
6. The Czech Republic will deliver 500,000 artillery shells to Ukraine by the end of this year.
7. ECB Governing Council member VILLEROY said that the inflation target of 2% will be reached earlier than expected in 2025.
8. ECB Governing Council member Centeno said that if the risk becomes a reality, a larger interest rate cut may be considered.
9. According to the Federal Reserve, stablecoin assets have grown significantly since the April report. The sustainability of US debt poses a top financial stability risk. Hedge fund leverage has reached the highest level since 2013, or near such a level.
10. The Chicago Board Options Exchange will launch the first cash-settled option product related to spot Bitcoin on December 2.
11. Bitcoin is approaching $100,000, setting a new high.
12. The settlement price of international crude oil futures closed up more than 1%. WTI crude oil futures rose 1.62% in January, and rose 6.45% this week. Brent crude oil futures rose 1.26% in January, and rose 5.81% this week.
13. The World Health Organization said that the monkeypox outbreak continues to constitute a "public health emergency of international concern."
14. Amazon will invest an additional $4 billion in Anthropic, "OpenAI's rival."
15. The U.S. Securities and Exchange Commission said that UPS will pay a $45 million fine for improper valuation of its business units.
16. COMEX gold futures rose 1.36%, up 5.47% this week. COMEX silver futures rose 1.36%, up 3% this week.
17. The scale of the overnight reverse repurchase agreement used by the Federal Reserve on Friday was $204.254 billion.
