Market Bizzz

That is likely to draw focus on Netflix’s aggressive content spending, which finance chief Spencer Neumann said in July would total about $17 billion annually for the next couple of years.

The BOJ’s official two-day meeting will end on Wednesday and speculation is rife it will make further changes to its yield curve control (YCC) policy, given that the market pushed 10-year government bond yields above the policy cap of 0.5% in the past three sessions.

Annual growth in Chinese gross domestic product for the fourth quarter is expected to be reported as only 1.8%, so any upside surprise could lend support to trade-exposed currencies, such as the Aussie.

Investors are mostly expecting a 25 basis points (bps) rate hike increase at the Fed’s next policy meeting. The U.S. central bank raised rates by 75 bps four times last year, before slowing to a 50 bps increase in December. Lower rates tend to be beneficial for bullion as they decrease the opportunity cost of holding the non-yielding asset.

Reuters reported on Friday that at least four Chinese-owned supertankers were shipping Russian Urals crude to China and a fifth supertanker was shipping crude to India, with the oil available at a discount following the imposition of an oil price cap by the Group of Seven (G7) nations.

Premiums for physical gold rose sharply in China last week, buoyed by optimism around the country’s reopening before Lunar New Year festivities, while Indian traders offered steeper discounts as record-high local prices dented consumer sentiment.

The rebound in domestic demand is expected to lead to a 40% drop in China’s exports of refined oil products in January from December’s figure, led by gasoline, trading sources and analysts said.

“A very strong price breakout has been there for UltraTech Cement on the weekly as well as on the daily charts”