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๐ŸŒ Market Brief | Ultra-Short Update

US escalates pressure on EU over Greenland, threatening 10%โ€“25% tariffs, raising fears of retaliation. Dollar weak, global stocks lower, while gold & silver hit record highs on rising geopolitical risk.

FX:

EUR above 1.16

JPY volatile near 158 after Japan snap election

MXN strongest since July 2024

CNY fix near 7.00, strongest since 2023

Bonds & Commodities:

Japan 10Y yield jumps to 2.25%

Gold near $5,000, Silver above $93

Oil slips toward $58.5

Data:

Canada CPI steady

China Q4 GDP 4.5% YoY, weak demand persists

๐Ÿ”Ž Risk-off mood dominates markets.