--- title: "Global news you need to know before the U.S. stock market opens on Wednesday" type: "News" locale: "en" url: "https://longbridge.com/en/news/225065426.md" description: "The Ministry of Commerce announced that starting from January 20, a subsidy of up to 500 yuan will be available for the purchase of mobile phones, tablets, and smartwatches, while the subsidy for home appliances can reach up to 2000 yuan. The year-on-year growth rate of the core CPI in the U.S. fell to 3.2% in December. The Vice President of the European Central Bank stated that it will continue to ease policies. Germany's GDP is expected to shrink by 0.2% year-on-year in 2024. The CPI growth rate in the UK slowed to 2.5% in December. The Governor of the Bank of Japan will decide whether to raise interest rates. In pre-market trading, the stock prices of several companies in the U.S. rose due to better-than-expected performance in the fourth quarter" datetime: "2025-01-15T14:01:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/225065426.md) - [en](https://longbridge.com/en/news/225065426.md) - [zh-HK](https://longbridge.com/zh-HK/news/225065426.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/225065426.md) | [繁體中文](https://longbridge.com/zh-HK/news/225065426.md) # Global news you need to know before the U.S. stock market opens on Wednesday Ministry of Commerce: Starting from January 20, a maximum subsidy of 500 yuan will be provided for purchasing mobile phones, tablets, smartwatches, and wristbands! For refrigerators, washing machines, and other 12 categories of home appliances, the maximum subsidy per item is 2000 yuan. The core CPI in the United States in December fell to a year-on-year growth rate of 3.2%, marking the first decline in six months. European Central Bank Vice President Luis de Guindos: The economy has lost momentum, and the European Central Bank will continue to ease policies. Germany's GDP in 2024, not seasonally adjusted, shrank by 0.2% year-on-year, marking a second consecutive year of contraction. The UK's CPI growth rate unexpectedly slowed to 2.5% in December, supporting expectations for a rate cut by the Bank of England. The Governor of the Bank of Japan stated that a decision on whether to raise interest rates will be made next week, leading to a short-term rise in the yen, with the 2-year Japanese government bond yield reaching a 17-year high. IEA Monthly Report: Under new supply risks, the global crude oil supply surplus is expected to ease by 2025. According to Zhongzheng Jinniu, TikTok plans to shut down its U.S. operations this Sunday. Morgan Stanley's U.S. stock pre-market rose over 3%, with adjusted revenue in the fourth quarter exceeding expectations. Goldman Sachs' U.S. stock pre-market rose over 2%, with net income in the fourth quarter exceeding expectations. Wells Fargo's U.S. stock pre-market rose over 3%, with net interest income in the fourth quarter exceeding expectations. BlackRock's U.S. stock pre-market rose nearly 5%, with revenue and adjusted earnings per share in the fourth quarter exceeding estimates. U.S. CPI released! U.S. stock futures surged, the dollar index and U.S. Treasury yields fell, and spot gold rose. 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