The ECB also presses down expectations? Musk shows human robots folding their clothes.

Like the Federal Reserve, “as in the case of the US Federal Reserve,” ECB officials are pressuring the market’s interest-reduction expectations. The ECB Central Bank’s Board of Governors, Robert Holzmann, warned on Monday that it was too early to consider interest-reductions, saying that the market’s expectations of central bank monetary easing were too optimistic to guarantee that interest would fall this year, and that geopolitical risks and inflation would allow the ECB to avoid falling this year.

Moreover, Europe’s economic “railhead” – Germany, preliminary report indicates that the country’s gross domestic product (GDP) fell by 0.3% in 2023 compared to 2022. This is Germany’s worst performance since 2021, and the second-in-four-year contraction. On the foreign side, Mask released a new video on the social media platform showing the latest developments in the company’s human robot, Optimus. In the video, Optimus took a shirt out of the basket, folded it carefully, and put it aside.

Optimus is not yet able to perform this operation on its own, but it is certainly possible (for the future) to do so entirely on its own in an arbitrary environment, but he does not reveal when it will be available. With regard to commodity energy, on Monday, January 15, local time, the Chilean National Copper Council (Cochilco) has revised its forecast of copper prices for 2024, on the grounds that the Fed will switch to interest-rate reduction, and that the energy transition will continue to stimulate the growth of copper demand.

Cochilco expects the average price of copper to be $3.85/lb this year, higher than the previous projection of $3.75/lb. The average price of copper next year is $3.90/lb. At present, copper is about $3.78/lb. On the Asian stock market, the Helium Index fell slightly by 0.17 per cent, reporting 16216 points. [Foreign exchange commodities] Brent crude oil main contract was $78.61 per barrel, an increase of 0.41 per cent; the crude oil main contract was $555.00 per barrel the other night, a decline of 1.79 per cent.

Germany experienced a 0.3 per cent decline in GDP for the whole year of 2023 and only two contractions in more than a decade. The latest preliminary report published by the German Federal Statistical Office (Bundesgerichtshof, Germany, January 15) showed that its gross domestic product (GDP) fell by 0.3 per cent in 2023 compared to 2022; a calendar-adjusted decline of 0.1 per cent and 0.3 per cent represented Germany's worst performance since 2021 and the second deceleration in 14 years.

ECB officials continue to press down on interest-reduction expectations. ECB Board member Robert Holzmann said on Monday that the market’s expectations of central bank monetary easing were too optimistic to guarantee that interest rates would be cut this year, and that high geopolitical risks and inflation would prevent the ECB from cutting interest rates this year. Another ECB Governor, Joachim Nagel, was open to interest-reduction, saying that it was too early to talk about interest-reduction, but admitted that this summer might be an opportune time to discuss whether it would be appropriate to relax policies.

On January 18th, China announced that it would host a ceremony on January 18 on the occasion of the opening of the Hong Meng's ecological sail, announcing the development of Harmonyos NEXT and various Harmonyos NEXT applications. Man-shaped robots have made progress. In the video, Optimus takes a shirt out of the basket, folds it carefully, and puts it aside. Although the robot appears to be moving slower than humans, this demonstration marks an important milestone in robot development and highlights its potential to handle routine tasks.

Apple will remove its watch oxygen detection function from the US import ban on Monday, local time, medical surveillance technology company Masimo states that after the US authorities approved the import ban, Apple removed it from the apple watch by updating software to avoid the US import ban caused by the patent dispute. Microsoft started selling its consumer-oriented artificial intelligence assistant, Copilot Microsoft, to sell its consumer-oriented artificial intelligence assistant, Copilot, “monthly rent” $20.

This means that Office AI Copilot retail users will have access to OpenAI’s latest version of ChatGPT technology and photo creation. Microsoft consumers who subscribe to cloud services can use Copilot in Word, Outlook, Excel, and PowerPoint to help answer questions, summarize data, and create content.

Chile raised its copper price forecast this year by Monday, January 15, and the Chilean National Copper Industry Council (Cochilco) increased its copper price forecast for 2024 on the grounds that the Fed would switch to interest-rate reduction and that the energy transition would continue to stimulate the growth of copper demand. Cochilco predicted that the average copper price would be $3.85/pound this year, higher than the previous projection of $3.75/pound, and $3.90/pound next year. At present, copper prices are about $3.78/pound.

In its report, Cochilco noted that the prospects for copper were improving as the Fed sought to normalize interest rates, and that accelerated sales of electric cars stimulated demand for copper, all of which offset the increase in global geopolitical risks.