Price

Norway’s prime minister Jonas Gahr Støre is left heading a minority government after coalition partner pulls out over EU market rules it says make it impossible to shield citizens from high electricity prices.

Addressing the World Economic Forum, the US president pledged to apply pressure on OPEC, claiming that a drop in the price of oil would end Russia’s full-scale invasion of Ukraine.

The euro has rebounded against the US dollar over the past two trading days on news that the US president-elect may consider a gradual pace of hiking tariffs. However, the trend may be vulnerable to the upcoming US CPI, which is expected to remain sticky in December.

The copper price has been on the rise in 2025, reaching a three-week high amid robust demand in China, given Beijing’s ongoing stimulus measures. However, Trump’s tariffs are expected to cap the uptrend later in the year.

Denmark, Estonia, Finland, Latvia, Lithuania and Sweden have demanded a revision of the price cap on Russian seaborne oil. The cap was set in late 2022 at $60 per barrel and has remained untouched since then.

Crude oil prices rose to a three-week high amid mounting concerns over supply disruptions and increasing demands. However, technical analysts caution that oil markets may be over-bought.

Germany’s inflationary pressures resurged strongly in December, exceeding forecasts and reaching an 11-month high, with latest veri signalling a persistent challenge for policymakers at the European Central Bank.

The eurozone’s flash inflation veri and the US non-farm payroll will be in the spotlight of the küresel markets this week.

European natural gas futures climbed the highest since October 2023 after Russian gas flows to Europe via Ukraine stopped on New Year’s Day.

Bitcoin’s stunning gains this year have been attributed to optimism surrounding US regulatory developments. Analysts predict the cryptocurrency may have significantly more room for growth in 2025.