Market Information Monday 12 January 2026

China could narrow its AI gap with the United States through greater risk-taking and innovation, according to leading Chinese researchers, although limited access to advanced chipmaking tools remains a major obstacle. Recent IPOs of Chinese AI firms signal growing confidence in the sector, while constrained computing resources are pushing companies to innovate by running large models on cheaper, less powerful hardware.

The coming week will focus on global inflation data and the start of the U.S. earnings season, led by major banks. Investors will watch U.S. inflation figures, the Fed’s Beige Book, and European inflation data, while weaker job growth is seen as giving the Federal Reserve room for another rate cut later this spring.

President Donald Trump said the United States will block any Venezuelan oil or money from going to Cuba and urged Havana to strike a deal with Washington, escalating pressure on the island after U.S. forces detained Venezuela’s president. Cuba rejected the threat, insisting on its right to import fuel from any supplier and vowing to defend its sovereignty, while Venezuela’s oil shipments to Cuba have already halted under the U.S. blockade.

The 6M Euribor increased with 1 basis point to 2.11% compared to previous business day. The 10Y Swap is unchanged at 2.88% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.