Economic events

• Gold prices fall over 4%; Asia-Pacific shares trade mixed after Trump says he will name new Fed chair - Asia-Pacific markets traded mixed after U.S. President Donald Trump said that he will announce his choice for the next Federal Reserve chair on Friday.
• Gold jumps over 3% to fresh highs as Asia stock markets trade mixed after U.S. Fed holds rates - The bullion rose more than 3% on Thursday to breach the $5,500 per ounce mark for the first time.
• Fed is likely to lower rates only two more times, even under Trump's next chair pick: CNBC Fed survey - Forecasters don't believe the next Fed chair installed by President Donald Trump will drive down overnight rates towards the low levels demanded by the president.
• Wall Street braced for a private credit meltdown. The risk of one is rising - Private credit is expected to grow from $3.4 trillion in 2025 to an estimated $4.9 trillion by 2029. Wall Street is starting to raise alarms about the risks.
• European markets set to rocket on Trump's Greenland 'deal,' tariffs retreat - European stocks are expected to open higher after U.S. President Donald Trump said a framework agreement had been reached on Greenland and called off tariffs.
• IMF boss has a blunt message for Europe: 'Get your act together' - European leaders are reportedly weighing up potential responses to fresh tariff threats from the White House.
• Asia-Pacific markets set for lower open as investors assess Greenland developments, await key China data - China is set to release a slew of economic data today, including fourth-quarter GDP numbers.
• Global week ahead: Hopes that cooler heads can prevail in Davos - The tension between countries that call themselves allies is palpable going into this meeting.
• UK economy surprises with stronger-than-expected 0.3% growth in November - The U.K. economy grew by a more-than-expected 0.3% in November, data from the Office for National Statistics showed Thursday.
• Trump's shake-up of the old world order sends shockwaves through Europe - The "Old World" appears to have fallen far behind other power blocs in a new world order of territorial takeovers and "might is right."