Bank of America warns the S&P 500 could struggle in February. February is often a weak month for the S&P 500, especially in the first year of a presidential term. Historical data from 1928 shows the S&P 500 goes up only 53% of the
EUR/USD Increased – The currency pair went up by 0.8% on Tuesday after recent declines. Trade War Fears Reduced – Markets believe Trump's tariff threats are just talk, as he has delayed many of them. Economic Data is Weak – Europe has little important economic data this week. Recovery
Ferrari made more money in 2024, with a 21% increase in profit. The total profit was 1.53 billion euros ($1.58 billion). More people bought Ferrari cars and added custom features. Ferrari expects to grow even more in 2025. Ferrari’s stock price went up by 4.8% before
Australian Dollar Weakens – The AUD is struggling because of increasing worries about US-China trade tensions. China’s Economy Slows – China's Services PMI dropped to 51.0 in January, missing expectations. US Federal Reserve's Stance – Fed official Daly said the US central bank is waiting to see
Pfizer made more money than expected in the last three months. Sales of its COVID-related products were higher than predicted. The company saved money by cutting costs. Because of these factors, Pfizer’s earnings were better than expected.
Trump’s "America First" policy affects global trade. Since February, China, Canada, and Mexico reacted to US tariffs. The European Union (EU) is most at risk from future US actions. US official Howard Lutnick says tariffs on Mexico and Canada are short-term pressure tactics. Tariffs on the EU
WTI CRUDE OIL REMAINS NEAR $72.00, 100-DAY SMA CRUCIAL FOR BULLISH MOVE WTI Crude Oil prices remain near $72.00, close to a one-month low. The price decline continues for the second consecutive day after a retracement from a one-week high. President Trump's decision to delay tariffs
Inflation Drop: Core inflation may fall to 2.3% by the end of 2025 (from 2.8% in 2023). Above 2%: Inflation will keep going down but stay slightly above the 2% target. No Recession: The Federal Reserve lowered inflation after COVID-19 without causing a recession. Bond Market Adjustments: Markets
EUR/USD DROPS BELOW 1.0300 AFTER US TARIFFS ON CHINA EUR/USD falls below 1.0300, trading around 1.0280 during the Asian session on Tuesday. The drop follows the implementation of a 10% across-the-board US tariff on China. The US Dollar strengthens due to the tariff announcement. President
UBS POSTS FOURTH-QUARTER PROFIT BEAT AND ANNOUNCES $3 BILLION BUYBACK UBS reports a fourth-quarter net profit of $770 million, beating the $483 million estimate. The bank’s revenue for the quarter was $11.635 billion, slightly missing analyst expectations of $11.64 billion. UBS launches a share buyback program of
CHINA IMPOSES ADDITIONAL TARIFFS ON U.S. IMPORTS China to impose up to 15% additional tariffs on select U.S. imports starting February 10, 2025. Affected goods include coal, liquified natural gas (LNG), crude oil, farm equipment, and certain cars. 15% tariffs on coal and LNG, and 10% higher duties
USDCAD REACHES 22-YEAR HIGH ON TARIFF NEWS, THEN PULLS BACK USDCAD surged to a 22-year high following the weekend tariff news, reaching 1.4792. The pair corrected lower after stalling at the 50% retracement level of Friday’s move at 1.45808. The 2020 high at 1.4660 is an