WEEK AHEAD: FED, ECB, EARNINGS, AND DEEPSEEK UPSETS US EQUITY MARKETS Central banks (Fed, ECB) take center stage with key decisions. Trump and Colombia clash over tariffs, adding trade tensions. Deepseek causes disruptions in US stock markets. Doubts grow about high valuations of US tech stocks. US equity futures sharply
UK Growth Forecast Lowered: Morgan Stanley reduced the UK's 2025 GDP growth estimate to 0.9% from 1.3%. Reasons for the Cut: Slow economic growth, weak job market, and concerns about stagflation. Inflation and Interest Rates: Rising prices and the Bank of England's slow rate-cutting
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JAPAN ECONOMIC UPDATES: SERVICE PPI AND RATE HIKE MONITORING Japanese Service PPI increased by 2.9% year-on-year in December, below the forecast of 3.2%. Japan Deputy Chief Cabinet Secretary speaks on economic matters. Akazawa, Japan’s Economic Revitalization Minister, states they will closely monitor the impact of rate hikes
Stock futures dropped on Monday morning. Dow Jones futures fell by 182 points (0.41%). S&P 500 futures went down 0.98%. Nasdaq 100 futures dropped 1.96%. Investors are waiting for important earnings reports this week.
GOLD RETREATS AS DOLLAR FIRMS; FEDERAL RESERVE MEETING LOOMS Gold prices dipped on Monday, pressured by a stronger U.S. dollar. Investors are focusing on the Federal Reserve’s first meeting of 2025 for insights on the U.S. interest rate path.
US DOLLAR RISES AMID TRUMP TARIFFS ON COLOMBIA, FX MARKETS IMPACTED US Dollar rises solidly in Asia trade, while equity index futures are lower. Trump imposes tariffs on Colombia after it halts migrant deportation planes. Colombian president retaliates by increasing import tariffs on US goods. USD strengthens, while EUR, AUD,
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WEEK AHEAD: FED, BOC, AND ECB MEET AMID TRUMP TARIFF THREATS Three major central bank decisions awaited: Fed, ECB, and BoC. Fed expected to pause rate changes, while ECB and BoC likely to cut rates further. US GDP and PCE inflation data could dominate market attention. Australian CPI and China
The Canadian dollar did not change much after new economic data was released. Retail sales in Canada stayed the same in December, while experts thought they would go up by 0.2%. Core retail sales (without energy and food) dropped by 0.7%, which was worse than the expected 0.
In 2024, China added 44.17 tons of gold to its reserves. China's total gold reserves are now at a record high of 2,279.57 tons, making it the 6th largest in the world. China produced 377.24 tons of gold in 2024. Gold consumption in China
European natural gas prices have gone down a little but are still high. The Dutch TTF gas price dropped by 1.5% to €48.37 per megawatt hour. Last Thursday, gas prices were over €50 per megawatt hour. Experts from Commerzbank are worried about the high use of gas from
The US manufacturing PMI for January 2025 was 50.1 points, which is higher than expected (49.8 points). In December 2024, the PMI was 49.4 points, meaning it improved in January. This data was released by the S&P Global Statistics Bureau today (Friday). Manufacturing performed better
PBOC SETS USD/CNY REFERENCE RATE AHEAD OF CHINA'S LUNAR NEW YEAR HOLIDAY PBOC sets USD/CNY reference rate at 7.1698, stronger than the estimated 7.2295. China prepares for an extended Lunar New Year holiday, starting January 28 and lasting until February 4. Businesses and government