Wolf Money(world market review 13-18 Jan 2025)
Market Summary 13-18 Jan 2025
*USA*
-US annual inflation rose for 3rd consecutive mth to 2.9% in Dec vs 2.7% in Nov, up 0.4% on monthly basis, the most since Mar
± US annual core consumer price inflation rate eased to 3.2% in Dec vs 3.3% in Nov
+ Fed officials said latest inflation continues to ease as they await Trump’s policies
+ US retail sales rose 0.4% in Dec after an upwardly revised 0.8% gain in Nov
+ US industrial production surged 0.9% in Dec, the strongest increase since Feb, vs market expectations of 0.3%
+ US manufacturing output increased 0.6% in Dec after upwardly revised 0.4% rebound in Nov
-Americans filing new applications for jobless benefits rose 14,000 to 217k
+ US Small Business Optimism Index increased 3.4 pts to 105.1 in Dec, highest level in just over 6 years
+ Trump said he had a good call with Xi, discussed trade, fentanyl and TikTok
+ Trump has promised to issue major executive order on his first day that could affect household finances and the economy
+ Trump plans crypto-friendly orders in first few days in power
-TikTok goes dark in US before federal ban, Supreme Court upholds ban; Trump likely to grant reprieve
-US incoming Treasury Secretary Bassent said there is “no reason” for US to have central bank digital currency
+ US single-family starts up 3.3% in Dec at 10-mth high, building permits for single-family homes rise 1.6%, overall housing starts up 15.8%, the most in near 4 yrs; permits dip 0.7%
+ Goldman Sachs’ Q4 revenue up 23% to US$12.87bn, Citigroup’s Q4 revenue up 12% to US$19.6bn
+ Morgan Stanley hits record US$61.8bn revenue in 2024, net revenue for Q4 up 25% to US$16.2bn
-Boeing delivered 348 airplanes in 2024, a drop of nearly 1/3 from previous year
-US natural gas futures fell over 6% to below US$4/MMBtu, retreating from 2-year high
-US tighten trade rules which allows goods valued at US$800 or below to enter without paying duties or certain taxes; to hit low-cost China shipments
-US latest sanctions targeting Russian oil shipments will impact 10% of global oil tanker fleet: Reuters
-US pressured Greenland rare earths developer not to sell to China: Reuters
-SEC fined Vanguard US$100m to settle charges
-Jamie Dimon: Bitcoin has no intrinsic value and is heavily used for unlawful activities
*CHINA*
+ China’s GDP grew 5.4% in Q4 and 5% in 2024 as exports, stimulus provide year-end boost
+ PBoC injected 2nd largest cash of ¥958.4bn through 7-day reverse repurchase agreements in its daily open market operations
+ China’s industrial production up by 6.2% YoY in Dec, higher than last mth’s figure of 5.4%: NBS
± China’s home prices across 70 major cities fell in Dec by smallest percentage in 18 mths, prices in 4 big biggest metropolises rose
-Vanke faces a US$4.9bn in yuan and dollar-denominated bonds maturing or facing redemption options in 2025, highest annual amount ever
+ China’s private spending grew 6.2% YoY in Dec, higher than median forecast of 5.4%, total for 2024 at 5.8%
+ Chinese banks extended ¥990bn (US$135bn) new yuan loan in Dec, better than forecasts as govt support kicks in: Reuters
+ China’s retail sales up by 3.7% in Dec vs 3% in previous mth, increased by 5.3% on yearly basis
-China announced multifront probes of US firms, target parent company of Calvin Klein, Tommy Hilfiger engaged in “inappropriate conduct” on Xinjiang matters
-China to probe into subsidies for mature semiconductors in US after complaints from Chinese businesses about unfair competitive advantage
-China’s population drops for 3rd year in a row, down by 1.39m in 2024 to 1.4083bn, with modest rise in new births
+ China’s local govts have been raising minimum wages to boost consumption
+ China’s youth jobless rates fell for 4th consecutive mth in Dec
-Shein and Temu are facing new challenges after US and other countries enforced stricter regulations on small package imports
-HK bankruptcy filings in 2024 rose 17% to 9190 cases, hitting 9-year high
+ TSMC’s Q4 net income surged by record 57% to US$11.4bn
+ Macau expects to receive at least 38m tourists in 2025, near pre-pandemic levels, due to easing of cross-border policies
*EUROPE*
+ ECB is no yet done lowering interest rates: board member Elderson
-EU faces up to US$1 trillion loss for cutting Russian gas: Moscow sovereign wealth fund
-Germany’s GDP fell by 0.2% in 2024, following a 0.3% contraction in 2023, first 2-year contraction since early 2000s
+ Germany’s wholesale price edged up 0.1% YoY in Dec, reversing a 0.6% drop in Nov, making first gain since Apr 2023
+ UK GDP returned to growth of 0.1% in Nov for the first time in 3 mths following a 0.1% contraction in both Sept n Oct 2024
-BoE to delay implementation of tougher global bank rules until 2027
-France’s GDP likely stalled in Q4 as boost to activity linked to Paris Olympics faded
-Italy’s public debt rose to historic high, reaching €3.0052 trillion in Nov 2024
+ Italian stocks setting new high since Jan 2008, driven by upbeat corporate earnings, hopes for additional rate cuts
-Russia’s nearly all flows of gas to EU bloc stopped this mth when Kiew terminated its transit deal with Moscow
-Russia bans meat imports from EU due to outbreak of foot-and-mouth disease in Germany
*ASIA*
+ BoJ will debate whether to raise interest ratees next week; signalling its intention to take borrowing cost higher
-Japan’s core consumer inflation likely accelerated in Dec boosted by higher energy costs
+ Japan’s 10-year govt bond yield held steady around 1.25% at near 14-year high
+ Japan’s machine tool orders increased by 11.2% YoY to ¥141,259m in Dec
-South Korea’s jobless rate rose to 3.7% in Dec, highest level in 3 years
+ South Korea, China held the 10th round of negotiations for 2nd phase of FTA in Seoul, first of its kind in 4 yrs
+ Saudi Aramco ramping up investment in lithium production to diversify its economy beyond oil: FT
-Australia’s biggest listed casino operator, Star Entertainment Gp on the brink of collapse as cash runs out
+ Bank Indonesia cuts its benchmark interest rate by 25bps to 5.75%
+ Indonesia plans to offer carbon credit certificates to foreign buyers
+ Malaysia’s economy rose 4.8% in Q4 YoY, GDP increased 5.1% in 2024, within govt’s projection
+ Malaysia to launch 2nd chip design park in coming weeks: Anwar
+ Malaysia plans to strengthen anti-dumping legislation to calm down deluge of cheap goods from countries like China
+ Allicnce Bank’s top shareholder Vertical Theme is considering selling its roughly 29% stake to DBS
+ Anwar launched TNB Eastfield and Bunker Hill solar farms energy venture in UK
+ Sg NODX grew 9% YoY in Dec, beat forecasts, both electronic and non-electronics shipments rose
+ Sg manufacturing outlook ‘slightly better’ in 2025, but mostly for tech-related production: SMF
+ Marina Bay Sands to pay additional US$1bn to STB for revisions to expansion project, additional upfront payment of US$963m in 2019
+ BYD was the best-selling car brand in Singapore in 2024, first time a Chinese EV brand topped the list here
Contribution by Derek@valueinvestments chat group. Thank you
Please consider following us on telegram for the latest update on Lone Wolf investor by clicking on the link below. No form filling, no payment required, no collection of data, no data mining, no hard selling, no obligation.
https://t.me/joinchat/oCgkD3sQFRMzMWM1
Disclaimers
All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.
Comments
Post a Comment