Wolf Money(world market review 10-16 Feb 2025)
Market Summary 10-16 Feb 2025
*USA*
-US Jan CPI rose by 0.5%, core CPI rose by 0.4% MoM, bringing headline CPI to 3% n core CPI to 3.3% YoY
-Powell indicated there’s no imminent end to balance sheet wind down process, no signs yet that market liquidity has shrunk enough to affect the Fed’s reduction in holdings of Treasury n mortgage bonds
-US retail sales posted largest drop in nearly 2 years in Jan, contracted 0.9% MoM vs forecasts of 0.1% drop
+ US producer prices up 0.4% MoM in Jan, above forecasts of 0.3% led by food and energy prices, core producer prices up by 0.3%
+ US industrial production increased by 0.5% in Jan vs market expectations of 0.3%
-US manufacturing production fell 0.1% in Jan weighed down by sharp decline in motor vehicle output
-US business inventories fell by 0.2% MoM in Dec vs 0.1% increase in Nov, first drop in 9 mths
-US is looking beyond tariffs and non-tariff barriers to examine currency manipulation: Treasury chief
+ US jobless claims fell by 7000 from previous wk to 213,000, below expectations of 215,000,
± US import prices rose by 0.3% MoM in Jan, highest in 9 mths, export prices rose by 1.3%, the most since May 2022
-US posted US$129bn budget deficit for Jan, vs US$22bn deficit in Jan 2024
-US household debt increased by US$94bn in Q4 to record high of US$18.04bn, aggregate delinquency rates up 0.1% to 3.6%
-Trump tasked his economics team with devising plans for reciprocal tariffs on every country that taxes US imports
+ US Treasury successfully auctioned US$25bn in 30-year bonds at 4.748% yield
± US mass firings at multiple govt agencies have begun as Trump and Musk purge US govt
+ Trump said he would ‘love’ to have Russia back in G8
-Trump is prepared to intensify sanctions on Russia in order to push for an end the Ukraine war
-US federal judge blocked Trump from cutting billions in medical research funding
-Trump expressed his desire to close the Dept of Education immediately, called the Dept a ‘con job’
+ US seeks to own 50% of Ukraine’s rare earth minerals in deal
± Berkshire Hathaway cuts stakes in BoA n Citigroup in Q4 2024, slashed nearly ¾ of its position in Citi
+ Apple is seeking to open a final assembly unit for iPhones in Indonesia to avoid ban on sales of iPhone
+ Telsa’s Shanghai megapack battery plant enters production phase
-OpenAi rejected a US$97.4bn bid from a consortium led by Elon Musk for ChatGPT, saying the startup is not for sale
+ Coinbase’s Q4 revenue reached US$12.3bn, jumping 138% YoY
-McDonald’s results missed the mark to end 2024; revenue for Q4 down 0.28% YoY to US$6.39bn vs expectations of US$6.45bn
*SOUTH AMERICA*
+ Argentina inflation rose by 2.2% MoM in Jan, the lowest reading since Jul 2020
*CHINA*
+ China’s central bank said would adjust monetary policy at appropriate time to support the economy, amid rising external headwinds
+ China’s new bank loans surged to record high in Jan to ¥5.13 trillion, more than quadrupling Dec figure
+ China’s outstanding property loans at end 2024 stood at ¥52.8 trillion, down 0.2% at end Q4, vs prior year’s 1% decline
+ China’s insurers may soon be able to expand their overseas investment as quota for QDII program likely to be raised
+ China’s current account surged to record high of US$180.7bn in final qtr of 2024
+ Chinese researchers developed a unique method that could help used lithium-ion batters regain near factory-fresh capacity
+ China published roadmap to introduce market-based pricing for its fast-growing supplies of wind and solar power
-China number of couples tying the knot tumbling to the lowest level in 46 yrs, just 6.1m new marriage registered in 2024, down 20.5% YoY
+ Chinese Premier stressed the importance of stepping up the development of winter sports and related industries
+ Chinese AI companies are significantly expanding its hiring as sector expands rapidly
+ Alibaba’s shares soared by >6% on Friday after reports Jack Ma will meet president Xi
+ Tencent said it is testing the integration of DeepSeek's service on Weixin
+ Alibaba is cooperating with Apple to support its mobile services
+ TikTok returned to Apple, Google app stores in US
-Shein’s London IPO to be delayed to H2 after US ‘de minimis’ repeal
+ HK to receive more IPO applications from Chinese mainland companies in 2025
*EUROPE*
+ Eurozone GPD growth revised higher in Q4 of 2024, grew by 0.1%, annual growth rate confirmed at 0.9%
-Eurozone industrial production fell by 1.1% MoM in Dec vs market expectations of 0.6% decline
+ EU pledges €200bn for new AI investment initiative
-EU natural gas prices climbed to their highest level in 2 years
-Germany sees no noticeable economic recovery since beginning of the year: ministry
+ Germany’s wholesale prices rose by 0.9% YoY in Jan, fastest since Apr 2023
+ Commerzbank to cut 3900 full-time jobs by 2028, mainly in Germany; Q4 revenues up 22.7% to €2.9bn
-Porsche to layoff 1900 employees in Germany
+ UK Q4 GDP grew by 1.4% YoY, fastest growth in 2 yrs, driven by increased household consumption n govt spending
-France can no longer afford to put off belt-tightening efforts as debt payments snowball ever higher in coming yrs: public auditor
+ Russia-US to meet in Saudi Arabia over Ukraine war
+ Russia to be ‘reintegrated’ into world economy if war in Ukraine ends: Viktor Orban
-Russia held its key interest rate unchanged at record high of 21%
+ Russia’s wheat exports surged to record high at the start of 2024-2025 agricultural season
*ASIA*
-Japan inflation likely hit 17-mth high in Jan on rising food prices n reduced energy subsidy: Reuters poll
+ Japan’s 10-year govt bond yield rose above 1.35%, hovering near 15-year high
+ Japanese companies surveyed in China said they plan to increase or maintain their investment: chamber survey
+ India-US agreed to resolve trade and tariff row after Trump-Modi talks
+ Modi agreed to make US top supplier of oil, replacing Russia, US to sell F-35 to India
-India plans to impose temporary tariffs against imports of Chinese steel
+ India total passenger vehicle sales grew 3.5% YoY to 351,310 units in Jan vs 11.4% jump in previous mth
+ South Korea’s import prices up by 6.6% YoY in Jan for 3rd consecutive mth, export prices up by 8.5% YoY, rise for 13th straight mth
+ UAE to partner with Elon Musk for Dubai Loop project
-Australia will ban foreign investors from buying established houses next 2 yrs to tackle surging home prices
*ASEAN*
+ Indonesia residential property prices up by 1.39% YoY in Q4, house price growth hits 3-year low
+ Malaysia’s economy grew 5.1% in 2024, exceeding govt’s target of 4%-5%
+ Malayia’s FDI inflows increased to MYR18.38bn in Q4 from MYR14.52bn in Q3, largest amount in a year
+ Malaysia’s current account surplus surged to MYR11.42bn in Q4, largest value in 3 qtrs
+ Sunway, MRT Corp inked RM2.6bn Johor Bukit Chagar hub deal, include shopping mall, medical facility, high-rise residences, education and commercial spaces
+ Sg GDP grew 4.4% in 2024 boosted by trade and manufacturing sectors; expanded 5% YoY in Q4
+ Sg NODX grew 0.2% for whole 2024, reversing from 13.1% contraction in previous yr, due to higher shipments of electronic pdts
+ Sg current account surplus widened to S$28.81bn in Q4 from S$25.90bn same period of 2023
+ Sg life insurance industry recorded nearly S$1.6bn in weighted new business premium for Q4, up by 11.1% YoY
+ Sg committed to reduce its greenhouse gas emissions to between 45m and 50m tonnes (Mt) by 2035, down from 60Mt in 2030
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