Wolf Money(world market review 17-23 Feb 2025)
Market Summary 17-23 Feb 2025
*USA*
-US year-ahead inflation expectations reached over 1-year high of 4.3% in Feb, vs 3.3% in Jan
-US consumer sentiment dropped more than expected in Feb to 64.7 from Jan’s revised 71.7, lowest since Nov 2023
-US Philadelphia Federal Reserve’s monthly manufacturing index tumbled by 26.2 pts, the most in nearly 5 yrs, to 18.1 in Feb
+ US Manufacturing PMI rose to 51.6 in Feb from 52.1 in Jan, highest reading in 8 mths
-US Composite PMI dropped to 5.04 in Feb from 52.7 in Jan, marked the slowest pace of business expansion in 17 mths
-US services PMI fell to 49.7 in Feb from 52.9 in Jan, the first contraction in services sector in over 2 yrs
-US existing home sales sank by 4.9% to seasonally adjusted annualised rate of 4.08m in Jan, sharpest decline in 7 mths
-US housing starts plunged 9.8% in Jan MoM to 1,366,000
± US Treasury sold US$9bn 30-year inflation-linked bonds at 2.403%
± US Treasury to auction US$183bn US govt bonds across 3 auctions next wk
+ Trump said he personally plans to travel to Fort Knox military base to find out whether all the nation’s gold reserves are still there
+ Trump urges immediate action to balance US budget; the deficit for current fiscal year stands at US$711bn
+ Trump said it was possible to ink a new trade deal with China
-Trump signed a memorandum to restrict Chinese investments in strategic areas
-US proposed fees on the use of China’s commercial ships that could help counter the country’s maritime dominance
+ Trump signed an executive order establishing a national Energy Dominance Council to boost US fossil fuel production
-Trump suggests 25% tariffs on autos, pharma and semiconductors
+ Trump says he is weighting giving 20% of DOGE savings to Americans
+ US launched a review of US$128bn California’s HSR project
+ US natural gas futures rose more than 13% to US$4.3/MMBtu, hitting 25-mth high
+ Berkshire Hathaway posted its 3rd straight record annual operating profit on insurance, investments, rose 27% to US$47.44bn
-Uber CEO says Musk wants to go alone on Tesla Robotaxi rollout
+ Apple will build plants in US, not Mexico: Trump
+ Tesla has started hiring in senior staff in India, signalling progress in plans to enter the market
+ SpaceX to send Grok and robots to Mars next year: Musk
*SOUTH AMERICA / OTHERS*
+ Brazil to join OPEC+
-Uranium futures extended decline to below 65 per pound in Feb, the lowest in 17 mths
+ Iron Ore prices at ¥840per tonne in Feb, highest in 7 mths
*CHINA*
-China cuts holdings of US Treasury bonds to US$759bn in Dec, marked a 9th mth of declines
+ Chinese Vice Premier Holds video talks with US treasury secretary Bessent at the latter’s request
+ China’s central bank holds its key interest rates unchanged in Feb
+ China’s central bank to take effective measures to ramp up real estate market by fine-tunning financial policy in 2025
+ China is moving to create a group of world-class investment banks through a round of industry consolidation: analysts
+ China home prices in first-tier cities continue to rise in Jan on monthly basis, BJ, SH, GZ and SZ each rose by 0.1%
+ PBoC vowed to provide strong financial support for healthy development of private economy and growth of private enterprises
+ PBoC will further smooth the channels for stock, bond and loan financing for private enterprises
+ Chinese officials are mapping out plans for tapping nation’s huge customer base
+ China’s market regulators issued an action plan to optimise consumption environment from 2025 to 2027
+ China unveiled new action plan with 20 specific measures in 4 aspects to stabilise foreign investment
-Shenzhen likely to have seen a drop in its fiscal revenue last yr for the first time since 1990
+ Shenzhen Metro offers Vanke US$578m lifeline to repay debts
+ China’s car sales up 0.8% to 2.13m in Jan
+ Xi held rare meeting with some of biggest business leaders mostly from China’s technology sector
+ GZ launched its first self-driving services linking downtown with train station, airport
+ DeepSeek plans to release key code and data to public next wk
+ CATL to deepen battery R&D cooperation with Volkswagen
-China might delay giving Tesla the license for self-driving technology: FT
+ Alibaba’s revenue up 8% to US$38.4bn for 3rd qtr of fiscal 2025
-Baidu’s total revenue hit ¥34.1bn in Q4, down 2%
+ HK stocks achieved 3-year high thanks to tech sector gains
+ Foxconn reportedly eyes partnership with Honda, which would establish collaborative framework involving 4 companies including Nissan, Mitsubishi Motors
*EUROPE*
+ ECB could cut its deposit rate down to 2% by this summer: Villeroy
-ECB sees €28bn hit from Trump’s steel and aluminium tariffs
+ Eurozone manufacturing PMI increased to 47.3 in Feb vs 45.6 in Jan, highest in 9 mths
+ Eurozone Composite PMI at 50.2 in Feb, expands for 2nd mths
+ Eurozone’s good trade surplus recorded €176.9bn in 2024, up from €57.4bn in 2023
+ EU digital chief will propose at least 5 packages this year to ease regulation
+ EU approved €920m in German aid for Infineon for its new semiconductor
+ Germany Composite PMI increased to 51 in Feb from 50.5 in Jan
-Mercedes-Benz revenue fell 4% to €145.6bn in 2024
-UK manufacturing PMI fell to 46.4 in Feb from 48.3 in Jan, sharpest contraction in 14 mths
-France Composite PMI fell to 44.5 in Feb, lowest in over a year, vs Jan’s 47.6
-France Services PMI dropped to 44.5 in Feb from 48.2 in Jan, steepest contraction since Sept 2023
+ Putin proposed that Gazprombank establish cooperation with Elon Musk
-Ukraine opposed US demands for a US$500bn fund be part of a deal to give a cut of mineral wealth: Bloomberg
*ASIA*
-Japan’s annual inflation rises from 3.6% to 4% in Jan
-Japan’s core inflation hits 19-mth high at 3.2% in Jan, keeping alive BoJ rate-hike bets
-Japan posted ¥2.76 trillion trade deficit in Jan
+ Japan drawn up plans for Tesla to invest in Nissan after collapse of its merger talks with Honda
-India likely to raise import taxes on vegetable oils for the 2nd time in <6 mths to support local farmers: Reuters
+ Australia’s central bank cuts key interest rates by 25 bps
+ Indonesia planning a large issuance of bonds to fund Prabowo’s public housing programme
+ Vietnam approved railway project to link to China worth US$8.37bn
+ Malaysia int’l reserves hit US$117.7bn in mid Feb
+ Johor Singapore-SEZ Action Plan expected to be completed in 3rd qtr
+ Sg PM unveiled a S$143bn budget for 2025, described it as a “Budget for all Singaporeans”
+ MAS to launch S$5bn programme to develop Sg stock market; to partner with fund managers focused on local stocks
+ MAS review group to study Catalist board, expand investor protection in next set of measures
+ Sg budget could boost spending and corporate lending, attract investments in green energy and AI that could underpin local stock market: analysts
+ Trust Bank has reached 1m customers, meeting its target of becoming 4th largest bank in Sg by customer numbers
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