January 24, 2025
United States:
Dollar Slides as Trump Softens China Tariff Stance
The dollar dropped to a one-month low after President Donald Trump appeared to soften his approach toward tariffs on China. Stock futures fluctuated after the S&P 500 scaled a fresh peak.
The president said in an interview with Fox News that he would “rather not” use tariffs against the world’s second-largest economy.
Europe:
Euro Zone’s Private Sector Unexpectedly Returns to Growth
The euro area’s private sector grew in January after two months of contraction, surprising analysts as the embattled manufacturing sector showed small signs of improvement.
S&P Global’s Composite Purchasing Managers’ Index rose to a five-month high of 50.2 from 49.6 the previous month, edging back above the 50 level that separates expanding from shrinking output.
Asia:
BOJ’s Clear Guidance on Rate Hike Calms Markets But May Backfire
Bank of Japan Governor Kazuo Ueda raised interest rates to the highest level since 2008, avoiding market turmoil by carefully signaling his plans to investors. But that strategy carries its own risks.
Ueda and his board hiked the overnight policy rate to 0.5% on Friday in a move that was almost entirely priced in by traders.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.