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Subscribe to the WHITE HOUSE WATCH NEWSLETTER for essential insights into the implications of Trump's second term for Washington, business, and global affairs. Stay informed on US tariffs and executive orders as the president escalates trade tensions. Keep up with the latest in US politics and policy through trusted coverage.
Yen bulls are considering positions as the USD/JPY experiences a decline driven by long positions in the yen, contrasting last year's short covering. Analysts suggest a potential correction to 152.50 this week, but caution against chasing higher rates due to upcoming US tariffs and a possible Bank of Japan rate hike in May that could strengthen the yen.
Bank of America has shown strong growth, adding 213,000 net new consumer checking accounts last quarter, marking six consecutive years of growth. Despite challenges from rising interest rates, its net interest income is recovering, and the stock has surged over 50% in 2023. Meanwhile, American Express continues to expand its portfolio, focusing on affluent consumers, with interest income rising 18% last year, contributing to steady earnings growth.
Global energy demand surged by 2.2% in 2024, driven by rising electricity consumption, particularly in emerging economies. Renewables led the growth, accounting for 38% of the energy supply increase, while oil demand growth slowed to 0.8%, marking a historic drop in its share of total energy demand below 30%. Despite a rise in CO2 emissions, the adoption of clean technologies has significantly mitigated potential increases.
Thomas Burri has been appointed as the Head of Private Wealth Management at ODDO BHF (Schweiz) AG, bringing over 20 years of experience from UBS and Credit Suisse. His expertise will support the firm's ambition to expand its PWM business in Switzerland, alongside Asset Management and Investment Banking.
Asian shares showed mixed results, with Chinese markets declining after a rally on Wall Street driven by tariff hopes. The Nikkei 225 rose 0.3%, while Hong Kong's Hang Seng fell 2.2%. U.S. futures dipped slightly, and oil prices remained stable as investors await key economic updates this week.
Tough regulations in the UAE and reduced volatility in the Pakistan Rupee have impacted hawala money flows. The gap between the official and parallel market rates for the PKR has narrowed from 9% to around 1.5%, with the current rate at 281.08 to the dollar, down from 315 in August 2023.
VP Bank remains optimistic about U.S. stocks, maintaining an overweight position despite upcoming tariffs set to take effect on April 2. Thomas Rupf, co-head for Singapore and Asia CIO, indicates that the firm does not anticipate a recession in the near term.
Morgan Stanley's CIO Mike Wilson predicts a near-term rally for U.S. stocks, particularly the "Magnificent Seven" (Apple, Nvidia, Meta, Amazon, Alphabet, Microsoft, and Tesla), which are stabilizing after recent declines. He anticipates the S&P 500 could reach 5,900, driven by lower rates and improving earnings revisions, but warns of potential volatility and new lows later in the year. Wilson's year-end target for the S&P 500 is 6,500, suggesting a nearly 13% gain from current levels.
President Trump is set to implement targeted reciprocal tariffs on April 2, a move expected to escalate U.S. tariffs while straining relations with allies. Although the approach will be more focused than previously indicated, officials suggest that only a few countries will face these tariffs, contrary to market expectations of widespread increases. Trump emphasized the need for the U.S. to reclaim respect and financial fairness in international trade.
Apple Inc.
Companies
| Symbol | AAPL |
| Name | Apple Inc. |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Technology Hardware & Equipment |
| Industry | Electronic Equipment, Instruments & Components |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | Cupertino |
| Zipcode | 95014 |
| Website | http://www.apple.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Trump's Second Term Implications for Trade and US Politics
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yen bulls consider positions as usd jpy faces potential correction
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