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US President Donald Trump postponed tariffs on imports from Canada and Mexico, leading to a slight recovery in US stock markets, particularly among car manufacturers. Meanwhile, the euro fluctuated against the dollar, and oil prices fell amid concerns over trade wars and OPEC+ production discussions. The Japanese stock market also rose, benefiting from the tariff suspension.
Market reactions to new tariffs are expected to be more orderly than in 2018, with Chinese equities showing muted positioning compared to previous trade escalations. The U.S. economy may face a 0.8% hit by 2025 if tariffs are prolonged, while Asian currencies, particularly the Korean won and Malaysian ringgit, could be vulnerable to a weakening yuan. The Indian rupee is anticipated to remain more defensive despite potential rate cuts amid a cyclical slowdown.
The announcement of new tariffs has led to a stronger US dollar as investors flock to safe-haven assets amid market uncertainty. While the dollar benefits from reduced imports and potential inflation pressures, long-term risks from trade tensions and possible Fed rate cuts could weaken its position. Emerging market currencies, particularly the Mexican peso and Canadian dollar, are vulnerable, prompting increased trading activity in these pairs.
The FTSE 100, DAX 40, and S&P 500 have all experienced sharp declines following President Trump's imposition of tariffs on key trading partners, including Canada, Mexico, and China. The FTSE 100 fell from a record high of 8693, while the DAX 40 dropped around 2% from its peak of 21,802. The S&P 500 gapped lower, reaching 5940, a level not seen since mid-January, with potential further declines looming if key support levels are breached.
The Swiss stock market closed lower, with the SMI down 0.40% amid global concerns over Donald Trump's new tariffs on key trading partners, which investors fear could harm the economy. While the services sector in Switzerland showed growth, manufacturing faced significant challenges, leading to workforce cuts. Notable stock movements included Julius Bär dropping 12.7% and Lonza rising 2.7%.
The Swiss stock market reduced its losses as midday approached, following a decline triggered by Donald Trump's renewed trade war through tariffs on Canada, Mexico, and China, raising fears of a global economic downturn. In macroeconomic news, China's manufacturing activity slowed, with the PMI dropping to 50.1, while Eurozone inflation rose to 2.5%. In Switzerland, property prices increased by 1.7% in Q4, and the services sector showed strong growth, contrasting with the struggling industrial sector.
Raiffeisen Bank's Russian unit has facilitated transactions for firms supplying materials to Russia's military, generating significant profits despite sanctions. Documents reveal that Unichim, a chemical company, provided acids for military systems, while Raiffeisen processed payments linked to sanctioned entities. The bank faces pressure to exit Russia amid regulatory scrutiny, yet it remains entangled in the war economy, accumulating stranded capital.
Global markets are reacting to new tariffs announced by Trump, effective February 4, imposing a 25% levy on Mexican and most Canadian goods, and a 10% tariff on Chinese imports. Analysts predict these measures could increase inflation and reduce GDP growth, with Canada and Mexico facing severe economic consequences. Retaliatory actions from Canada, Mexico, and China raise concerns of a broader trade war, impacting existing trade agreements and increasing market volatility.
US President Donald Trump has imposed a 25% tariff on imports from Canada and Mexico, effective Tuesday, while increasing tariffs on Chinese goods by ten percentage points. Although Canadian energy resources are exempt, the move has prompted countermeasures from Canada and China. Experts warn that these tariffs could lead to price increases in the US, potentially harming the economy and the president's standing, as many Americans are already facing inflation and reduced purchasing power. The Federal Reserve may need to reconsider interest rate policies if inflation accelerates further.
Tencent Holdings Limited has integrated DeepSeek's R1 model into its cloud services, enhancing its technological capabilities. The company's net sales are primarily derived from mobile application development (54.8%), electronic payment solutions (26.5%), and online advertising services (17.1%), with 93% of sales generated in China.
Chinese Yuan
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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