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JPMorgan Private Bank forecasts that developed markets will outperform emerging market equities in 2025, despite strong economic growth in regions like India, Taiwan, Indonesia, and Mexico, which are expected to yield solid returns. The bank notes that while emerging economies have averaged a nominal GDP growth of 4.3% since 2009, many domestic companies, particularly in China, have struggled with stagnant profits. Key investment factors include a robust private sector, higher EPS returns, and strong export industries, with India leading in earnings growth at 296% from 2009 to 2024.
The Bank of Korea has cut its benchmark interest rate by a quarter percentage point to 3% to support a slowing economy, revising its growth forecasts down to 2.2% for 2024 and 1.9% for 2025. This marks the second consecutive month of rate cuts amid high inflation and rising household debt, as global economic uncertainties persist. The bank's actions follow a previous cut in October, the first since May 2020, as concerns grow over the impact of new U.S. tariffs and geopolitical tensions.
The peso strengthened by 1% to 20.40 against the dollar after President-elect Donald Trump reported a productive conversation with Mexico’s president, Claudia Sheinbaum. This improvement came as Mexico agreed to curb migration and drug inflow into the U.S., reversing earlier losses for the currency.
President-elect Donald Trump's proposed tariffs on imports from China, Mexico, and Canada could disrupt inflation and investment, potentially reversing progress made by the Federal Reserve. Economists predict an 8% increase in import prices, pushing headline PCE above 3%, while also widening the trade deficit as companies may front-load imports in anticipation of the tariffs.
President-elect Donald Trump's proposed 25% tariffs on Canadian and Mexican imports could significantly impact U.S. refiners, consumers, and Canadian producers, potentially leading to higher fuel prices and revenue losses. Experts express skepticism about the implementation of these tariffs, citing inflation concerns and the need to maintain energy costs ahead of the midterm elections. Canadian officials are urging immediate resolution of border issues to prevent unnecessary tariffs on exports.
Trading is expected to start sluggishly, influenced by Donald Trump's tariff announcements on Mexico, Canada, and China, which have dampened market sentiment. Major industrial stocks like Schindler and UBS faced losses, while car manufacturers like Ford and GM also struggled due to potential impacts from the tariffs. Despite these challenges, the US stock market showed unexpected strength, buoyed by a ceasefire between Israel and Hezbollah.
U.S. markets are responding positively to President-elect Donald Trump's policies, with the S&P 500 and Dow Jones hitting record highs despite his tariff threats. The Federal Reserve plans to gradually lower interest rates if inflation stabilizes at 2% and employment remains strong. Meanwhile, Softbank invests $1.5 billion in OpenAI, reflecting ongoing interest in tech advancements.
Trump's recent trade threats have prompted Mexico to deploy 6,000 troops to its southern border and revive the "remain in Mexico" policy. Canada, seeking to mitigate tensions, has engaged in talks emphasizing the economic risks of disrupted relations, while Prime Minister Trudeau hinted at a potential separate trade deal with the U.S. Economists warn that universal tariffs could lead to increased domestic prices and economic stagnation, although Trump's economic advisers suggest a more measured approach to tariffs, viewing them as tools for negotiation rather than immediate action.
Trump has appointed Greer, a former chief of staff to trade representative Lighthizer, as his trade chief, signaling a push for aggressive trade policies against China. Greer advocates for strict enforcement of existing trade agreements and new deals with countries like the U.K. and India, while downplaying inflation risks from tariffs. He emphasizes the need for long-term strategic competition with China, despite potential short-term costs for businesses.
Auto insurance costs are expected to rise further due to new tariffs proposed by President-elect Donald Trump. Approximately 60% of car replacement parts in the U.S. are imported, primarily from Mexico, China, and Canada. Increased tariffs will elevate parts costs, which constitute about 40% of average repair bills, leading insurers to raise rates.
Mexican Peso
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
developed markets to lead in 2025 while emerging economies show promise
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