๐ Morning Update (07.02.2025)
๐ Asian Markets:
Shanghai Composite ๐ +0.8%, CSI 300 +1% on AI optimism after DeepSeek's breakthrough.
Hang Seng Tech surged 3%, entering bull market ๐.
Xiaomi +6% (record high) ๐, Lenovo +7.5%.
Most other Asian indices fell: Nikkei -0.5%, JCI -1.7%, SET -1.9% ๐.
BYD shares near record highs ahead of autonomous vehicle strategy ๐ผ.
๐บ๐ธ US Markets:
US1000 +0.23%, US500 +0.17%, US2000 -0.17%.
Jobless claims came in at 219K (vs 214K forecast), signalling potential labour market softening โ ๏ธ.
US futures flat as investors await nonfarm payrolls data ๐.
๐ช๐บ European Indices:
Optimism over a potential Ukraine peace treaty lifts markets:
ATX ๐ +3.3%, WIG20 +2.7%.
DAX extends ATH ๐ฅ +1.47%, CAC40 & FTSE 100 also rally.
๐ฆ Rate Cuts:
BoE cuts rates by 25bps to 4.5%, revises UK growth to 0.75% ๐.
RBI also cuts rates to 6.25%, keeping CRR at 4%.
๐ Ralph Lauren Soars:
Stock hits $289.33 (๐ผ +13%), driven by 11% sales growth and a strong holiday season.
โ๏ธ Commodities:
Gold ๐ -0.55% ($2,851), Palladium -1.54%.
Nickel jumped 2.22%, Zinc +1.22%.
Wheat at 3-month highs amid severe drought in 45 US states ๐พ.
๐ด FX & Crypto:
JPY strengthens most in G10 ๐ (EURJPY: -0.8%, USDJPY: -0.7%).
Bitcoin stable (-0.03%) โฟ, while Chainlink (-2.6%), Ethereum (-2.2%), and Ripple (-2.85%) decline.
๐ข๏ธ Trump Media Expansion:
Plans 6 new investment products, including bitcoin & energy ETFs ๐ผ.
Partners with Charles Schwab for Truth.Fi, with $250M investment approved.
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