In the weeks after the re-election of Donald Trump, the bosses of America’s tech giants worked hard to ingratiate themselves withthe returning president, congratulating him publicly and dutifullyturning up to his inauguration. Mark Zuckerberg, the bossof Meta, gushed that it was nice to have an administration that was “proud” of America’s tech champions.
Global Economic
Explainer: Why Donald Trump has slapped up to 245% tariff on China
Donald Trump has placed high tariffs on Chinese goods. This is in response to China’s control over minerals. These minerals are important for many industries. The US relies on China for these resources. Trump’s move aims to protect US security. China says it will take action. The US is working to build its own mineral industry.
What’s DeepSeek, China’s AI startup sending shockwaves through global tech?
DeepSeek, a little-known Chinese startup, has sent shockwaves through the global tech sector with the release of an artificial intelligence (AI) model whose capabilities rival the creations of Google and OpenAI.
Eurozone Preliminary HICP inflation edges higher to 2.4% YoY in December, as expected
The Eurozone Harmonized Index of Consumer Prices (HICP) rose 2.4% year-over-year (YoY) in December after reporting a 2.2% increase in November, the official data released by Eurostat showed Monday. The reading aligned with the estimated 2.4% print for the reported period.
Gold Investors Await Fed Policy Announcements
Gold Investors And Fed Policy: The US economic calendar will feature Retail Sales data for August on Tuesday. Investors expect a monthly increase of 0.2% following the 1% growth recorded in July. A negative print could make it difficult for the USD to find demand and help Yellow Metal edge higher. Nevertheless, the market reaction is likely to remain short-lived, with investors refraining from taking large positions ahead of the Fed’s monetary policy announcements on Wednesday.
जेफरीज ने भारत में अच्छी ग्रोथ की जताई उम्मीद, कैपेक्स साइकिल बेहतर होने का मिलेगा फायदा
जेफरीज (Jefferies) के मुताबिक भारत पिछले दो सालों में सबसे तेजी से बढ़ती अर्थव्यवस्था (Economy) बन गया है. उसने कहा कि इसके पीछे मुख्य वजह कैपेक्स साइकिल का बेहतर होना, बेहतर कैपिटलाइज्ड बैंकिंग सिस्टम, मजबूत क्रेडिट ग्रोथ, हाउसिंग सेक्टर की अच्छी ग्रोथ, मजबूत घरेलू खपत और सर्विस सेक्टर का बढ़ता एक्सपोर्ट है.
चीन ने अपने बीमार बाजारों को सहारा देने के लिए नए उपायों की घोषणा की
एशियाई शेयरों में सोमवार को तेजी आई क्योंकि चीन ने अपने बीमार बाजारों को सहारा देने के लिए नए उपायों की घोषणा की, हालांकि अमेरिकी नौकरियों और मुद्रास्फीति पर रीडिंग से पहले मूड अभी भी सतर्क था जो यह तय कर सकता है कि ब्याज दरों में फिर से वृद्धि होगी या नहीं।
China’s economy may continue to douse the inflation fire
Global Economic Update, 10 August 2023: Last year, China attempted to re-open its economy after years of pandemic restrictions, and many investors became worried that the attempt would add fuel to the global inflation fire.
US Jobs Report Likely to Inform Inflation Narrative – GoldSilverReports
- US jobs report likely to inform inflation narrative, US Dollar and Gold price.
- If the labor market is strong, the Federal Reserve could plough ahead with larger rate hikes.
- Gold price could continue south if a strong result solidifies expectations of a 0.5% rate hike in March.
Gold price has been in a downward spiral since the start of February, and with the next major release for the commodity likely to be the US Bureau of Labor Statistics US jobs report for February, scheduled for release on Friday, March 10, traders may be wondering whether this will continue.
US inflation expectations probe greenback bulls
As markets await Federal Reserve (Fed) Chairman Jerome Powell’s reaction to the recently hawkish US data, sluggish inflation expectations seem to challenge the US Dollar Index (DXY) bulls during early Monday in Asia, following a two-day rebound from the multi-month low.