Workassist
Workassist
February 17, 2025 at 02:59 AM
*Global bits* USA: Weak retail sales data reinforced bets on two Fed rate cuts, boosting Treasuries and weighing on the dollar. Japan: Strong GDP growth lifted the yen, while the Nikkei remained steady. South Korea: Stock market edged up 0.2% amid stable investor sentiment. China: Hong Kong stocks surged 7% last week on AI optimism, while Beijing welcomed Spanish investment. European Union: Concerns over potential U.S. tariffs on VAT-based imports weighed on market sentiment. United Kingdom: Markets await key economic data and a speech from BoE Governor Andrew Bailey. Australia & New Zealand: Both central banks are expected to cut rates this week. Canada: Stock index declined as weak U.S. retail sales and mixed earnings prompted profit-taking. India: Resumed trade talks with the U.S. aim to more than double bilateral trade to $500 billion. UAE (Dubai & Abu Dhabi): Dubai index hit a decade-high, while Abu Dhabi extended losses. Brazil: Central bank to roll over $15.6 billion in currency swaps expiring April 1. Russia: Central bank held its key rate at 21%, with Governor Nabiullina addressing the outlook. Argentina: President Javier Milei faces potential impeachment over a crashed cryptocurrency. Turkey: Central bank remains ready to act against risks in its ongoing rate-cutting cycle. Saudi Arabia: Hosting Russia-Ukraine peace talks, though participant details remain unclear. Global: Gold remains near record highs, oil prices fall on Russia-Ukraine peace deal hopes. Source: Reuters
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