Workassist
Workassist
February 20, 2025 at 03:26 AM
*Global bits* *China* – Held lending rates steady to balance currency stability and banking margins amid U.S. trade tensions. *United States* – Trump’s tariffs and tax cut plans create market uncertainty, while the Fed remains cautious on policy shifts. *Hong Kong & South Korea* – Outperformed U.S. equities in 2025, driven by strong tech sector gains. *Australia* – Rising unemployment and inflation risks from Trump’s tariffs challenge economic stability. *Canada* – Inflation edged up to 1.9%, while energy and mining stocks provided market support. *New Zealand* – Stable inflation but external global risks remain a concern for economic outlook. *Argentina & Turkey* – J.P. Morgan sees 20%+ stock returns fueled by policy-driven inflation control. *Gulf Markets* – Investors remain cautious amid U.S. tariff threats affecting key industries. *Brazil* – Banco do Brasil forecasts 8% profit growth in 2025 with stable earnings. *Eurozone* – ECB remains divided on inflation risks and economic policy direction. *UK* – Inflation jumped to 3%, challenging the Bank of England’s expectations of easing price pressures. *South Africa* – Rand weakened after budget delays due to coalition government disagreements. *Indonesia* – Plans to import 100,000 metric tons of buffalo meat from Pakistan to stabilize food supply. Source: Reuters
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