Daily Report | 19 January 2025
US Indices fell slightly on Tuesday, with the S&P 500 struggling to reach the all-time high set a month ago, as traders weigh headwinds on the global trade and inflation fronts.
US Indices fell slightly on Tuesday, with the S&P 500 struggling to reach the all-time high set a month ago, as traders weigh headwinds on the global trade and inflation fronts.
The US market was closed due to the President’s Day holiday (Washington), but it did not dampen market participants’ interest in other regional markets, as well as highlights around important world sentiments.
The US stock market was closed due to the President’s Day holiday (Washington), but it did not dampen market participants’ interest in other regional markets, as well as highlights around important world sentiments.
Miliarder Elon Musk mengatakan pada Hari Kamis kemarin bahwa banyak lembaga pemerintah federal harus dihilangkan sebagai bagian dari dorongan Presiden Donald Trump untuk merombak pemerintah AS secara radikal.
The U.S. Commerce Department said RETAIL SALES fell 0.9% last month, the biggest drop since March 2023, after an upwardly revised 0.7% gain in December, and well below an estimate of a 0.1% decline from economists polled by Reuters, indicating rising prices and tariff uncertainty may be causing consumers to tighten spending.
Global stock indices hit records on Friday (14/02/25) while US Treasury yields fell as the emergence of some weak US data and the latest tariff announcement raised hopes that the Federal Reserve may potentially be more aggressive in cutting interest rates. On Wall Street, the S&P 500 ended flat, with the Technology sector rising while the Consumer staples sector was the worst performer.
Market participants are betting on just one 25 basis point rate cut by the Fed later this year after the release of US inflation data, down from about 36 basis points of easing expected in 2025.
The S&P 500 fell on Wednesday (12/02/25) after data showing an unexpected rise in inflation further narrowed the path for a Federal Reserve interest rate cut. Republicans in the U.S. House of Representatives unveiled a fiscal plan that would cut taxes by about $4.5 trillion over a decade and raise the federal debt ceiling by $4 trillion.
Powell told the Senate Banking Committee on Tuesday on Capitol Hill that the central bank is comfortable enough with its current, much looser-than-previous policy stance, amid a strong U.S. economy, that it sees no need to rush to cut interest rates.