US President Trump made a speech at the Video Conference on January 23, 2025 at the Davos World Economic Forum Annual Conference.
Fabris Corfini | Agence France -Presse | Getty Picture Club
This report comes from today’s CNBC Open, which is our international market communication. The CNBC Daily Open allows investors to understand everything they need to understand no matter where they are. Do you like what you see? You can subscribe to hereEssence
What do you need to know today
Japan Bank of Japan raises interest rates
Bank of Japan on Friday Raising interest rates 25 basis points to 0.5%It is the highest level since 2008. Yen As of 1:30 pm Singapore time, the exchange rate against the US dollar rose to 155.3. Earlier on Friday, Tokyo released a copy Report This indicates The country’s core inflation rate rose to 3%, a new high since 16 months Calculated in December, consistent with the expectations of Reuters survey.
The closing price of the S & P sets a record high
this S & P 500 Index The closing innovation on Thursday Because investors like to cut interest rates from Trump. All major benchmark indexes in the United States have risen for four consecutive days. Positive Wall Street Emotion Promoting the Asian market on FridayEssence Hong Kong Hang Seng Index The increase of more than 2%, but Japan Nikkei 225 Index After raising interest rates, it fell slightly.
Trump Speech
U.S. President Trump Speech World Economic Forum It was held in Davos, Switzerland almost Thursday. Trump said in his speech that he will “”Require interest rates to drop immediately “” Ask Saudi Arabia and OPEC “Reduce oil cost“, Also said The trade relationship between the European Union and the United States Very unfair.
Trump said he “very” likes Xi Jinping
Trump said on Thursday, he “I really like Chinese President Xi Jinping”According to the Davos virtual interviews read by the White House, he put forward the idea of cooperating with Xi Jinping to end the Ukrainian war. accelerate Plan to relocate manufacturing or purchasingThe highest proportion since 2022.
The cryptocurrency command signed by Trump
After Trump signed an agreement, cryptocurrency advocate was promoted again. Administrative order to promote the progress of cryptocurrencies In the United States, most of the commands focus on establishing technology and rules around cryptocurrencies. The key step is to set up a working group to consider the country’s digital asset inventory.
Boeing expects huge losses
Boeing Said on Thursday, it is likely The fourth quarter of loss is about $ 4 billionOr lose $ 5.46 per share. The income may be $ 15.2 billion, which is lower than the expectations of LSEG. Boeing has not announced the New Year profits since 2018. Air accident To Serious labor strike and Lay offEssence
(PRO) Finke opposes European pessimism
The CEO of Bellaide Larry Finck said that people on the Davos Forum held a serious “pessimistic emotion” for the future of Europe. However, Finke said to CNBC on Thursday that the situation may be “close to the bottom” and explained Why does he hold this viewEssence
Bottom line
The market should be based on digits: past performance, profit forecast, and stock return rate. But as Trump’s virtual speech on the World Economic Forum on Thursday, words also have strong power in pushing the market.
Price American crude oil And the global benchmark Brent Trump said he would “ask Saudi Arabia and OPEC to reduce oil costs.”
After Trump said that after he would “get interest rates immediately”, the two -year public debt yields that often tracked short -term interest rates fell slightly, while the stock market rose.
In fact, S & P 500 Index Rap 0.53%, closing at the record high point of 6,118.71 points. The previous historical closing high was 6,090.27 points in early December. this Dow Jones Industry Average Index Rise 0.92% Nasdaq indexE rose 0.22%. This is the fourth consecutive trading day of all three indexes.
But unlike numbers, the number is real (in any case, most of the time), the text may be repeated.
“Trump’s speech in Davos contains some positive remarks on the surface (he calls on OPEC to reduce oil prices, ask the central bank to reduce interest rates, and reiterate the reduction of taxes and supervision previously promised) Within the range, “Adam Vital Knowledge founder Crisafulli said in a report.
This does not mean that Trump will not fulfill his statement. However, it is unwise to rely on comments without specific actions.
On the other hand, there are policy components behind some remarks, and investors should take it seriously.
The Fed will hold a meeting next week. Although the possibility of cutting interest rates at that time is close to zero, according to Zhishang Institute’s Federal Federation Observation ToolMain Street Research chief investment chief James Demmert said that chairman Jerome Powell said at the press conference that “may lead to market fluctuations.”
Therefore, for investors, learning and listening may be as important as interpreting numbers.
— CNBC’s Alex Harring and Alex Harring and Jesse Pound contributed to this report.
