The ArcelorMittal steel production plant in Ghent, Belgium, July 27, 2024.
Jonathan Raa | Nurphoto | Getty images
Excitation concerning artificial intelligence and perceived conviviality of US President Donald Trump in the stock market investors recently owed in December. In 2025, it seems that these animal spirits were somewhat evaporated.
Whenever Trump evokes prices, investors react badly (for a good reason). Friday, his threat of reciprocal rates-that is to say imposing on other countries the same degree of functions which they place in the United States-sent tasting actions. New prices on steel and aluminum, which Trump says that he will announce on Monday, should flow more stocks.
Similarly, the AI, the engine that made higher actions in 2024, seems to present investors more uncertainty than opportunities this year. Deepseek’s assertion that his training required only a fraction of the billions of dollars that the American AI models aspire launched the investments of Big Tech – which will represent more than $ 300 billion in 2025 – as well as their evaluation of the actions in question.
While the main characters on the stock market remain the same as in December, they are steering markets in a different direction.
What you need to know today
New steel and aluminum rates
Trump will announce Monday Additional 25% prices on all imports of aluminum and steel in the United StatesAccording to journalists’ comments on Sunday. These will come in addition to the already existing samples. In a separate steel development, Trump said on Friday at a press conference with Japanese Prime Minister Shigeru Ishiba This Japanese Steel will invest in American steelAbandoning his attempt to buy it.
EV price reductions in China in the midst of mixed price signals
Consumer prices in China increased by 0.5% in January Sunday, according to the National Bureau of Statistics of the Country. The figure is higher than the increase in the previous month by 0.1% and the 0.4% expected in a Reuters survey. However, producers’ prices fell 2.3% in January by one year for year – the same degree as December and higher than the 2.1% estimate – for their 28th consecutive month of decline. In the meantime, Electric car companies in China offer discounts And loans without interest to stimulate sales in the midst of a highly contested industry and a feeling of slow consumption in the country.
Unequal report for the American labor market
THE The American economy added 143,000 jobs in JanuaryTHE Labor statistics office reported on Friday. The wage bill not agitated for the month has increased from a 307,000 revised upwards in December and below the estimate of Dow Jones 169,000. However, the unemployment rate decreased to 4% against 4.1% The previous month. The average hourly profits in January were stronger than expected, which will reach 0.5% for the month compared to forecasts of 0.3%.
Asian markets increase while we are struck
All The main American indices ended last week After a losing day on Friday, when the S&P 500 lost 0.95%, the Industrial average Dow Jones slipped 0.99% and the Nasdaq Composite dropped by 1.36%. The actions withdrew after Trump mentioned the possibility of reciprocal tariffs on business partners. On the other hand, Asian-Pacific markets began the higher week. Hong Kong Hang Seng index added about 1.8%. Singapore Time Strait Index Hit a summit of all time, raised by the actions of the largest bank in Singapore DBS Group Holdingswhich jumped 2.6% and hit a new record.
Spend billions in artificial intelligence
Softbank is close to Finalize a primary investment of $ 40 billion in Openai At a pre-money assessment of $ 260 billion, sources told David Faber de CNBC. Deepseek’s profitability does not seem to dissuade great technology: Meta,, Amazon,, Alphabet And Microsoft announced the intention of Spend $ 320 billion combined on AI and data centers. Demis Hassabis, the CEO of Google Deepmind, said on Friday that if Deepseek is “the best job” he saw from China “,”There is no new real scientific advance. “”
[PRO] Inflation in the accent this week
THE Consumer and producers’ price indices for JanuaryWednesday and Thursday will be particularly important for investors respectively. The January job report has shown higher and expected wage growth and the Consumers’ survey of Michigan University revealed that respondents increased their expectations of the inflation rate from one year to 4.3%, a bond of point percentage compared to January.
And finally …
Heaps of coal while waiting to be transported to the Guoyuan port container terminal in Chongqing, China.
CFOTO | Future publishing | Getty images
The world is not close to freeing itself from coal – in some countries, demand is increasing
“Nothing can destroy coal,” said US President Donald Trump at the recent World Economic Forum. Statistics seem to prove it. American coal exports have increased regularly to meet growing global demand – which should have violated another summit of 8.77 billion tonnes in 2024 and will remain at similar levels until 2027, predicted the International Agency ‘energy. “The global change of coal remains difficult, largely motivated by growing demand in Asia, even if Europe and the United States see significant reductions in coal consumption,” said Dorothy Mei, project manager for the tracker global coal mines for energy energy.
