The employee removes a silver lever for sale from the CostCou shelf in Bayonne, New Jersey, USA, Friday, October 4, 2024.
Clark Hodgin | Bloomberg | Getty Images
This report is from today’s CNBC Daily Open, our newsletter on international markets. CNBC Daily Open Informs Investors about everything they need to know, no matter where they are. Do you like what you see? You can subscribe here.
What do you need to know today
Columbia will see the first Trump customs
US President Donald Trump wrote On his platform of social media truth social he would Introduce a 25%customs office immediately. – Which will increase up to 50% in a week – on goods from Colombia, as well as bring other criminal measures against the Colombian government. American consumers may have to pay more for coffee, raw oil and sliced flowers from Colombia.
Second Winning Week for US Stocks
The main American indexes withdrew on Friday but still finished the week highertheir second consecutive week of gains. Paneurophic Stoxx 600 dropped 0.05%, but completed a week more than 1% more. Burberry jumped about 10% on a a fall in sale smaller than expected in a fiscal third quarter while Ericsson fell more than 12% after the company missed estimates for earnings in the fourth quarter.
New maximum for Alphabet
Alphabet stocks Closed on Friday at $ 200 for the first time on Split-foundation. Company implemented stock in the ratio of 20 for 1 2022. At that time, the shares were traded at a price of around $ 2750, which is equivalent to $ 137.50 after the division. Morgan Stanley Analysts have highlighted the possibilities represented by Alphab’s artificial intelligence agent on Friday.
Mega meta investment
Target Executive Director Mark Zuckerberg announced on Friday that the company plans to invest about $ 60 to $ 65 billion in capital expenditures In 2025, the target also builds an AI engineer who will contribute “to a growing amount of code for our efforts to explore and development,” Zuckerberg added. After the publication, the target shares closed to $ 647.49, which is the new highest value of all time.
Trump’s intentions with a tictic
Trump makes a deal with save Tiktok’s Operations in the United Statesreported Reuters, referring to two people familiar with discussions. Sources said the deal would include Oracle. However, in the comments given to journalists on Air Force One on Saturday, Trump denied the participation of Oracle and said “Very significant people“They talk to him about buying a tictok. One of the sides could be perplexity ai, which Revived your proposal for Bytedance.
[PRO] Earnings dominate the week
Meta platform, Microsoft and Tesla publish your earnings on Wednesday, followed by Apple Thursday – Analysts think the reports could determine the direction of the market. In the meantime, the US Central Bank ends its meeting on Wednesday, when investors will carefully study the comments of President Jerome Powell, seeking indications of the movement of interest rates.
Conclusion
The S & P 500 She moved to the side from her post -election jump in November – in fact, she ended in 2024 lower than she was in in early December.
There are signs that markets are finally from hibernation. While some of the sections of the seven magnificent fought on Friday, both Alphabet and Meta platform ended the day at the highest levels of optimism over their artificial intelligence offers.
And although all the main US reference values fell on Friday, the week still ended up growing for the second time in a row. S & p i Nasdaq Composite each last week increased by about 1.7%, while Dow Jones’ industrial average climbed 2.2 percent.
S&P concluded on Thursday at the new highest level and engraved a new internal peak during a session on Friday. Impressive, it only took eight sessions to raise the index from the lowest level in two months to a record height, recorded Founder of Sundial Capital Research Jason Goepfert.
This fast turn suggests that investors are increasingly convinced that the bull market is returning.
Some of these feelings can be traced to Trump’s objections at the World Economic Forum in Switzerland Davos, like his pledge to “demand that interest rates be reduced immediately” and comment that “he will ask Saudi Arabia and OPEC to lower the price of oil”.
Lower interest rates, in general, stimulate economic activity, while cheaper oil reduces the costs for businesses.
But some analysts are worried that investors could only cheer for a phantom.
“So far, the markets have responded to every president’s statement, even those who should have no impact,” said Mark Malek, Director of Siebert Investment Director. “This shows that merchants have not yet stood up their pace.”
Indeed, perhaps a more realistic sense of market can be interpreted from gold prices. Prompt gold prices have increased to the highest levels in almost three months on Friday, signaling that some investors turn to a noble metal for security in the midst of uncertainty.
For those who chase the bull market, it might be worth it to listen to what gold has to say.
-CNBC Alex Harring, Yun Li and Sarah min have contributed to this report.
