Jerome Powell, the US Federal Reserve Speaker, is witnessing a hearing of the House of Representatives Financial Services Committee on the “Semi -annual monetary policy report to Congress”, in the Capitol Hill in Washington, DC, United States, February 12, 2025.
Nathan Howard Reuters
What you need to know today
Signs of shrinkage in China
The Chinese national consumer price index fell 0.7 % in February By a year, according to the data Published Sunday by the Chinese National Statistical Office. Reading inflation in negative lands for the first time since January of last year, as it made an annual basis of 0.5 % in January. It is also worse than 0.5 % expected in a Reuters poll for economists.
Jobs grow, but less than expected
the The American economy added a seasonal offer of 151,000 jobs in February, Better than 125,000 reviews below in January, the US Labor Statistics Office said on Friday. However, the number 170,000 consensus is less than Dow Jones. The unemployment rate increased to 4.1 % from 4 % in January.
A week in red for markets
Friday, and S & P 500 He added 0.55 %, and Dow Jon's industrial average Follow 0.7 % and Nasdak 0.52 % increased. but, All three indexes decreased a weekWith the presence of S&P its worst week since September. General Europe Stoxx 600 index It decreased by 0.46 %, on the occasion The first week in red this year. Luxury stocks were among the worst performance, with Richmont and barbaric A decrease of more than 5 % and about 7 %, respectively.
Tesla shares opposite gains
Tesla shares prices decreased for seven consecutive weeksThe Friday closed a decrease of 0.3 % at 262.67 dollars. It is the longest losing series for Timing During 15 years as a public company – coincides with the time of CEO Elon Musk in Washington, DC, Tesla shares ended the week with more than 10 % and at its lowest level since November 5, election day, when they were closed at $ 251.44.
Wait and see
Federal Reserve Chairman Jerome Powell said on Friday in a speech In a policy forum, the central bank is focusing on the signal from the noise, ”referring to the policies of US President Donald Trump on the economy. With regard to interest rates, federal reserve officials do not need to be in a hurry, and they are in a good position to wait for greater clarity,” he added. Meanwhile, US Treasury Secretary Scott Beesen admitted on Friday that the economy is “the economy”Start rolling a little“
(Pro) inflation readings to watch
The stock market was beaten last week due to the uncertainty caused by Trump's policies. This week, investors will monitor Consumer and US price indicators, on Wednesday and Thursday, respectivelyFor a clearer picture of the economy. Consumer feelings index by the University of Michigan in March, outside Friday, will also provide a measure of the prevailing mood.
Finally …
Ukrainian crew personnel in a German anti -aircraft tank, which is used to target Russian drones during the car's demonstration to the media, on the outskirts of Kiev, on November 30, 2023, amid the Russian invasion of Ukraine.
Roman Bilby AFP | Gety pictures
European leaders pay the defense spending amid uncertainty over Trump in Ukraine
A week after Ukrainian President Folodimir Zelinski was expelled from the White House, European leaders increased bet on defensive spending plans. This week, the European Commission suggested measures for financial flexibility in defensive spending and a plan to borrow 150 billion euros (163 billion dollars) to lend to the European Union governments for defense capabilities at the level of Europe.
With more equipment, the European Union stressed that “it could” intensify a large scale “support for Ukraine, which was dependent on both Europe and the United States for military and humanitarian aid throughout its resistance for a period of three years to invade Russia. In general, the so -called European chain plan can mobilize approximately 800 billion euros.
