Stocks hovered around record highs overnight as investors digested more corporate earnings and remarks from President Donald Trump at Davos in which he said he would demand interest rates be lowered and charge Trillions in tariffs
The S&P/ASX 200 Index fell 0.6% on Thursday, losing 49.8 points to close at 8380, with nine of the 11 sectors in decline. Weaker commodity prices, partly due to tariff threats from former President Donald Trump targeting China and the EU, pressured the mining sector.
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Fortescue Metals Group has released its December 2024 Quarterly Production Report on January 23, 2025, highlighting strong operational performance and record-breaking shipments. Here are the key points from the announcement:
Stock surged to fresh record in the S&P500 led by a Netflix-led surge in tech as well as a rally in AI stocks after President Donald Trump unveiled a major $500 billion project to boost domestic AI development.
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Donald Trump and three major tech leaders have announced a significant joint venture called Stargate to fund AI infrastructure in the United States.
This will drive demand for Copper and Uranium for years to come
Stock markets gained Tuesday, as traders weighed expectations for President Donald Trump’s policies to accelerate economic growth and the threat of tariffs on Canada and Mexico as soon as Feb. 1.
Day 1 saw significant shifts in various areas of governance including immigration, trade & tariffs, AI investment and the reversal of many international agreements
Investors welcomed Donald Trump’s second inauguration, anticipating a pro-business agenda, while remaining wary of his protectionist trade policies, particularly his stance on tariffs.
Trump painted a stark picture of the country’s challenges while promising a “golden age of America”. He emphasized an “America First” agenda, vowing to restore national pride, revive the economy, implement strict immigration policies, achieve energy independence, and address cultural issues.
