DOW JONES–It looks like a friendly start on the US stock markets on Tuesday. The futures on the US indices are up up to 0.6 percent. Support comes from a Bloomberg report, according to which a team of advisors to US President-elect Donald Trump is said to be advocating for more moderate punitive tariffs, among other things with a view to inflation risks. Accordingly, these should increase by 2 to 5 percent every month in order to build up negotiating pressure.
Favorable inflation data should also help ease the situation. The overall rate of producer prices rose less than expected in December; contrary to expectations, the core rate stagnated. However, consumer prices, which are more closely followed by the market, will follow on Wednesday.
What is also good for the mood is that Israel and Hamas are apparently close to a ceasefire agreement. In the first phase of the deal under discussion, Hamas would release up to 33 hostages if Israel releases Palestinian prisoners and stops fighting in return, it is said. This could calm some participants’ concerns about oil production failures in the region. Oil prices are coming back slightly after the recent sharp rise.
The recovery of the stock market could be somewhat slowed by bond yields, which are recovering from their daily lows despite the favorable inflation data.
There are signs of a recovery, particularly in stocks from the technology segment, after Nvidia & Co came under pressure the day before with the news of US restrictions on the export of certain AI products. Pre-market, Nvidia is 2.2 percent higher, Broadcom is 1.1 percent and AMD is 1.2 percent higher. Apple tend to claim.
Angi has become more expensive by almost 15 percent after the media and Internet holding company IAC announced that it would spin off its stake in Angi, a provider of household services
Staffing 360 solutions are literally exploding by over 60 percent. The human resources firm has provided updated details of its merger agreement with Atlantic International and one of its subsidiaries, A36 Merger Sub.
Signet fell by around 18 percent premarket after the jewelry chain lowered its forecasts for the fourth quarter. The company explained that customers increasingly demanded cheaper jewelry at Christmas.
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US bonds
Maturity Yield Bp to VT Yield VT +/-Bp YTD
2 years 4.38 -0.8 4.39 13.7
5 years 4.59 -1.2 4.60 20.9
7 years 4.69 -1.1 4.70 21.3
10 years 4.78 -0.2 4.78 21.1
30 years 4.97 +2.1 4.95 19.3
FOREX last +/- % Tue, 8:04 Mon, 17:15 % YTD
EUR/USD 1.0258 -0.1% 1.0260 1.0199 -1.0%
EUR/JPY 161.72 +0.2% 161.44 160.73 -0.7%
EUR/CHF 0.9394 -0.1% 0.9388 0.9378 +0.1%
EUR/GBP 0.8435 +0.6% 0.8396 0.8392 +1.9%
USD/JPY 157.70 +0.2% 157.36 157.59 +0.2%
GBP/USD 1.2163 -0.6% 1.2221 1.2153 -2.8%
USD/CNH (Offshore) 7.3479 +0.1% 7.3465 7.3518 +0.2%
Bitcoin
BTC/USD 96,332.70 +2.1% 95,020.05 91,837.65 +1.8%
ROHOEL most recently VT-Settlem. +/-% +/- USD% YTD
WTI/Nymex 78.18 78.82 -0.8% -0.64 +9.0%
Brent/ICE 80.37 81.01 -0.8% -0.64 +7.4%
GAS VT Settlem. +/- EUR
Dutch TTF 47.35 48.25 -1.9% -0.90 -4.5%
METALS last day previous +/- % +/- USD % YTD
Gold (spot) 2,663.96 2,663.08 +0.0% +0.88 +1.5%
Silver (spot) 29.75 29.62 +0.5% +0.13 +3.0%
Platinum (spot) 947.48 955.45 -0.8% -7.98 +4.5%
Copper future 4.32 4.30 +0.4% +0.02 +7.8%
YTD based on the previous day’s closing level
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(END) Dow Jones Newswires
January 14, 2025 08:54 ET (13:54 GMT)