The ASX200 bounced +0.5% on Wednesday and although it still finished well off its intra-day high it was an encouraging session for local stocks who shrugged off weak US futures, following Googles softer than hoped result.
The news out of the Whitehouse is crossing our screens at unprecedented speed, and traders are dancing accordingly. With Chinas 15% tariff having “Trumped” the US President’s 10% move, we have to think, what next. We’re sure Trump wont sit back and do nothing. Yesterday morning felt like Trumps “Art of the Deal” had brought global markets back from the brink of a Trade War but China will prove a far tougher adversary, as we’ve already seen by their retaliation as opposed to acquiescence. However, after two volatile nights of US trade, earnings season remains more important to markets, at least for now.
The ASX200 was hit hard on Monday as tariffs towards Canada, Mexico and China came into play. The U.S. previously enjoyed about $US1.6 trillion in business with the three countries leading investors to question the potential impact on economic growth and corporate profits.
Much of early last week was focused on Chinese AI startup DeepSeek which launched a free, open-source large-language model in late December, claiming it was developed in just two months at the cost of under $6 million. According to market tracker App Figures data, the DeepSeek mobile app was downloaded 1.6 million times by Jan. 25th and ranked No. 1 in iPhone app stores in Australia, Canada, China, Singapore, the US, and the UK.
The ASX200 posted a new high on Thursday, albeit only by one point, before surrendering some of its early gains to finish up +0.55%, its highest close since December 3rd. Overall, this was a very encouraging result for the bulls as traders digested the Fed’s rhetoric suggesting a long pause on rates and earnings results from a trio of the "magnificent seven" tech giants.
The ASX200 rallied strongly on Wednesday, spurred on by a softer-than-expected inflation print at 11.30 a.m, the market-friendly read led to broad-based gains. The rate-sensitive Utilities and Real Estate sectors enjoyed strong moves, ably supported by a bounce by tech names following Tuesday's DeepSeek-inspired panic sell-off.
The ASX200 slipped -0.1% on Tuesday, a solid performance considering the market turmoil created by DeepSeek's dramatic emergence. The new Chinese AI player has challenged many people's belief that the “Magnificent Seven” would dominate AI for years to come.
DeepSeek, a Chinese AI startup, has launched breakthrough AI models that offer comparable performance to the world's best chatbots at a fraction of the cost. The Hangzhou-based company, which was only launched in 2023, created a free, open-source large-language model in late December, claiming it was developed in just two months at the cost of under $6 million.
The ASX200 ended the penultimate week of January up +1.2%; the market took its lead from US indices, with the tech and financial sectors both advancing over 3% while the energy and materials stocks surrendered some of their earlier monthly gains. Overall excitement toward Trump’s pro-business policies largely pushed risk assets higher this week as investors focused on his inauguration.
The ASX200 fell 0.6% on Thursday as the influence of miners rather than tech weighed on the local bourse. The local market slipped for the first time since Donald Trump's inauguration amid fears of what the US president's promised tariffs might do for trade with China. Investors remain scared of Trump's tariffs towards China, and despite a mention of a 10% cent tariff (only), it was enough to see buyers retreat on mass.
The news out of the Whitehouse is crossing our screens at unprecedented speed, and traders are dancing accordingly. With Chinas 15% tariff having “Trumped” the US President’s 10% move, we have to think, what next. We’re sure Trump wont sit back and do nothing. Yesterday morning felt like Trumps “Art of the Deal” had brought global markets back from the brink of a Trade War but China will prove a far tougher adversary, as we’ve already seen by their retaliation as opposed to acquiescence. However, after two volatile nights of US trade, earnings season remains more important to markets, at least for now.
The ASX200 was hit hard on Monday as tariffs towards Canada, Mexico and China came into play. The U.S. previously enjoyed about $US1.6 trillion in business with the three countries leading investors to question the potential impact on economic growth and corporate profits.
Much of early last week was focused on Chinese AI startup DeepSeek which launched a free, open-source large-language model in late December, claiming it was developed in just two months at the cost of under $6 million. According to market tracker App Figures data, the DeepSeek mobile app was downloaded 1.6 million times by Jan. 25th and ranked No. 1 in iPhone app stores in Australia, Canada, China, Singapore, the US, and the UK.
The ASX200 posted a new high on Thursday, albeit only by one point, before surrendering some of its early gains to finish up +0.55%, its highest close since December 3rd. Overall, this was a very encouraging result for the bulls as traders digested the Fed’s rhetoric suggesting a long pause on rates and earnings results from a trio of the "magnificent seven" tech giants.
The ASX200 rallied strongly on Wednesday, spurred on by a softer-than-expected inflation print at 11.30 a.m, the market-friendly read led to broad-based gains. The rate-sensitive Utilities and Real Estate sectors enjoyed strong moves, ably supported by a bounce by tech names following Tuesday's DeepSeek-inspired panic sell-off.
The ASX200 slipped -0.1% on Tuesday, a solid performance considering the market turmoil created by DeepSeek's dramatic emergence. The new Chinese AI player has challenged many people's belief that the “Magnificent Seven” would dominate AI for years to come.
DeepSeek, a Chinese AI startup, has launched breakthrough AI models that offer comparable performance to the world's best chatbots at a fraction of the cost. The Hangzhou-based company, which was only launched in 2023, created a free, open-source large-language model in late December, claiming it was developed in just two months at the cost of under $6 million.
The ASX200 ended the penultimate week of January up +1.2%; the market took its lead from US indices, with the tech and financial sectors both advancing over 3% while the energy and materials stocks surrendered some of their earlier monthly gains. Overall excitement toward Trump’s pro-business policies largely pushed risk assets higher this week as investors focused on his inauguration.
The ASX200 fell 0.6% on Thursday as the influence of miners rather than tech weighed on the local bourse. The local market slipped for the first time since Donald Trump's inauguration amid fears of what the US president's promised tariffs might do for trade with China. Investors remain scared of Trump's tariffs towards China, and despite a mention of a 10% cent tariff (only), it was enough to see buyers retreat on mass.
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