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The president of the United States, Donald Trump, on screen during his speech by videoconference at the Annual Meeting of the World Economic Forum in Davos, on January 23, 2025.
Fabrice Coffrini | AFP | Getty images
This report is from CNBC Daily Open today, our International Market Bulletin. CNBC Daily Open puts investors a day with everything they need to know, regardless of where they are. How do you see? You can subscribe here.
What you need to know today
Trump Davos address
The president of the United States, Donald Trump, went to the World Economic Forum In Davos, Switzerland, practically Thursday. In his speech, Trump said he would “It demands that interest rates immediately fall “ Ask Saudi Arabia and the OPEC “Reduce the cost of oil“And he called Al The commercial relationship of the European Union with the United States Very unfair.
Closing registration for S&P
He S&P 500 closed in a new high on Thursday As investors liked what they heard of Trump regarding rates cuts. All the main reference points of the US are on a four -day winning streak. Regional Europe Stoxx 600 index 0.44% was added. Puma The shares fell around 23% after they lost profit expectations of 2024 per year and revealed plans on Wednesday to reduce the cost.
Cryptographic order signed by Trump
Cryptocurrency defenders received another impulse from Trump on Thursday after he signed a Executive order to promote the progress of cryptocurrencies In the United States, most of the order focuses on establishing technology and rules around cryptography. One of the critical pieces is the creation of a working group to consider a national reserve of digital assets.
Boeing projects a great loss
Boeing Thursday said it is likely lost about $ 4 billion in the fourth quarteror a loss of $ 5.46 per share. The income will probably reach $ 15.2 billion, lower than the estimates of LSE. Boeing has not published an annual gain since 2018. The aircraft manufacturer began 2024 with a Air accident And he finished it with a paralyzing work strike and dismissal.
(Pro) return to Apple soon?
Apple The actions are directed to their fourth week of consecutive loss and have decreased almost 11% in what now in January, while the stocks are more directly linked to artificial intelligence, such as Nvidia and OracleThey have recovered. But it is still the first days of AI. Here’s why investors could Go back to apple In the middle of the year, he wrote a Goldman Sachs analyst.
The final result
Markets are supposed to be executed in numbers: past performance, profits, return on assets. But words are equally powerful in their ability to move the markets, as demonstrated by Trump’s World Economic Forum to the World Economic Forum.
The price of We raw and the global reference point Brent Fall on Trump saying that “I would ask Saudi Arabia and the OPEC to reduce the cost of oil.”
And after Trump said that “it would demand that interest rates decrease immediately,” 2 -year treasure performance, which tends to track short -term interest rates, surpassed, while actions increased.
In fact, the S&P 500 0.53% was added to close in a closing record of 6,118.71. Its last maximum closure of all time was 6,090,27 in early December. He Dow Jones industrial 0.92% rose and Nasdaq composerE won 0.22%. It was the fourth consecutive session in the green for the three indexes.
But unlike the numbers, which are objective (most of the time, anyway), words can be capricious.
“Davos’s speech from Trump contained some seemingly positive lines (OPEC requested at the lowest oil prices, demanded that lower interest rates and reiterated previous promises to cut taxes and regulation), but there was very little, either incremental or within your control “, Adam, Adam, Adam. Crisafulli, founder of Vital Knowledge, said in a note.
That does not mean that Trump does not continue his statements. However, it is imprudent to have a bank in comments without earth for a concrete action.
On the other hand, there are some words that have the weight of politics behind them and must be taken seriously by investors.
The United States Federal Reserve meets next week. While the possibility of a speed cut is almost zero, according to CMEGroup Fedwatch ToolWhat President Jerome Powell says at his press conference “is likely to cause market volatility,” according to James Demmert, Investment Director of Main Street Research.
Learning what listening, then, could be as important for investors as deciphering numbers.
– Alex Harring and Jesse Pound of CNBC contributed to this report.
