Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
US Federal Reserve Chairman Jerome Powell testifies before the start of the House of Representatives Committee on Financial Services “The Congressional Monetary Policy Report”, on the US Capitolian Hill, on February 12, 2025.
Nathan Howard | Reuters
What do you need to know today
Signs of deflation in China
The National Consumer Price Index in China in February decreased by 0.7% Year earlier, according to the data publish Sunday by the National Bureau of China Statistics. Inflation reading was on the negative territory for the first time since January last year, changing profits by 0.5% in January. It is also worse than 0.5% contract expected in the Survey of Economists Reuters.
Jobs grow but less than expected
A US economy added seasonally adjusted 151000 jobs in February, Better than January down 125,000, the US Statistics Bureau reports on Friday. However, this figure is less than 170,000 consensus forecasts from Dow Jones. The unemployment rate increased to 4.1% from 4% in January.
Week in red on the markets
On Friday, S&P 500 added 0.55%, Dow Jones Industrial Medium grew by 0.7% and Nasdaq Composite rose by 0.52%. However, All three indexes fell for a weekWith S&P has the worst week since September. Pan -European SToxx 600 index fell by 0.46%, noting it The first week in red this year. Luxury shares were one of the worst performers, with Richemont and Sherber A decrease in more than 5% and almost 7% respectively.
Tesla shares back profits
Tesla’s stock prices declined by seven straight weeksFriday closing by 0.3% decreased by $ 262.67. This is the longest such unprofitable series Tesla Over the 15 years as a public company – and coincides with time CEO Elon Musk in Washington, DC Tesla’s shares have finished more than 10%, and at the lowest level from November 5, election day when they closed at $ 251.44.
Wait and look
Chairman of the Federal Reserve System Jerome Powell said on Friday in speech At the Political Forum, the Central Bank is “focused on the signal offices”, citing US President Donald Trump’s policy on economics. As for the interest rates, the Fed officials “should not rush, and they are given greater clarity,” Powell added. Meanwhile, the secretary of the US Treasury Scott Insent recognized on Friday that the economy “Starting a little rolling“
(Pro) Reading inflation to view
Last week, the stock market was shot down from the uncertainty caused by Trump’s policy. This week investors will follow the USfor a clearer picture of the economy. Consumer mood index at Michigan University in March, Friday, also provide a predominant barometer.
And finally …
Members of the Ukrainian crews sit in the German side against the aviation pistol used to target Russian launched drones during a demonstration of a vehicle in the media, on the outskirts of Kiev, on November 30, 2023, amid a Russian invasion of Ukraine.
Roman Pilipey | AFP | Gets the image
European leaders are pushing for defense costs amid uncertainty on Trump’s assistance in Ukraine
A week after the Ukrainian President Volodimir Zelensky from the hot expulsion from the White House, European leaders raised an ante on the plans for defense. This week, the European Commission has offered measures to financial flexibility and loan defense and loan plan of 150 billion euros (163 billion) to borrow the EU governments on defense in Europe.
With more equipment, the EU emphasized that it could “intensify” its support to Ukraine, which depended on Europe and the US for military and humanitarian assistance over three years of Russia’s resistance. In general, the so -called EUROPE EUROPE plan can mobilize almost 800 billion euros.
