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Markets grow when US consumers continue to waste

Buyers in New York, USA, February 2, 2025.

Robert Nickelsberg | Getty Images | Gets the image

Wall -Story says that I never relate to the US consumer, it is still fair to a certain extent. In February, retail sales, though lower than expected, still registered an increase. For skeptics, it looks like desperately on the silver lining. It can be. But dark clouds in the form of tariffs for US President Donald Trump are more ominous than usual.

In the end, tariffs are a tax on imported goods that will probably be transferred to the consumer. This weighed on the mood of consumers, which are measured by surveys like the University of Michigan. Even the director of the US National Economic Council Kevin Joset acknowledged that Trump’s tariffs would lead to a certain uncertainty.

Because of this, the organization for economic cooperation and development has already reduced the growth forecast. While Trump’s administration is sure that the stocks are based on their basis, strategists can also start reviewing the market forecast if the forecast does not clear.

What do you need to know today

Second triumphant session for American markets
US markets grew on Monday. A S&P 500 rose by 0.64%, Dow Jones Industrial Medium was above 0.85% and Nasdaq Composite Extended 0.31%. All three indices located back to the back. On Tuesday, Asian-Pacific stocks followed by Wall Street above. Japan Nikkei 225 Added about 1.3%subjected to A rally in Japanese’s stocks after Berkshire Hethai increased their share in them. Hong Kong Hang the Index jumped over 2% on the back of Chinese technology growth.

Chinese technological stocks jump
Shares Bake On Tuesday in Asia more than 10%. Investors have encouraged the Chinese technological giant Issue of two new artificial intelligence models On Sunday, one of which is R1 Deepseek, Baida said. Meanwhile, Bake The shares listed in Hong Kong jumped more than 6% outdoors before favorably disassembled. The Chinese Electric Campaign Company revealed on Monday Technology that allows a car to travel 400 kilometers (Approximately 249 miles) with five minutes of charge.

US consumers spend more
In February, retailers have grown by 0.2%There is not enough Dow Jones estimates by 0.6%, reports an advanced reading on Monday from the commercial department. Taking into account this, the figure is better than the 1.2% decrease in January – which was sharply revised down from the original estimate of 0.9%.

OECD is revising growth outlook down
The organization on economic cooperation and development of the forecast of global growth of gross domestic product this year reached 3.1%, which compared to 3.3% in December. It too Revised your assessment for US GDP extension up to 2.2% in 2025 with 2.4%. “Higher trade barriers in several G20 economies and increasing geopolitical and political uncertainty” weigh the sentiment, OECD reports on Monday.

Confidence in the tariff uncertainty
US National Economic Council Director Kevin Hasset has acknowledged that there would be more uncertainty about the tariffs before everything is settled. “Between and 2 April, will be some uncertainty“Hassett said CNBC, citing the date when Trump said he would announce” mutual “tariff plans”. But, as April comes, the markets will see that mutual trade policy makes a lot of meaning, “Joset added.

Iran who is responsible for huti’s attacks: Trump
Oil prices rose on Monday Following US President Donald Trump – Note On its social media platform, the truth is social that the US will consider any attack by the Yemen Group Houthis, “like a shot, shooting with weapons and leadership of Iran.” US Futers Futers grew by 0.25%to reach $ 67.75 a barrel, while global benchmark Brent Works 0.32% above $ 71.30 a barrel as of Tuesday Singapore.

(Pro) “uncomfortable” point section: Goldman
At the end of the Federal Open Market Committee on Wednesday, Fed members will release an updated “point section”, a schedule showing the interest rate forecasts over the next few years. Therefore The point plot may be “clumsy“According to Goldman Sachs analysts.

And finally …

Google Deepmind co -founder and Chief Executive Director Demis Hasabis appears during the Mobile World Congress, the largest annual telecommunications collection in Barcelona, ​​Spain, February 26, 2024.

Barrena Pau | AFP | Gets the image

AI who can fit people on any task will be here five -10 years old, says Google Deepmind CEO

Speaking at a briefing at Deepmind London offices on Monday, Demis Hasabis, CEO of Google Deepmind, said he believes that in the next five or 10 years he would be as reasonable or smarter than people.

Hasabis’s forecast for reaching AGA is conservative compared to some of the peers. Dario Amodei, CEO of AI Anthropic Anthropic, told CNBC at the World Economic Forum in Switzerland in Davos, in January that he sees the form II, which is “better than almost all people” that arise in “The next two years”.

Other technological leaders see that AGA is coming earlier. Cisco Jeetu Patel Products CEO believes that we will be able to see an example that will appear this year.

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