21/02/2025 Daily Reports
Alibaba’s AI Push Fuels Market Optimism, Yen Weakens on BOJ Caution
Alibaba’s Earnings Spark Tech Rally
- Alibaba shares jumped 13%, leading gains in Chinese tech stocks.
- The company’s fastest revenue growth in over a year boosted market confidence.
- CEO Eddie Wu emphasized AI development as Alibaba’s top priority, fueling investor enthusiasm.
BOJ & Yen Movement
- The yen weakened past 150 per dollar after BOJ Governor Ueda signaled intervention in bond markets.
- Traders increased bets on a July BOJ rate hike, pricing in an 84% chance of a 25bps increase.
- Japanese 10-year bond yields declined, reflecting cautious market sentiment.
Inflation & Global Rate Outlook
- Japan’s core CPI rose 3.2% YoY, its highest since June 2023.
- BOJ remains cautious, balancing inflation risks and market stability.
- In Australia, RBA keeps rates on hold, closely watching labor market data.
Gold & Oil Trends
- Gold remains near record highs amid growing demand for safe-haven assets.
- Oil heads for its biggest weekly gain since early January due to supply concerns.
Crypto Watch: Bitcoin Nears $100K!
- Bitcoin trades around $98,000, maintaining strong bullish momentum.
- Ether gains 0.7%, reflecting continued investor interest in digital assets.
What’s Next?
- If Alibaba’s earnings momentum continues and China implements meaningful structural reforms, we could see a more sustained rally in its tech sector, attracting long-term global investment.
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Markets Slip as Tariff Threats and Walmart’s Warning Weigh on Sentiment
- Wall Street was set to open lower as renewed tariff threats from President Trump fueled economic uncertainty. His latest measures, adding lumber and forest products to existing tariffs on autos, semiconductors, and pharmaceuticals, raised fresh inflation concerns.
- Walmart plunged over 7% after forecasting weaker sales for fiscal 2026, signaling that inflation-weary consumers may start cutting back. The warning dragged down other major retailers and reinforced concerns about slowing consumer spending.
- Meanwhile, jobless claims came in slightly above expectations, adding to market jitters. With mixed inflation data and a sharp drop in retail sales last week, investors remain cautious despite the S&P 500 recently hitting record highs.
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