To The Moon

US Strong Jobs Data Weakens Rate Cut Expectations, Global Stock Markets Under Pressure

🇺🇸 S&P 500 Index: +0.16% 📈

🇺🇸 Nasdaq Index: -0.38% 📉

🇪🇺 Stoxx 600 Index: -0.55% 📉

🇯🇵 Nikkei 225 Index: Market Closed

🇭🇰 Hang Seng Index: -0.91% 📉

🇨🇳 CSI 300 Index: -0.27% 📉

🇸🇬 Straits Times Index: -0.26% 📉

US Stock Market Bounce, S&P 500 Index Up 0.2%, Non-tech Sectors Lead, While Nasdaq Falls -0.4% Due to Soaring 10-Year US Treasury Yields

Asia-Pacific Markets in Red, Hang Seng Down 1.0%, Leading the Decline, Affected by Strong US Jobs Data, CSI 300 Index Down 0.3% Despite Solid Trade Data

December 2024, China Exports Increased 10.7% YoY (Forecast: 7.3%), Imports Grew 1.0%, Reversing Two Months of Contraction

💡 Future Events: 💡

The US will release PPI and Core PPI data on Tuesday.

Investors will await the release of the US Core Inflation Rate and Annual Inflation Rate on Wednesday, along with Eurozone Industrial Production Data.

The US will release Retail Sales and Unemployment Claims data on Thursday, while Japan will announce PPI Yearly Rate.

On Friday, China will release a series of data including GDP Quarterly Rate, Industrial Production Yearly Rate, Retail Sales Yearly Rate, and Unemployment Rate.

💡 Things to Know Today: 💡

1. Biden administration's trade investigation concludes China uses unfair practices to dominate the global maritime sector, potentially paving the way for tariffs or port fees on chinese-made ships after public consultation.

Global maritime sector

2. According to sources, China's Battery Giant CATL $Contemporary Amperex Technology Co.,Ltd.(300750)$  has hired JPMorgan Chase $JPMorgan Chase(JPM)$   and Bank of America $Bank of America(BAC)$   to handle a potential Hong Kong Listing, which could be one of the biggest IPOs in Hong Kong in 2025.

CATL IPO

3. The US government announced new regulations on Monday to limit the quantity of AI chips that can be exported to most countries, while maintaining a total blockade on countries such as China, Russia, Iran, and North Korea.

AI chips export restriction

4. US's largest department store operator Macy 's $Macy's(M)$  downgraded its sales forecast for this quarter, indicating overly optimistic expectations for the holiday season, with net sales now slightly below the previous forecast of $7.8-$8 Billion.

Macy's

5. According to Reuters, chip manufacturer Arm holdings $ARM Holdings(ARM)$  is developing a long-term strategy to increase prices by 300% and considering designing its own chips to compete directly with its largest customers.

Arms chip

✅ Key Takeaways:

Although inflation data this week below expectations may not prompt the Fed to cut rates again this month, it may help ease bearish momentum, especially with strong earnings season start.

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