To The Moon

Wall Street Mixed, Investors Digest Trump's Proposed Tariff Policies and FOMC Minutes

🇺🇸 S&P 500: +0.16% 📈

🇺🇸 Nasdaq: -0.05% 📉

🇪🇺 Stoxx 600: -0.19% 📉

🇯🇵 Nikkei 225: -0.26% 📉

🇭🇰 Hang Seng Index: -0.86% 📉

🇨🇳 CSI 300 Index: -0.15% 📉

🇸🇬 Straits Times Index: +1.54% 📈

U.S. Stock Market Mixed

The S&P 500 rose by 0.2%, while the Nasdaq fell by 0.1%. Investors digested news that President-elect Donald Trump is considering declaring a national economic emergency to push forward his tariff proposals.

Chinese Stock Market Declines

The Hang Seng Index and CSI 300 Index dropped by 0.9% and 0.2%, respectively, pressured by diminished expectations of Fed rate cuts and escalating geopolitical tensions.

Upcoming Events:

On Thursday, the U.S. will release the FOMC minutes and initial jobless claims, while the EU will announce year-on-year retail sales.

By the end of the week, U.S. nonfarm payrolls, unemployment rate, Michigan consumer confidence index, and Malaysia's unemployment rate and retail sales data will be released on Friday.

Things to Know Today:

1. In the December FOMC minutes, Fed officials outlined a new approach to rate cuts, opting to slow the pace of cuts in the coming months due to heightened inflation risks.

FOMC

2. President Joe Biden's administration plans to impose new export restrictions on AI chips from companies like Nvidia Corp. $NVIDIA Corp(NVDA)$ before leaving office, aimed at preventing advanced technology from reaching China and Russia.

AI chips restriction by Biden

3. According to a former member of the Bank of Japan's policy board, the possibility of the Bank of Japan delaying its next rate hike until March has risen due to increasing uncertainty surrounding President-elect Trump.

Japan rate hike

4. Sources report that Constellation Energy Corp. $Constellation Energy Corp(CEG)$   is set to acquire Calpine Corp. $Calpine(CPN)$  in a deal valued at around $30 billion, potentially one of the largest transactions in the power generation industry.

Constellation Energy

5. Indonesia maintains its sales ban on $Apple(AAPL)$  Apple iPhone 16 due to the company failing to meet domestic market requirements, despite Apple's commitment to invest $1 billion.

Apple iPhone 16

Key Takeaway:

The U.S. market is still struggling as investors navigate persistent inflation, strong growth, and the high uncertainty surrounding President-elect Trump's agenda.

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