New Week, New Year: Initial Insights
- M. Burak Kotan
- Jan 7
- 1 min read
🇨🇳Despite positive Chinese PMI data, it contracted from the last month. The Chinese economy is one of the biggest mysteries of this year.
🇬🇧The UK PMI data fell to the lowest level of the last 11 months.
🇺🇸The US PMI data increased a little but remained under 50 points.
🇨🇳China is likely to decide on more export curbs on batteries and critical minerals. The retaliation has already begun.
🥇Gold rose a little but ranged around $ 2630. Oil gained more than 3%.
We are going to be a major producer of rare earth minerals. Donald Trump
〽️The S&P 500 was neutral in the first week. Its January performance is vital for the rest of the year.
👀Fed minutes, Michigan Index, flash CPIs from Europe, the US nonfarm payrolls, and unemployment rates are to watch this week.
Great analysis! The PMI trends and China’s strategic moves on exports really highlight the complex dynamics of the global economy right now. Looking forward to your insights on how these developments might impact trade and commodities in the coming months!