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The Hang Seng Index rose Friday but faces a weekly loss, as Chinese tech stocks outpace US peers, a trend likely to continue.
Oil prices eased Thursday after a surge due to a US gasoline stock draw, with WTI net long positions at a 15-year low in February.
Inflation hit its highest since June last year, with the consumer price index up 3% YoY in January. Energy and food costs continued to rise.
The dollar neared a five-month low as Trump's trade policies kept US economic concerns high. The loonie remained volatile.
US stock indexes fell Monday, with Nasdaq 100 down 3.8%, as concerns rise that Trump's tariffs could lead to a global recession.
The euro rose after its best week since 2009, boosted by Germany's fiscal reforms. US job growth picked up, but tariffs show impact.
US added 143,000 jobs in January, with the unemployment rate dropping to 4%, below the expected 175,000 rise, per the BLS.
Oil hovered near a three-year low on Friday due to tariff uncertainties between the US, Canada, China, and OPEC+ plans to increase output.
The euro stayed near a 4-month peak after Germany announced a major spending boost under an agreement by parties forming the next government.
ADP reported January job gains exceeded expectations, with all growth coming from service providers, indicating a stable labor market.
The Australian dollar fell Wednesday as US tariffs raised trade war fears, with China and Canada retaliating and Mexico vowing a similar response.
The Canadian dollar hit a one-month low on Tuesday as trade war fears grew after Trump announced 25% tariffs on goods from Canada and Mexico.
Gold edged up on Monday as US inflation cooled in January. Futures traders slightly increased the odds of a June rate cut, now above 70%.
Inflation ended 2024 strong, with Core PCE at 2.8%, matching expectations and the previous month's rate, according to the Commerce Department.
