The market is not as passionate about Trump and artificial intelligence as before

Excitement about artificial intelligence and the stock market friendliness of U.S. President Donald Trump was fueling investor sentiment until December. In 2025, these animal spirits seem to have evaporated a little.

Investors react badly when Trump proposes tariffs (for good reason). His threat to reciprocity tariffs on Friday (that is, to impose responsibilities on other countries as equals that of the U.S. in the U.S. — makes stocks throw. Trump said new tariffs on steel and aluminum that will be announced on Monday could be further reduced. stock.

Similarly, the engines that AI drive stocks in 2024 seem to be more uncertain than the enthusiasm this year. DeepSeek claims its training requires only a fraction of the billions of dollars attracted by billions of dollars in AI models, which brings Big Tech’s investment (which will exceed $300 billion in 2025) and its stock valuation.

While the main role of the stock market is the same as December, they are turning to the market in a different direction.

New steel and aluminum tariffs
Trump will announce on Monday 25% tariff on all aluminum and steel imports to the United StatesAccording to comments to reporters on Sunday. These will depend on the taxes already in place. Trump said at a press conference with Japanese Prime Minister Shigeru Ishiba on Friday Nippon Steel to invest in US Steelgive up trying to buy it.

Prices in China send different signals
Consumer prices in China soared 0.5% in January According to the country’s National Bureau of Statistics on Sunday, every year. The figure is higher than the 0.1% increase last month, while expecting 0.4% in a Reuters poll, which has raised concerns about inflation in the Chinese economy. However, the prices of producers fell 2.3% in the year in January, the same as in December, higher than the estimate of 2.1% – a 28th straight month decline.

Uneven U.S. Labor Market Report
this The U.S. economy added 143,000 jobs in Januarythis Bureau of Labor Statistics Report Friday. The non-agricultural wages from 307,000 upward revised upwards in December were lower than the Dow Jones Jones 169,000 estimate. However, the unemployment rate fell to 4% from 4.1% last month. The average hourly earnings in January were higher than expected, with an average of 0.5% per small gain this month compared to a forecast of 0.3%.

European market outperforms us
all Major U.S. index ended last week After Friday’s crushing defeat, S&P 500 Lossed 0.95% Dow Jones Industrial Average Sliding 0.99%, Nasdaq Composite Materials 1.36%. Stocks backed after Trump mentioned the possibility of reciprocity tariffs for trading partners. Regions in Europe Stoxx 600 Index closed 0.38%, but 0.54% ended a week. Shares Porsche and OreaL fell in coaching and disappointing income, respectively.

Spend billions of dollars on artificial intelligence
SoftBank is approaching Completed $40 billion in primary investment in Openai Sources told CNBC’s David Faber to be valued at $260 billion. DeepSeek’s cost efficiency doesn’t seem to block large technologies: Yuan,,,,, Amazon,,,,, letter and Microsoft Plans have been announced Spend $320 billion on AI and data center. Demis Hassabis, CEO of Google Deepmind, said Friday that although DeepSeek is the “best work” he has seen from China,No practical new scientific progress. ”

(Pro) Focus on inflation this week
this Consumer and producer price index for JanuaryWednesday and Thursday respectively, are particularly important for investors. January employment report shows wages have exceeded University of Michigan Consumer Survey Respondents raised their expectations for inflation to 4.3% in one year, an increase of one percentage point from January, according to the report.

The world is not close to getting out of coal – demand is rising in some countries

“There’s nothing to destroy coal,” U.S. President Donald Trump said at the recent World Economic Forum. Statistics seem to prove him right. The U.S. International Energy Agency predicts that U.S. coal exports have been steadily rising to meet growing global demand – an additional 8.77 billion tonnes high is expected to violate 2024 and this will remain at a similar level until 2027. Dorothy Mei, project manager at Global Energy Monitoring Plant, said: “The global shift from coal to coal remains challenging, largely due to rising demand in Asia, even in Europe and the United States. Consumption dropped sharply.”