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Modest global growth forecast amid trade tensions
5 articles I'm watching carefully
Tyler Dupont
January 07, 2025
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Tyler Dupont  Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Tech stocks rally as Nvidia hits record high
Tech stocks drove markets higher, with Nvidia surging 3.4% to a record high on AI optimism following Foxconn's revenue boost. The Nasdaq gained 1.2%, while the Dow fell slightly. Investors await nonfarm payroll data and Nvidia's CES keynote for insights on its Blackwell chip.
Oil prices dip as economic concerns offset winter storm demand
Oil prices fell after five days of gains, with Brent down 0.3% to $76.30 and WTI down 0.5% to $73.56. Weak U.S. manufacturing data and German inflation tempered demand projections. Analysts predict low demand growth in 2025, potentially outpaced by new supply from OPEC and the U.S.
Gold dips as Treasury yields climb, eyes on US data
Gold prices fell 0.2% to $2,634.52 as 10-year Treasury yields hit an eight-month high, making gold less appealing. Analysts project $3,050/oz by year-end amid dollar weakness and potential rate cuts. Markets await U.S. jobs data, with Fed policy dependent on inflation and employment trends.
🪙 Crypto
Structured bitcoin ETFs blend crypto with risk management
Calamos plans to launch a Bitcoin ETF offering 100% downside protection by combining options on the Cboe Bitcoin U.S. ETF Index with Treasuries. Designed for a 12-month hold, it targets cautious investors. Other firms, like Innovator, also aim to pair crypto with income strategies.
🌎 Global Economy
Modest global growth forecast amid trade tensions
Global GDP is projected to grow at 2.5% in 2025, with developed economies expanding below 2% and emerging markets driving growth at 3.5%-4%. Challenges include U.S.-China trade tensions, eurozone industrial overcapacity, and China's deleveraging. Inflation is expected to ease to 4%.
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