Investors seem less enthusiastic over Trump and AI

Exciting the artificial intelligence and perceived kindness of US President Donald Trump in relation to the mood of investors with the stock market in December. In 2025, it seems that animal spirits have evaporated slightly.

Every time Trump is tariffs, investors reacted badly (for a reason). His threat of mutual tariffs on Friday – that is, imposing on other countries the same degree of obligations they impose on the US – caused falls. New tariffs for steel and aluminum, which according to Trump will announce on Monday, will probably fall.

Similarly, AI, the engine that led the shares higher in 2024, seems to have more uncertainty to investors this year than possibilities. Deepseek's claim that his training required only a fraction of billions of dollars, which sucks AI models, threw Big Tech investments – which will amount to over $ 300 billion in 2025 – as well as questioning their valuation of shares.

While the main heroes of the stock exchange remain the same as in December, they direct markets in a different direction.

New steel and aluminum tariffs
Trump will announce on Monday Additional 25% tariff for all imports of aluminum and steel to the USAAccording to comments for reporters on Sunday. These will stay up to date with existing fees. In separate steel development, Trump said on a press conference with the Japanese IShiba Prime Minister on Friday This Nippon steel will invest in American steelGiving up the attempt to buy it.

EV price reductions in China among mixed price signals
Consumer prices in China increased by 0.5% in January According to the National Statistics Office on Sunday on Sunday. This number is higher than an increase of 0.1% in the previous month, and 0.4% was expected in the Reuters survey. However, the prices of manufacturers fell by 2.3% in January year -on -year – to the same extent as December and more steep than respect 2.1% – at the 28th month in a row. Meanwhile, Car companies in China offer discounts and free loans in order to increase sales among the highly questioned industry and slow consumer sentiments in this country.

An uneven report for the American labor market
. In January, the American economy added 143,000 jobsThe Bureau of Labor Statistics Reported on Friday. The list of non -parish wages for a month fell from a height of 307,000 in December and below Dow Jones 169,000 estimates. However, the unemployment rate dropped to 4% from 4.1% in the previous month. The average hourly income in January was stronger than expected, which is 0.5% in a month compared to 0.3% forecast.

Asian markets rise like us
All The main indexes of the USA ended last week After losing a day on Friday, when S&P 500 lost 0.95%, Industrial average Dow Jones moved 0.99% and NASDAQ composite fell by 1.36%. The actions withdrew after Trump mentioned the possibilities of mutual tariffs for trading partners. Whereas, Markets in Asia and the Pacific began a week above. Hongkong's Insert the SENG index About 1.8%were added. Singapore Times Times indicator hit the highest level, increased shares in the largest bank in Singapore DBS Group Holdingswho jumped by 2.6% and touched the new record.

Spending billions on artificial intelligence
Softbank is close finalizing a basic investment in the amount of $ 40 billion at Openai With a pre -motel valuation of $ 260 billion, the sources informed David Faber from CNBC. It seems that Deepseek costness does not discourage Big Tech: FinishIN AmazonIN Alphabet AND Microsoft He announced plans A total of $ 320 billion per AI and data centers. Demis Hassabis, general director of Google Deepmind, said on Friday that while Deepseek is “the best work” he saw from China “,There is no real new scientific progress. “

(Pro) Inflation this week
. Indexes of consumer prices and producers for JanuaryAccordingly on Wednesday and Thursday, they will be particularly important for investors. January work report showed a higher than expected wage increase and University of Michigan Consumer Survey He revealed that respondents increased the expectations of inflation rate annually to 4.3%, which is one percentage point from January.

The world is not close to freeing itself from coal – in some countries the demand for it is growing

“Nothing can destroy coal,” said US President Donald Trump at the last World Economic Forum. Statistics seem to be good. Coal exports in the USA are constantly growing in order to satisfy the growing global demand – which is to violate another maximum of 8.77 billion tons in 2024 and will remain at similar levels until 2027, predicted an international energy agency. “The global departure from coal remains difficult, largely caused by the growing demand in Asia, even when Europe and the USA see significant drops in coal consumption,” said Dorothy Mei, project manager Global Energy Monitor Global Węgiel.