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Canada and Mexico are bracing for the impact of 25% US tariffs after Donald Trump said they would be imposed on Saturday.
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Trump blamed the countries for his decision to impose tariffs. Both have a close trading relationship with the US, partly because of North American free trade deals, including the one he passed in 2020. Bloomberg News reported that he said:
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We’ll be announcing the tariffs on Canada and Mexico for a number of reasons. Number one is the people that have poured into our country so horribly and so much. Number two are the drugs, fentanyl and everything else that have come into the country. Number three are the massive subsidies that we’re giving to Canada and to Mexico in the form of deficits.
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The Canadian dollar fell 0.4% during Asian market trading on Friday, while the Mexican peso slumped by 0.6% against the US dollar.
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Oil prices also rose. The price for futures of West Texas Intermediate, the North American oil benchmark, rose by 0.6% to $73.17 per barrel, while prices for Brent crude futures, the North Sea benchmark, rose by 0.3%. Trump has not said whether Canadian oil will be subject to tariffs, although that would run counter to his hopes for lower oil prices.
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Bob Savage, head of markets strategy and insights at BNY, a US investment bank, said that the emergence of the DeepSeek AI competition earlier this month and Trump’s tariff threats could puncture the buoyant mood on financial markets. The combination could be an “inflection point” in the mood among investors.
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Our data show that investors are getting used to Trump’s policy shifts and rhetoric. Fear of a meaningful change in immigration policy, tariffs and spending has not been borne out.
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However, Savage warned that “investing requires greater clarity about the scope, size and reach of Trump’s tariffs”. He wrote:
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Our mood index, which captures equity buying against bill selling, remains extremely positive but with peaks this week, suggesting significant downside risks for the month ahead.
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{“Alt”: “According to the flow of the BNY index tracking market, a chart that shows that the mood of the stock market has shifted negatively after the occurrence of the DeepSeek Trump tariff threats. “Captions”: “BNY's mood index shows that the attitude toward the risk of the stock and the bond market has shifted negatively after the emergence of tariffs of Donald Trump and Donald Trump.” Credit “:” Photo “:” BNY “}}, {” _ type “:” Model.dotcomrendering.pageelements.Textblockelement “,” html “:
Mohit KumarCover world economics JeffreiesUS investment bank said:
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Trump may be making 25 % of Mexico and Canada's announcement, which will be the market negative. However, we still consider tariffs as a negotiating tool, and even if Trump advanced, the period of intense negotiations continues, and part of the customs duties is ultimately brought back. However, when you come on Monday morning, there is a possibility of market volatility related to tariff news.
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He states that the growth of housing prices in the UK has slowed down.
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According to the Nationwide, the largest architectural association in the UK, the average price of the UK house increased 4.1 % year -on -year.
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With the effects of the season, housing prices rose 0.1 % a month. As a result, the average price is 268,213 pounds, according to transactions nationwide.
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Robert Gardner,, NationwideChief Economist states:
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The housing market continues to recover, despite continuous and affordable pressure.
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Last year there was a small improvement, but the reasonable prices remained extended by historical standards. Prospects for earning the average British income and purchasing a typical first buyer real estate with a 20 % deposit are equivalent to paying a monthly mortgage, which is equivalent to 36 % of take -out salaries. This greatly exceeds the long -term average of 30 %.
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Agenda
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8:55 am GMT: German unemployment rate (January, before: 6.1 %, consensus: 6.2 %)
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9:00 am GMT: The European Central Bank survey of the forecast
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1:00 pm GMT: German inflation rate (January; before: 2.6 %; weakness: 2.6 %)
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1:30 pm GMT: US core personal consumption expenditure inflation rate (December; before: 0.1 %; weakness: 0.2 %)
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“,” ELEMENTID “:” C74C09A8-C189-4991-B4EB-86A09D482613 “],” Attributes “: {” pin fastening “:” KeyEvent “: True,” Summary “:” Summary “: FALSE: }, “BlockCreatedon”: 173831008000 , “BlockCreatedonDisplay”: “BlocklastUpdated”: 1738310049000, “BlocklastUpdatedDISPLAY”: “02.54 EST” SHED “: 1738310098000,” “BlockfirstPublishdplay”: “” BlockFirstPublishdplay “” 02.54 “,” Title “:” Canada “:” Canada ” The dollar and Mexico pesos will slow down the duties of Trump's tariffs. “[]”PRIMARYDATELINE”: “FRI January 31, 03.04 EST”, “Decondarydateline”: “FIRST PUBLISHED ON FRI 2025 02.54 EST”}]: “KEY-EVENTS-CAROUSEL- Mobile “,” AbsoluteERVERTIMES “: FALSE,” RenderingTarget “:” Web “}>
Important events
The European stock market moved to the opening bell on the opening bell on Friday morning.
This is the opening snap via Reuters:
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Europe STOXX 600 Up 0.2 %
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British FTSE 100 has increased 0.2 %. German dax increase 0.1 %
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French CAC40 has risen 0.2 %. Spanish IBEX increased 0.2 %
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EURO STOXX index has increased 0.2 %. Eurosone Blue Chips 0.2 %
Canadian dollars and Mexico pesos are threatened by Trump's tariff. The growth of housing prices in the UK will be slow
Good morning, and to live coverage in business, economy, and financial markets.
Canada and Mexico have endured the 25 % US tariffs after Donald Trump was imposed on Saturday.
Trump accused him of his decision to impose tariffs. Both have a close relationship with the United States for free trade trading in North America, including what he passed in 2020. Bloomberg News reported that he said.
For some reasons, we will announce duties in Canada and Mexico. The number one is very scary and so many people in our country. The second is drugs, Fentanyl, and everything else. Number 3 is a large subsidy we provide in a deficit in Canada and Mexico.
Canada dollar It decreased by 0.4 % during the Asian market trading on Friday, Mexico pesos 0.6 % decreased to US dollars.
Petroleum price Rose again. The price of Nishi -Texas futures, a North American oil benchmark, rose 0.6 % per barrel to $ 73.17, but the price of Brent crude oil futures, a benchmark in the North Sea, increased by 0.3 %. Trump does not mention whether Canada oil is subject to tariffs, which is contrary to his hope for a decrease in crude oil prices.
Bob SavageIn charge of market strategy and insight bnyEarlier this month, US investment banks said earlier this month, the appearance of the Deep Shek AI competition and the threat of Trump's tariffs could be holes in the buoyancy mood in the financial market. This combination may be the “transformation point” in the mood of investors.
Our data indicates that investors are used to Trump's policy change and rhetoric. The fear of immigration policies, tariffs, and the meaning of spending is not supported.
However, the sabage warned that “investment needs to be clarified more about Trump's tariffs, scale, and reach.” He wrote:
Our mood index, which captures stock purchases for the sale of invoices, remains very positive this week, but this week, it suggests a serious negative side risk this month.
Mohit KumarCover world economics JeffreiesUS investment bank said:
Trump may be making 25 % of Mexico and Canada's announcement, which will be the market negative. However, we still consider tariffs as a negotiating tool, and even if Trump advanced, the period of intense negotiations continues, and part of the customs duties is ultimately brought back. However, when you come on Monday morning, there is a possibility of market volatility related to tariff news.
He states that the growth of housing prices in the UK has slowed down.
According to the Nationwide, the largest architectural association in the UK, the average price of the UK house increased 4.1 % year -on -year.
With the effects of the season, housing prices rose 0.1 % a month. As a result, the average price is 268,213 pounds, according to transactions nationwide.
Robert Gardner,, NationwideChief Economist states:
The housing market continues to recover, despite continuous and affordable pressure.
Last year there was a small improvement, but the reasonable prices remained extended by historical standards. Prospects for earning the average British income and purchasing a typical first buyer real estate with a 20 % deposit are equivalent to paying a monthly mortgage, which is equivalent to 36 % of take -out salaries. This greatly exceeds the long -term average of 30 %.
Agenda
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8:55 am GMT: German unemployment rate (January, before: 6.1 %, consensus: 6.2 %)
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9:00 am GMT: The European Central Bank survey of the forecast
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1:00 pm GMT: German inflation rate (January; before: 2.6 %; weakness: 2.6 %)
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1:30 pm GMT: US core personal consumption expenditure inflation rate (December; before: 0.1 %; weakness: 0.2 %)
