The President of the Federal Reserve, Jerome Powell, speaks at the North -American Monetary Policy Forum of 2025 on March 7, 2025 in New York City.
Spencer Platt | Getty Images News | Pictures of getty
The United States non -agricultural payroll report was weaker than expected, but the silver coating is that the number of jobs added for the month was higher than January. That said, the dismissal of the Federal Workers of the Elon Musk Government Efficiency Department took place after the survey, said Jeff Cox Cox of CNBC, which means that the descending drag of the data will only appear only in the March work report.
The immediate apparent effect of DOGE, on the other hand, is the seven -week slide of Tesla’s actions since Musk was parking in Washington, Dooge’s actions, along with other policies that United States President Donald Trump unfolds to remodel the United States, are so drastic that the federal reserve is taking note and has a waiting position. But investors do not expect: they already see the confusion and actions of overturning.
What you need to know today
Signs of Deflation to China
The National Consumer Price Index of China fell by 0.7% in February From a year earlier, according to data published Sunday by National Statistics China. The reading of inflation was in a negative territory for the first time since January last year, reversing a year -on -year gain of 0.5% in January. It is also worse than 0.5% contracted planned in a survey of Reuters economists.
Jobs grow but less than expected
It The north -American economy added 151,000 tight jobs stationally in February, Better than those reviewed at the leave of 125,000 in January, the United States Office reported on Friday. However, the figure is less than the 170,000 consensus of Dow Jones consensus. The unemployment rate increased to 4.1% of 4% in January.
Weak markets
On Friday, the S&P 500 Added 0.55%, the Industrial average of Dow Jones increased by 0.7% and the Nasdaq composite rose 0.52%. But,, All three indices fell the weekwith the S&P that has its worst week since September. Asia-Pacific markets exchanged mixed Monday. Japanese Nikkei 225 Added about 0.2% to data showing that cash revenue increased by 2.8% year -on -year a year in January. Hong Kong’s PENG SENG INDEXHowever, approximately 2.3% fell after inflation data was published in China. Bitcoin pricing Fell during the initial trade of Asia.
Tesla actions are inverse gains
Tesla shares prices have dropped for seven weeks in a rowclosing on Friday 0.3% to $ 262.67. Is the longest streak to lose Tesla In his 15 years as a public company, and coincides with the time of Chief Executive Officer Elon Musk in Washington, DC Tesla shares finished the week more than 10% and at their lowest level since November 5, on the day of the election, when they closed $ 251.44.
Wait and look
Chair of the Federal Reserve Jerome Powell said on Friday in a speech In a policy forum that the Central Bank is « focused on separating the signal of noise », referring to the policies of the President of the United States, Donald Trump, on the economy. In terms of interest rates, Fed officials « should not be in a hurry and are well positioned to expect more clarity, » added Powell. Meanwhile, United States Treasury Secretary Scott Bessent acknowledged on Friday that the economy is « Starting to roll a little. « »
(Pro) inflation readings to see
The securities market was mistreated last week due to the uncertainties caused by Trump’s policies. This week, investors will be attentive to the North -American Consumer and produces price indices, Wednesday and Thursday respectivelyFor a clearer image of the economy. The Michigan University Consumer Feeling Index for March, on Friday, will also provide a predominant mood barometer.
And finally …
Members of the Ukrainian crew in a German tank of Anti-Aircraft-Gun Gepard used to go to Russian drone during the demonstration of the vehicle in the media, on the outskirts of Kiev, on November 30, 2023, in the midst of the Russian invasion of Ukraine.
Roman Pilipey | AFP | Pictures of getty
European leaders push expenses in defense in the midst of uncertainty by Trump’s help in Ukraine
One week since the Ukrainian President Volodymyr Zelenskyy has warmed up the expulsion from the White House, European leaders have increased the expense plans for defense. This week, the European Commission proposed measures for tax flexibility in defense spending and a plan to loan 150 billion euros ($ 163 billion) to provide EU governments for defense capabilities throughout Europe.
With more equipment, the EU emphasized that it could « massively increase » its support to Ukraine, which has depended on both Europe and the United States for military and humanitarian aid during its three -year resistance to the invasion of Russia. As a whole, the so -called Retrm Europe Plan could mobilize about 800 billion euros.
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