Tue, Jan 21, 2025 9:35 AM
Angel One share price in focus as will trade Ex-dividend today
A Flip by Shubhangi Gupta
Chinese stocks and the yuan tentatively rose on Tuesday, with investors relieved that U.S. President Donald Trump did not announce hefty trade tariffs at his inauguration but unwilling to bet this meant improved U.S.-Sino relations. Trump returned to the White House on Monday with an ambitious agenda spanning trade reform, immigration, tax cuts and deregulation.
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Asian and Chinese equity markets showed a mixed but cautiously optimistic reaction on Tuesday, following the inauguration of US President Donald Trump. While Chinese stocks and the yuan saw some relief, market participants remained wary of Trump’s potential policy reversals and looming tariff threats.
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The US Federal Reserve is likely to maintain its current policy stance, keeping the dollar strong due to robust inflows into US capital markets and competitive bond yields, with no immediate plans for further rate cuts, according to Ed Yardeni and James Knightley. They expect the Fed to take a measured approach, with rate cuts potentially occurring later in the year.
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