Morning Wrap (07.02.2025)

Chinese stocks extended gains despite US tariffs, with the Shanghai Composite rising 0.8% and CSI 300 up 1%, driven by AI optimism following DeepSeek's developments. The Hang Seng Tech Index surged nearly 3%, entering bull market territory. Xiaomi jumped 6% to a record high, while Lenovo gained 7.5%.
Most other Asian markets declined, with Japan's Nikkei falling 0.5%, Indonesia's JCI dropping 1.7%, and Thailand's SET losing 1.9%. The weakness came amid ongoing uncertainty around Trump's trade policies, although Australia's ASX 200 bucked the trend with a 0.4% gain.
BYD shares rallied near record highs ahead of its autonomous vehicle strategy announcement scheduled for February 10. The company's Hong Kong shares rose 4.8% to HK$332.40, while its Shenzhen listing gained nearly 5%, both up over 20% for the week.
RBI delivered its first rate cut since 2020, lowering the repo rate by 25bps to 6.25% under new Governor Sanjay Malhotra. The central bank maintained a neutral stance and kept the cash reserve ratio unchanged at 4%. Growth forecast for FY25 was confirmed at 6.4%, with inflation expected to average 4.8%.
Oil prices stabilized in Asian trading but remained on track for a third weekly decline. Brent held at $74.67 and WTI at $70.92, pressured by Trump's pledge to boost US production and oversupply concerns following higher-than-expected US inventory builds.
The yen strengthened to a nine-week high against the dollar after hawkish BOJ comments, with board member Tamura suggesting rates should reach at least 1% in late FY2025. Markets await US nonfarm payrolls data, expected to show 170,000 jobs added in January.
The IMF warned Japan to address its fiscal health immediately, citing mounting natural disaster risks and rising social security costs. The organization projects Japan's public debt to reach 232.7% of GDP this year and expects a slight widening of the primary deficit to 2.2%.
US stock futures were largely unchanged in Asian trading as investors await the crucial jobs report. Treasury Secretary Bessent reaffirmed support for a strong dollar policy and indicated no changes to debt issuance plans.

22 May 2026, 10:17 AM

Chart of the Day 🚨 Wheat falls after massive growth as US rainfall forecasts improve outlook

22 May 2026, 7:58 AM

Will Trump’s decision to send another 5,000 US troops to Poland support the Polish stock market?

22 May 2026, 7:45 AM

Weak retail sales data from UK 🔎What's next for GBPUSD?

22 May 2026, 7:03 AM

Morning wrap (22.05.2026) Nasdaq climbs higher, supporting European and Asian stocks

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days