The market is not as enthusiastic about Trump and AI as before

The excitement about artificial intelligence and US President Donald Trump’s familiarity with the stock market recently supported investors’ sentiment in December. In 2025, the spirit of those animals appears to have evaporated somewhat.

Every time Trump causes tariffs, investors have reacted badly (for good reasons). His threat to Friday’s mutual tariffs, the same level of obligations that other countries would pose on the US, has overturned stocks. The new tariffs on steel and aluminum that Trump says will announce on Monday are likely to sink stocks even further.

Similarly, AI, the engine that raised inventory in 2024, appears to be presenting more uncertainty to investors than this year’s enthusiasm. The claim that Deepseek’s training requires just a small portion of the billions of dollars that US AI models have been sucked into, will be over $300 billion in 2025, but will cast a Big Tech investment. Ta.

The stock market heroes remain the same as in December, but they are piloted in different directions.

New steel and aluminum tariffs
Trump announces on Monday Additional 25% tariff on all aluminum and steel imports into the USaccording to a comment to a reporter on Sunday. They will come above already existing taxes. Separately, Trump said at a press conference with Japanese Prime Minister Isba on Friday. That Japanese Steel invests in US Steelgive up on attempts to buy it.

China Prices Send Mixed Signals
Consumer prices in China increased by 0.5% in January Every year, according to the national national statistics office on Sunday. The figure is higher than the previous month’s 0.1% increase, with a Reuters poll projected at 0.4%, alleviating concerns about deflation in the Chinese economy. However, producer prices fell 2.3% in January. This is sharper than the 2.1% estimate, just as it was in December, compared to the 28th consecutive month of decline.

Uneven reporting for the US labor market
The US economy added 143,000 jobs in January, Labor Statistics Bureau It was reported on Friday. Non-farm payroll for the month, down from the upwardly revised December 307,000, was below the Dow Jones 169,000 estimate. However, the unemployment rate fell from 4.1% the previous month to 4%. The average hourly revenue in January was stronger than expected, at 0.5% of the month compared to the 0.3% forecast.

The European market is better than us
all Major US indexes closed low last week After the loss on Friday, S&P 500 Lost 0.95% Dow Jones Industrial Average Slide 0.99% and Nasdaq Composite A decrease of 1.36%. The shares retreated after Trump mentioned possible mutual tariffs on his trading partners. Regions of Europe Stoxx 600 The index closed 0.38% lower but We increased the week by 0.54%. Stocks Porsche and OreaL fell in revenues of weak guidance and disappointment, respectively.

Billions of dollars spent on artificial intelligence
Softbank is nearby Confirms $40 billion in major investment in Openai In a pre-money valuation of $260 billion, sources told CNBC’s David Faber. DeepSeek’s cost-effectiveness doesn’t seem to thwart any major technology. Meta, Amazon, alphabet and Microsoft The plan has been announced A total of $320 billion will be spent on AI and data centers. Deepseek is the “best job” seen from China, Google Deepmind CEO Demis Hassabis said on Friday.There are no real new scientific advances. ”

(Pro) This week’s inflation
Consumer and producer price index for JanuaryWednesday and Thursday, respectively, is particularly important for investors. The January employment report states that wage growth is higher than expected. University of Michigan Consumer Survey Respondents said they have raised their expectations for a one-year inflation rate, which jumped 1 percentage point from January to 4.3%.

The world is not nearing being freed from coal – in some countries it is rising sharply

“We can’t destroy coal,” US President Donald Trump said at the recent World Economic Forum. The statistics seem to prove him correctly. US coal exports are steadily rising to meet the growing global demand. This is expected to violate an additional 8.77 billion tonnes high in 2024, and will remain at a similar level until 2027. “We are pleased to announce that we are a great opportunity to help you,” said Dorothy May, project manager for Global Mining Tracker, Global Energy Monitor.