Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Euro area posted a record trade balance at ¥194.8 billion, shows the latest data published from Euro stat.
Positive trade balance is very favorable for any country and euro area especially Germany remains robust from this point. These positive balances will be favorable to European stocks & Euro once the cloud of uncertainty passes away.
The European stocks at this valuation of Euro looks very favorable and we feel further good days are ahead for the stocks and Indexes (like DAX, IBEX) in the months to come.
DAX is currently just shy of its all-time high of 11,000 and E.Stxx50 trading at 3,440 up more than 10% for the year.
- Top performer is Germany (+€201.8 billion) followed by the Netherlands (+€57.5 billion), Italy (+€37.1 billion), Ireland (+€32.2 billion).
- Worst performers are France (-€67.5 billion), Spain (-€23.0 billion) and Greece (-€18.9 billion).
- Another worthy noting data is export which is significantly down for Switzerland (-18%), though this we believe might change in the coming months after the massive devaluation of euro against franc.
- Exports & Imports to Russia down by 13% & 10% respectively.
Overall the tone of the data is positive for the euro over longer term but could of less impact in the near as the political uncertainty remains at large for now.
