{"id":41864,"date":"2025-02-05T10:45:18","date_gmt":"2025-02-05T10:45:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=41864"},"modified":"2025-02-05T10:45:18","modified_gmt":"2025-02-05T10:45:18","slug":"morning-update-05-02-2025","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=41864","title":{"rendered":"Morning Update (05.02.2025)"},"content":{"rendered":"<p>\ud83d\udcc9 <strong>Asian markets decline<\/strong> as investor sentiment worsens. Chinese markets are leading losses after returning from New Year celebrations. Contracts for CHN.cash and HK.cash are down \ud83d\udcc9 <strong>-1.6%<\/strong> and <strong>-1.5%<\/strong>, respectively.<\/p>\n<p>\ud83d\udea8 <strong>What\u2019s causing the sell-off?<\/strong><\/p>\n<p>\ud83c\uddfa\ud83c\uddf8 <strong>U.S. Customs<\/strong> announced new trade measures:Tariffs will now apply to <strong>both Hong Kong and mainland\u00a0China<\/strong>.The White House has revoked the <strong>duty-free exemption<\/strong> for packages under $800, which boosted growth for Chinese retailers like\u00a0<strong>Temu<\/strong>.\ud83d\udce6 The <strong>U.S. Postal Service<\/strong> is temporarily halting acceptance of <strong>international packages<\/strong> from China and Hong\u00a0Kong.<\/p>\n<p>\ud83d\udcca <strong>Economic data highlights:<\/strong><\/p>\n<p>\ud83c\udde8\ud83c\uddf3 <strong>China\u2019s January Caixin Services PMI<\/strong> underwhelmed with a reading of <strong>51.0<\/strong> (vs. <strong>52.2<\/strong> in December).\ud83c\uddef\ud83c\uddf5 <strong>Japan\u2019s wage data<\/strong> showed <strong>+4.8% y\/y growth<\/strong>, reinforcing expectations of a potential <strong>Bank of Japan rate\u00a0hike<\/strong>.Former BoJ banker <strong>Hideo Hayakawa<\/strong> warned that rates could rise higher than markets anticipate.The <strong>yen<\/strong> is strengthening on this news, supported by an improved <strong>services PMI<\/strong> reading of <strong>53.0<\/strong> (vs. <strong>50.9<\/strong>\u00a0prior).\ud83c\uddf3\ud83c\uddff <strong>New Zealand\u2019s Q4 employment report<\/strong> shows <strong>rising unemployment<\/strong> at <strong>5.1%<\/strong>, in line with forecasts, but with limited market reaction.<\/p>\n<p>\ud83d\udcc8 <strong>US\u00a0markets<\/strong>:<\/p>\n<p>US equity futures remain\u00a0subdued.<strong>Alphabet (GOOGL)<\/strong> missed expectations on Google Cloud revenue, tumbling <strong>-7.6%<\/strong> after-hours.<\/p>\n<p>\ud83d\udd0d <strong>Key reports to watch\u00a0today<\/strong>:<\/p>\n<p>\ud83c\uddea\ud83c\uddfa <strong>Eurozone<\/strong>: Final services PMIs &amp;\u00a0PPI\ud83c\uddfa\ud83c\uddf8 <strong>US<\/strong>: ADP employment report, ISM services\u00a0data\ud83d\udde3\ufe0f Possible updates on the <strong>Trump-Xi conversation<\/strong><\/p>\n<p>\ud83c\udfc5 <strong>Precious metals\u00a0surge<\/strong>:<\/p>\n<p><strong>Gold<\/strong> shines, up <strong>+0.7%<\/strong>, reaching an <strong>all-time high<\/strong> of <strong>$2,860\/oz<\/strong>.<\/p>\n<p>\ud83d\udcc9 <strong>Volatility remains low<\/strong> across other instruments.<\/p>\n<p><a href=\"https:\/\/medium.com\/coinmonks\/morning-update-05-02-2025-6c5a720bfb4d\">Morning Update (05.02.2025)<\/a> was originally published in <a href=\"https:\/\/medium.com\/coinmonks\">Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"<p>\ud83d\udcc9 Asian markets decline as investor sentiment worsens. Chinese markets are leading losses after returning from New Year celebrations. Contracts for CHN.cash and HK.cash are down \ud83d\udcc9 -1.6% and -1.5%, respectively. \ud83d\udea8 What\u2019s causing the sell-off? \ud83c\uddfa\ud83c\uddf8 U.S. Customs announced new trade measures:Tariffs will now apply to both Hong Kong and mainland\u00a0China.The White House has [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-41864","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41864"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41864"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41864\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}