Titan Wealth Weekly Market Update - Monday 3rd February

Titan Wealth Weekly Market Update Podcast

Welcome to this week’s Titan International market review for the week ending 2nd February 2025.

Global equity markets delivered a mixed performance this week as investors digested a slew of central bank announcements, corporate earnings updates from the world’s largest firms, and fresh economic data from the United States.

The US Federal Reserve wrapped up its first meeting of 2025 on Wednesday, opting—as widely expected—to hold its policy rate steady at 4.25% to 4.50%.

Meanwhile, in Europe, the European Central Bank (ECB) delivered a widely anticipated 25-basis-point rate cut, lowering its key deposit rate to 2.75%.

Corporate earnings took centre stage this week, with four of the "Magnificent 7" reporting results.

Tech stocks came under pressure early in the week, rebounding from Monday’s sharp sell-off, triggered by Chinese AI startup DeepSeek.

Looking at the broader picture, earnings for the S&P 500 are on track for 12% year-on-year growth, potentially marking the strongest expansion since 2021.

Fourth-quarter GDP data confirmed that the US economy remains on solid footing, with growth coming in at 2.3% annualised, just shy of expectations for 2.4%.

Elsewhere, geopolitical tensions flared as the US imposed fresh tariffs on trading partners.

It was a soft week for US equities, with the S&P 500 slipping 1%, though value stocks outperformed.

In the commodities space, gold surged over 1% to an all-time high, surpassing its previous record set three months ago.

That’s all for this week’s Titan International Weekly Podcast. Thank you for listening and for further investment insights head over to titanwealthinternational.com.