Trump’s State of the Union: Global Tariffs Successful, Nvidia Earnings Report Coming Soon.

President Trump recently announced a new executive order on February 24, levying a 10% import tariff on goods from all countries and regions. This decision comes in the wake of a Supreme Court ruling that had deemed the government’s previous tariff policy as excessive.

Trump is scheduled to deliver the State of the Union address on the same day, where he will outline his administration’s policy priorities for the upcoming year and discuss the current economic situation. Notably, Supreme Court justices who had opposed the tariffs are expected to be in attendance.

On a different note, the U.S. Producer Price Index (PPI) for January is set to be released soon, offering valuable insights into inflation trends. Economists at HSBC have predicted a 0.3% month-over-month increase, although the annual growth rate is likely to decrease from 3.0% in December to 2.8%.

Investors have already factored in two 25 basis point rate cuts by the Federal Reserve this year, with the first expected to occur in July. However, analysts at LBBW have cautioned that the Fed’s meeting minutes indicate a potential risk of only one rate cut in the coming months.

In Hong Kong, the government is preparing to announce its new budget on February 25, with expectations of a return to surplus owing to increased revenue from a thriving financial market. This positive development comes despite ongoing capital account deficits resulting from infrastructure investments.

Looking ahead, Nvidia (NVDA) is gearing up to release its earnings report next week, with analysts forecasting a significant 71% increase in earnings per share for Q4 and revenue projected at $65.9 billion. The CEO’s remarks during the report could have a substantial impact on the broader AI sector.

Furthermore, other companies such as Hims & Hers Health (HIMS), Standard Chartered (02888.HK), Tempus AI (TEM), and the Hong Kong Stock Exchange (00388.HK) are also expected to report earnings soon, adding further excitement to the financial market.

Apple (AAPL) is all set to hold its annual shareholder meeting on February 24, where shareholders will have the opportunity to vote on board re-elections and executive compensation decisions.

In China, the MSCI China Index is due for adjustments after the market close on February 27, with four new stocks being added and six others, including Zhejiang Hu-Hang-Yong and Vanke Enterprises, being removed.

Lastly, noteworthy economic releases include December factory orders in the U.S. at 23:00 and China’s announcement of its one-year and five-year loan market quotation rates at 9:00.

Investors are advised to closely monitor these upcoming economic data releases and earnings reports, as they may unveil significant opportunities in the market.