Tuesday 25 February 2025
The Mighty Headlines
Economics: Eurozone inflation increases to six-month high
Business: Apple to hire 20,000 more US workers to beat China tariffs
Markets: Just Eat shares increase by over 50 per cent
Foreign Affairs: EU starts to ease sanctions on Syria
Security and intelligence: US abstains from its own UN motion on Ukraine
Domestic politics: UK and India re-start trade negotiations
The Mighty Stats
FTSE = 8,658.98 (down 0.0045 per cent)
S&P 500 = 5,983.25 (down 0.5 per cent)
Nasdaq = 19,286.93 (down 1.21 per cent)
CAC40 = 8,090.99 (down 0.78 per cent)
£1 = $1.26 / €1.21
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The Mighty Detail
Economics: Eurozone inflation has risen to a six-month high. The latest figures show that inflation reached 2.5 per cent in January. Inflation had hit a three-year low of 1.7 per cent in September but has increased every month since that time.
Business: Apple has said that it is to hire 20,000 more workers in the US over the next four years. The tech company announced the move as part of efforts to protect its operations against new US tariffs on China. Apple produces the majority of its goods in China.
Markets: Shares in food delivery company Just Eat Takeaway increased by over 50 per cent yesterday. It comes after Prosus, a South African technology investment company, offered to buy Just Eat Takeaway for €4.1 billion in an all-cash deal.
Foreign Affairs: The EU has started to ease sanctions on Syria’s energy and transport infrastructure. Oil, gas, electricity and aviation will be the first sectors to benefit. The EU first imposed sanctions on Syria in 2011 after the Syrian Revolution.
Security and intelligence: The US abstained from its own UN resolution on Ukraine yesterday and voted against a separate UN resolution put forward by European nations. The US’s resolution called for an end to the war but failed to mention Russia’s aggression. European countries amended the US’s resolution, however, to reference Russia’s aggression and it passed by 93 votes to 73, with the US abstaining. The Europeans’ separate resolution demanded that Russia immediately withdraw from Ukraine. This passed by 93 votes to 18. The US, Russia, North Korea and Israel were some of the 18 countries which voted against it.
Domestic politics: The UK and India have re-started trade negotiations which could result in a free trade deal and investment treaty. Negotiations had stalled under the previous Conservative Government after it disagreed on increasing visas for Indian citizens and the Indian Government disagreed on opening up its financial and professional services sectors to UK companies.
The Mighty Calendar
What’s happening today?
EU Foreign Ministers meeting, Brussels
UN Security Council debate on the Middle East
UK Environment Secretary address NFU conference
Foreign Office Questions in UK Parliament
UK, Italy, Germany, France new car registrations data (January)
Germany GDP data (Q4 2024)
US house price data (December)
Company results from: Norway’s sovereign wealth fund, ASM International
Lookahead to tomorrow
India public holiday (Mahashivratri – Hindu celebration)
President Trump holds first Cabinet meeting
G20 meeting of Finance Ministers, South Africa
UK Prime Minister travels to Washington DC to meet President Trump on Thursday
Prime Minister’s Questions in UK Parliament
Japan CPI inflation data
France consumer confidence data (February)
US new home sales (January)
Company results from: Nvidia, Heathrow, E.ON, Just Eat Takeaway, eBay, Paramount
The Mighty Finale
🌤️Weather today
Dry in the southeast and northeast, wet in the northwest and southwest of England. High of 11C and low of 2C in London. Mixture of sunshine and showers in Belfast and Edinburgh.
✏️Life coaching quote of the day
“The only person you are destined to become is the person you decide to be.” – Ralph Waldo Emerson
Mighty takeaway: You are in control of your life. The only obstacle that is stopping you living the life you want is you.
That’s it for this Tuesday morning.
Adios!
The Mighty Memo team