Tue, 28th Jan 2025

In this episode of the Weekly Finance News Wrap hosted by Paige Estritori, major global economic activities are reviewed. Central to this week's happenings is the release of an innovative AI model by Chinese tech startup DeepSeek, which jolted global markets and led to drastic declines in major stock indexes, including Nvidia. Also discussed is the fluctuating currency market, with the U.S. dollar weakening and Bitcoin dramatically dropping. The Australian housing market enters a period of uncertainty, with clear signs of possible mortgage stress in Sydney and Melbourne, a plausible shift towards a buyers' market in Brisbane, and a stagnation of value growth in Perth. Commonwealth Bank of Australia warns of financial challenges due to diminishing household expenditure and encourages strategic fiscal planning. In the U.S., expectations about "Trumpflation" in President Donald Trump's second term are brewing. Lastly, Zenith Investment Partners suggests a possible long-term value in bonds.