Hala,
TikTok’s back in the game in the U.S. after Trump’s executive order steps in to save the day! 🇺🇸📱 Millions can breathe a sigh of relief, knowing their dance moves and lip-syncs won’t be banned — at least for now.(1) 😅🎶
amana’s Take
- The new U.S. administration is due to start on Monday, January 20, but it’s already shaking up global trade, and markets are feeling the heat. Anticipated tariffs have traders buzzing about a fresh round of trade wars, with China and the Eurozone in the crosshairs. Meanwhile, the dollar is flexing its muscles, climbing against major currencies, including those of the U.S.’s closest trade partners. It’s a good time to be holding greenbacks — but not if you’re an exporter.
- The UK is taking a page from the U.S. playbook, aligning its banking regulations with American norms. This could signal a shift in global financial standards — or just another chapter in regulatory whiplash. For banks and investors, it’s a “watch-this-space” moment as the ripple effects on cross-border finance come into focus.
- In a bold break from global monetary easing, Japan’s central bank is hiking rates to stabilize the yen, which has been sliding like it’s on a ski slope. While this aims to cool inflation driven by import dependency, it’s a risky play in a world leaning toward lower rates. Investors betting on Japanese assets better fasten their seatbelts; turbulence is all but guaranteed.
Stock Market Update
🚀📈 U.S. stocks soared on Friday, grabbing their first 2025 weekly win as inflation cooled, as indicated by softer-than-expected CPI and PPI reports. The Dow climbed 0.78% to 43,487.83, the S&P 500 added 1% to 5,996.66, and the Nasdaq 100 rose 1.66% to 21,441.15.(2) Now, that’s how you kick off the weekend in style! 🥳🎉
↗️↘️ Meanwhile, Gulf markets were mixedd, fueled by U.S. manufacturing gains and President-elect Donald Trump’s tariff jitters. Saudi added 0.6% to 12,332, while Qatar stayed chill at 10,472.(3) 📊💆
🚀💸 $Trump’s Rocket to the Moon!
Hold on tight! As U.S. President-elect Donald Trump prepares to take office on Monday, he announced and launched his own new meme coin, $Trump, which is blasting off faster than a rocket to the moon — leaving dollar bills in its fiery wake. During the weekend, the cryptocurrency’s market capitalization shot up to $12 billion in market value, according to Reuters, proving once again that Trump knows how to make a splash, even in the digital space.(4) If this launch was a space mission, it would be “Houston, we have a profitable problem!” 🚀💵
💰🌐 Coin Highlights & Hype:
- Launch Success: $Trump Coin zooms to a $11.7 billion valuation at 0820 GMT on Monday.
- Crypto Chaos: A meme coin without intrinsic value but loads of hype and definitely volatile.
- Trump’s Play: According to the BBC, CIC Digital LLC and Fight Fight Fight LLC hold 80% of the tokens — Trump’s got the goldmine. 🏆💥
- Token Numbers: 200 million tokens released, with 800 million more coming soon. Watch out, it’s an endless supply of dollars! 💸🚀
🎉💥 The Memecoin Mania
Just hours before his inauguration, Trump launches $Trump, claiming it’s all about “WINNING!” While his critics call it a cash grab, Trump’s meme coin is already becoming the talk of the digital town (According to Reuters, its 24-hour trading volume reached $52.5 billion). As the coin’s value soars, one thing’s clear: $Trump may not have any real backing, but its “winning” attitude has taken the crypto world by storm. Oh, and shhh… 🤫 It’s coming to amana.app soon, so you’ll be able to trade and/or invest in it. Watch this space! 🌬️🔥
Closer to Home
- 🚀 According to Moody’s Ratings, MENA’s economy is shifting to higher gears — growth is set to accelerate to 2.9% in 2025, up from 2.1% in 2024, as oil production cuts ease.(5) Seems like the region’s hitting the gas. ⚡
- 🏢 Dubai’s DMCC reveals plans for a 17-story Crypto Tower in Jumeirah Lakes Towers (JLT), expanding its blockchain, DeFi, and Web3 ecosystem and solidifying its status as a global innovation hub.(6) Talk about reaching new heights! 🌐
- 🏦 Dubai Islamic Bank, UAE’s largest Shariah-compliant lender, ups its stake in Turkey’s T.O.M Group to 25% from 20%, diving deeper into Turkey’s digital banking world.(7) DIB’s playing to win. 💸
What Else Is Trending
- 📈 The IMF raised U.K.’s growth forecast to 1.6% from 1.5% for 2025 but also warned that President-elect Trump’s economic plans could throw a wrench in the works. Stay tuned for the plot twist!(8) 🔧
- 🛢️Meanwhile, oil prices slipped — Brent down 0.6% to $80.79, WTI off 1% at $77.88 — but notched weekly gains of 1.3% and 1.7%, respectively. U.S. sanctions on Russia and supply worries keep the oil rollercoaster in motion.(9) 🎢
- ✨ Lastly, spot gold hovered near a 5-week high on Friday, set for a third weekly gain, even as it eased 0.1% to $2,709.49. Softer-than-expected U.S. inflation data kept rate-cut hopes gleaming.(10) 💰
💬Quote of the Day
“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!” — Donald Trump, 47th president of the U.S.
Build your plan: https://amana.app/campaigns/amanainvest
Sources:(1) NBC News, (2) CNBC, (3) (4) (9) Reuters, (8) BBC, (5) (6) (7) (10) Zawya
