Asian stocks extended their rally to a fresh record as a rebound in US technology shares gathered pace, easing pressure on markets after worries over outsized spending on artificial intelligence. The MSCI Asia Pacific Index rose 1.1%, with tech shares such as SoftBank Group Corp. and Taiwan Semiconductor Manufacturing Ltd. among the gainers. Japan’s Nikkei 225 Index extended its election-fueled rally, advancing 2.5% to an all-time high. The rally faces an early test, with US and European equity-index futures edging lower after the S&P 500 closed near a record on Monday. Elsewhere, the yuan surged to its strongest level since May 2023 after China was said to have asked banks to limit their holdings of US Treasuries. The dollar extended its losses to a third day. Gold fell after two days of gains, as investors took profits in a choppy market that’s still trying to find a floor following a historic rout. The gains in equities signaled easing concerns around the AI trade that came to a head in the past two weeks, lashing software companies and casting a pall over high-spending tech companies. While that plays out, traders are now bracing for key US economic data that may shape expectations for the Federal Reserve’s interest-rate path. If the upcoming US economic data is supportive, even without imminent rate cuts, Asian equities are well positioned to extend gains, Horchani said. Investor focus has increasingly turned to the scale of corporate spending on artificial intelligence. Alphabet Inc. is the latest case, with plans to raise $20 billion through a US dollar bond offering. As other companies known as hyperscalers boost spending too, capital expenditures for the four biggest US tech companies are forecast to reach about $650 billion in 2026, driving a financing boom and a potentially disruptive technology that could completely reshape the global economy. Amid the upbeat mood, MSCI’s gauge for Asian technology shares was poised for a record close on Tuesday. In China, the currency’s strength came as any shift away from US sovereign debt reinforces a broader global trend of diversification away from the dollar. Such a move might accelerate the repatriation of capital into Chinese assets, providing a fundamental tailwind for the yuan. Elsewhere, the yen fluctuated on Tuesday, still trading around 156 following Prime Minister Sanae Takaichi’s historic election triumph during the weekend. Bitcoin slid below $70,000. The focus this week is on a packed run of US economic data, including the two most consequential readings: employment and inflation. The jobs report — due Wednesday — is expected to show payrolls rose 68,000 in January. The unemployment rate is seen steady at 4.4%. The data will also include historical revisions that are anticipated to show a sizable downward adjustment to payrolls in the year through March 2025. In Friday’s consumer price index, economists will look for more evidence that inflation is on a downward trend. Before that, figures on Tuesday are projected to show solid retail sales. Those releases could shape expectations for the Fed’s next move on interest rates. Traders are broadly expecting policymakers to leave rates on hold when they meet next month as they did in January when they voted to keep them at 3.5% to 3.75%. Treasury yields fell on Monday after National Economic Council Director Kevin Hassett said lower US jobs numbers can be expected in the months ahead as population growth slows. US After Hours ICHR +18.1%, CRDO +15.5%, RLGT +9.5%, CMCO +5% higher on earnings/guidance; UPWK -23.5%, PAL -16.6%, AMTM -11.7%, GT -10.8% lower on earnings.
Nikkei +2.28% Hang Seng +0.37% CSI +0.09% Shanghai +0.11% Shenzen +0.08%
Eur$ 1.1907 CNH 6.9081 CNY 6.9113 JPY 155.29 GBP 1.3682 CHF 0.7670 RUB 77.1750 TRY 43.6085 WTI$ 64.22 -0.22% Gold 5,026 -0.63% BTC 69,710 -0.92% ETH 2,068 -2.49%
S&P -0.11% Nasdaq -0.22% EuroStoxx -0.13% FTSE +0.02% Dax -0.10% SMI -0.10%
Macro :
- EU approves €3bn German cleantech aid scheme
- Goldman Expects Wave of South Africa Deals Fueled by Commodities
- Trump’s EPA to Scrap Landmark Emissions Policy in Major Rollback
- Pentagon Warns Major Defense Contractors It Is Reviewing Their Performance -- WSJ
- Quant Manager Qube Grows China Fund 10-Fold to Above $2 Billion
Keep an eye on :
Keep an eye on :
- BABA US : Alibaba Pushes Into Robotics AI With Open-Source ‘RynnBrain’
- AMZN US : Amazon Discusses AI Content Marketplace With Publishers - The Information
- AMS SW : AMS-Osram 1Q Revenue Forecast Misses Estimates
- AAL LN : De Beers likely to be sold to consortium, Anglo chief says - Full Article here
- Anthropic IPO : Anthropic CEO Meeting Senate Banking GOP on Tuesday: Punchbowl
- AML LN : Aston Martin F1 Team Owner Plays Down Hype Before New Season
- AZN LN : AstraZeneca 4Q Core EPS Misses Estimates
- ATEA NO : Atea 4Q Ebitda Misses Estimates
- BARCLN : Barclays 4Q Investment Bank Revenue Beats Estimates
- BAR BB : Barco FY Ebitda Margin Matches Estimates
- BAS GY : EU must reform ‘obsolete’ emissions trading system, warns BASF boss
- BP/ LN : BP 4Q Adjusted Ebit Meets Estimates
- CARLB DC : Carlsberg CFO Sells Shares for DKK1.89 Million
- CO FP : Casino Group to Not Appeal Criminal Sentence
- COHR US : Bain Capital Said to Seek $2.3 Billion in Coherent Block Trade, $237.50-$240 EACH
- CCO US : Mubadala, TWG to Buy Clear Channel at $6.2b Enterprise Value
- CTD AU : Hedge funds finally cash in on their bets against Corporate Travel
- CRDO US : Credo Technology Prelim 3Q Revenue Beats Estimates
- DNLM LN : Dunelm 1H Pretax Profit Meets Estimates
- DWS GY : DWS Taps Deutsche Bank’s Resovac for European Credit Origination
- EOAN GY : Germany Mulls Ending Renewables’ Priority to Target Grid Backlog
- FARN LN : Faron Pharmaceuticals to Raise EUR40 Million via Rights Offering
- YFID SM : Brookfield in Talks to Buy Real Estate Player Fidere: Expansion
- GILD US : Gilead’s New HIV Prevention Drug a Focus for 2026: Preview
- GOOGL US : Alphabet lines up 100-year sterling bond sale - FT
- GUBRA DC : Gubra Starts Venture Division With Zoe Johnson as Unit Head
- IFX GY : Infineon Joins AI Funding Push With Rare Euro Debt Deal
- INW IM : takeover rumor - Betaville
- INW IM : takeover rumor - Betaville
- KER FP : Kering 4Q Gucci Revenue on a Comparable Basis Beats Estimates
- MC FP : LVMH Names New Beauty Boss, Appoints Founder's Son to Executive Committee - WWD full article
- 7261 JP : Mazda Cuts FY Net Sales Forecast, Misses Estimates
- MB IM : Mediobanca 2Q Revenue Meets Estimates
- META US : Instagram is internally testing a new Snapchat rival app
- ML FP : Goodyear 4Q Adjusted EPS Misses Estimates --> -11% in after hours
- MUSTI FH : Musti Group 4Q Net Sales EU140.0M
- NKE US : Nike Braces Converse Staff for Cuts as Sales Head to 15-Year Low
- NOVOB DC : Novo Says It’s Suing Hims to Halt Obesity Drug Copycats
- Odido IPO : Odido Postpones Amsterdam IPO on Investor Reaction, Reuters Says
- ON US : ON Semi Falls as Outlook Delays Hopes For Recovery
- PLTR US : Michael Burry Says Working on Something Regarding Palantir
- PHIA NA : Philips Sees 2026 Adj Ebita Margin 12.5% to 13%, Est. 12.4% (1)
- PHIA NA : Philips Proposes to Re-Appoint Roy Jakobs as CEO
- RECSI NO : REC Silicon to Propose Fully Underwritten NOK973m Rights Issue
- RGNX US : FDA Denies Regenxbio Gene Therapy in Latest Rare Disease Setback
- SALM NO : Salmar 4Q Operating Revenue Misses Estimates
- SIE GY : Siemens CEO: “We are creating the industrial counterpart to ChatGPT” - Manager Magazin
- ENR GY : Germany Stops Siemens Energy Export to Rosatom’s Hungary Project
- STAN LN : StanChart CFO De Giorgi Unexpectedly Resigns to Join Apollo (2)
- SVS LN : CPPIB, Lendlease In talks to Sell London Units to Greystar: FT
- TLX GY : Talanx Prelim 2025 Net Rises 25% to EU2.48b; Confirms 2026 View
- TMV GY : TeamViewer Sees 2026 Adjusted Ebitda Margin About 43%
- TSLA US : Tesla IT Executive Leaves Months After Being Named to Sales Role
- THuLE SS : Thule 4Q Ebit Beats Estimates
- TUI1 GY : TUI 1Q Underlying Ebit Meets Estimates
- UBSG Sw : UBS CEO Ermotti Warns Geopolitical Issues May Hurt Deal Activity
- UPS US : Teamsters Union Sues UPS to Block Buyout Plan for Drivers
- VAR NO : Var Energi Reports 4Q Total Income of $2.24 Billion, Var Energi Sees 2026 Production 390,000 to 410,000 BOE/D
- WHA NA : Wereldhave 2026 EPS Forecast Beats Estimates
- WIHL SS : Wihlborgs FY Rental Income Meets Estimates