Asian equities and US stock index futures fell while the dollar and gold rallied in a sign of investor caution after President Donald Trump outlined tariffs on US imports of steel and aluminum. A gauge of Asian equities dropped, weighed down by selling pressure for shares in Hong Kong and mainland China. Japanese markets are closed. Contracts for the S&P 500 and Nasdaq 100 both declined as did those for the region-wide Euro Stoxx 50. Demand for haven assets pushed an index of the dollar higher for a third consecutive session. Gold rose above $2,940 briefly to set a new high. The moves are the latest sign investors are struggling to distinguish threat from action within Trump’s tariffs, while also gauging the potential flow-on effects for global trade, corporate earnings and inflation. While tariffs on China have gone into effect, uncertainty over more levies have sparked fresh concerns retaliatory measures will intensify a global trade war. Trump set tariffs on steel and aluminum shipments from all countries, including major suppliers Mexico and Canada, from March 12, but said he would consider an exemption for Australia. The president earlier said he would announce reciprocal tariffs this week on countries that tax US imports. Aside from the global trade picture, investors will also be focused on this week’s key inflation data and Fed Chair Jerome Powell’s testimony before Congress. Expected inflation rates over the next year and three years ahead were both unchanged in January at 3%, according to results of the New York Fed’s Survey of Consumer Expectations published Monday. Elsewhere, the Indian rupee strengthened as much as 1% against the US dollar. The yen was little changed, while the pound weakened. The whipsawing trade in Chinese equities follows a rally this year helped along by fresh demand for technology stocks that has lifted a gauge of Hong Kong tech companies around 17% this year. Treasuries weren’t trading during Asian hours due to a holiday in Japan. Oil advanced from near its lowest levels this year as shrinking Russian production eased concerns over a glut. The resilience of stocks in the face of tariffs may invite further trade escalations, making equity pullbacks likely, according to Deutsche Bank AG strategists including Binky Chadha. They noted these pullbacks require the same playbook as for geopolitical shocks, which have historically seen sharp but short-lived selloffs, with equities typically bottoming even as the event continues and recouping losses before any de-escalation. In such scenarios, equities would typically weaken 6%-8%, moving lower for three weeks before gaining strength for three weeks. US After Hours LSCC +10.8% up on earnings, SLQT +34.2% soaring on strategic investment; FLNC -37.7% and HLIT -32.6% plunge following quarterly results.
Nikkei Closed Hang Seng -0.61% CSI -0.57% Shanghai -0.23% Shenzen -0.56%
Eur$ 1.0304 CNH 7.3100 CNY 7.3077 JPY 151.95 GBP 1.2363 CHF 0.9916 RUB 96.3751 TRY 36.0307 WTI$ 72.65 +0.46% Gold 2,924 +0.54% BTC 98;452 +1.08% ETH 2,720 +2.11%
S&P -0.26% Nasdaq -0.33%% EuroStoxx -0.09%% FTSE -0.13% Dax -0.13% SMI +0.05%
Macro :
- BC Partners Said to Seek Up to €6 Billion for New Flagship Fund
- Trump Says Tariffs on Metals Could Go Higher
- Trump’s 10% Tariff Makes Chinese Batteries Less Attractive: BNEF
- US-EU Talks Can Soften Blow of Tariffs, ECB’s Kazaks Says
Keep an eye on :
Keep an eye on :
- AKSO NO : Aker Solutions 4Q Adjusted EPS Matches Estimates
- BABA US : Billionaire Investor Tepper Boosted China Bet Before Rally
- AMS SW : *Ams-Osram Sees 1Q Adjusted Ebitda Margin of 16%, Plus or Minus 1.5 Percentage Points
- AAD GY : Amadeus Fire Prelim FY Operating Ebita EU55.5M
- ANIM IM : Poste Italiane to Accept BPM Bid for Anima If Offer Price Rises
- BAR BB : Barco FY Ebitda Margin Beats Estimates
- BFF IM : BFF Bank Sees 2026 Adj Net EU240M, Saw EU255M to EU265M
- BEN FP : Beneteau FY Revenue Beats Estimates
- BP/ LN : BP 4Q Adjusted Ebit Beats Estimates
- BRAV SS ; Bravida FY Dividend per Share Beats Estimates
- BP/ LN : Kosmos Rises as Partner BP Produces First LNG at Project
- BP/ LN : Elliott’s Activism Success Gives Hope for BP’s Depressed Shares
- CTM SS : Catena Media 4Q Total Revenue EU10.2M Vs. EU14.5M Y/y
- CEC GY : Ceconomy 1Q Adjusted Ebit Meets Estimates
- COTY US : Coty Shares Slide on Tempered Annual Profit Outlook
- CYTK US : Novartis to Buy Anthos Therapeutics for $925m Upfront
- DOKA SW : Dormakaba Says CFO Johansson Has Died After Long Illness
- DSFIR NA : Novonesis Buys DSM-Firmenich’s FEA Stake for €1.5b: M&A Snapshot
- DNLM SS : Dunelm 1H Pretax Profit Misses Estimates
- DD US : DuPont Climbs Before Results With Spinoff in Focus: Preview
- EDF FP : EDF to Tender Six Sites for Data-Center Construction in France
- EMSN SW : EMS-Chemie Gains as Baader Sees Outperformance, Demand Recovery
- ENDUR NO : Endur Offering of 4.86m Shares Prices at NOK72/Share
- ENGI FP : Engie Halves Stake in Moroccan Coal-Fired Power Plant to 15.7%
- ENX FP : Euronext Jan. Total Cash Market Transaction Value M/M +24%
- FTK GY :
- FORTUM FH : Fortum 4Q Adjusted Operating Profit Misses Estimates
- G IM : Mediobanca Will Likely Present List for Generali Board, CEO Says
- HESM US : Hess Midstream Holder Blackrock Offers 10m Shares
- ILTY IM : Illimity Bank 4Q Operating Income EU112.8M Vs. EU77.0M Y/y
- INCY US : Incyte Shares Slump After Baker Bros. Files to Sell Stock
- IPCO SS : IPC Sees 2025 Net Average Production 43,000 to 45,000 BOE/D
- KEMIRA FH : Kemira FY Dividend per Share Beats Estimates
- KER FP : Kering 4Q Gucci Revenue on a Comparable Basis Misses Estimates, *KERING 4Q GUCCI COMP REV. -24%, EST. -22%
- LAND SW : Landis+Gyr to Discontinue EV Charging Business, Cuts Guidance
- LHA GY : Brussels Airport Cancels All Departing Passenger Flights Thurs.
- MAERSKB DC : Maersk Briefly Suspends Hutchinson Port Operations Due to Strike
- NOVN SW : Novartis to Buy Anthos Therapeutics for $925m Upfront
- MB IM : Mediobanca 2Q Net Income Beats Estimates, Raises ‘26 Guidance
- MB IM : Mediobanca 2Q Net Income Beats Estimates, Raises ‘26 Guidance
- MB IM : Mediobanca Will Likely Present List for Generali Board, CEO Says
- MBG GY : Mercedes-Benz to Sell Argentina Plant to Local Investors: LN
- MRK GY : Merck KGaA Confirms Talks With Springworks Therapeutics
- ML FP : Michelin Mulls Accelerating US Investments on Tariff Threat: FT
- MC US : Moelis Approves Retention Grant Equal to $25m for CEO Ken Moelis
- MUSTI FH : Musti Group 1Q Net Sales EU122.2M Vs. EU115.7M Y/y
- NSISB DC : Novonesis to Buy DSM-Firmenich’s Stake in FEA for €1.5b
- PEAN SW : Peach Property Preliminary 2024 Rental Income Around EU124m
- PSX US : Elliott Builds More Than $2.5 Billion Stake in Phillips 66 (2)
- Plaid IPO : Fintech Startup Plaid Said to Tap Goldman Sachs for Share Sale
- RNO FP : Nikkei Asia: Nissan is expected to report net loss for current term, analysts say https://t.co/BDxkBc7TUV
- SPM IM : Saipem Signs New Three-Year €600M Revolving Credit Line
- SANOMA FH : Sanoma Sees 2025 Rev. EU1.28B to EU1.33B, Est. EU1.33B
- SGSN SW : SGS FY Adjusted Operating Income Beats Estimates
- 9984 JP : SoftBank’s Stargate Plans in Focus While Losses Persist: Preview
- STERV FH : Stora Enso 4Q Adjusted Ebitda Beats Estimates
- SWTX US : Merck KGaA Confirms Talks With Springworks Therapeutics
- TLGO SM : Spanish Government May Support PFR’s Entry in Talgo: Cinco Dias
- TSLA US : Tesla’s Shanghai Battery Megafactory Starts Production Tuesday
- Trackunit : Goldman’s Takeover of Trackunit Valued at DKK10b, Borsen Says
- UCG IM : UniCredit 4Q Net Income Beats, to Distribute €9b for FY24
- UCG IM : Del Vecchio’s Delfin Mulls Sale of UniCredit Stake: Corriere
- UCG IM : UniCredit Says Potential BPM, Commerzbank M&A Won’t Overlap
- UNI IM : Unipol to Sell Package of Una Hotels Assets for About €1B: Sole
- VAR NO : Var Energi Sees 2025 Production 330,000 to 360,000 BOE/D
- VBX GY : Martin Hartmann Appointed as New CEO and Florian Seitz as CFO of Voltabox - Patrick Zabel to Leave the Management, Voltabox Sets Course for Long-Term Stability with New Management Board and Fresh Capital, Laying the Foundation for
- WHA GY : Wereldhave 2025 EPS Forecast Misses Estimates
- WIHL SS : Wihlborgs FY Dividend per Share Beats Estimates, Wihlborgs FY Rental Income Meets Estimates