Chinese stocks led Asia higher while the dollar weakened on news that members of President-elect Donald Trump’s economic team discussed a gradual approach to ramping up tariffs. A dollar gauge fell for the first day in six, with New Zealand’s currency leading gains among the Group-of-10 peers. Shares in China and Hong Kong led gains in the region, with those in Sydney and Taiwan also climbing. US contracts climbed, extending the slight gains seen in the S&P 500 on Monday. The possibility of gradually-implemented US tariffs is stirring a note of optimism, given that Trump’s threats to impose levies of as much as 60% on Chinese goods have loomed over markets in Asia. Such a plan may ease inflation concerns and roll back higher Treasury yields as the Federal Reserve gets room to reduce interest rates. Traders also will monitor US inflation data this week that could provide more clues on the Fed’s rate trajectory. In Japan, the 40-year yield rose to the highest since its debut in 2007 amid a global debt selloff and expectations that the Bank of Japan will raise policy rates in the future. BOJ Deputy Governor Ryozo Himino signaled the possibility of an interest rate hike next week by saying that the board will be discussing it, making it clear that the option is on the table. The yen was little changed despite Himino’s comments, while Japanese stocks dropped as the market reopened after a holiday. The yield on 10-year Treasuries was flat at 4.76%. A Bloomberg gauge of the “Magnificent Seven” megacaps slid 0.4% on Monday. The White House had unveiled sweeping new limits on the sale of advanced AI chips by Nvidia Corp. and its peers, leaving the Trump administration to decide how and whether to implement curbs that have encountered fierce industry opposition. Elsewhere in Asia, China’s top securities regulator said it will work on building a mechanism to stabilize the market, vowing to anchor expectations in 2025 after a disappointing start to the new year. Investors will also be on the watch for a briefing Tuesday afternoon by officials from the central bank and State Administration of Foreign Exchange on financial support for high-quality economic development. Chinese officials are also evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to fend off a controversial ban on the short-video app, Bloomberg reported. The TikTok report “suggests that the Sino-US relationship may not be as bad as previously seen,” Leung said. Meanwhile, Goldman Sachs Group Inc. is expecting the Chinese government to deploy extra monetary and fiscal easing and support for the home market, chief economist Jan Hatzius told Bloomberg Television on Tuesday. He forecasts growth in the world’s second-largest economy to slow to 4.5% this year from what was likely to be around 5% in 2024, in line with consensus. Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and steadfast economy, supporting the Fed’s go-slow approach to further rate cuts. Investors have been dumping stocks as fears grow that price pressures remain stubborn. The consumer price index excluding food and energy is seen rising 0.2% in December after four straight months of 0.3% increases, according to the median projection in a Bloomberg survey of economists. The core CPI, a better snapshot of underlying inflation, is forecast to have risen 3.3% from a year earlier — matching readings from the prior three months. Wednesday’s CPI report will be followed a day later by December retail sales numbers, which are expected to confirm robust spending during the holiday season. Oil fell Tuesday after rallying to the highest level in five months in the previous session. Copper extended this year’s rally on the Trump tariff report. US After Hours KBH +8.1% constructing nice gains on Q4 results; AEHR -11.8% sells off following earnings.
Nikkei -1.83% Hang Seng +1.87% CSI +2.29% Shanghai +2.17% Shenzen +3.65%
Eur$ 1.0218 CNH 7.3474 CNY 7.3306 JPY 157.61 GBP 1.2207 CHF 0.9160 RUB 102.8204 TRY 35.4846 WTI$ 78.45 -0.48% Gold 2,670 +0.25% BTC 95,083 +0.97% ETH 3,169 +1.75%
S&P +0.31% Nasdaq +0.47% EuroStoxx +0.73% FTSE +0.03% Dax +0.53% SMI +0.29%
Macro :
- Trump Team Studies Gradual Tariff Hikes Under Emergency Powers
- LA Wildfires Insurance Cost Estimates Spike to $30 Billion (1)
- EU Reassesses Tech Probes Into Apple, Google and Meta: FT
- Bitcoin Falls to Lowest Since November in Risk-Asset Selloff
- Bitcoin Falls to Lowest Since November in Risk-Asset Selloff
- Sizewell C Nuclear Project Cost Likely to Rise Close to £40b: FT
- Watch French Stocks as Investors Await PM Bayrou’s Policy Speech
- China Mulls Sale of TikTok US to Musk: Morning Briefing Europe
Keep an eye on :
Keep an eye on :
- ANGI US : Barry Diller’s IAC Spins Angi to Holders, CEO Levin to Depart
- APO US : Apollo Said to Weigh Tenneco India IPO at $2 Billion Valuation
- ARJOB SS : Arjo Says CEO Joacim Lindoff Leaves Position
- AZI IM : 'Your husband's being tortured, and it's your fault'
- BAS GY : Clariant Among Those Facing BASF Claim for EU1.4b Damages
- BATS LN : British American Tobacco Holder Reinet Offers 2% Stake,
- BC IM : Brunello Cucinelli FY Revenue Meets Estimates
- CLN SW : Clariant Among Those Facing BASF Claim for EU1.4b Damages
- DORO SS : Xplora Gets Acceptance to Buy About 93.33% of Doro Share Capital
- ENGI FP : Engie Mulls Sale of Italian Retail Assets: Sole
- LLY US : Drugmakers Will Ask Trump to Pause Price Negotiations (Correct)
- GSK LN : GSK CEO Optimistic About Dealmaking, New Trump Administration
- HOME SM : Neinor Says 2% of FY24 Pre-Sales Made by Non-EU Buyers (Jan. 13)
- HON US : Honeywell Is Said to Plan Breakup Under Pressure From Elliott
- IFX GY : Infineon Starts Construction of Thai Plant for Power Modules
- LNZ AV : Lenzing Holder Offers About 1.49m Shares: Terms
- LISN SW : Lindt & Spruengli FY Organic Sales Beats Estimates
- MSTR US : MicroStrategy’s Saylor Calls Bonds ‘Toxic’ in Pitch for Bitcoin
- OCDO LN : Ocado 4Q Retail Sales Beats Estimates
- OMV AV : OMV 4Q Production Meets Estimates
- RLAY US : Relay Rebounds as Barclays Sees Upside on Scorpion’s Lilly Deal
- RNO FP : Renault, Autostrade Sign Italy Fast-Charging Infrastructure Deal
- ROG SW : Roche Has Nearly $11 Billion to Deploy Each Year for Deals (1)
- SBBB SS : SBB CEO Doesn’t See ‘Astronomical’ Costs for New Loans, SvD Says
- SBUX US : Starbucks to Roll Out New Code of Conduct, Require Cafe Users to Be Paying Customers -- WSJ
- SZU GY : Suedzucker 3Q Operating Loss EU33M
- TEMN SW : Temenos Prelim 4Q Non-IFRS Revenue Beats Estimates
- TEMN SW : Temenos Prelim 4Q Non-IFRS Revenue Beats Estimates
- TSLA US : Blue Origin Targets New Glenn Launch Attempt Earliest on Jan. 14
- TFBANK SS : TF Bank Sees SEK103m Profit Effect in 4Q From Rediem Transfer
- TITC BB : Titan Cement’s US Unit Files for IPO, Disclosing Growing Profit