Shares were mixed in Asia as investors positioned for US inflation data after a drop in wage-growth expectations eased some of the concern over rising prices. A gauge of the region’s equities was on course to snap a two-day losing streak, with Japanese and South Korean stocks rising while those in Hong Kong and mainland China swung between gains and losses. Shares of cryptocurrency-related companies were also mixed in Asia as US financial regulators take an increasingly aggressive posture to the industry. Futures for the S&P 500 and tech-heavy Nasdaq 100 slipped after the indexes added more than 1% on Monday, when a survey showed Americans drastically reduced their expectations for household income growth amid tighter monetary policy. The yen held a small advance after the government officially nominated Kazuo Ueda as the next Bank of Japan governor. Bets have increased recently that the BOJ’s yield-curve control and negative-rate policies may be abolished soon under Ueda’s leadership. Futures on 10-year bonds moved higher while the benchmark debt targeted by the BOJ was untraded Tuesday. Earlier, data showed Japan’s economy returned to growth in the three months through December, while consumption recovered, business spending contracted and inventories dragged down on the economy. US inflation probably accelerated in January to 0.5% from December’s 0.1%, while slowing year on year to 6.2% from 6.5%, according to estimates compiled by Bloomberg. Oil prices, a key inflation component, fell on a report that the Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve. Gold rose. US After Hours PLTR +17.8% following Q4 earnings, KULR +7.8% on upbeat Q4 guidance; AMKR -4%, SEDG -3.9%, MEDP -2.1%, CLF -1.8%, FE -1.6% on earnings.
Nikkei +0.64% Hang Seng -0.16% CSI -0.06% Shanghai +0.22% Shenzen -0.14%
Eur$ 1.0738 CNH 6.8215 CNY 6.8151 JPY 131.88 GBP 1.2144 CHF 0.9180 RUB 73.7478 TRY 18.8459 WTI$ 79.23 -1.14% Gold 1,859 +0.30% BTC 21,720 +0.41% ETH 1,500 +0.91%
S&P -0.05% Nasdaq -0.08% EuroStoxx -0.05% FTSE +0.15% Dax -0.10% SMI +0.07%
Macro :
- Citigroup Strategists Say Bullish Equity Momentum Is Diminishing
Keep an eye on :
- AIR FP : Boeing Sees India Needing 2,210 New Planes Over Next 20 Years
- AIRX NO : Airthings Offering of 23.4m Shares Prices at NOK3.20/Share
- BSLN SW : Basilea 2023 Operating Income Forecast Beats Estimates
- BEN FP : Beneteau FY Revenue Beats Estimates
- BETSB SS : Betsson 4Q Revenue Beats Estimates
- GBF GY : Bilfinger FY Adjusted Ebita Beats Estimates
- BOL SS : Boliden 4Q Adjusted Operating Profit Misses Estimates
- BRAV SS : Bravida 4Q Net Sales Beats Estimates
- BNR GY : Activist Investor Engine Capital Calls On Brenntag to Split Up
- CEC GY : Ceconomy 1Q Adjusted Ebit Misses Estimates
- CSGN SW : Credit Suisse Suspends Mexico Brokerage House Operation: Reforma
- DHER GY : Delivery Hero to Issue ~EU1B Convertible Bonds
- DIA IM : Cytek Biosciences to Acquire FCI Business Unit From DiaSorin
- ERA FP : France Grants EU40m Loan to Eramet’s Troubled Nickel Unit
- FIS US : Fidelity National Raised at Morgan Stanley on M&A, Valuation
- GRE SM : Grenergy Buys Remaining 60% Stake in US Developer Sofos Harbert
- KESKOB FH : Kesko Jan. Sales From Continuing Operations EU901.8M
- ML FP : Michelin Remains Cautious on Outlook as Inflation Bites
- MMT FP : M6 FY Ebita Beats Estimates
- MMT FP : M6 Group to Name a New Executive Board
- MMT FP : CMA CGM’s Saadé Joins M6 Supervisory Board (Feb. 13)
- NEM GY : Nemetschek FY Ebitda Margin Misses Estimates
- NOEJ GY : Norma 4Q Adjusted Ebit Beats Estimates
- NOEJ GY : Germany’s Norma Is Said to Reject Buyout Offers in Recent Months
- NHY NO : Norsk Hydro 4Q Adjusted Ebitda Misses Estimates
- OCI NA : OCI FY Adjusted Ebitda Misses Estimates
- ORK NO : Orkla 4Q Adjusted Ebit Misses Estimates
- POS AV : Porr Gets Another Buy as Berenberg Sees Profitability Expansion
- PFV GY : Pfeiffer Vacuum Prelim FY Sales Beats Estimates
- RAND NA : Randstad 4Q Organic Revenue Beats Estimates
- RAND NA : Randstad Nominates Jorge Vazquez as CFO
- ROTH FP : Rothschild & Co FY Net Income Beats Estimates
- ROTH FP : Rothschild & Co FY Net Income Beats Estimates
- ROTH FP : Concordia Confirms Offer to Buy Rothschild & Co For €48/Shr
- SGL GY : SGL Carbon Says Klatten Resigns as Supervisory Board Chairwoman
- TFI FP : TF1 FY Current Operating Income Meets Estimates
- TKA GY : Thyssenkrupp 1Q Adjusted Ebit Beats Estimates
- TUI1 GY : Travel Giant TUI Sees Summer Bookings Ahead of 2019 Levels
- TWEKA NA : TKH Signs €625M Multi-Currency Committed Credit Facility
- ULVR LN : Unilever Says it is Still Best to Continue Operating in Russia
- VPLAYB SS : Viaplay 4Q Ebit Loss SEK294M, Est. Loss SEK167.1M
- VOD LN : Liberty Global Buys 4.92% Stake in Vodafone Group
- VOLVB SS : Volvo Approved to Trial Electric Heavy Vehicles in Australia
- VOW GY : VW and BMW Battery Maker Could Reap Billions From Biden EV Bill
- WIHLL SS : Wihlborgs FY Net Income Beats Estimates
- VOW GY : Avis Budget 4Q Adjusted EPS Beats Estimates
- ZV IM : Zignago Vetro Raised to Buy at Stifel; PT 20 euros
- FHZN SW : Zurich Airport Jan. Passenger Traffic +92.5%