Bonds gained and equities steadied after benign US inflation data reinforced expectations that the Federal Reserve will cut interest rates this year, helping calm markets unsettled by concerns over AI disruption. Gold slipped. Government bonds rose in Australia and New Zealand, and Treasury futures were steady as traders continued to fully price in a Fed cut in July and a strong likelihood of a move in June. US inflation data lifted Treasuries on Friday, with the 10-year and the policy-sensitive two-year yields dropping five basis points. Asian equities were flat with the MSCI Asia Pacific Index hovering near its record high levels after gaining about 11% this year. Equity-index futures indicated a modest gain for European stocks. The moves opened a week marked by Lunar New Year holidays, with mainland China closed throughout. There will also be no cash trading in Treasuries on Monday as the US observes Presidents’ Day holiday. The trading signaled a measure of stability after the S&P 500 notched two consecutive weekly declines driven by uncertainty over the disruptive impact of AI on businesses. Some of that pressure eased after data on Friday showed the US consumer price index rose 0.2% in January, the smallest gain since July, and traders priced in higher chances the Fed will ease. That backdrop is raising the focus on reports such as ADP private payrolls data Tuesday and the minutes from the Fed’s January meeting on Wednesday for a fresh read on the economy and how policymakers are assessing the balance between employment and inflation, after pausing their easing cycle last month. Fed Bank of Chicago President Austan Goolsbee said the central bank can cut rates further if inflation is on track to reach its 2% target, but that’s not currently the case. Following the moves in Treasuries on Friday, yields on 10-year government bonds in Australia fell four basis points to 4.70%, while yields of similar maturity in New Zealand edged lower to 4.44%. Elsewhere, precious metals — assets that have rallied alongside stocks this year — slipped. Gold dipped below $5,000 an ounce, as traders booked profits from a gain in the previous session, spurred by mild US inflation data. The dollar was steady, while Bitcoin traded around $68,600 after swinging over the weekend. Oil was little changed as traders monitored geopolitical risk before talks between the US and Iran are expected to resume on Tuesday. Silver fell as much as 3.6%. With markets in China closed this week, liquidity is thinner than usual. Demand for precious metals in the country has been frenetic in recent months, prompting authorities in the retail hub of Shenzhen to issue a stark warning against “illegal gold-trading activities,” ranging from apps offering leverage to retail investors to online live streams promoting bullion sales. Also, the yen weakened 0.2% against the dollar, while Japanese bond futures edged higher as slower-than-expected economic growth damped bets on Bank of Japan rate hikes. Meanwhile, shares of Alibaba Group Holding Ltd. dipped 0.5% in Hong Kong after the US added the tech firm to a list of companies that aid the Chinese military — before withdrawing the update minutes later without explanation. In India, the central bank tightened rules for loans taken by firms that undertake proprietary trading in shares and commodities and offer leverage to clients, the latest measure aimed at reducing speculative market activity in the South Asian nation.
Nikkei -0.24% Hang Seng +0.52% CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.1862 CNH 6.8894 CNY 6.9048 JPY 153.23 GBP 1.3636 CHF 0.7688 RUB 76.8345 TRY 43.7144 WTI$ 62.90 +0.02% Gold 4;986 -1.11% BTC 68,311 -0.74% ETH 1,955 -0.15%
S&P +0.18% Nasdaq +0.08% EuroStoxx +0.08% FTSE +0.15% Dax +0.16% SMI -0.07%
Macro :
- Carry Trade, Commodities Make EM Currencies More Stable Than G-7
- Emerging Market Assets Edge Higher as Offshore Yuan Strengthens
- Solar is now the dominant source of new U.S. power capacity - X
- Solar is now the dominant source of new U.S. power capacity - X
- AI Risk Is Dominating Conference Calls as Investors Dump Stocks
- Companies Are Replacing CEOs in Record Numbers -- and They're Getting Younger -- WSJ
- Japanese Stocks Fall on Profit-Taking After Post-Election Rally
- January's Gains Endure as High Supply Tempers February U.K. House-Price Growth, Rightmove Says
Keep an eye on :
Keep an eye on :
- AKRBP NO : Aker Solutions Awarded ‘Major’ Frame Agreement by Aker BP
- BABA US : Alibaba Leads Tech Slide After Pentagon Briefly Shows Blacklist
- AMZN US : Amazon Mired in Longest Losing Streak Since 2006 on Capex Angst
- AMZN US : *AMAZON-BACKED NUCLEAR COMPANY GETS US APPROVAL FOR REACTOR FUEL
- ANTIN FP : Antin Enters Exclusive Talks To Buy Belambra From Caravelle
- AVOL SW : Duty-free group Avolta bets on Michelin-starred chefs and magic tricks - FT
- ABX CN : Mali Renews Barrick’s Loulo Mine License for 10 Years
- BAC US : Bank of America Lifts Moynihan’s Pay 17% to $41 Million for 2025
- BMY US : Bristol Myers Treatment Granted Orphan Drug Status by FDA
- CBRE US : CBRE, Peers Likely AI Beneficiaries, Than Victims: William Blair
- ACA FP : ECB Imposes Periodic Penalty Payments on Credit Agricole
- CRSP US : Crispr Therapeutics Gains as Casgevy Sales Impress
- BN FP : Nestle, Danone Cited in France’s Widening Infant Formula Probe
- ESLT IT : India agrees arms deals with Israel worth $8.6b - Globes
- EGLA IM : EMS, FountainVest Terminate Deal Over Eurogroup Laminations
- ENX FP : Euronext CEO Sees Need for Stock Exchange Consolidation: FAZ
- GOOGL US : Elon Musk Says Tesla Will Have 'Largest Fleet' Of Autonomous Vehicles As Far Into The Future As He Can Imagine
- HLAG GY : Hapag-Lloyd in Talks to Buy Israel’s Zim Integrated Shipping
- HUM U : Humana Buys Clinic Operator MaxHealth From Arsenal Capital
- IP IM : Interpump Shares Sink After Results, Guidance Miss Estimates
- ITX GY : UniEuroAktien Adds Inditex, Exits Technip Energies
- IRON US : Rare Malady Drug Goes From FDA Priority to Reject in Four Months
- FII FP : Peugeot Invest Sells Rest of Lisi Stake for €116M
- MICC NA : Magnum Ice Cream to Make 26% Open Offer for Kwality Wall’s India
- META US : Meta Plans to Add Facial Recognition Technology to Its Smart Glasses
- Midas Auto Repair IPO : Midas Auto Repair Brand Owner Mavis Tire Is Said to Weigh US IPO
- Moloco IPO : Ad Platform Moloco Said to Pick Goldman Sachs, JPMorgan for IPO
- MRW LN : UK’s Morrisons to Sell Dozens of Pharmacies, Telegraph Says
- NESN SW : Nestle, Danone Cited in France’s Widening Infant Formula Probe
- NHY NO : 2 Downgrades today from GSt o Sell & from RBC to Sector Perform
- NOVOB DC : How Ozempic Brought a Napster Moment to Big Pharma - WSJ
- OCUL US : Ocular Therapeutix to Release Topline Data for Macular Degeneration Treatment +23%
- ORSTED DC : US offshore wind farms try to withstand the force of Trump’s wrath - FT
- PEUG FP : Peugeot Invest Sells Rest of Lisi Stake for €116M
- PINE LN : Apax Partners Withdraws Possible Cash Offer For Pinewood Tech
- PIRC LN : SABIC to Supply Raw Materials of Tires for PIF, Pirelli JV
- RATOB SS : Ratos 4Q Cash and Cash Equivalents Misses Estimates
- RATOB SS : Ratos Sells Expin Group Units To Railway Contractor Baneservice
- RHM GY : Germany vows more defence tech funding after backlash over tanks - FT
- RIO LN : Rio Tinto Reports Death of Contractor at Guinea Mine
- ROG SW : Roche’s Gazyva Met Primary Endpoint In Nephropathy Trial
- ROS AV : Texas AG Probes Firetruck Makers for Anticompetitive Practices
- SAF FP : Safran Plans $333m Landing Gears Plant in Morocco: MAP
- SAN FP : Sanofi Says Beyfortus Study in Lancet Shows Benefit for Infants
- SMHN GY : Suss Microtec Concludes €115m Syndicated Loan Agreement
- SSE LN : Fitch Maintains SSE's Ratings on Improved Earnings Visibility
- TE FP : UniEuroAktien Adds Inditex, Exits Technip Energies
- TSLA US : Tesla Expands AI Chip Design Efforts To South Korea, Actively Recruits Engineers
- TSLA US : Elon Musk Says Tesla Will Have 'Largest Fleet' Of Autonomous Vehicles As Far Into The Future As He Can Imagine
- VLO US : Valero to Import up to 6.5m Barrels of Venezuelan Crude: Rtrs
- VLO US : Valero to Import up to 6.5m Barrels of Venezuelan Crude: Rtrs
- VLA FP : Valneva to Continue Monitoring Chikungunya Vaccine Safety Data
- VOW GY : VW Faces Dieselgate Trial in Paris Over Alleged Deceit, AFP Says
- VOW GY : VW Plans to Cut Costs by 20% by the End of 2028: Manager Magazin
- WBD US : Warner Bros. Weighs Reopening Sale Negotiations With Paramount
- ZIM US : Hapag-Lloyd in Talks to Buy Israel’s Zim Integrated Shipping