Stocks in Asia broadly rose along with Nasdaq 100 futures as Taiwan Semiconductor Manufacturing Co.’s outlook fueled hopes for a global recovery in the sector. Gains in semiconductor stocks drove MSCI Inc.’s Asia Pacific gauge higher for a second day. TSMC jumped more than 6% in Taiwan after its American depository receipts surged almost 10% to close at the highest since February 2022. TSMC, the main supplier of chips to Apple Inc. and Nvidia Corp., sees a return to solid growth this quarter as it moves ahead with plans for plants in Japan, Arizona and Germany amid growth fueled by the boom in artificial intelligence development. Its earnings spurred the biggest rally in chipmakers in more than a month on Thursday and pushed the Nasdaq 100 index to close at an all-time high. Contracts for the tech-heavy Nasdaq 100 and European shares advanced as well. Hong Kong and mainland China equities declined. A measure of Chinese stocks listed in Hong Kong was on course for its worst week in 10 months, as investor sentiment cools further amid disappointing economic data. Treasuries slipped and the dollar was little changed after frenetic repricing earlier in the week of the outlook for Federal Reserve interest-rate policy. Traders now see the prospect of a rate cut in March at little more than a coin toss, down from almost 80% at the end of last week after hawkish Fed commentary and data indicating the American consumer remains resilient. The yen extended its decline to a fresh seven-week low against the dollar on expectation the Bank of Japan will stay on hold next week after Japanese inflation data showed a deceleration in December. Fed Bank of Atlanta President Raphael Bostic urged policymakers to proceed cautiously given the potential impacts of unpredictable events from elections to global conflicts. His Philadelphia counterpart Patrick Harker said he expects inflation to keep ebbing toward the target. The disconnect between the incoming data and the price action continues to present challenges in navigating the US rates market, according to Ian Lyngen and Benjamin Jeffery, rates strategists at BMO Capital Markets. Meanwhile, the S&P 500 has stalled in recent days, sitting less than half a percent below its closing record set two years ago. Goldman Sachs Group Inc. says it’s still biased toward being long risk and short volatility thanks to an expectation of “friendly macro dynamics” this year, but added that some protection may be worth implementing as the market is pricing closely to the firm’s “benign” view. Meanwhile, the S&P 500 has stalled in recent days, sitting less than half a percent below its closing record set two years ago. Goldman Sachs Group Inc. says it’s still biased toward being long risk and short volatility thanks to an expectation of “friendly macro dynamics” this year, but added that some protection may be worth implementing as the market is pricing closely to the firm’s “benign” view. US After Hours IRBT -33.2% falls on WSJ report that EU will block acquisition by AMZN; WEN +1.1% ticks higher as it names former PEP exec as new CEO; SMCI +6.9% higher on guidance.
Nikkei +1.40% Hang Seng -0.83% CSI -0.01% Shanghai -0.33% Shenzen -0.71%
Eur$ 1.0880 CNH 7.2070 CNY 7.1952 JPY 148.60 GBP 1.2679 CHF 0.8686 RUB 89.3895 TRY 30.1936 WTI$ 74.19 +0.15% Gold 2,024 +0.05% BTC 41,520 +1.09% ETH 2,470 +0.66%
S&P +0.07% Nasdaq +0.32% EuroStoxx +0.36% FTSE +0.27% Dax +0.27% SMI +0.24%
Macro :
- Watch Shipping Stocks as Houthis Fire Missiles at US-Owned Ship
- Watch European Miners as Iron Ore Heads for Third Weekly Drop
Keep an eye on :
Keep an eye on :
- ABBN SW : ABB Received US House Committee Letter on Its Links With China
- MT NA : Mexico’s CFE Signs $240M Contract to Supply Gas to ArcelorMittal
- AZA SS : Avanza 4Q Operating Income Beats Estimates
- BAS GY : BASF Earnings Crater as Lower Margins Outweigh Cost Cuts
- BAS GY : BASF Earnings Crater as Lower Margins Outweigh Cost Cuts
- ENT LN : *TOM BRADY SET TO STAR IN BETMGM’S FIRST-EVER SUPER BOWL AD
- ENI IM : Eni Signs Strategic Deals With Kazakh Companies: Statement
- EQT SS : EQT Eyes Further Expansion in Asia, Americas Via Acquisitions
- 1992 HK : Lacoste Owner Interested in Club Med Stake, Les Echos Reports
- 1992 HK : Lacoste Owner Interested in Club Med Stake, Les Echos Reports
- GLEN LN : Glencore, Trafigura Seek Spot Price for Copper Sales: Reuters
- GVOLT PL : Greenvolt Says KKR’s Offer Price Is Fair
- IRBT US : iRobot Sinks 47% on Report EU Commission Intends to Block Deal
- TKWY NA : Just Eat to Stop Employing Couriers Via Scoober Model in Paris
- MC FP : LVMH Names Michael Burke Chairman, CEO of LVMH Fashion Group
- PEABB SS : Peab Prelim FY Dividend per Share Misses Estimates
- POM FP : Plastic Omnium Names Olivier Dabi as CFO
- QFUEL NO : Quantafuel Holder Expected to Resolve Compulsory Acquisition
- RWE GY : RWE Clean Energy Names Andrew Flanagan CEO
- SFSN SW : SFS FY Sales Misses Estimates
- TIT IM : Telecom Italia Plans to Cut Number of Directors to 9 From 15
- TEMN SW : Temenos Prelim 4Q Non-IFRS Ebit Beats Estimates
- UBSG SW : UBS to Sell Credit Suisse Distressed Debt Business Piecemeal
- FR FP : Valeo Job Cuts Point to Challenging Autos Market Ahead: React
- VWS DC : Wind Power Capacity in Greece Rises 11.6% in 2023 to 5,226 MW
- WITH FH : WithSecure Sees Cloud Recurring Revenue Growth Below Outlook