The yen weakened after the Bank of Japan brought an end to the world’s last negative interest rate policy but in a way that kept financial conditions easy and data dependent. Japan’s central bank set a new policy rate range of between 0% to 0.1% and scrapped its yield curve control program while pledging to keep buying long-term government debt. The nation’s sovereign bonds gained, while its Topix index of shares rose 1.1% to close at the highest level since 1990. Treasuries were little changed on the news, while the dollar extended gains against global peers. A gauge tracking Asia’s equity benchmarks remained subdued, dragged down by losses of more than 1% each in Hong Kong’s technology shares and South Korean equities. Meanwhile, contracts for European and US shares ticked lower. That followed Monday’s rebound on Wall Street ahead of a raft of other central-bank decisions this week from the US to the UK. The S&P 500 halted a three-day slide, the Nasdaq 100 rose 1% and a gauge of the “Magnificent Seven” tech megacaps climbed twice as much. Elsewhere, the Australian dollar was set for the weakest level in about two weeks, while the nation’s stocks rose for a second day after the Reserve Bank of Australia held policy rates at a 12-year high. Back in the US, Wall Street is gearing up for more insights on the Federal Reserve’s resolve to ease as central banks set policy for almost half the global economy. The week features the world’s biggest agglomeration of decisions for 2024 to date, including judgments on the cost of borrowing for six of the 10 most-traded currencies. Investors will also be keenly focused on the US central bank’s projections — the dot plot — to gauge how many rate cuts policymakers are expecting to deliver this year. In other markets, oil held a gain with the impact of Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts in focus. Gold traded steady after rising in its previous session. US After Hours DRQ +7.4% on M&A news; DLO -10.8% sinking on Q4 results; BYND -5.8% following mixed shelf offering; NVDA -0.5% down modestly after a string of announcements.
Nikkei +0.66% Hang Seng -1.29% CSI -0.55% Shanghai -0.58% Shenzen -0.17%
Eur$ 1.0870 CNH 7.2089 CNY 7.1993 JPY 150.29 GBP 1.2711 CHF 0.8889 RUB 91.7200 TRY 32.3326 WTI$ 82.54 -0.22% Gold 2,155.87 -0.21% BTC 64,995 -3.50% ETH 3,377 -3.74%
S&P -0.12% Nasdaq -0.23% EuroStoxx -0.26% FTSE -0.30% Dax -0.25% SMI -0.24%
Macro :
- Goldman Strategists Say Buy Dip in Stocks in Case of Pullback
- Former Millennium Money Manager’s Hedge Fund Hires Weiss Trader
- Former Millennium Money Manager’s Hedge Fund Hires Weiss Trader
- Bitcoin Retreats as Grayscale ETF Posts Biggest Daily Outflow
Keep an eye on :
Keep an eye on :
- ADP FP : ADP Feb. Passenger Traffic +13.5%
- AAD GY : Amadeus Fire Sees 2024 Operating Ebita EU74M to EU80M
- ASML NA : ASML EUV Tool Sales Could Expand on Nvidia New GPU Chips: React
- BCP PL : Fosun Open to Selling Remaining Stake in Portugal’s BCP: ReutersILM
- BCP PL : Fosun Open to Selling Remaining Stake in Portugal’s BCP: ReutersILM
- ILM1 GY : Medios to Acquire Ceban for About €259m in Cash, Stock
- DBK GY : BaFin Fines Deutsche Bank €50,000 Over 2023 IT Security Incident
- DEZ GY : Deutz Sees 2024 Revenue EU1.9B to EU2.1B, Est. EU2.07B
- Douglas IPO : CVC’s Beauty Chain Douglas Cuts Top End of IPO Price Range
- FGR FP : Vinci, Eiffage Challenge New French Tax on Their Business: Echos
- EURN BB : CMB Secures 80% of Euronav in Takeover Bid
- FER SM : Ferrovial Working to Identify Opportunities in India With IRB
- FIA1S FH : Finnair AGM Approves 1-for-100 Reverse Split to Improve Trading
- FRA GY : Fraport Sees 2024 Ebitda EU1.26B to EU1.36B, Est. EU1.34B
- GF SW : Georg Fischer FY Ebit Beats Estimates
- HAUTO NO : Höegh LNG Owners Said to Explore Sale of Gas Infrastructure Firm
- INS GY : Instone Real Estate Sees 2024 Adjusted Revenue EU500M to EU600M
- IVA FP : Inventiva Phase II Study Meets Endpoint in NASH Liver Disease
- IBAB BB : Ion Beam Signs New Be-Efficient Irradiation Solution Contract
- LTMC IM : Apollo’s Gamma to Place 7.9% of Lottomatica Shares Through ABB, *GAMMA INTERMEDIATE SELLS LOTTOMATICA SHARES AT €10.90 APIECE
- LHA GY : Brussels Airlines Strikes Deal With Cabin Crew Unions
- MBG GY : Mercedes’ China Joint Venture Posts 18% Drop in Profit in 2023
- MBTN SW : Meyer Burger Holders Vote in Favor of CHF200m Rights Issue
- MONC IM : Moncler Holder Grinta Offers Up to 3.23m Shares: Terms, Offering by Holder Grinta Prices at €67 per Share
- PGHN SW : Partners Group FY Ebit Misses Estimates
- PSG SM : Prosegur Says Gubel Buys 13.2% of Shares in Partial Takeover Bid
- SBRE LN : Sabre Insurance FY EPS Beats Estimates
- SPI AV : S Immo Examining Possible Complete Withdrawal From Germany
- SHCO US : Soho House Jumps On Go-Private Talks As Chair Rebukes Investors
- SNBN SW : SNB Signals It Will Accept Wider Asset Pool for Collateral: Rtrs
- UBSG SW : Review of UBS’s Systemic Capital Requirements Needed, SNB Says
- DG FP : Vinci, Eiffage Challenge New French Tax on Their Business: Echos
- VOW GY : Biden Congratulates Volkswagen Plant Workers for UAW Union Vote