TheChek News Flow

Japanese bonds rebounded after a selloff that rippled through global debt markets, while US equity-index futures rose as volatility showed tentative signs of easing. Yields on 40-year Japanese debt fell 6.5 basis points after Finance Minister Satsuki Katayama called for calm following a rout that had pushed super-long yields to all-time highs. In a further sign that markets were finding some footing, Treasuries edged up and futures contracts for the S&P 500 rose 0.3% after the underlying gauge had its steepest loss since October. Asian shares fell 0.6%, even as chipmakers such as Samsung Electronics Co. gained. Japanese shares were also well off their session lows. Haven demand continued, with gold rising to yet another record high and silver trading near an all-time peak. President Donald Trump’s threat to impose tariffs on European nations that rejected his proposal to purchase Greenland has unsettled markets, prompting investors to reassess risk after an AI-fueled rally took global stocks to all-time highs. The selloff in Japanese bonds compounded the pressure, adding to strains driven by uncertainty over US policy and trade. Key for markets on Wednesday will be how Trump’s trip to the World Economic Forum in Davos pans out after the president ratcheted up tensions with Europe. While traders have been able to get past a whirlwind of other unexpected developments this year — including the White House’s capture of Venezuela’s leader and its renewed attacks on the Federal Reserve — Tuesday’s moves suggest that investors’ willingness to shrug off earlier shocks is beginning to erode.  Rick Gardner, CIO at RGA Investments, shares his views on the recent selloff in Japanese government bonds and gives his perspective on the fear of a spillover into other markets. After the meltdown in Japanese bonds during the Asian session, stocks fell in Europe and the US. Bond yields jumped. Then there was also news that a Danish pension fund was planning to exit Treasuries.  Tuesday’s trading session in Tokyo saw what dealers said was the most chaotic session in recent memory. Yields on Japan’s 30- and 40-year bonds both jumped by more than 25 basis points, the biggest move since Trump’s ‘Liberation Day’ tariffs rattled global markets last year.  As trading kicked off on Wednesday, Japanese sovereign debt rebounded, easing some concerns. Also, Japan’s second-biggest bank plans to aggressively rebuild its local sovereign debt holdings once a wild surge in yields runs its course.  Asking market participants to calm down, Katayama pointed to Japan’s lowest reliance on debt issuance in 30 years, rising tax revenue and the smallest fiscal deficit among Group of Seven economies as evidence to support the government’s view that its fiscal policy is responsible and sustainable. NFLX -4.9%, IBKR -0.7% lower on earnings; PRGS +8.2%, UAL +3% higher on earnings; AVR +52.3% surges on investment from MDT.US After Hours

Macro :

- South Korea’s President Lee Downplays US Chip Tariff Threats
- Fitch Says Canada’s Credit Profile Has ‘Begun to Stabilize’

- US Miner Eyes Global Rare Earths Clout With Australian Deal

- US Power-Grid Plan Aims to Accelerate Data-Center Connections

- Novogratz’s Galaxy to Launch $100m Crypto Hedge Fund: FT

- Trump’s $200 Billion MBS Buy Is Relief Now, Volatility Later

Keep an eye on :

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- AZA SS : Avanza FY Dividend per Share Beats Estimates

- BARN SW : Barry Callebaut Names Former Unilever Head Hein Schumacher CEO

- BARN SW : Barry Callebaut 1Q Sales Beat Estimates

- CATE SS : Catena Offers Up to 6.04m Shares - Catena Offering of Shares Prices at SEK456/Share

- 1 HK : CK Hutchison Mulls Dual IPO of Global Telco Assets:Rtrs

- EQT SS : EQT Plans to Roll Existing Venture Capital Stakes Into New Fund

- FNMA US : Trump’s $200 Billion MBS Buy Is Relief Now, Volatility Later (1)

- HOTEL SS : Hotel Fast SSE Sells Property Lund to Daimyo Ekstra

- INPST NA : InPost Prelim 4Q Parcel Volume 417.6M, InPost Says Committee Still Assessing Indicative Offer

- IBKR US : Interactive Brokers 4Q Adjusted EPS Beats Estimates

- JNJ US : J&J to Report Results After US Deals on Drug Prices: Preview

- KER FP : Kering Says Bottega Veneta CEO Rongone Leaving March 31

- LULU US : Lululemon Pauses Online Sales of New Collection After Complaints

- MC FP : Fired Moët Hennessy worker acquitted of defamation - FT

- META US : US FTC to Appeal Court Ruling on Meta Win in Monopoly Case

- MONC IM : Moncler CEO Pick Praised as Marketing Chief Resigns: Street Wrap

- MOWI NO : Mowi Prelim 4Q Ebit About EU213M, Est. EU233.2M

- NFLX US : Netflix Falls After 1Q Profit Outlook Trails Estimate
- NVDA US : Nvidia’s Huang Plans to Visit China as He Works to Reopen Market

- OCI NA : Orascom Construction Says Shareholder Vote on OCI Merger Jan. 22

- OPen AI : OpenAI, Gates Foundation to Invest $50M in Africa Health AI

- PZZA Us : Papa John’s Shares Rise By Most in Two Months; Options Active

- PGHN SW : Partners Group Starts Special Opportunities Strategy

- PIRC IM : Pirelli Holder Camfin to End Pact With Sinochem: Messaggero

- QIA GY : Qiagen Said to Weigh Strategic Options Amid Fresh Interest

- RIO LN : Rio Tinto 4Q Pilbara Ore Shipments Beats Estimates

- RYA ID : Elon Musk and Ryanair Keep Escalating an Online War of Words

- SBO AV : SBO AG FY Ebit Misses Estimates

- 9434 JP : SoftBank Group Credit Default Swaps Rise to Widest in 9 Months

- SWEDA SS : Swedbank Board Member Eckerström Steps Down

- MAIRE IM : Tecnimont Signs Pact With Argent LNG for Facility in Louisiana

- TEMN SW : Thoma Bravo Eyes Software Deals Amid Plunge in Valuations: FT

- UAL US : United Air Leads Peers Higher After 4Q EPS Beats Estimates

- UBSG SW : UBS Also Considering External CEO Candidates, Ermotti Says

- WBD IM : Webuild’s US JV Gets $643M Contract in Florida

- WIEV AV : Wienerberger Prelim FY Adjusted Ebitda About EU753M