Shares in Asia rallied after Wall Street set new highs as the Federal Reserve signaled it remains on track for three interest-rate cuts this year despite an uptick in inflation. A gauge of regional stocks was poised for its best day in four months, powered by gains in tech firms listed in Hong Kong and South Korea following Micron Technology Inc.’s strong revenue forecast reflecting artificial intelligence-induced demand. Broader benchmarks also rose from Australia to Japan, with the Nikkei 225 on pace for a fresh closing high after the nation’s exports grew for a third consecutive month. Mainland Chinese stocks fluctuated following early gains. Treasuries edged higher in Asian trading after Wednesday’s advance on growing expectations for the Fed to cut rates as early as June. The dollar extended losses, with the yen strengthening for the first time in eight days. US equity futures gained in Asian trading, after the S&P 500 climbed 0.9% to a fresh high. The tech-heavy Nasdaq 100 index, which is more sensitive to policy, rose 1.2% amid a rally in the Magnificent Seven group of mega-caps. US small-caps, which typically do well when the economy is expanding, also notched the best session in a month. Fed policymakers kept their outlook for three cuts in 2024 and moved toward slowing the pace of reducing their bond holdings, suggesting they aren’t alarmed by a recent rebound in price pressures. While Jerome Powell continued to highlight officials would like to see more evidence that prices are coming down, he also said it will be appropriate to start easing “at some point this year.” ustralian bonds erased early gains to inch lower following the release of robust jobs data. The economy added 116,500 roles in February, almost three times the 40,000 forecast. The data supported the Australian dollar, which strengthened against the greenback. The New Zealand dollar reversed earlier losses as gross domestic product data showed the country unexpectedly fell into a recession in the second half of 2023. Output in the fourth quarter contracted 0.1% to mark its second quarter of negative growth. Gold rallied to trade over $2,200 an ounce for the first time following the Fed comments, while oil also rose. Bitcoin resumed a decline. US After Hours MU +14.3%, GES +10.5% higher on earnings; FIVE -12.7%, SCS -8.6%, CHWY -3.1% lower on earnings; INDI +7.2% as it invests in AI processor company.
Nikkei +2.03% Hang Seng +2.23% CSI +0.03% Shanghai +0.05% Shenzen +0.03%
Eur$ 1.0933 CNH 7.2122 CNY 7.1986 JPY 150.80 GBP 1.2790 CHF 0.8853 RUB 92.5126 TRY 32.4121 WTI$ 81.81 Gold 2,203 BTC 66,722 ETH ",490
S&P +0.43% Nasdaq +0.78% EuroStoxx +1.15% FTSE +0.75% Dax +0.95% SMI +0.51%
Macro :
- Europe Car Sales Jump 10% in February With EV Share Gain on Hold
- German Cannabis Legalization Uncertainty Is Spooking Investors
- Fed Brings Back ‘Everything Rally’ With Benign Outlook
- Brussels To Propose New, More Gradual Accession Process for New Members
- Brussels To Propose New, More Gradual Accession Process for New Members
- KKR, EIG to Invest $1 Billion in Solar Developer and Projects
- Tech Fund Beating 99% of Peers Says AI Rally Is Just Starting
Keep an eye on :
Keep an eye on :
- 1U1 GY : 1&1 Sees 2024 Ebitda About EU720M, Est. EU722.3M
- ADS GY : Flagging Nike Could Learn From Adidas Efforts: Felsted & Miranda
- ADP FP : France to Name ADP CEO Successor to de Romanet After Olympics
- AIR FP : Japan Airlines to Buy 42 New Planes From Airbus and Boeing
- AAPL US : DOJ to Sue Apple for Antitrust Violations as Soon as Thursday
- ALAB US : Astera Soars 72% on AI-Fueled Demand After $713 Million IPO
- AUPH US : Aurinia Pharma Holder Iljin SNT Calls for Management Revamp
- BX US : Blackstone-Backed Encore Group May Sell Stakes to Raise Cash
- BMW GY : BMW Sees Premium EVs Driving Growth Even as Demand Cools
- BNP FP : BNP Paribas Aims to Triple Thai Assets Under Management to $3b
- BRAV SS : Bravida Gets Installation Order Worth About SEK500m
- CAI AV : CA Immo FY Dividend per Share Misses Estimates
- CEZ CP : CEZ Agrees to Buy 55% Stake in GasNet for €846.5m
- Cohere : Cohere Seeks $5B Valuation in Latest Fundraising: Reuters
- DOCM SW : DocMorris AG FY Ebitda Loss CHF38.4M, Est. Loss CHF40.4M
- ENAV IM : Enav FY Net Income Beats Estimates
- ENR GY : Iraq Signs Deal With Siemens for Power Plant and Gas Capturing
- RACE IM : Ferrari is full speed ahead on its first electric car—and the CEO promises it’s going to roar just as loud as a combustion
- GALD SW : Galderma Prices IPO at CHF53 a Share, Top End of Range
- GKP LN : Gulf Keystone FY Adjusted Ebitda Beats Estimates
- HHFA GY: Hamburger Hafen 2024 Ebit Forecast Misses Estimates
- HEI GY : Heidelberg Materials to Increase Dividend, Extends CEO Contract
- ISP IM : Intesa CEO Set to Reshuffle Some Top Managers, MF Reports
- INTRUM SS : BlackRock, Arini Among Intrum Creditors Set to Appoint Advisers
- IBAB BB : Ion Beam FY Revenue Beats Estimates
- IOS GY : Ionos Sees 2024 Adjusted Ebitda Margin About 28.5%, Est. 28.5%
- LHA GY : Brussels Airlines Pilots to Strike March 27-30: Tijd
- NEM GY : Nemetschek Sees 2024 Ebitda Margin 30% to 31%, Est. 31.2%
- NEXI IM : Nexi Holder Offers About 28.8m Shares via Morgan Stanley: Terms
- NSISB DC : Novonesis Sees 2024 Adjusted Ebitda Margin of About 35% (1)
- ONWD BB : Onward Medical Offers EU15 Million Shares at EU4.50/Share
- PAH3 GY : Porsche SE Sees 2024 Profit After Tax EU3.8B to EU5.8B
- P911 GY : Porsche SE reduces debt and intends to take advantage of investment opportunities 03/21/2024
- RDDT US : Reddit IPO Said to Price at Top of Range to Raise $748 Million
- REP SM : Repsol Proposes Distributing Dividend of €0.45/Shr in Jan. 2025
- SEQUA BB : Sequana Medical Offering of 7.67m Shares Prices at EU1.50/Share
- SHEL LN : Shell Sells Stake in Southcoast Wind to JV Partner Ocean Winds
- SIGN SW : SIG Chair Andreas Umbach Won’t Stand for Reelection at 2025 AGM
- STR AV : Strabag Says Deripaska Now Deleted as Beneficial Owner
- TLX GY : Talanx FY Ebit Misses Estimates
- TCELL TI : Turkcell FY Net Income 12.6B Liras Vs. 6.88B Liras Y/y
- TCELL TI : Turkcell FY Net Income 12.6B Liras Vs. 6.88B Liras Y/y
- VEI NO : Veidekke Sees Scandinavian Construction Production Down 16% 2024
- VEON US : Veon 4Q Ebitda $364M Vs. $458M Y/y
- VOS GY : Vossloh Sees 2024 Ebit EU100M to EU115M, Est. EU103M (2 Est.)
- WAGA FP : Waga Energy Offers EU45 Million Shares, Waga Energy Offering of 3.94m Shares Prices at EU13.20/Share