Global stocks were set to extend a rally after US President Donald Trump abandoned his tariff threat against Europe, easing concerns about a renewed trade war. Contracts for European stocks rose over 0.7% after Asian shares followed Wall Street higher on comments from Trump. US equity-index futures also advanced, signaling the rally may extend. Global semiconductor stocks advanced as Nvidia Corp. CEO Jensen Huang’s comments at Davos helped reinforce investor enthusiasm for the artificial intelligence trade. Nvidia-supplier Disco Corp. surged 17% in Japan, while Samsung Electronics Co. advanced 1.9%. The benchmark gauge in South Korea — a bellwether for technology stocks — climbed to a new record. The upbeat mood in stocks curbed haven demand, sending spot gold lower by 0.2%. The dollar wavered and Treasuries were a touch lower. Risk appetite returned to equities after Trump ruled out military force and said he would refrain from imposing tariffs on Europe, citing a “framework” deal over Greenland. Investors interpreted the remarks at the World Economic Forum in Davos as a sign of easing geopolitical and trade tensions. In other corners of the market, Japanese government bonds also rebounded for a second straight session. Australia’s three-year yield rose to the highest since November 2023 after unemployment unexpectedly fell in December. That prompted traders to boost bets the country’s central bank will be forced to raise interest rates as early as next month. Cryptocurrencies edged lower as a US crypto market bill is likely to be delayed. Bitcoin traded around $90,000. On Greenland, Trump didn’t detail the parameters of the so-called “framework” and it was unclear what the agreement entails. Earlier on Wednesday, Denmark also ruled out negotiations over ceding the semi-autonomous island to the US. Trump later said he would release the specifics of the agreement shortly. Trump’s decision marked a stark reversal for a president who has repeatedly attempted to coerce Europe over Greenland. It came after a meeting with North Atlantic Treaty Organization Secretary General Mark Rutte in Davos. The president’s brinkmanship over Greenland touched off a diplomatic crisis with Europe that had spooked financial markets. Earlier in the week, stocks, bonds and the dollar fell and Bitcoin plunged amid the standoff. US After Hours IPAR +6% and KRMN +6% higher on upside guidance; BANC -4.5% and KNX -3.9% lower on earnings; WINA +4.6% on news it will join S&P SmallCap 600.
Nikkei +1.73% Hang Seng -0.06% CSI -0.15% Shanghai -0.03% Shenzen +0.51%
Eur$ 1.1685 CNH 6.9591 CNY 6.9624 JPY 158.77 GBP 1.3425 CHF 0.7950 RUB 76.5963 TRY 43.3047 WTI$ 60.66 +0.07% Gold 4,818 -0.28% BTC 89,990 -0.22% ETH 3,015 -0.54%
S&P +0.14% Nasdaq +0.23% EuroStoxx +0.87% FTSE +0.70% Dax +1.06% SMI +0.99%
Macro :
- CTAs on Verge of Selling if Market Drops More: Equity Insight
- Qatari-Donated Air Force One Is Expected to Begin Flying Trump This Summer -- WSJ
- Japanese Bonds Attract Largest Foreign Inflow in Nine Months
- Carmakers spurn Brussels’ ‘made in Europe’ bid - FT
- Israel set to sell defence company stakes to offset war costs - FT
Keep an eye on :
Keep an eye on :
- AED BB : Aedifica’s Cofinimmo Purchase Gets Conditional Belgian Nod
- AGN NA : Phoenix, Scottish Widows Circle Aegon’s UK Insurance Arm: FT
- ALLFG NA : Deutsche Boerse Reaches €5.3 Billion Buyout Deal of Allfunds
- AAPL US : Apple to Revamp Siri as a Built-In Chatbot to Fend Off OpenAI
- ARYN SW : Aryzta Expects to Report Ebitda Above €305M in FY25
- ASML NA : Dutch PM Discussed ASML’s China Sales in Meeting with CEO
- BAMI IM : Credit Agricole Boosts Stake in Banco BPM to 20.1% From 19.8%
- BKT SM : Bankinter 4Q Net Income Beats Estimates
- ACA FP : Credit Agricole Boosts Stake in Banco BPM to 20.1% From 19.8%
- ACA FP : Credit Agricole Boosts Stake in Banco BPM to 20.1% From 19.8%
- ENI IM : Eni to Sell 10% Stake in Baleine Project to Socar; No Terms
- ETN US : Eaton Is Said to Consider Separation of $5 Billion Vehicle Unit
- ENGI FP : Global energy giant Engie pulling out of startups in Singapore
- EQT SS : EQT to Acquire Secondaries Firm Coller Capital for $3.2 Billion
- GALD SW : Ipsen Says Tribunal Has Upheld Termination of Galderma R&D Pact
- GALE SW : Galenica FY Sales Meet Estimates
- GET FP : Getlink 4Q Revenue Meets Estimates
- GTT FP : GTT Gets HD KSOE Order for Tank Design of 3 New LNG Carriers
- HUBN SW : Huber+Suhner FY Revenue Misses Estimates
- INTC US : SambaNova Said to Seek Funding After Intel Takeover Talks Stall
- IPN FP : Ipsen Says Tribunal Has Upheld Termination of Galderma R&D Pact
- IYP FP : Interparfums Shares Rise as Prelim 4Q Net Sales Top Estimates
- LULU US : Lululemon Founder Slams Board After See-Through Leggings Fiasco
- ML FP : Michelin Says Preliminary 2025 FCF Exceeds Forecast
- OGN US : Sun Pharma Is Said to Mull Bid for Women’s Wellness Firm Organon
- SAN SM : Santander Plans to Let More Investment Bankers Use WhatsApp
- SDRL US : Seadrill Shares Climb as Company Announces New Contract Awards
- GLE FP : SocGen Plans to Cut 1,800 Jobs in France by End of 2027: FT
- TEL NO : Telenor to Sell True Stake for About NOK39b Total
- TSLA US : Tesla to Burn $1.5 Billion in 2026 on High Capex: Morgan Stanley
- TRYG DC : Tryg 4Q Combined Ratio Reported Beats Estimates
- UBI FP : Ubisoft Cuts FY Forecasts as It Unveils Restructuring
- UBSG SW : Bill Hwang Seeks Pardon for Fraud That Cost Banks $10 Billion
- VOLVB SS : Volvo Sticks to Plan for EX60 SUV as Tariff Threats Mount
- VOW GY : Volkswagen Reports Prelim. 2025 Automotive Net Cash Flow ~€6B