US equity futures rose, tracking the rebound in Asian stocks from last week’s selloff, as subdued inflation data rekindled expectations of Federal Reserve rate cuts. The dollar steadied after a retreat. A gauge of Asian equities snapped a six-day decline, with benchmarks in South Korea and Taiwan rising more than 1%. US equity contract added 0.5% after the so-called core personal consumption expenditures price index increased at the slowest pace since May, spurring a 1.1% gain in the S&P 500 Index on Friday. European stock futures were little changed.
Monday’s moves offer investors some respite after a stream of robust US economic data saw the Fed scale back the number of cuts it anticipates in 2025. Overall sentiment remains cautious as investors brace for the prospect of sweeping global tariffs imposed by US President-elect Donald Trump, and as China continues to see a lackluster economic recovery. Australia’s 10-year bond yield fell nine basis points on Monday amid holiday-thinned trading, tracking a Friday rally in US peers driven by the PCE data. US Treasuries were steady in Asia trading.
A Bloomberg gauge of the dollar was little changed after sliding 0.5% on Friday. President Joe Biden signed funding legislation to keep the US government operating until mid-March, avoiding a year-end shutdown and kicking future spending decisions into Trump’s presidency.
A Bloomberg gauge of the dollar was little changed after sliding 0.5% on Friday. President Joe Biden signed funding legislation to keep the US government operating until mid-March, avoiding a year-end shutdown and kicking future spending decisions into Trump’s presidency.
In China, semiconductor and computing stocks gained after Premier Li Qiang urged more innovation and infrastructure development in these sectors. Broader equity benchmarks posted modest gains. Asian stocks are set for their first quarterly loss since September 2023 while a gauge of the region’s currencies fell to its lowest in more than two years last week. In corporate news, Singapore Post Ltd.’s shares plunged after the company fired several senior leaders following allegations related to its international e-commerce logistics parcels business. In Japan, Honda Motor Co. and Nissan Motor Co. are looking to finalize a merger agreement as soon as June after negotiations begin later Monday, Japanese media reported. Elsewhere, oil edged higher after a weekly drop, as traders gauged Trump’s threat to reimpose US control over the Panama Canal.
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S&P Nasdaq EuroStoxx FTSE Dax SMI
Macro :
- ECB Rate Cuts Will Continue Next Year, Vujcic Tells HRT1
- US Approves Possible $4.7b Foreign Military Sale to Egypt
- US Approves Possible $4.7b Foreign Military Sale to Egypt
- Schumer Says He’s ‘Confident’ the Senate Will Pass Stopgap
- Car Sales to Grow Modestly in 2025 as Global Output Falters
- Ukraine Unlocks $1.1 Billion Disbursement From IMF After Review
- France Will Select Green Hydrogen Projects for Govt Support
- Biden Mulls Tariff Break for Solar Modules From Mexico
Keep an eye on :
Keep an eye on :
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- AAF LN : Airtel Africa Plans Second Share-Buyback Program
- ARM US : -1.7% in after hours Trilal vs QCOM
- AV/ LN : Aviva Agrees to Buy Direct Line in Deal Valued at 275P/Share
- BYW6 GY : BayWa Gets Long-Term Restructuring Financing Until 2027 End
- BYW6 GY : BayWa Gets Long-Term Restructuring Financing Until 2027 End
- BA US : Boeing CIO Susan Doniz to Leave Company, CEO Tells Employees
- BNBP FP : ECB Fines BNP Paribas Fortis €10m for Allegedly Downplaying Risk
- BOO LN : Boohoo Completes Sale of London Office for £49.5M in Cash
- ALCAR FP : Carmat to Buy Back 2M Shrs From Airbus for Symbolic €1
- DNR IM : De Nora Unit Gets €31m Italy Funding for Gigafactory Project
- DLG LN : Aviva Agrees to Buy Direct Line in Deal Valued at 275P/Share
- ENG SM : Enagas Says It Got Favorable Tribunal Ruling, Peru to Pay $194m
- EL US : Estee Lauder Sees About $122M New Restructuring Steps Charges
- EVO SS : Evolution’s Malta Operations Reviewed by UK Gambling Commission
- FAGR BB : Fagron Gets FDA Warning Letter After Wichita Plant Inspection
- GRF SM : Short Seller Gotham Asks Judge to Toss Grifols Defamation Suit
- ISP IM : Intesa Sanpaolo CEO Urges Govts to Stop Meddling in Deals: FT
- ITM LN : ITM Power Signed Contract to Supply 3 Neptune V Units
- SKD GY : Lilium Dismisses All Staff Before Rescue Deadline: Handelsblatt
- LLY US : Lilly’s Zepbound Approved for Sleep Apnea with Obesity
- MSTR US : Scaramucci Says Concern Over MicroStrategy’s Debt Is Overblown
- MOS US : Mosaic Raises Quarterly Dividend 4.8% to 22 cents/Shr
- NIO US : China’s Nio Launches $108,000 EV to Take on Porsche, Mercedes
- NOVOB DC : Novo Nordisk’s Alhemo Gets US FDA Approval for Hemophilia
- OR FP : L’Oreal in Talks to Buy Migros’ South Korean Cosmetic Unit: Rtrs
- PARA US : Paramount's Media Heiress Will Leave the Stage After Last Act in a Chaotic Drama -- WSJ
- PGC LN : Petrofac Agrees Restructuring for at Least $325M of New Funding
- PFE US : Pfizer Gets FDA OK for Braftovi Combo as First-Line Treatment
- QCOM US : *QUALCOMM WINS LICENSING FIGHT WITH ARM OVER CHIP DESIGNS
- RUM US : Rumble Receives $775m Investment From Tether; Shares Surge +36%
- SAN FP : Cytokinetics Rises as Sanofi Buys China Rights for Aficamten
- SAN FP : Sanofi Expands SK Bioscience Deal for Pneumococcal Vaccines
- SPM IM : *SAIPEM FULLY OPERATIONAL WITH STATE-OWNED COS. IN BRAZILIAN MKT
- 005930 KS : Samsung Gets Up to $4.745b in Direct Funding From Chips Act
- RWI LN : Renewi Says Macquarie Deadline for Firm Offer Is Now Jan. 23
- SBUX US : Starbucks Baristas From Three More US Cities Plan to Join Strike
- SBBB SS : SBB, Genova Sell Building Rights to Besqab for SEK194m
- STLA US : Stellantis Shelves 1,100 Layoffs at Ohio Plant: Automotive News
- SWEDA SS : Swedbank Sued by Pensions Agency for $250m (Dec. 20)
- SCMN SW : Swisscom Gets Clearance From Authorities to Buy Vodafone Italia
- TSLA US : Tesla recalls nearly 700,000 vehicles for a warning light issue
- TXN US : Texas Instruments Finalizes Chips Act Award, Gets $1.6 Billion
- TKO FP : French Asset Manager Tikehau Mulls Plan to Cut Jobs by 15%
- TIT IM : Italy’s Open Fiber Investors Agree on €3 Billion Financing Deal
- UBER US : Uber Investors Are Calling for More Transparency Into Driver Pay
- URW FP : Unibail Sells 80% Stake in Trinity Office Tower to Norges Bank
- VSAT US ; Viasat, Intuitive Machines Gain on NASA Near Space Pacts
- VOD LN : Swisscom Gets Clearance From Authorities to Buy Vodafone Italia
- VOW GY : Volkswagen Doesn’t See Impact on 2024 Outlook From Labor Pact
- VOW GY : VW Plans 35,000 ‘Socially Responsible’ Job Cuts Through 2030
- VU FP : VusionGroup Extends €1B Contract With Walmart US