Asian shares climbed Tuesday in the wake of tech-stock fueled gains on Wall Street and bets for less-aggressive interest rate hikes from the Federal Reserve. The dollar ticker lower and Treasuries held recent declines, reflecting wanning demand for haven assets. Australian and New Zealand bonds fell, as did Japan’s benchmark 10-year debt. Australian stocks advanced about 0.5% and Japan’s Topix index rallied as much as 1.5% while many other markets in the region remained closed for Lunar New Year celebrations. The upbeat tone for riskier assets was carried over from the US on Monday, when the tech-heavy Nasdaq 100 had its best two-day rally since November and the S&P 500 extended its surge to 12% from an October low. A gauge of greenback strength was lower while remaining in the middle of its range from the past week. It’s biggest decline versus Group-of-10 currencies was against the yen. With key centers including Hong Kong, Shanghai, Singapore and Seoul closed, much of the focus among global investors Tuesday is on central banks and US corporate earnings. Marquee names like Microsoft Corp. and Intel Corp. report results this week that will help shape the outlook for the technology sector. Markets have priced in a smaller 25-basis-point hike at the Fed’s Jan. 31-Feb. 1 meeting. Even as several officials say rates must peak above 5% and stay higher for longer, traders remain skeptical. Treasury Secretary Janet Yellen said she’s encouraged by progress on inflation, with energy prices and supply-chain issues easing across the globe even as the US labor market remains strong. oil steadied as traders waited for fresh signals on the state of Chinese crude demand after the nation ditched Covid curbs. Gold held a small gain. US After Hours HPK +9.6% pops high on strategic alternative review; YEXT +3.5% higher on workforce reduction.
Nikkei +1.46% Hang Seng Closed CSI Closed Shanghai Closed Shezen Closed
Eur$ 1.0878 CNH 6.7820 CNY 6.7927 JPY 130.22 GBP 1.2389 CHF 0.9214 RUB 69.1658 TRY 18.7727 WTI$ 81.61 -0.02% Gold 1,934 +0.16% BTC 23,070 +0.31% ETH 1,637 +0.31%
S&P +0.02% Nasdaq -0.04% EuroStoxx +0.26% FTSE +0.15% Dax +0.20% SMI +0.16%
Macro :
- Hedge Funds Arini and Selwood Bounce Back After Credit Maelstrom
- Britain’s Health Care Black Hole Is Devouring the Entire Country
- German Indecision on Supplying Tanks to Ukraine Sows Discontent
- Lagarde Says ECB Will Stay the Course to Return Inflation to 2%
Keep an eye on :
Keep an eye on :
- AAPL US : Apple’s $3,000 Headset Will Be Controlled by Staring, Pinching
- ARM LN : UK Public Could Participate in Arm Listing Through Retail Offer
- AGL IM : Dufry Indicated Paolo Roverato as New Proposed CEO of Autogrill
- AVTX NA : Avantium to Supply Henkel With FDCA From Plant-Based Sugars
- BSLN SW : Basilea Prelim FY Revenue About CHF148M
- BNP FP : BNP Sees ‘Soft Landing’ Bets Failing Like ‘Transitory Inflation’
- ALCAR FP : Carmat Expects to Break Even in 2027 as Ramps Up Production
- COL SM : Colonial Weighs Sale of Madnum Residential Project: Cinco Días
- CSGN SW : Credit Suisse Backer Qatar Investment Authority Raises Its Stake
- DUFN SW : Dufry Indicated Paolo Roverato as New Proposed CEO of Autogrill
- ENGI FP : Engie Says Outright European Power Production Declined in 2022
- ENGI FP : Engie Says Outright European Power Production Declined in 2022
- GRE SM : Grenergy Aims to Sell 49% Stake in 1,094 MW Portfolio: Expansion
- HEN3 GY : Avantium to Supply Henkel With FDCA From Plant-Based Sugars
- HOLN SW : Holcim Acquires Fiberglass Mat Facility From Maryland Paper
- HYL BB : Hyloris in Commercial Partnership for Maxigesic IV
- ITP FP : Interparfums FY Sales Meets Estimates
- IVG IM : Iveco’s IDV Unit Buys Controlling Stake in Mira UGV; No Terms
- KOMN SW : Komax Prelim FY Revenue Above CHF600M, Est. CHF586.9M
- LOGN SW : Logitech 3Q Sales Misses Estimates
- MMT FP : French Billionaire Bids for TV Broadcast License Used by M6
- PHNX LN : Phoenix Is an ESG Peer Group Leader In BI's Scorecard
- RHM GY : Germany’s Rheinmetall Could Ship 139 Leopard Tanks, RND Reports
- RNO FP : Renault CEO to Join Nissan Talks via Video: Reuters (Jan. 23)
- SU FP : Turkish President Postpones Schneider Enerji Labor Strike
- UHR SW : Swatch FY Operating Profit Misses Estimates
- TTE FP : TotalEnergies to Help Smaller Firms With Electricity Discount
- VAR NO : Var Energi Net Production Averaged 214 Kboepd in 4Q