A rally in technology shares that lifted Wall Street benchmarks extended into Asia, as concern over the disruptive effects of artificial intelligence eased after weeks of turmoil. MSCI’s gauge for Asian equities climbed 1.4% to a record, with gauges in South Korea and Taiwan — bellwethers for AI investments — also hitting all-time highs. A rebound in the battered software stocks drove US benchmarks higher, ahead of key earnings from Nvidia Corp. later Wednesday. The dollar fell as much as 0.2% and US equity-index futures trimmed most of their earlier gains after President Donald Trump delivered his State of the Union address. Treasuries edged lower, with the yield on the benchmark 10-year rising two basis points to 4.05%. The yuan climbed and Asian currencies strengthened to a 16-month high, supported by a weaker greenback. The rebound in global stocks was helped by comments from Anthropic PBC, which said it plans to build partnerships — suggesting that its Claude chatbot will integrate with, rather than displace, existing businesses. The disruptive potential of the technology has roiled stocks across sectors for weeks in what’s become known as the “AI scare trade.” Earlier this week, concerns over tariffs and geopolitics coupled with a report by Citrini Research and worries about the potential disruption caused by another tool from Anthropic were enough to send the stock market careening. Investors had been on edge as AI-driven selloffs swept across industries including software, insurance brokerage, wealth management and cybersecurity. Sentiment steadied somewhat on Tuesday. Meanwhile, the Bloomberg Dollar Spot Index edged lower as Trump assailed the Supreme Court for striking down his global tariffs and gave no indication he would change course. Trump said he would move ahead with restoring his broad import taxes through other authorities. He expressed confidence foreign countries would honor their trade agreements and even predicted that the US would take in so much revenue that it would “substantially replace the modern day system of income tax.”
Elsewhere, the yen fluctuated as Japan’s Prime Minister Sanae Takaichi’s government nominated two reflationist academics to join the Bank of Japan policy board on Wednesday. The nomination is likely to fuel speculation that Takaichi will be cautious about the central bank raising interest rates quickly. In other corners of the market, gold and silver — assets that have risen this year along with stocks — gained, and Bitcoin jumped about 2% to trade around $65,400. Still, the main risk event in the tech sector on Wednesday will be Nvidia’s earnings. The company is facing a high-stakes moment with its latest quarterly results, with the world waiting for fresh evidence that the AI spending boom remains on track. This week’s earnings will either “calm or exacerbate” AI fears, said David Laut at Kerux Financial.
Nikkei +2.31% Hang Seng +0.75% CSI +1.24% Shanghai +1.20% Shenzen +1.31%
Eur$ 1.1793 CNH 6.8687 CNY 6.8724 JPY 155.90 GBP 1.3517 CHF 0.7730 RUB 76.3234 TRY 43.8563 WTI$ 66.11 +0.72% Gold 5,180 +0.76% BTC 65,560 +2.45% ETH 1,912 +3.18%
S&P +0.03% Nasdaq +0.05% EuroStoxx +0.16% FTSE +0.47% Dax +0.05% SMI -0.13%
Macro :
- Peter Thiel’s Money Manager Courts World’s Mega-Rich for US Bets
- Dan Loeb Says ‘Lost Art of Short Selling’ Is Making a Comeback
- Bill Gates Apologizes to Foundation Staff Over Epstein Ties -- WSJ
- Trump Stages State of the Union Pep Rally as Economic Mood Sours
- UBS Now Sees Private Credit Defaults Reaching 15% in Worst Case
- Switzerland Is About to Put Cash in Its Constitution, Polls Show
- US Warned Kyiv Over Russian Oil Port Attack, Citing Economic Hit
- Boaz Weinstein Warns ‘Wheels Coming Off’ Private Credit Funds
- Austria Minister Says Ukraine Joining EU by 2027 Unrealistic: FT
Keep an eye on :
Keep an eye on :
- ADEN SW : Adecco 4Q Revenue Meets Estimates
- AGS BB : Ageas FY Net Operating Profit Beats Estimates
- AIR FP : Ex-Airbus chief says Gn decision to work with France on fighter jet a ‘mistake’
- ALC SW : Alcon AG 4Q Core EPS Misses Estimates, Alcon Topline Strong, But Some ‘Puts and Takes’
- ALSYDB DC : AL Sydbank Sees 2026 Net Income DKK3.5B to DKK4B, Est. DKK3.74B
- ALSYDB DC : AL Sydbank Cuts 47 Positions After M&A, FinansWatch Says
- ATE FP : Alten FY Net Income Misses Estimates
- ATE FP : Alten FY Net Income Misses Estimates
- AAPL US : Apple’s Touch MacBook Pro to Have Dynamic Island, New Interface
- AML LN : Aston Martin FY Revenue Misses Estimates
- BA/ LN : BAE Systems Gets $500m Artillery, Ammo Carrier Pact for US Army
- BAYN GY : Bayer Accuses J&J of Misleading Ads for Its Prostate-Cancer Drug
- BBOX LN : Tritax Big Box REIT, IG Group Indicated to Join FTSE 100 Index
- BIC FP : BIC FY Adjusted Ebit Meets Estimates
- BVI FP : Bureau Veritas FY Adjusted Operating Profit Matches Estimates
- CAN LN : Favorable decision on the VAT applicableto pay TV, but no final ruling yet - L'informe
- CAVA US : Cava Jumps as 2026 Comp Sales Outlook Exceeds Expectations
- DASH US : DoorDash to Wind Down Deliveroo, Wolt Ops in Four Countries
- EZJ LN : Easyjet Indicated to Leave FTSE 100 Index
- EDP PL : EDP Renovaveis FY Net Income Misses Estimates
- LLY US : UK’s MHRA Approves Eli Lilly’s Inluriyo for Some Breast Cancers
- EOAN GY : E.On Sees 2026 Adjusted Ebitda EU9.4B to EU9.6B, Est. EU9.55B, EON Lifts Spending Plan by €5 Billion in Boost for Europe’s Grid
- EVN AV : EVN Still Sees 2025/26 FY Ebitda, Net Around Prior Year Level
- FME GY : Fresenius Extends Mandate of CEO Michael Sen by Five Years
- FRE GY : Fresenius SE Sees 2026 Organic Revenue +4% to +7%
- GBLB BB : Umicore Holder Groupe Bruxelles Lambert Offers Shares: Terms, GBL Sells Remaining Umicore Shares at €0.3b Total Proceeds
- GF SW : Georg Fischer FY Ebit Beats Estimates
- GSF NO : Grieg Seafood Sees 1Q Harvest 6,600 Metric Tons
- HEI GY : Heidelberg Materials Forecasts 2026 Results
- HAG GY : Hensoldt Extends CEO Oliver Dörre’s Contract Until 2031
- HSBA LN : HSBC FY Pretax Profit Beats Estimates
- HDLY NO : Huddly Offering of NOK75m Shares Prices at NOK20/Share
- IGG LN : Tritax Big Box REIT, IG Group Indicated to Join FTSE 100 Index
- ITP FP : Interparfums FY Operating Profit Matches Estimates
- IPS FP : Ipsos FY Adjusted Net Income Beats Estimates
- JST GY : JOST Werke Offers Up to 1.49m Shares Via Private Placement
- OR FP : L’Oreal, Dyson, Bausch + Lomb Sue for Tariff Refunds: Reuters
- LDO IM : Leonardo DRS Shares Surge as FY Revenue Guide Above Consensus
- LDO IM : Leonardo FY Ebita Beats Estimates
- LIN US : Linde Raises Dividend, Below Bloomberg Projection
- MC FP : Arnault Tightens Grip on LVMH as His Stake Crosses the 50% Mark
- MOS US : Mosaic 4Q Adjusted Ebitda Misses Estimates
- NDX1 GY : Nordex Sees 2026 Ebitda Margin 8% to 11%, Est. 8.41%
- NVDA US : Nvidia to Give Update on AI Industry With Results: Preview
- OPM FP : OPmobility FY Operating Profit Beats Estimates
- ORIOLA FH : Oriola 4Q Net Sales Beat Estimates
- PEN NO : Panoro Energy Offering of 20m Shares Prices at NOK23.35/Share
- PFE US : Pfizer’s Braftovi Combo Gets FDA OK for Colorectal Cancer
- PRS SM : Prisa Rejects Unsolicited Restructuring Proposal From Investor
- RMV LN : RightMove Indicated to Leave FTSE 100 Index
- ROVI SM : Rovi FY Ebitda Beats Estimates
- SPM IM : Saipem Order Intake Strong, Ebitda Guidance Beats
- SDZ SW : Sandoz Group FY Net Sales Meet Estimates
- SK FP : SEB FY Operating Result From Activity Beats Estimates, SEB to Cut Up to 2,100 Jobs in Plan to Renew Profitable Growth
- SSL IM : SS Lazio Says Company Is Not for Sale
- TIT IM : Telecom Italia Sees Ebitda After Lease Up 5%-6% in 2026
- TIT IM : Telecom Italia Sets €400 Million Stock Buyback, Reverse Split
- TEMN SW : Temenos Sees 2026 Non-IFRS Ebit About +9%
- UMI BB : Umicore Holder Groupe Bruxelles Lambert Offers Shares: Terms
- VRLA FP : Verallia FY Adjusted Ebitda Misses Estimates, Verallia’s Outlook Implies Consensus Downgrades, Citi Says
- VoltaGrid IPO : VoltaGrid Weighing Public Listing or Sale, Riding the AI Wave
- VPK NA : Vopak FY Revenue Misses Estimates, Vopak Plans Distributions Program of ~€1.7b Through 2030
- WBD US : Warner Bros. Says Paramount Boosts Bid to $31/Shr in Cash
- WBD US : Paramount’s Newest Bid Could Open Door to Beating Netflix Deal, Warner Says - WSJ
- WHR US : Whirlpool Offering of Common Stock Prices at $69/Share
- WLN FP : Worldline Sells Indian Payment Activities to BillDesk
- YAR NO : Mosaic Sees Phosphate Interest Amid China Export Restrictions
- YAR NO : Mosaic Sees Phosphate Interest Amid China Export Restrictions