A global selloff in equities worsened in Asia, while the dollar strengthened and Treasury yields edged lower as investors shunned risky bets with President Donald Trump ratcheting up tariffs. * A benchmark of Asian shares dropped the most in almost a month after the S&P 500 slid 1.6% Thursday and erased its gains for the year. The Nasdaq 100 declined 2.8% while Nvidia Corp. shares slumped 8.5% after its latest earnings and equity-index futures for Europe pointed for the sale to continue. * From Sydney to Mumbai, stock indexes slid amid concerns over Trump’s latest round of tariffs on Canada, Mexico and China will pan out and impact economic growth. Bitcoin, seen as a so-called ‘Trump trade,’ plunged and a gauge of dollar strength edged up. Investors shunned riskier corners of the market, with technology shares in Hong Kong taking a hammering. * Trump said the 25% tariffs on Canada and Mexico would come into force from March 4, while Chinese imports would face a further 10% levy. Economists say tariffs may hurt US growth, worsen inflation and possibly spark recessions in Mexico and Canada. If there’s no last-minute reprieve, the plan will see taxes ramped up on well over $1 trillion of imports. * The announcements “have prompted market participants to reassess their expectations of tariff risks,” said Jun Rong Yeap, market strategist at IG Asia Pte. “Whether this is still a negotiation tactic or a definite move remains up for debate, but markets are unwilling to take chances.” * Treasuries advanced Friday in Asian trading, extending gains for short-dated US government debt from the prior session. US 10-year yields dropped to around 4.22%, a level not seen since December. Trump unveiling additional tariffs on Chinese imports raises the risk Beijing will ramp up its retaliation and a spiraling of tensions between the world’s two largest economies. * While tariffs introduce near-term risks, they don’t significantly alter the current narrative around Chinese markets, which have been supported by enthusiasm over artificial intelligence, said Charu Chanana, chief investment strategist at Saxo Markets. Focus will now be on the National People’s Congress meeting next week, which will play a crucial role in sustaining the current momentum in China, she said. * Chinese shares in Hong Kong fell 3% Friday while a gauge of technology stocks dropped as much as 4.7%. * The yen strengthened against the greenback Friday as inflation in Tokyo slowed more than expected, although it is unlikely to deter the central bank from considering more hikes to its benchmark interest rate. * In Indonesia, the rupiah dropped to its lowest level since April 2020 as Trump’s tariff threats reverberated across Asian currencies. The country’s main stock index fell Friday, extending a slump from a September high to 20%. * The Fed’s preferred inflation metric is due later Friday and is expected to cool to the slowest pace since June. The core personal consumption expenditures price index — which excludes often-volatile food and energy costs — probably rose 2.6% in the year through January. Overall PCE inflation likely eased on an annual basis as well, according to the median estimate in a Bloomberg survey of economists. * In other commodities, oil headed for a monthly loss and gold was set for its first weekly decline of the year. * US After Hours ESTC +14.9%, BE +9.7%, SOUN +9.2%, ICUI +5.9%, FOXF +5.6% higher on earnings; ENTG +7.5% to join the S&P MidCap 400; NTAP -14.1%, PUBM -11.9%, DUOL -6.9%, HPQ -3.6%, DELL -1.5% lower on earnings.
Nikkei -2.88% Hang Seng -3.05% CSI -1.71% Shanghai -1.72% Shenzen -2.84%
Eur$ 1.0408 CNH 7.2960 CNY 7.2882 JPY 149.78 GBP 1.2583 CHF 0.8993 RUB 87.7001 TRY 36.5260 WTI$ 69.88 -0.67% Gold 2,863.5 -0.48% BTC 79,600 -5.54% ETH 2,115 -7.22%
S&P +0.09% Nasdaq +0.09% EuroStoxx -1.21% FTSE -0.55% Dax -1.08% SMI -1.23%
Macro :
- Trump Says Tariffs on UK Unnecessary If Trade Deal Reached
- SEC Concerned About Liquidity, Valuation of Private Credit ETF
- Convertible Bankers Eye $73 Billion of Debt Ripe for Refinancing
- Convertible Bankers Eye $73 Billion of Debt Ripe for Refinancing
- Moody’s Raises Egypt’s Banking Sector Outlook to Positive
- Citadel Securities Semi-Systematic Equities’ Schiffman Leaves
- INDONESIAN RUPIAH WEAKENS TO LOWEST SINCE APRIL 2020
- Bitcoin Down 25% From All-Time High as Crypto Rout Worsens
- SEC Says Meme Coins Aren’t Securities Under Federal Law
Keep an eye on :
Keep an eye on :
- ANE SM : Acciona Energia FY Net Income Beats Estimates
- ANA SM : Acciona FY Net Income Beats Estimates
- ACX SM : Acerinox 4Q Ebitda Beats Estimates
- ACS SM : ACS FY Net Income Beats Estimates
- ACKB BB : Ackermans FY Net Income Misses Estimates
- AAF LN : Airtel Africa Sees Nigeria Tariff Hike Cushion Devaluation Loss
- BABA US : Alibaba Partners with Maersk in Offering Logistics Solutions
- ALV GY : Allianz Plans to Buy Back as Much as €2 Billion in Shares
- ALV GY : Allianz, AWP Fined A$16.8M for False/Misleading Statements: ASIC
- ALKB DC : ALK-Abello Gets FDA OK for Odactra for Mite Allergy in Children
- AMS SM : Amadeus 4Q Revenue Beats Estimates, Amadeus Sees 2025 Ebitda EU2.49B to EU2.61B, Est. EU2.59B
- BAMI IM : Deutsche Bank Has 5.18% Holding in Banco BPM
- BAS GY : BASF Expects Earnings to Improve This Year Across Most Units
- BEKB BB : Bekaert FY Adjusted Ebit Meets Estimates
- BOBNN SW : Bobst FY Ebit CHF155.6M Vs. CHF147.2M Y/y
- BPOST BB : Bpost Takes EU299.4M Charge, Won't Pay Dividend
- IAG LN : IAG 4Q Revenue Beats Estimates, *IAG ANNOUNCES SHARE BUYBACK OF UP TO €1B WITHIN NEXT 12 MONTHS
- BUCN SW : Bucher FY Ebit Misses Estimates
- CXGD PL : Portugal’s State-Owned Bank Caixa Says It’s Analyzing Novo Banco
- CALT IM : Caltagirone’s Stake in Monte Paschi Reached 8%: Stampa
- CLN SW : Clariant FY Adjusted Ebitda Misses Estimates
- COIN US : SEC Drops Civil Enforcement Case Against Coinbase
- CYTK US : Cytokinetics Q4 Net Loss Narrows, Revenue Rises, Cytokinetics files automatic mixed securities shelf
- DELL US : Dell Technologies 1Q Revenue Forecast Misses Estimates: Snapshot
- DOV IM : doValue FY Adjusted Ebitda Beats Estimates
- EIX US : Edison Says It Acted Reasonably Even If Found Liable for LA Fire
- ESTC US : Elastic Jumps After Boosting Full-Year Forecast , *ELASTIC SHARES CLIMB 14% POSTMARKET ON 3Q PROFIT, REVENUE BEAT
- ENI IM : Ghana Voids Order Forcing Eni to Merge Field With Neighbor
- EQNR NO : Equinor Said to Approach YPF on Argentina Shale Assets Sale
- EVS AV : Erste 4Q Net Income Misses Estimates
- EUROB GA : Eurobank FY Adjusted Net Income Matches Estimates
- FAE SM : Faes Farma FY Net Income Beats Estimates
- FER SM : Ferrovial FY Revenue Beats Estimates
- FINGB SS : Fingerprint Cards 4Q Operating Loss SEK65.0M
- FRVIA FP : Forvia FY Net Loss EU185M, Est. Profit EU159.5M
- FUR NA : Fugro 4Q Adjusted Ebitda Beats Estimates
- GALP PL : Galp Says Planned Biofuels Project to Begin Production in 2026
- GRF SM : Grifols Sees 2025 Adj Ebitda Incl. IRA EU1.88b-EU1.93b
- GUBRA DC : Gubra Sees 2025 Organic Revenue Growth 10-20% in CRO Segment
- HOLN SW : Holcim FY Sales Meet Estimates
- HPE US : HP CEO Says Shift to AI-Enabled Personal Computers Boosting Sales
- COL SM : Inmobiliaria Colonial FY Gross Rental Income Meets Estimates
- JUVE IM : Juventus 1H Net Income EU16.9M Vs. Loss EU95.1M Y/y
- LEON SW : Leonteq Board Advises Against Capital Return Requests by Holders
- LSG NO : Leroy 4Q Operational Ebit Beats Estimates
- MAERSKB DC : Alibaba Partners with Maersk in Offering Logistics Solutions
- MEL SM : Melia Hotels 4Q Net Income Beats Estimates
- MRL SM : Merlin Properties FY FFO Beats Estimates
- BMPS IM : Caltagirone’s Stake in Monte Paschi Reached 8%: Stampa
- MEGP LN : ME Group Offering by Holder Upsized to ~7% of Company: Terms
- META US : Meta plans to release standalone Meta AI app in effort to compete with OpenAI's ChatGPT
- META US : Meta Talks With Apollo for $35 Billion Data-Center Financing
- NXI FP : Nexity FY Ebitda Misses Estimates
- NCOD NO : Norcod Offering of 13.7m Shares Prices at NOK12/Share via DNB
- NTAP US : NetApp Shares Sink After Cutting Adjusted EPS Guidance
- NEXI IM : Nexi 4Q Ebitda Meets Estimates, Raises Shareholders Return
- 1913 HK : Miuccia Prada Hints Fashion House and Rivals Looking at Versace
- PROX BB : Proximus 4Q Adjusted Ebitda Meets Estimates
- PUIG SW : Puig FY Net Income Beats Estimates (Feb. 27)
- Revolut : Revolut Pressed to Consider Share Sale at $60 Billion Valuation
- SCYR SM : Sacyr FY Net Income Misses Estimates
- SGO FP : Saint-Gobain Sees 2025 Oper Margin Above 11%, Est. 11.7%
- SWTQ SW : Schweiter FY Net Income Misses Estimates
- SHUR BB : Shurgard FY Ebitda Beats Estimates
- SOLV US : Solventum 2025 Free Cash Flow Forecast Misses Estimates
- SOUN US : Soundhound 4Q Revenue Beats Estimates
- STLA US : Stellantis Paid Ousted CEO Tavares €23m in 2024
- SPINN FH : Suzano Won’t Invest Into Next Steps of Spinnova Collaboration
- TEP FP : Teleperformance Sees 2025 Like-for-Like Sales +3% to +5%, Teleperformance Margin Guidance Below Expectations
- 700 HK : Tencent Fires Up AI Race With Model It Says Outdoes DeepSeek
- TSLA US : Tesla’s 40% Plunge Burns Koreans Who Plowed Into Leveraged ETFs
- UCG IM : Huge Unicredit Call Spread, Banks Active: EMEA Options Snapshot
- X US : Ancora Urges US Steel’s Board to Delay 2025 Annual Meeting
- FR FP : Valeo Cuts 2025 Revenue Forecast
- VIRI FP : Viridien FY Segment Revenue Beats Estimates
- VIS SM : Viscofan 4Q Ebitda Meets Estimates
- VOW GY : Volkswagen Says It Extended Conditional Contract Offer to UAW
- VZN SW : VZ Holding FY Operating Revenue CHF525.1M Vs. CHF463.8M Y/y
- WRT1V FH : Wartsila Gets Order for Energy Storage System in Australia
- YAR NO : Mosaic 4Q Adjusted EPS Misses Estimates