Asian stocks and European equity futures advanced to follow Wall Street’s tech-led rebound from a selloff that shook global markets, as focus turns to the Federal Reserve’s rate decision and US mega-cap earnings. Japanese, Australian and Indian shares rose. Most other major markets in the region are closed for Lunar New Year holidays. US contracts were steady after the S&P 500 rose 0.9% and Nasdaq 100 advanced 1.6% on Tuesday, as Nvidia Corp. rallied 8.9% following the largest one-day value loss in history. Shares rebounded after a rough start to the week, sparked by concerns over a cheap artificial intelligence-model from Chinese startup DeepSeek. However, investors like Steve Cohen see the development as a boon for the industry. Focus shifts to the Fed decision and Big Tech earnings, starting Wednesday. Fed officials are widely expected to hold borrowing costs steady on Wednesday against a backdrop of healthy demand and stubborn inflation. Bond traders are ratcheting up bullish bets on US Treasuries in hopes that Fed Chair Jerome Powell signals a cut in March is firmly on the table. A survey conducted by 22V Research shows 67% of respondents expect the reaction to the Fed Wednesday to be “mixed/negligible,” 21% said “risk-off” and 12% “risk-on.” The yield on 10-year Treasuries inched lower. West Texas Intermediate oil steadied on Wednesday after gaining 0.8% on Tuesday. In Japan, the benchmark repurchase-agreement rate surged the most in 16 months, indicating that bond crunch has eased. It fell more than 30 basis points in the past two days amid signs that investors rushed to borrow bonds to close out bearish positions on these securities. As for earnings in the US, while profits from the so-called Magnificent Seven behemoths are still rising — and far outpacing the rest of the market — growth is projected to come in at the slowest pace in almost two years. In Australia, core inflation eased by more than expected in the final three months of 2024. The Australian dollar dropped and the policy-sensitive three-year yield fell 5 basis points on bets that the Reserve Bank may embark on a monetary easing cycle soon. In corporate news, Sony Group named President Hiroki Totoki as CEO, effective April 1. The company hit an intraday record and was the largest contributor to the gains in the Topix index on Wednesday, as software and gaming stocks rose. Apple Inc. has been secretly working with SpaceX and T-Mobile US Inc. to add support for the Starlink network in its latest iPhone software, according to people with knowledge of the matter. US After Hours FFIV +14.4%, NXT +13.6% higher on earnings; MANH -23.6%, LC -21.1%, QRVO -4.8% lower on earnings.
Nikkei +1.05% Hang Seng Closed CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.0441 CNH 7.2594 CNY 7.2446 JPY 155.26 GBP 1.2458 CHF 0.9038 RUB 98.0104 TRY 35.7698 WTI$ 73.74 -0.04% Gold 2,760 -0.15% BTC 102,590 +2.30% ETH 3,145 +3.05%
S&P +0.17% Nasdaq +0.40% EuroStoxx +0.82% FTSE +0.08% Dax +0.37% SMI +0.19%
Macro :
- Oaktree’s Howard Marks Says Don’t Expect Low-Rate Era to Return
- Nick Train Says He’s Running Out of Ways to Apologize for Fund
- Bridgewater’s Karniol-Tambour Says Growth Outlook Favors Stocks
- Hedge Funds Sell US Stocks by Most Since July: Equity Insight
- EU plans ban on sales of video game kit to Russia
- Michl Wants Czech Central Bank to Buy Billions in Bitcoin: FT
- DeepSeek Reveals How Badly Energy Industry Needs AI for Growth
Keep an eye on :
Keep an eye on :
- ME US : 23andMe to Explore Strategic Options Including a Sale
- ABN NA : ABN Amro to Sell €1.3 Billion Loan Portfolio to Ares Management
- AF FP : Air France-KLM Hires SocGen for Air Europa Bid: El Confidencial
- AKRO US : Akero Therapeutics Offering of 5.3m Shares Prices at $48/Share
- AKZA NA : Akzo Nobel Sees 2025 Adjusted Ebitda Above EU1.55B, Est. EU1.56B
- BABA US : Alibaba Cloud Says New AI Model Surpasses DeepSeek-V3, GPT-4o
- AAPL US : Apple and SpaceX Link Up to Add Starlink Network on iPhones
- ARBN SW : Arbonia Gets EU Antitrust Approval for Sale of Climate Division
- ASML NA : ASML 4Q Bookings Beats Estimates
- BBVA SM : BBVA Plans to Redeem $1B Convertible Perpetual Preferred Notes
- BRG NO : Borregaard 4Q Ebitda Beats Estimates
- CLAB SS : Cloetta 4Q Operating Profit SEK252M
- CON GY : Continental Sees ‘Incremental’ Auto Margin Improvement Next Year
- DOM SS : Dometic FY Dividend per Share Misses Estimates
- DWL LN : American Axle, Dowlais Said in Talks on Transatlantic Auto Deal
- EPR NO : Europris 4Q Ebitda Beats Estimates
- HAL NA : HAL Holding Suggest Cash Dividend/Share €2.90 vs. €2.85 Y/Y
- INRN SW : Interroll FY Sales Meets Estimates
- LOGN SW : Logitech 3Q Sales Beats Estimates
- LTG LN : General Atlantic Confirms Offer for LTG Won’t Be Increased
- LTG LN : General Atlantic Confirms Offer for LTG Won’t Be Increased
- LONN SW : Lonza FY Sales Meets Estimates
- MC FP : LVMH 4Q Fashion & Leather Goods Organic Sales Beats Estimates
- MRK US : Merck Authorizes $10 Billion Buyback, Maintains Dividend
- MSFT US : *MICROSOFT PROBING IF DEEPSEEK-LINKED GROUP OBTAINED OPENAI DATA
- NESN SW : Sheinbaum Says Nestle to Invest $1B in Mexico Over Three Years
- NFLX US : UK Considers Making Netflix Users Pay License Fee to Fund BBC
- Northvolt : Northvolt Asked Holders for $1.3B for Next Two Years: Reuters
- NOVOB DC : Novo’s Ozempic Gets FDA Approval for Kidney Disease
- NVDA US : DeepSeek Queried by Italy Privacy Regulator on Data Protection
- Oddo : Oddo BHF Seeks to Triple Investment-Banking Staff: Les Echos
- PAY LN : Paypoint 3Q Net Rev. From Cont. Ops. GBP53M Vs. GBP52.0M Y/y
- P911 GY : Porsche, Audi Weigh Setting up Production in the US: HB
- PTEC LN : Sky News: Playtech chair Mattingley to step down
- PTEC LN : Sky News: Playtech chair Mattingley to step down
- RCO FP : Remy Cointreau Sees FY Organic Revenue Low End of -15% to -18%
- R3NK GY : Renk Posts €1.4B FY24 Order Intake; Sees Positive Trend For 2025
- RIEN SW : Rieter FY Sales Misses Estimates
- ROG SW : Roche Taps Zoetis Executive as Chief Digital Technology Officer
- SEBA SS : SEB 4Q Net Interest Income Beats Estimates
- SMCP FP : SMCP Founders to Reinvest in Company Through Share Buyback
- SBUX US : Starbucks 1Q Comparable Sales Beats Estimates: Snapshot
- SSABA SS : SSAB 4Q Sales Beats Estimates (1)
- TEL2B SS : Tele2 4Q Net Sales Meets Estimates
- TEF SM : *TELEFONICA HIRES JPMORGAN TO STUDY ARGENTINA SALE: EXPANSION
- TRELB SS : Trelleborg 4Q Adjusted Ebita Beats Estimates
- UBER US : Uber, Lyft Fall as Duffy Confirmed as Transportation Secretary
- VOLVB SS : Volvo 4Q Adjusted Operating Profit Misses Estimates