The euro gained with Eastern European currencies as the region’s leaders scrambled to offer Ukraine their support amid concerns of a US pullback. The common currency rose 0.4% against the dollar, outperforming major peers. The Polish zloty and Romanian leu also climbed. European equity-index futures pointed to a stronger open, tracking Asian stocks higher. Markets are starting the week with geopolitics dominating as European leaders assemble what Britain called a “coalition of the willing” to secure Ukraine following an Oval Office clash between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy. China is also due to stage its biggest political huddle of the year just as US tariffs threaten to test Beijing’s ability to boost economic momentum. Bitcoin edged lower after a Sunday rally with Trump talking up his plan for a strategic crypto reserve. In Asia this week, traders’ hopes are running high that a ramp-up in fiscal spending will be announced at China’s National People’s Congress to bolster domestic demand, offsetting the risk of US tariffs and sustain this year’s blistering stock rally. Investors are waiting for news of any last minute negotiations to avoid a further increase in US trade tariffs on Chinese goods that are due to come into effect this week along with levies on Mexico and Canada. Meanwhile, the prospect of a surge in defense spending by European countries has led to a sharp rally in the shares of companies involved in the sector, such as Germany’s Rheinmetall AG, the UK’s BAE Systems Plc and Rolls-Royce Plc as well as Italy’s Leonardo SpA. Still, German and French bond futures dropped amid concern about rising debt issuance by the bloc. Rebuilding Ukraine would be a large undertaking, with total costs of nearly $500 billion, according to the World Bank. Steel and cement would be needed to restore infrastructure. Goldman Sachs Group Inc. economists estimate a peace deal would likely increase Russian gas supply to Europe and reduce gas prices by 15% to 50%. Australian and Japanese shares rose on Monday along with the benchmark in Hong Kong. Mixue Group, China’s largest bubble-tea chain, surged in its trading debut in the city. In other corporate news, Prada SpA is moving closer to a deal to buy Versace from Capri Holdings Ltd. after agreeing to a price of nearly €1.5 billion ($1.6 billion), according to people familiar with the matter. Prada’s shares rose as much as 3.9% in Hong Kong Monday. Indonesia’s stock gauge rose the most in four years, buoyed by a rebound in bank shares after JPMorgan upgraded the companies. Thousands of Chinese delegates including ministry chiefs and provincial leaders will gather Wednesday in Beijing for the parliamentary meeting, where officials will set a bullish growth goal of around 5%, according to analysts surveyed by Bloomberg. To get there, policymakers are expected to push China’s official budget deficit target to the highest in over three decades, pumping trillions of yuan into a system battling deflation, industrial overcapacity, a still-floundering property market and a trade war with the US. Oil rose on Monday as the Trump-Zelenskiy row likely means that achieving a solution agreed upon by all parties — and therefore a easing of sanctions — will be harder harder. Gold also gained. Elsewhere this week, the European Central Bank will give a policy decision after inflation readings in France and Italy supported the case for further cuts. Trump will also address a joint session of Congress just as two polls suggest he’s losing support from Americans concerned about the economy and inflation.
Nikkei +1.70% Hang Seng -0.33% CSI -0.42% Shanghai -0.45% Shenzen -0.20%
Eur$ 1.0414 CNH 7.3016 CNY 7.2920 JPY 150.36 GBP 1.2604 CHF 0.9021 RUB 89.4569 TRY 36.5254 WTI$ 70 +0.34% Gold 2,863 +0.19% BTC 92,715 -1.69% ETH 2,421 -4.10%
S&P +0.22% Nasdaq +0.31% EuroStoxx +0.64% FTSE +0.63% Dax +0.81% SMI +0.44%
Macro :
- Trump Sparks Crypto Rally by Saying More Coins to Be in Reserve
- Atlanta Fed’s Nowcast Already Signaling Slowdown
- US Approves Possible $2b Foreign Military Sale to Israel
- US Approves Possible $2b Foreign Military Sale to Israel
- Millennium Hires Ex-Goldman Trader Malafronte for Credit Role
- CME Group to Launch Solana Futures on March 17
- Goldman Strategists See European EPS Misses Severely Penalized
- AI Fever in Power Stocks Moves From Nuclear to Plain Natural Gas, Regulatory uncertainty could widen the scope of power stocks riding the AI wave - WSJ
- World Bank Urges South Africa to Cut Labor, Investment Red Tape
- Singapore Plans to Acquire Two Submarines, Defence Minister Says
Keep an eye on :
- ADE NO : Blackstone, Permira’s Adevinta Said to Near Willhaben Stake Sale
- AF FP : Air France-KLM Plans to Bid for Stake in Portugal’s TAP Airline
- BABA US : Alibaba-Backed Zhipu Raises $140 Million as DeepSeek Heats Up AI
- ALGM US : Allegro Is Said to Draw Takeover Interest from ON Semiconductor
- AAPL US : China's Honor pledges $10 billion AI investment and deepens ties with Google in global push
- ARM US : Chip Designer Arm to Set Up Base in Malaysia, Bernama Reports
- ARYN SW : Aryzta Sees Low To Mid-Single Digit Organic Growth in 2025
- BARC LN : Jes Staley Brings London Finance Elite Into Epstein Legal Fight
- BAVA DC : Bavarian Nordic Allowed to Market Vimkunya to 12-Year-Olds in EU
- BRK/B US : Bill Ackman Says Warren Buffett Is Too Conservative on Investments, Berkshire Will Be Run Better When He's Gone
- BRK/B US : How Warren Buffett is preparing for his 60-year Berkshire Hathaway reign to end
- BNZL LN : Bunzl FY Revenue Meets Estimates
- CPRI US : Prada Said to Move Closer to Versace Deal for Up to €1.5 Billion
- CPRI IUS : Prada Sees Growth in Miu Miu, Potential Versace Bid: Preview
- CDMIL SS : Ateliere Creative Technologies Offers SEK23/Share for CodeMill
- DNLI US : Denali Shares Tumble on Increased Operating Expense in 2025
- DBK GY : ECB Raised Concerns With Deutsche Bank Loan Risk Models: FT
- XOM US : Venezuelan Navy Nearing ExxonMobil Vessel Off Guyana Coast
- FLU AV : Flughafen Wien FY Net Income EU216.3M
- GSK LN : *FDA CONFIRMS CANCELLATION OF FLU VACCINE ADVISORY MEETING
- HPQ US : HP CEO Says He’s Considering Shifting Some Manufacturing to US
- HUSQB SS : Carnegie Smabolagsfond Adds Sinch, Cuts Husqvarna
- INGA NA : ING Buys 17.6% Stake in Van Lanschot Kempen
- BAER SW : Julius Baer Proposes Ex-HSBC CEO Noel Quinn as Chairman
- LI US : Li Auto Feb. Vehicle Deliveries 26,263 Units Vs. 20,251 Y/y
- Motel One : PAI Said to Near Motel One Investment at €3.5 Billion Valuation
- NIO US : NIO Inc. Feb. Deliveries 13,192 Vs. 13,863 M/M
- NNDX1 GY : Nordex Gets Order in Brazil From Auren Energia For 112 MW
- Ottobock : Ottobock Aims to Raise €1B in German IPO Later This Year: FT
- 1913 HK : Prada Shares Jump in Hong Kong as Versace Deal Seen Nearing (+2.87%)
- RIO LN : Rio Tinto: Shipping Resumes at Dampier Port in Western Australia
- IDS LN : Royal Mail takeover delayed by fears of Russian meddling in Romania
- SAN FP : *FDA CONFIRMS CANCELLATION OF FLU VACCINE ADVISORY MEETING
- Sapa Group : Italian Auto-Parts Supplier Sapa to Buy European Rival Megatech
- SHEL LN : Shell Explores Sale of Chemicals Assets in U.S. and Europe -- WSJ
- SHLF NO : Shelf Drilling 4Q Adjusted Ebitda $85.0M Vs. $114.2M Q/Q
- SIKA SW : Sika Acquires Cromar Building Products; No Terms
- SINCH SS : Carnegie Smabolagsfond Adds Sinch, Cuts Husqvarna
- Space X : NASA, SpaceX Target Spherex, Punch Missions Launch on March 4
- Space X : FAA Authorized SpaceX Starship Flight 8 launch
- SPR US : Spirit Aero 4Q Revenue Beats Estimate
- STLA US : France New Car Registrations Dip on Lower Stellantis Sales
- TSLA US : Tesla Extends Early-Year Slump With 26% Sales Decline in France
- TSLA US : BYD’s Feb. Passenger Vehicle Sales Surge 161% Y/Y
- TSLA US : Anti-DOGE protests at Tesla stores target Elon Musk's bottom line
- TUI GY : TUI CEO Outlines Plans to Sell Seats on Other Airlines: FT
- VLK NA : ING Buys 17.6% Stake in Van Lanschot Kempen (1)
- VOW GY : Volkswagen Files Recall of 60,490 Vehicles: NHTSA