Contracts for US and European equities dropped, brushing off gains in Asian stocks as investors navigate the trade war and earnings from Wall Street’s big tech companies. Euro Stoxx 50 contracts fell 0.4%, while contracts on the S&P 500 declined 0.5%, after Google’s parent Alphabet Inc. and Advanced Micro Devices Inc. tumbled in extended trading. A gauge of Asian shares rose for a second straight day while equities fell in China, which reopened Wednesday after Lunar New Year holidays. The yen gained against the greenback and gold rose to a record high on haven demand. Asian technology shares tracked their US peers higher just as investors turned cautious on China, which retaliated soon after the US imposed a 10% tariff on all imports from the Asian country. The first volleys in the latest US-China trade war made clear that Xi Jinping is taking a more cautious approach than during Donald Trump’s first term. 10-year Treasuries and an index of dollar strength extended losses, after US job openings fell in December by more than forecast to a three-month low. The US jobs data “eased concerns about aggressive Fed rate hikes, which led to a weaker dollar, providing a tailwind for Asian markets,” said Manish Bhargava, chief executive officer at Straits Investment Management. “Investors may be adopting a ‘wait-and-see’ approach to the US-China trade war, shifting focus to broader economic indicators.” Traders are turning to the US ISM services data for more clues on the Federal Reserve’s rate path. Activity in the services sector likely grew more slowly in January amid winter storms across much of the country and wildfires on the West Coast. High-frequency payroll data suggest hiring activity was relatively steady on a seasonally adjusted basis, according to Bloomberg Economics. Amid rising trade tensions, the US Postal Service said it was temporarily suspending inbound international packages from China and Hong Kong. While it’s not clear what prompted the move, it comes after Trump revoked a “de minimis” rule for China, which previously allowed small packages under $800 to enter the US duty-free. Trump told reporters there’s no rush to talk to Xi and he’ll speak to the Chinese president at the appropriate time. While China’s tit-for-tat response to US was seen by some investors as a measured response to avoid a full-blown standoff, others are concerned that the weaker-than-expected manufacturing activity data and yuan’s depreciation could weigh on Chinese stocks.
Nikkei +0.09% Hang Seng -1.25% CSI -0.56% Shanghai -0.63% Shenzen +0.44%
Eur$ CNH CNY JPY GBP CHF RUB TRY WTI$ Gold BTC ETH
S&P -0.56% Nasdaq -0.78% EuroStoxx -0.40% FTSE -0.28% Dax +0.37% SMI -0.03%
Macro :
- Crypto Czar Sacks Is Studying Feasibility of US Bitcoin Reserve
- Xi’s Reply to Trump Tariffs Shows China Has More to Lose
- UK-France Eleclink Cable Outage Shortened 5 Days to Feb. 5
- EU Prepares to Target Silicon Valley if Trump Pursues Tariffs:FT
- Class 8 Truck North American Orders Fall 9.1% YoY in January
Keep an eye on :
Keep an eye on :
- ALFA SS : Alfa Laval 4Q Adjusted Ebita Misses Estimates
- ALMB DC : Alm Brand 4Q Pretax Profit Beats Estimates
- ALMA FH : Alma Media 4Q Adjusted Operating Profit Beats Estimates
- BPM IM : UniCredit Submits BPM Bid to Government for Green Light: Ansa
- ACA FP : Credit Agricole 4Q Net Income Beats Estimates
- DEMANT DC : Demant FY Hearing AIDS Revenue Meets Estimates
- DNB NO : DNB Bank 4Q Net Interest Income Beats Estimates
- ELI BB : Elia Postpones Signing HVDC Deals for Princess Elisabeth Island
- EQNR NO : Equinor 4Q Adj Oper Income After Tax Beats Estimates (1)
- ALESK FP : Esker Squeeze-Out Requested by Bridgepoint-Backed Bidder
- FXPO LN : Ferrexpo Plunges 51% After $3.8 Billion Ukrainian Civil Claim
- FCT IM : Fincantieri Gets Order for Four Vessels by Norwegian Cruise Line
- GSK LN : GSK 4Q Adjusted EPS Beats Estimates; Boosts Long-Term View
- DLAR LN : UK Banknote Printer Weighs Bids for Entire Firm; Shares Jump
- DLAR LN : UK Banknote Printer Weighs Bids for Entire Firm; Shares Jump
- SHBA SS : Handelsbanken 4Q Net Interest Income Beats Estimates
- HUSQB SS : Husqvarna 4Q Net Sales Beats Estimates
- KEZSKOB FH : Kesko 4Q Adjusted Ebit Misses Estimates
- LOOMIS SS : Loomis 4Q Ebita Beats Estimates
- HLUNB DC : Lundbeck Sees 2025 Revenue at Constant Currency +7% to +10%
- MELE BB : Melexis 1Q Revenue Forecast Misses Estimates
- MTRS SS : Munters 4Q Net Sales Beats Estimates
- NOD NO : Nordic Semiconductor 1Q Revenue Forecast Beats Estimates
- NORION SS : Norion Bank 4Q Operating Profit Beats Estimates
- NOVOB DC : *NOVO 4Q WEGOVY SALES DKK19.87B, EST. DKK19.99B Novo Sees 2025 Sales at Constant Exchange Rates +16% to +24%
- PNDORA DC ; Pandora Sees 2025 Organic Revenue +7% to +8%, Est. +9.91%
- RNO FP : Nissan Said Likely to Reject Honda Offer in Blow to Tie-Up (1)
- RILBA DC : Ringkjoebing Landbobank FY Pretax Profit Meets Estimates
- SAN SM : Santander Commits to Spend €10B in Buybacks Over 2025, 2026 (1)
- STADA IPO : Stada CEO Sees Strong Demand Ahead of Big Europe IPO: ECM Watch
- UCG IM : UniCredit Submits BPM Bid to Government for Green Light: Ansa
- WRT1V FH : Wartsila 4Q Adjusted Ebit Beats Estimates