Asian equities climbed to a new all-time high, led by Chinese technology shares, as investors rotated into regional stocks in search of more attractive valuations and stronger growth prospects. The MSCI Asia Pacific Index rose 0.6%, with more than two stocks advancing for every one that declined. A gauge of Hong Kong-listed Chinese tech shares jumped to the strongest level since November, while the benchmark index in Shanghai was headed for its highest close since 2015. Equity-index futures for the US and Europe also edged higher, indicating the rally will have more legs to continue. Asian shares are still relatively cheaper compared with US tech stocks. The MSCI regional equities gauge has a price-to-earnings ratio of 15, compared with 22 for the S&P 500 Index and 25 for the Nasdaq 100 Index. Investors have continued to add to stocks, largely unfazed by tensions in Latin America, extending a three-year bull run driven by demand for technology and artificial-intelligence–linked shares. Equities have rebounded from April lows as Federal Reserve rate cuts and optimism around AI-supported earnings underpinned sentiment. This is poised to be a “strong year” for risk assets — the triumvirate of easing fiscal, monetary, and regulatory policy should work together in a pro-cyclical way, Morgan Stanley’s Serena Tang and Seth Carpenter wrote in a note Monday. For stocks, the main themes, in the US especially, will be stronger earnings growth and broadening leadership, while AI financing and a revival of M&A will take center stage in credit markets. The analysts are overweight on global equities. In other corners of the market, the Bloomberg gauge of the dollar slipped for a second consecutive day. Treasuries steadied after yields on the benchmark 10-year slipped three basis points to 4.16% when a report showed US manufacturing activity shrank in December by the most since 2024. That supported the case for more easing by the Fed. Precious metals reversed early weakness. Gold edged up 0.2%, rising above $4,450 an ounce, while silver jumped 1.7%. The commodities jumped on Monday after after the US capture of Venezuela’s President Nicolas Maduro. Oil steadied after the biggest gain in a week. The bullish attitude showed up in equity derivatives as well. A “mix of momentum chasing and rebound plays reflects a more constructive tone than most of 2025, with sentiment and positioning turning decisively less bearish,” said derivatives strategist Chris Murphy of Susquehanna International Group, in a note Monday. Key US economic data will likely shape the week ahead. In addition to the December jobs report, the Bureau of Labor Statistics will issue figures on Wednesday for November job openings, quits and layoffs. The Fed lowered its target band for short-term lending rates at its past three meetings in response to weakening labor-market conditions, and officials are expected to reduce it further this year. Later in the week, the US government will report on housing starts, while the University of Michigan issues its preliminary January consumer sentiment index. US After Hours MCHP +3.2% nicely higher on upside guidance; ZETA +7.4% on strategic collaboration with OpenAI; VEEV +2.1% after authorizing new $2 bln share repurchase program.
Nikkei +0.95% Hang Seng +1.78% CSI +1.15% Shanghai +1.14% Shenzen +0.87%
Eur$ 1.1733 CNH 6.9763 CNY 6.9812 JPY 156.39 GBP 1.3557 CHF 0.7911 RUB 81.2603 TRY 43.0356 WTI$ 58.13 -0.33% Gold 4,463 +0.32% BTC 93,812 -0.30% ETH 3,224 -0.40% SOL 138.59 +0.12%
S&P +0.15% Nasdaq +0.23% EuroStoxx +0.18% FTSE +0.35% Dax +0.28% SMI +0.34%
Macro :
- US to Meet With Oil Executives This Week on Venezuela Revival
- Hedge Funds Ramped Up Bullish Oil Bets Ahead of Maduro’s Capture
- Banks Split on Proposed EU Delay to Capital Rules, Survey Shows
- Goldman Sees European Stocks Achieving ‘Modest’ Gains in 2026
Keep an eye on :
Keep an eye on :
- ABI BB : AB InBev Reacquires 49.9% in Metal Container Plants for ~$3B (1)
- AMD US : AMD Unveils New Chip For Corporate Data Centers, Talks Up Demand
- BAKKA NO : Bakkafrost Prelim 4Q Farming Harvest in Faroes Island Beats Est.
- CA FP : Carrefour Enters Ethiopian Market in Deal With Midroc: Statement
- DBK GY : Deutsche Bank Hires Ed King as Vice Chair of Global M&A
- DBK GY : Deutsche Bank Hires Ed King as Vice Chair of Global M&A
- SCMN SW : Fastweb Reorganizes EU9.3B of Debt Linked to M&A Deal: Sole
- INGA NA : ING Group to Pay Dividend of EU17.2c Per Share
- INGA NA : ING Group to Pay Dividend of EU17.2c Per Share
- INPST NA : InPost Shares Surge 11% as Short Sellers Seen Beating a Retreat
- NVDA US : Nvidia Picks Chinese Lidar Maker Hesai as Laser Tech Partner
- PIRC IM :Italy and Pirelli try to end Chinese involvement in tyremaker - FT
- ROG SW : Structure Therapeutics Licenses GLP-1 IP to Roche, Genentech
- SAN FP : Sanofi’s Cablivi FDA Approved For Blood Disorder For Some Kids
- SMG SW : SMG, Swiss Price Watchdog Reach Deal on Ricardo, SMG Real Estate
- GPCR US : Structure Therapeutics Licenses GLP-1 IP to Roche, Genentech
- TLGTM Bonds : Telegram Bonds in Russia Worth $500m Frozen Under Sanctions: FT
- TSLA US : Tesla China Offers Low-Interest, Interest-Free Car Loans
- TOM2 NA : Tomtom and Uber Renew Partnership on Mapping Technology
- TRI FP : Trigano 1Q Revenue EU833.4M Vs. EU769.8M Y/y
- UCG IM : UniCredit Converts Alpha Bank Stake to Direct Holding of 29.8%
- VST US : Vistra Buying US Gas-Power Fleet for $4 Billion to Deepen AI Bet
- VOW GY : *VOLKSWAGEN AMERICA 4Q SALES 82,798 VEHICLES, -19.8% Y/Y
- WDP BB : WDP Buys Logistics Site in Port of Le Havre for €58M
- ZIM US : *ZIM INTEGRATED SHARES QUICKLY EXTEND DROP, DOWN 5%