US Treasuries rose, halting a four-day selloff that had been driven by concerns over sticky inflation that may be exacerbated by President-elect Donald Trump’s plans for fiscal stimulus. Japanese government bonds also edged higher after a 30-year auction received the strongest demand since 2020. Asian stocks fell for a second day and a gauge of emerging market equities was headed for a correction as Trump’s threat of additional trade tariffs unsettled investors. Japanese and Australian equities led the weakness in the region, while US futures also slipped. Chinese shares on the mainland and in Hong Kong fluctuated, following data that showed deflationary pressures worsened in the world’s No. 2 economy. A regional gauge of semiconductor stocks was marginally lower, following news that the Biden administration is planning an additional round of export restrictions on artificial intelligence chips. Nvidia Corp. dipped in post-market trading after the report.
A gloomy outlook for China’s economy is adding pressure on regional markets as the latest inflation readings suggest that Beijing’s stimulus efforts have so far failed to revive demand. Next up is Friday’s US employment report, which may shed more light on the Federal Reserve’s policy outlook. Meanwhile, Beijing expanded its support for the beleaguered yuan with a plan to issue a record amount of bills in the Hong Kong market to add demand for the currency overseas. Elsewhere, the Australian dollar declined as weaker-than-expected retail sales data bolstered the case for an interest rate cut next month. The yen strengthened toward 158 per dollar. Japanese workers’ base salaries grew the most in 32 years, offering potential support for the central bank to raise rates this month. Meanwhile, the country’s auction of 30-year government bonds Thursday met solid demand due to higher yields. The pound weakened for a third day, with a recent plunge in UK markets serving a fresh warning about the British economy and heaping pressure on Keir Starmer’s embattled Labour government. In commodities, oil extended Wednesday’s decline. Gold slipped. US stock markets will close Jan. 9, in observance of a national day of mourning for former President Jimmy Carter. The bond market will shut at 2 p.m. New York time. US After Hours PENG +15.3% gaining on upbeat earnings; NVDA -1.1% ticking lower following reports the Biden administration is planning another round of AI chip export curbs.
Nikkei -0.94% Hang Seng +0.01% CSI -0.09% Shanghai -0.42% Shenzen +0.47%
Eur$ 1.0305 CNH 7.3512 CNY 7.3316 JPY 158.14 GBP 1.2313 CHF 0.9107 RUB 103.5485 TRY 35.3581 WTI$ 73.33 +0.01% Gold 2,662 +0.01% BTC 94,317 -0.15% ETH 3,324 +0.75%
S&P -0.19% Nasdaq -0.23% EuroStoxx -0.16% FTSE +0.22% Dax +0.04% SMI +0.07%
Macro :
- Auto Sector Europe : Auto Stocks; China Probe Paves Way for Retaliation
- $52 Billion Cost Would Rank LA Fires Among Worst US Disasters
- *BIDEN TO FURTHER CURB NVIDIA, AMD AI CHIP EXPORTS IN FINAL PUSH
- *BIDEN TO FURTHER CURB NVIDIA, AMD AI CHIP EXPORTS IN FINAL PUSH
- Fund managers to warn FCA over US activist’s plans to shake up UK trusts
- ValueAct Posts 21% Returns in 2024 on Salesforce, Meta Holdings
- Romania to hold presidential election in May
Keep an eye on :
Keep an eye on :
- YOU GY : About You 3Q Adjusted Ebitda Margin Beats Estimates
- ARM US : SoftBank’s Arm Is Said to Explore Ampere Computing Takeover
- BP/ LN : ONGC Says BP Partnership May Unlock New Output Worth $10 Billion
- COPN SW : Cosmo Prelim FY Revenue Meets Estimates
- FGR FP : Eiffage Renews €2 Billion Revolving Credit Facility With Banks
- FFARM NA : ForFarmers Chairman Jan van Nieuwenhuizen to Step Down April 17
- GTT FP : GTT to Explore All Options for Elogen Unit in Strategic Review
- HAVAS NA : Havas Sees Net Organic Revenue Between -1.0% to -0.5% for 2024
- HNR1 GY : German Insurance Startup Element Files for Insolvency
- INTRUM SS : Intrum Initiates Reorganization After Getting Swedish Court Nod
- BAER SW : Julius Baer’s New CEO Bollinger Takes On Day-One Growth Test
- LAND SW : Landis+Gyr Nominates Zibelman to Succeed Umbach as Chair
- LTMC IM : Lottomatica Holder Gamma Intermediate Offers Shares: Terms, Lottomatica Offering by Holder Prices at EU12.50/Share: Terms
- MAAT FP : Drug Made From Fecal Matter Helps Transplant Patients in Study
- MRNA US : Moderna Is Gambling on China as Other U.S. Companies Pull Back -- WSJ
- NXU GY : Nexus to Leave SDAX, HDAX, TecDAX Due to Breach of Criteria
- NDX1 GY : Nordex Gets Order for 148 MW From DenkerWulf in Germany
- Odido IPO : Apax, Warburg Said to Tap Banks for €1 Billion-Plus IPO of Odido
- Odido IPO : Apax, Warburg Said to Tap Banks for €1 Billion-Plus IPO of Odido
- OVH FP : OVH 1Q Revenue EU263.5M Vs. EU239.8M Y/y
- PRY IM : Prysmian Targets New York Listing, More US Acquisitions: FT
- RDC GY : Redcare Pharmacy NV Prelim 4Q Revenue EU674M
- SAN FP : Sanofi Says Sarclisa Met Co-Primary Endpoints in Phase 3 Study
- 3382 JP : Seven & I Profit Drops Despite Recovery in Convenience Stores
- SIKA SW : Sika FY Sales Meets Estimates
- SNB SW : SNB Posts $88 Billion Profit, Will Resume Payouts to State
- TECN SW : Tecan Reports Prelim FY Sales of CHF934.3m, 13% Lower Than 2023
- TSLA US : Musk Says SpaceX to Provide Free Starlink Terminals in LA
- TGS NO : TGS Prelim 4Q Organic Multiclient Investment About $100m
- UBER US : NYC Is Trying to End Uber, Lyft Driver Lockouts With a Pay Hike
- UCB BB : UCB Partners With Ailux Biologics on Biologics AI Platform
- VACN SW : VAT 4Q Net Sales CHF283M Vs. CHF221.8M Y/y