Asian stocks carried over the positive tone from Wall Street after a tech-led rally, aided by gains in China after a central bank official hinted at the possibility of fresh monetary easing. Shares rose from Australia to South Korea and Japan, where trading resumed following a holiday break. Samsung Electronics shares fell, bucking the broader trend after the company posted its sixth straight quarter of declining operating profit. Hong Kong and mainland Chinese stocks also gained after a senior Chinese central bank official signaled that authorities are prepared to keep policy loose by cutting banks’ official reserves. Contracts for US stocks were virtually flat after the Nasdaq 100 outperformed on Monday. Treasuries yields slipped while the dollar was steady in Asia trading. Apart from the latest tech rally, investor focus also will be on key inflation readings from the US and China later this week. Data released earlier showed consumer price gains in Tokyo slowed for a second month in December, broadly in line with the Bank of Japan’s view that import-driven price pressures are subsiding. Concerns over China’s growth outlook and policy uncertainties still keep investors cautious about the country’s stocks and could cause Chinese equities to “trade in the limited range in the near term,” said Jasmine Duan, senior investment strategist at RBC Wealth Management. The tech rally in US stocks on Monday came as Nvidia Corp. surged after announcing new artificial-intelligence products for personal computers. In contrast, Boeing Co. sank as its 737 Max 9 model was temporarily grounded by authorities. Elsewhere bitcoin consolidated after a surge past $47,000 on bets that the US is poised to approve the launch of the nation’s first exchange-traded funds investing directly in the world’s largest digital asset. US After Hours MXCT +11.5% up on guidance; URBN +6% up on solid holiday sales; U +3.6% higher after workforce reduction; EXTR -8.8%, TCS -8.5%, MCHP -4.3% all down on guidance.
Nikkei +1.02% Hang Seng +0.32% CSI +0.29% Shanghai +0.32% Shenzen +0.46%
Eur$ 1.096 CNH 7.1676 CNY 7.1596 JPY 143.64 GBP 1.2747 CHF 0.8474 RUB 91 TRY 29.94 WTI$ 70.80+0.05% Gold 2,033 +0.27% BTC 46,875 -0.51% ETH 2,310 -1.24%
S&P -0.13% Nasdaq -0.15% EuroStoxx +0.27% FTSE +0.30% Dax +0.25% SMI
Macro :
- Franc Is Pricier Than Appears in REER-View Mirror: Macro Models
- Trader’s Quick Trigger on Biotech Bet Leaves $5 Million on Table
- Borsa Istanbul Banks Sector Index Rises 8.9%
- Borsa Istanbul Banks Sector Index Rises 8.9%
- Logical Bullish View on US Stocks Is Flawed: Markets Live 2024
- Bill Gross Says 10-Year Treasuries at 4% ‘Overvalued’
- UBS’s Lefkowitz Raises S&P 500 Target to 5,000 on EPS Upside
- BITCON RISES TO $47,000 FOR THE FIRST TIME SINCE APRIL 2022
Keep an eye on :
Keep an eye on :
- AIR FP : Airbus Nearing Widebody Jet Order From Delta: Reuters
- AF FP : Griffin Global Delivers Two Airbus A350 Aircraft to Air France
- NDA GY : Aurubis Says Legal Probe Into Copper Scam to Finish This Month
- BC IM : Brunello Cucinelli FY Revenue Beats Estimates
- CYTK US : *CYTOKINETICS CLOSES AT RECORD HIGH, UP 15% AFTER WSJ REPORT
- DHR US : Danaher Sees 4Q Revenue Down in Low-Double Digit Range Y/y
- IFX GY : Infineon to Examine Expert Opinion in Qimonda Legal Dispute
- JD US : JD.com Unit Dives 46% After Disclosing ‘Suspicious’ Revenue
- JNPR US : HPE’s Potential Juniper Takeover Beefs Up Cloud, Telecom
- MTCH US ; Elliott Builds Roughly $1 Billion Position in Tinder Owner: WSJ
- MXCT US : MaxCyte Gains as Prelim. 4Q Sales Are Higher Than Year-Ago
- MRK GY : Merck KGaA FY Sales Guidance Trending Slightly Below Mid-Point
- MRN FP : Foissaud Named Bpifrance Representative on Mersen Board
- EGP PL : Mota-Engil Takes Full Control of Suma from Urbaser
- NESN SW : Nestle to Invest Additional $100M in South Vietnam: Chung Khoan
- NKE US : Nike’s Pact With Tiger Woods Ends After 27 Years: Consumer Wrap
- PKTM AV : Pierer Mobility Cut to Hold at Jefferies
- PGS NO : PGS Prelim 4Q Revenue About $265M, Est. $210M
- PIRC IM : Tronchetti Holdings to Raise Pirelli Indirect Control to 20.6%
- REP SM : JPMorgan Discloses 5.4% Stake in Spain’s Repsol
- RUM US : Rumble Part of Active and Ongoing SEC Investigation: Wired
- RYA ID : Ryanair boss calls on Boeing to improve quality control after mid-flight accident
- SW FP : Sodexo Names Sébastien de Tramasure as CFO
- SNBN SW : SNB Skips 2nd Payout in a Row as Record Loss Haunts Central Bank
- TECN SW : Tecan Prelim FY Sales CHF1.07B
- TGS NO : TGS Prelim 4Q Net Revenue About $189M, Est. $282.9M
- 700 HK : A $32 Billion Rout May Not Be End of Tencent’s Woes, Tencent Leads a 20% Surge in Hong Kong Buybacks as Shares Bleed
- TIT IM : KKR to Notify EU of TIM Network Buyout by End of January: Rtrs
- TRI FP : Trigano 1Q Revenue Beats Estimates
- U US : Unity Software to Cut 1,800 Employees, About 25% of Workforce
- VOW GY : Volkswagen to Deploy Cerence’s Chat Pro
- VOW GY : Volkswagen to Deploy Cerence’s Chat Pro