Asian equities traded in a narrow range in the run-up to Friday’s US payrolls report and a possible Supreme Court ruling on President Donald Trump’s tariffs. The MSCI Asia Pacific Index opened higher, then fell as much as 0.2%, and then edge up again as markets struggled for direction. Alibaba Group Holding Ltd. rose as much as 4.8% in Hong Kong after China’s plan to approve imports of Nvidia’s H200 chips. Rio Tinto Group shares slumped after the company resumed talks to buy Glencore Plc to create the world’s biggest mining company. Equity-index futures indicated a positive open for European stocks, while contracts for US benchmarks were flat. Treasuries slipped, while a Bloomberg gauge of the dollar was set for its best week since November. During the US session, mortgage-backed securities rallied after Trump said he was directing the purchase of $200 billion of mortgage bonds. Traders are bracing for two back-to-back risk events on Friday that may sway the mood of the market in the near term, marking one of the biggest tests for global equities since their rebound from April’s tariff-driven slump. The US payrolls for December is particularly important for the clues it will offer on the Federal Reserve’s path for interest rates. Economists surveyed by Bloomberg anticipate 70,000 new positions were added to the US economy in December, slightly higher than the prior month, while the unemployment rate is expected to fall to 4.5%. BNP Paribas Chief Economist Isabelle Mateos y Lago speaks on Bloomberg TV about the growth outlook for equities in 2026, and shares her thoughts on whether optimism towards AI and tech stocks will endure. Jobs data will help illuminate the path ahead for US interest rates. Money markets are pricing in at least two quarter-point cuts from the Fed in 2026. The Supreme Court is also poised to decide the fate of most of Trump’s tariffs as soon as Friday. Hundreds of companies have already lined up hoping to recoup their share of the billions of dollars in duties paid so far. In other corners of the market, oil extended its gain as investors monitored developments in Venezuela and Iran. Silver and gold edged down. The South Korean won weakened against the dollar as the country announcing introducing 24-hour currency exchange trading in July.
Chinese shares rose after inflation in the nation accelerated at the fastest pace in nearly three years, in an upswing largely driven by higher food costs that are masking deeper deflationary pressure. Mortgage bonds advanced and home-lender stocks in the US rallied after Trump’s move to bring down the cost of housing. There are roughly $9 trillion worth of agency mortgage bonds outstanding. Meanwhile, spreads on global investment-grade corporate bonds are on track to end the week slightly tighter at about 79 basis points on average, according to a Bloomberg index.
That’s a sign of strong demand for credit, given that more than the $100 billion of the better-rated company notes have been priced this week, in what has been a record start to issuance around the world, data compiled by Bloomberg show. US After Hours GM -2% expects $6 bln EV charge; AXTI -28.5%, PCRX -9.7%, WDFC -9.1% lower on earnings/guidance; KALV +13.8% provides update on EKTERLY launch; Trump wants govt to purchase $200 bln in mortgage bonds.
Nikkei +1.61% Hang Seng +0.23% CSI +0.21% Shanghai +0.71% Shenzen +1.10%
Eur$ 1.1651 CNH 6.9818 CNY 6.9832 JPY 157.35 GBP 1.3429 CHF 0.7998 RUB 80.2789 TRY 43.1518 WTI$ 58.21 +0.76% Gold 4,466 -0.26% BTC 90,900 -0.33% ETH 3,110 -0.12% SOL 139.49 -0.02%
S&P +0.03% Nasdaq +0.03% EuroStoxx +0.34% FTSE +0.24% Dax +0.12% SMI +0.03%
Macro :
- Iran Shuts Down Internet in Crackdown on Escalating Protests,
- Biotech’s M&A hot streak - FT
- Macro Trading’s Big Year Has a Familiar Winner in Louis Bacon
- Sona Adds $6.6 Billion as Investors Look Beyond Big Hedge Funds
- Sona Adds $6.6 Billion as Investors Look Beyond Big Hedge Funds
- Rokos’ Hedge Fund Joins Macro Peers’ Surge With Gains of 21%
- Qube’s Main Hedge Fund Gained 30%, Torus Made 20% Last Year
- Millennium's corporate strategy head is leaving the $83.5 billion hedge fund
- Luxury Retail Picks Up in China’s Hainan Island, Gold Retailers Shine Brightest - WWD
- NASA to Stage First-Ever Space Medical Evacuation for Astronaut
- Oil Executives to Meet Trump at White House at 2pm Friday: CBS
- Vitol, Trafigura Test US Refiners’ Appetite for Venezuelan Oil
- Market Bubbles Go Way Beyond AI, Says Richard Bernstein Advisors
- European Commission president says Moldova’s progress on EU path is remarkable
Keep an eye on :
Keep an eye on :
- AMZN US : Amazon Won’t Bail Saks Global Out Anytime Soon: Source - WWD
- AAPL US : The Man Who Could Be Apple’s Next C.E.O. - NYT
- AAPL US : The Man Who Could Be Apple’s Next C.E.O. - NYT
- AAPL US : Apple CEO 2025 Total Comp. $74.3m vs $74.6m Y/y
- BBNX US : Beta Bionics Shares Fall as Prelim. 4Q Patient Starts Miss
- BEWI NO : KMC Properties Signs Merger Plan With BEWI Invest
- IAG LN : Aer Lingus Halts Ticket Sales on Manchester Long-Haul Flights
- CVNA US : Carvana Robotaxi Effect Makes Morgan Stanley an Even Bigger Bull
- CLASB SS : Clas Ohlson Dec. Sales +5%
- CVC NA : CVC Capital Partners leads race to buy ValueLabs
- 1 HK : CK Hutchison Said to Pick Goldman, UBS for Watson HK-London IPO
- LLY US : Lilly’s Zepbound Plus Arthritis Drug Taltz Eases Joint Pain
- LLY US : Eli Lilly-Backed Aktis Oncology Gets $317.7 Million in US IPO
- ENX FP : Euronext Dec. Total Cash Market Transaction Value Y/y +13%
- FNMA US : Pulte: Trump Told Fannie, Freddie to Buy $200b in Mortgage Bonds
- FRVIA FP : Faurecia: FORVIA and Sinopec Capital partner to accelerate hydrogen growth in China -09th January 2026
- FRO US : Frontline Sells Eight VLCCs, Buys Nine Newbuilds
- GLEN LN : Glencore and Rio Tinto Have Restarted Merger Talks, FT Says
- GM US : GM discloses $7bn hit from EV transition and China restructuring - FT
- GOOGL US : Alphabet Overtakes Apple in Size, Big Tech Mostly Down: TMT Wrap
- GTT FP : GTT Gets Samsung Heavy Order for Tank Design of Two LNG Carriers
- INTC US : Trump Praises Intel After ‘Great Meeting’ with CEO
- JNJ US ; J&J Reaches Pact With US For Tariff Relief, Drug Discounts
- KER FP : Anta Shares Slip After Reported Offer to Buy 29% Stake in Puma
- KMCP NO : KMC Properties Signs Merger Plan With BEWI Invest
- M US : Macy’s Discloses 14 Stores Closing This Year - WWD
- MRK US : Merck in talks to buy cancer drugmaker Revolution Medicines for up to $32bn - FT
- NVDA US : Nvidia-Backed Cloud Provider Lambda in Talks to Raise $350 Million Ahead of IPO - The Information
- ONON US : On Holding Falls as Williams Cuts to Hold on Slower Growth
- PCRX US : Pacira BioSciences Dips, Prelim 4Q Exparel Revenue Misses (1)
- PSKY US : Paramount Skydance Seeks Strategic Partners to Help Reinvent MTV
- 1913 HK : Prada :
- RVMD US : Revolution Medicines Jumps on Report Merck in Talks to Buy
- RIO LN : Glencore, Rio Tinto Confirm in Preliminary Talks
- SCYR SM : Will undertake capital increase of up to €24M via scrip dividend equivalent to €0.05/shr
- SOHO US : Soho House take-private at risk after backer pulls $200mn funding - FT
- Strava IPO : Strava Filed Confidentially for IPO, Hired Goldman Sachs - The Information
- SUNN SW : Sunrise Looks Into Cutting up to 190 Jobs, Including Leadership
- SNBN SW : SNB Profit Weathers Franc Hit With Help From Stocks and Gold
- TMV GY : TeamViewer Prelim FY Revenue Misses Estimates
- TECN SW : Tecan FY Sales Meet Estimates
- TSLA US : *XAI BURNED ABOUT $8 BLN CASH IN FIRST 9 MONTHS OF 2025
- TSLA US : Australia Regulator Raises Concerns About Misuse of Grok
- TGS NO : TGS Says Preliminary M/C Investment ‘Close to’ $120m in 4Q
- TKA GY : Thyssenkrupp Mulls Phased TKSE Sale to Jindal: Rtrs
- TNXT IM : Italy Govt Imposes Tinexta to Separate Defense Assets (Earlier)
- TTAM US : Titan America to Buy Keystone Cement
- 2330 TT : TSMC : TSMC Revenue Beats Estimates In Upbeat Outlook For AI Spending
- VRLA FP : Verallia Says AGCM Investigation to Close, Confirms Compliance
- VIRI FP : Oil-Services Firm Viridien Mulls Selling Sensor Unit to Cut Debt
- YAR NO : Yara Targets $600m Free Cash Flow Expansion With $250m Delivered