China and America, a Tale of Two Markets – Traders Market Weekly

Viewing 15 posts - 16 through 30 (of 57 total)
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  • #73244

    Dow 38,797.38 125.69 0.33%
    S&P 500 5,021.84 -4.77 -0.09%
    Nasdaq 15,942.55 -48.12 -0.30%
    VIX 13.88 0.95 7.35%
    Gold 2,034.20 -4.50 -0.22%
    Oil 77.00 0.16 0.21%

    AWESEOME equity & KRYTO performance
    However, ICARUS can only fly so high

    #73257
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended Tuesday on a mostly higher note while markets in China and Hong Kong remained closed for Lunar New Year.
    Japan’s Nikkei: +2.9%,
    Hong Kong’s Hang Seng: HOLIDAY,
    China’s Shanghai Composite: HOLIDAY,
    India’s Sensex: +0.7%,
    South Korea’s Kospi: +1.1%,
    Australia’s ASX All Ordinaries: -0.2%.

    #73258
    Truman
    Participant

    Japan
    January PPI 0.0% m/m (expected 0.1%; last 0.3%); 0.2% yr/yr (expected 0.1%; last 0.2%).
    January Machine Tool Orders -14.1% yr/yr (last -9.6%)

    #73259
    Truman
    Participant

    Australia
    February Westpac Consumer Sentiment 6.2% (last -1.3%).
    January NAB Business Confidence 1 (last 0) and NAB Business Survey 6 (last 8)

    #73260
    Truman
    Participant

    New Zealand
    Q1 Inflation Expectations 2.5% (last 2.8%)

    #73261
    Truman
    Participant

    South Korea
    exports were down 14.6% yr/yr through the first ten days of February.

    #73262
    Truman
    Participant

    Japan’s Prime Minister Kishida is reportedly seeking a meeting with North Korea’s Kim Jong-un.

    #73263
    Truman
    Participant

    Major European indices trade in the red.

    STOXX Europe 600: -0.5%,
    Germany’s DAX: -0.6%,
    U.K.’s FTSE 100: -0.3%,
    France’s CAC 40: -0.4%,
    Italy’s FTSE MIB: -0.4%,
    Spain’s IBEX 35: UNCH.

    Travel company TUI beat quarterly expectations and issued upbeat guidance.

    #73264
    Truman
    Participant

    Eurozone
    February ZEW Economic Sentiment 25.0 (expected 20.1; last 22.7)

    #73265
    Truman
    Participant

    Germany

    Economists from Germany’s ZEW Institute said that the domestic economy is in a bad place and that most respondents expect rate cuts from the European Central Bank during the next six months.
    February ZEW Economic Sentiment 19.9 (expected 17.4; last 15.2) ZEW Current Conditions -81.7 (expected -79.0; last -77.3)

    Travel company TUI beat quarterly expectations and issued upbeat guidance.

    #73266
    Truman
    Participant

    U.K.
    December Average Earnings Index + Bonus 5.8% yr/yr (expected 5.6%; last 6.7%).
    December three-month employment change 72,000 (expected 73,000; last 73,000)
    December Unemployment Rate 3.8% (expected 4.0%; last 4.2%).
    January Claimant Count 14,100 (expected 15,200; last 5,500)

    Bank of England Governor Bailey said that early signs of accelerating growth are being seen.

    #73267
    Truman
    Participant

    Goodyear Tire (GT 13.29, -0.34, -2.5%): beats by $0.11, misses on revs; expects Q1 volumes to be down approximately 2%
    Waste Mgmt (WM 193.80, +5.54, +2.9%): beats by $0.21, reports revs in-line; guides FY24 revs above consensus
    Avis Budget (CAR 166.50, -1.86, -1.1%): reports Q4 (Dec) results, misses on revs
    Arista Networks (ANET 260.50, -20.38, -7.3%): beats by $0.38, reports revs in-line; guides Q1 revs in-line
    Cadence Design (CDNS 284.00, -22.58, -7.4%): beats by $0.05, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY24 EPS in-line, revs in-line
    Coca-Cola (KO 59.84, +0.14, +0.2%): reports EPS in-line, beats on revs; guides FY24 EPS in-line, expects to deliver organic revenue growth of 6% to 7%
    AutoNation (AN 154.00, +0.12, +0.1%): beats by $0.15, beats on revs
    Marriot (MAR 244.00, -4.84, -2.0%): beats by $1.45, misses on revs; guides Q1 EPS below consensus; guides FY24 EPS below consensus
    Biogen (BIIB 231.16, -13.58, -5.6%): misses by $0.23, misses on revs; guides FY24 EPS in-line, sees revenue declining by low-to-mid-single digit percentage
    Molson Coors Brewing (TAP 63.89, +1.78, +2.9%): beats by $0.07, reports revs in-line
    Hasbro (HAS 46.01, -5.28, -10.3%): misses by $0.29, misses on revs, sees consumer product segment revenue down 7-12% in FY24
    ZoomInfo (ZI 19.31, +3.29, +20.5%): beats by $0.01, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY24 EPS in-line, revs in-line
    Lattice Semi (LSCC 66.55, -4.45, -6.3%): reports EPS in-line, misses on revs; guides Q1 revs below consensus
    Teradata (TDC 42.30, -6.49, -13.3%): beats by $0.05, reports revs in-line; guides Q1 EPS below consensus; guides FY24 EPS below consensus; expects FY24 cc revenue growth of +0-2%

    #73268
    Truman
    Participant

    TripAdvisor (TRIP 25.00, +2.63, +11.8%): forms a Special Committee to evaluate any proposals that may be brought forward for a potential transaction

    #73269
    Truman
    Participant

    JetBlue Airways (JBLU 7.04, +0.97, +16.0%): Icahn Capital LP (Carl Icahn) discloses 9.91% passive stake as of February 1

    #73270
    Truman
    Participant

    Total CPI was up 0.3% month-over-month in January (consensus 0.2%) after increasing a revised 0.2% (from 0.3%) in December.
    Core CPI, which excludes food and energy, was up 0.4% month-over-month (consensus 0.3%) after increasing 0.3% in December. The shelter index jumped 0.6%, accounting for more than two thirds of the overall increase.

    On a year-over-year basis, total CPI was up 3.1% versus 3.4% in December while core CPI was up 3.9% versus 3.9% in December.

    The key takeaway from the report is that it gives Fed officials an argument to maintain their hawkish rhetoric and delay the discussion about the initial rate cut.

    The 10-yr note yield, at 4.14% just before the data, jumped to 4.30% before pulling back slightly to 4.27%.
    The 2-yr note yield, at 4.44% just before the data, shot to 4.61% in response before pulling back to 4.59%.
    The U.S. Dollar Index also surged in response to the CPI data, up 0.6% to 104.84 after hitting 103.97 overnight.

    Core Inflation Rose More Than Expected Again in January, Fed Hawkish Rhetoric Justified

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