Traders Market Weekly: Record Highs with Netflix, PCE & Tesla Risk

Viewing 15 posts - 1 through 15 (of 96 total)
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  • #70257
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended Tuesday on a mixed note.

    Japan’s Nikkei: -0.8%,
    Hong Kong’s Hang Seng: -2.2%,
    China’s Shanghai Composite: +0.3%,
    India’s Sensex: -0.3%,
    South Korea’s Kospi: -1.1%,
    Australia’s ASX All Ordinaries: -1.1%.

    #70258
    Truman
    Participant

    Japan
    December PPI 0.3% m/m (expected 0.0%; last 0.3%); 0.0% yr/yr (expected -0.3%; last 0.3%)

    #70259
    Truman
    Participant

    South Korea
    December Import Price Index -4.1% yr/yr (last -8.8%)
    Export Price Index -2.3% yr/yr (last -7.4%)
    South Korea’s President Yoon vowed to meet North Korea’s provocations with a response on a “multiplied scale.”

    #70260
    Truman
    Participant

    Australia
    January Westpac Consumer Sentiment -1.3% (last 2.7%).
    November Building Permits 1.6% m/m, as expected (last 7.2%); -4.6% yr/yr, as expected (last -5.5%)

    #70261
    Truman
    Participant

    New Zealand
    Q4 NZIER Business Confidence -2% (last -52%)
    Q4 Capacity Utilization 91.4% (last 87.3%)

    #70262
    Truman
    Participant

    China
    The People’s Bank of China left its medium-term policy rate unchanged, but there was speculation about more stimulus in the near future.
    FT reported that some institutional investors in China have been instructed not to sell stocks.

    #70263
    Truman
    Participant

    Major European indices trade in the red.
    STOXX Europe 600: -0.4%,
    Germany’s DAX: -0.4%,
    U.K.’s FTSE 100: -0.3%,
    France’s CAC 40: -0.3%,
    Italy’s FTSE MIB: -0.3%,
    Spain’s IBEX 35: -0.7%.

    #70264
    Truman
    Participant

    Eurozone
    January ZEW Economic Sentiment 22.7 (expected 21.9; last 23.0)
    European Central Bank policymaker Holzmann said that the market should not count on rate cuts taking place in 2024 while policymaker Heredotou said that it is too early to discuss cuts at this time.

    #70265
    Truman
    Participant

    Switzerland will organize a peace conference at the request of Ukraine’s President Zelenskiy.

    #70266
    Truman
    Participant

    Germany
    January ZEW Economic Sentiment 15.2 (expected 12.0; last 12.8)
    ZEW Current Conditions -77.3 (expected -77.0; last -77.1).
    December CPI 0.1% m/m, as expected (last -0.4%); 3.7% yr/yr, as expected (last 3.2%)

    Commerzbank and Deutsche Bank are reportedly restarting merger talks.

    Germany’s BDI association of industry expects domestic growth of just 0.3% in 2024.

    #70267
    Truman
    Participant

    U.K.
    November Average Earnings Index + Bonus 6.5% yr/yr (expected 6.8%; last 7.2%).
    November three-month employment change 73,000 (expected 50,000; last 55,000)
    November Unemployment Rate 4.2% (expected 4.3%; last 4.2%).
    December Claimant Count change 11,700 (expected 18,100; last 600)

    British pension funds are reportedly preparing to sell up to GBP200 bln worth of assets.

    #70268
    Truman
    Participant

    Italy
    December CPI 0.2% m/m, as expected (last -0.5%); 0.6% yr/yr, as expected (last 0.7%)

    #70269
    Truman
    Participant

    Tesla (TSLA 215.67, -3.22, -1.5%): down pre-open after CEO Elon Musk said “I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned.”

    #70270
    Truman
    Participant

    Home Depot (HD 358.00, +2.29, +0.6%): upgraded to Overweight from Neutral at Piper Sandler
    Starbucks (SBUX 92.50, +0.52, +0.6%): upgraded to Overweight from Equal Weight

    #70271
    Truman
    Participant

    Apple (AAPL 183.13, -2.79, -1.5%): trading down premarket after some headlines;
    closes 121 person team related to artificial intelligence in San Diego, according to Bloomberg;
    will remove blood oxygen sensor from Apple Watch, according to WSJ;
    aiming to discount iPhones in China by $70, according to NY Times

Viewing 15 posts - 1 through 15 (of 96 total)
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