A positive trend in Asia; The Niki rose by 1.3%

09:12

This morning in Asia, the main indices are traded in a positive trend. The Niki rises by 1.4%, a Shanghai stock exchange adds 0.2%, the hanging sang jump by about 3%and the phosphorus index increases by 1.3%.

The future contracts in the US are traded in lightness.

Last night in Wall Street, after a sharp decline following the publication of the Consumer Price Index, mixed trading was locked in a mixed trend. NASDAC was unchanged, Dow Jones dropped 0.5% and S&P 500 by 0.3%.

A stock Tesla Recovered last night and rose by 2.5%. It may be about 15% from the beginning of the year, and completed a sharp fall of about 30% since the peak at the end of last year, some see it as a purchase opportunity. Behind the sudden fall is a complex story, which among its many challenges is a significant challenge of identity crisis. Musk tries to re -position the vehicle giant as an artificial intelligence company and not just as a car manufacturer.

But in the meantime, more and more cracks are revealed on all fronts: his latest and ambitious procurement proposal to buy the artificial intelligence giant OpenAi for $ 97.4 billion (which has been assigned to resistance from Sam Altman), or the competitive threat from China that becomes constantly tangled when BYD declared a combination of AI technology – On the autonomous vehicle Tesla, especially when the Chinese company plans to embed the system even in its cheap models, which are lower than those of the American car company.

Super micro compulsion The server maker has risen by about 3% despite a cut in the annual financial revenue forecast 2025. The company’s CEO Charles Liang also expressed confidence that the company will be able to submit the annual report that is detained until the deadline on February 25.

misfortune A matter of interest last night after it was reported that the company plans to cut 15% to 20% of its global workforce until next year, as part of the efforts to reduce costs and increase profitability. The American oil giant has employed 46,500 workers around the world at the end of 2023, so the cuts may affect up to 9,000 employees. Recently, the company has transferred its headquarters from San Ramon, California, Houston, Texas, and is aimed at saving $ 2 to $ 3 billion in structural costs by 2026.

“Chevron takes steps to simplify the organizational structure, to increase efficiency and performance, and to strengthen the company’s competition in the long run,” said Deputy Chairman Mark Nelson in a statement published on Wednesday. Of the state – whale and Tamar.

The Swiss Bank Lombard Odir experts continue to estimate that the stock investment environment remains attractive, mainly due to the firm growth in the US, the global monetary policy and the continued increase in companies.

In their estimation, the latest declines in the capital markets, which stem from increased volatility, are seen as an opportunity for buying, with the periodic sectors and dynamic markets expected to lead over more defensive sectors: “The latest economic data in the US indicate recovery in cyclic sectors, along with a high growth in companies. Forecices for 2025 indicate a 12% increase in American companies profits, with the potential for an increase of about 10% in the S&P 500. ”

In the American debt market, government bond returns are slightly declining this morning. The 10-year return trades around 4.61% and the two-year return is 4.33%.

Bank of America noted in their review because they see the risk of weakening the dollar if the War of Trade: “On the face of it, the cover risks supported the dollar, but we argue that in the scenario of American lids against the rest of the world, the dollar may be weakened. After the inauguration when the new government did not open up with customs, it was strengthened when he threatened Canada and Mexico, and did not respond significantly to a 10% customs against China. The week was strengthened again, with the US imposing a 25% customs on steel and aluminum imports and threatened mutual customs on each import. This positive response to the dollar for American customs match the theory.

“Despite the high tariffs since 2016, developed countries currently have relatively low tariffs. In the US, the weighted average customs rate is estimated by the World Bank by only 1.6%. Although the American economy is less dependent on trade, it will be more than most economies if it is ‘the US against the rest of the world’ in a trade war. A lot will depend on the US quota details, the scope of response, the risk sentiment, the monetary policy response and the longest implications The range of potential growth.

“In summary, we see a risk of weakening the dollar in the long run if the trade war is altered, despite the initial positive response to the customs,” the US Bank noted.

● American sanctions give the gold price to the peak of all time

In the goods market, oil prices fell by about 1% on Wednesday. The price of a Brent barrel traded around $ 76.2 and the price of a WTI barrel was 72.4 dollars.

In the macro, the CPI for January in the US was 3%above the viewer (2.9%) and over the annual rise in December. Prices rose in January 0.5%. At the “core” level of the index, which neutralizes the more volatility costs of Food and fuel, January prices rose 3.3% compared to a 3.1% and 3.2% anticipation in December.

Daniel Marie, Deputy Chief Investment Director and Swiss Bank’s Research Head, addressed the data: “The American inflation data released last night were unequivocally strong, strengthening the Fed’s decision to leave interest rates unchanged in the foreseeable future. , The combination of high inflation with a strong labor market rejects the date the central bank can consider lowering interest rates.

“The data indicate a monthly increase than expected in all metrics – both in general inflation, in the core inflation and the core inflation of services (without housing). Furthermore, looking at the last six months, inflation has emerged in all three indices, with a prominent leap from 3.7 % To 4.8% in the core of services.

“The only point of light in the report is the annual in-house inflation from 4.6% to 4.4%, which is a third consecutive decline and a significant decrease of 6.1% in February 2024.”

Later on Thursday, the UK growth data, Inflation data in Germany, is expected to be released, and the prices index to the US manufacturer.