The market overview in the morning, compiled by Dow Jones Newswires:
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+++++ holiday notice +++++
Monday: In Japan, the stock exchanges are closed due to the holidays to honor the Kaiser birthday.
+++++ Daily topic +++++
According to an agency report, Google has a formal cartel lawsuit in the house because of its search engine. As Reuters reports, Google has not convinced the EU Commission with its concessions when presenting the search results that the service observes the cartel regulations of the EU. In March 2024, the Commission launched an investigation of the suspicion that Google disregarded the EU Digital Markets Act.
+++++ Outlook economy +++++
– US
14:30 Chicago Fed National Activity Index (CFNAI)
+++++ Overview of indices +++++
Stand +/- %
E-Mini-Future S & P-500 6.060.75 +0.5%
E-Mini-Future Nasdaq-100 21,791.75 +0.5%
Nikkei-225 holiday
Hang-Seng index 23,412.89 -0.3%
Kospi 2,645.27 -0.4%
Shanghai composite 3,369.10 -0.3%
S&P/ASX 200 8,308.20 +0.1%
+++++ Financial markets +++++
East Asia (course)
Lighter – the stock exchanges were resistant to clearer losses on Friday on Wall Street. In the United States, new economic data had triggered stagflation, i.e. with weak growth with increased inflation. The topic of artificial intelligence is likely to initiate a new upswing for Chinese internet tactics, Jefferies’s analysts spoke up. The assessment of the sector looks very demanding, especially since compared to those foreign competitors. Jefferies is now also more positive because the companies concerned not only use new technology, but also strive for further technological progress and strive for cost -efficient models. Among other things, the analysts positively emphasize the global cloud infrastructure of Alibaba. After the course jump on Friday, Alibaba came back by around 1 percent. In Sydney, the situation stabilized after five days in a row in the previous week, a total of around 3 percent and thus as strong as in June 2022. had shortened. After a confirmed forecast, the course of the data center operator NEXTDC also gave up 2.5 percent. The health insurer NIB reported a profit decline of 22 percent in December half year. The course then turned up a set of 12.5 percent.
Wall Street
Index last +/- % absolutely +/- % ytd
DJIA 43,428.02 -1.7% -748.63 +2.1%
S & P -500 6.013.13 -1.7% -104.39 +2.2%
Nasdaq-Comp. 19,524.01 -2.2% -438.36 +1.1%
NASDAQ -100 21,614.08 -2.1% -453.98 +2.9%
Friday Thursday
Sales NYSE (stocks) 1.29 billion 1.04 billion
Winner 713 1,187
Loser 2,062 1,563
Unchanged 74 102
Weak – the view of slower growth in higher inflation (“stagflation”) burdened on a broad front after the shopping manager index for the service sector had fallen significantly and with 49.7 points for the first time in over two years below the critical brand of 50. Long -term average inflation rate of the University of Michigan’s consumer survey corrected upwards. The dow was braked by Unitedhealth, which bent by 7.2 percent. The trigger was an investigation by the US Justice Ministry of the Medicare billing practices. Rivian Automotive convinced with pleasing business figures, but disappointed with the outlook. The course lost 4.7 percent. Booking Holdings gave up 0.5 percent and hardly reacted to the fourth quartals above the market expectations. Celsius Holdings shot by 27.7 percent after the beverage provider not only hit the market forecasts, but also announced the takeover of the competitor Alani Nu for $ 1.8 billion. Akamai Technologies crashed by 21.7 percent. The cloud specialist had disappointed with a weak forecast. With Dropbox (-16.2%), the customer forecast disappointed.
US bonds
Duration Rendite BP to VT Rendite VT +/- BP YTD
2 years 4.20 -7.5 4.28 -4.0
5 years 4.27 -8.0 4.35 -11.3
7 years 4.35 -7.9 4.43 -12.9
10 years 4.43 -7.9 4.51 -14.2
30 years 4.68 -7.5 4.75 -10.2
The returns sank significantly at the bond market. Triggered primarily from the area that has been notified in the contraction for the U.S. service industry.
CURRENCY
last +/- % 00:00 Fri, 9:15 % YTD
EUR/USD 1.0509 +0.3% 1.0476 1.0497 +1.5%
EUR/JPY 157.03 +0.5% 156.31 157.89 -3.6%
EUR/GBP 0.8297 +0.1% 0.8286 0.8282 +0.3%
GBP/USD 1.2666 +0.2% 1.2643 1.2675 +1.2%
USD/JPY 149.43 +0.1% 149.22 150.41 -5.0%
USD/KRW 1,426.90 -0.5% 1,434.00 1,433.55 -3.3%
USD/CNY 7.1613 +0.0% 7.1585 7.1607 -0.7%
USD 7.2432 -0.1% 7.2523 7.2477 +2.0%
USD/HKD 7.7712 +0.0% 7.7697 7.7711 +0.0%
AUD/USD 0.6376 +0.1% 0.6368 0.6391 +3.0%
NZD/USD 0.5757 +0.1% 0.5750 0.5760 +2.8%
Bitcoin
BTC/USD 95,721.00 -0.1% 95,814.30 98,486.95 +1.1%
YTD based on the final course of the previous day
The dollar defied the sunken market interest rates after his recent weakness. The dollar index rose by 0.2 percent. However, a weakness of the euro also played a role here after the expectation of the shopping manager collecting index in the EU had missed the expectation.
++++ Raw materials +++++
OIL
Finally VT-Settlem. +/- % +/- USD % YTD
WTI/Nymex 70.25 70.40 -0.2% -0.15 -0.9%
Brent/ICE 74.34 74.43 -0.1% -0.09 -0.1%
YTD based on the final course of the previous day
According to the weak economic data of the day and after recent price premiums, the oil prices significantly gave up by up to 3.1 percent.
Metals
Last day +/- % +/- USD % YTD
Gold (spot) 2,939.18 2,935.70 +0.1% +3.48 +12.0%
Silver (spot) 32.64 32.46 +0.6% +0.19 +13.1%
Platinum (spot) 977.15 971.55 +0.6% +5.60 +7.7%
Copper -Future 4.55 4.56 -0.2% -0.01 +13.0%
YTD based on the final course of the previous day
According to the recurrence, the gold price closed 0.1 percent lower at $ 2,935. Pepperstone ruled that the 3,000 dollars per troy unchy will fall per troy ounce. The uncertainty to the markets continues to speak for the precious metal in its function as a safe harbor.
+++++ Messages since Friday 8:00 p.m. +++++
SINGAPORE
Consumer prices in Singapore rose by 1.2 percent in January for the previous year, significantly weaker than 1.95 percent forecast. In the core rate, she was 0.8 percent after it was 1.8 percent in December.
Berkshire Hathaway
increased the operating result in the fourth quarter of 2024 by 71 percent to $ 14.5 billion after taxes – a quarterly record.
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DJG/ERR/GOS
(End) Dow Jones Newswires
February 24, 2025 02:27 ET (07:27 GMT)