Nasdaq FUTs drop on tech earnings
|Asia market update: Nasdaq FUTs drop on tech earnings [includes Amazon, Apple, Google]; US jobs data due later today, ISM Services also in focus.
General trend
- Asian markets trade mixed.
- Nikkei 225 rises amid corporate earnings, Sony rises.
- Japanese cos. due to report results include Softbank Corp.
- Property firms decline in China.
- Aussie REITs outperform.
- The Adani selloff continues.
- Is Nakaso still in the running for the BOJ Gov position?
Headlines/economic data
Australia/New Zealand
- ASX 200 opens flat at 7,510.
- (AU) Australia Jan Final PMI Services: 48.6 v 48.3 prelim (confirms 4th month of contraction).
- (AU) Australia sells A$500M v A$500M indicated in 3.25% Apr 2029 bonds; Avg Yield: 3.1922% ; bid-to-cover: 3.8x.
- (AU) 30 out of 31 economists polled expect the Reserve Bank of Australia (RBA) to raise rates by 25bps at the Feb 7th meeting [Tues], 1 economist expects rates to be left unchanged - financial press.
- (NZ) New Zealand Jan Consumer Confidence: 83.4 v 73.8 prior.
China/Hong Kong
-Hang Seng opens -0.7% at 21,811.
-Shanghai Composite opens -0.3% at 3,275.
-*(CN) China Jan CAIXIN PMI sevices: 52.9 V 51.0E [first expansion in 5 months].
-(US) US Official: The ‘Gang of 8’ staff was briefed on China ‘spy balloon’ [US Pentagon said a Chinese spy balloon was seen over the Western US].
-(HK) China and Hong Kong confirm to end daily entry quota for border crossings, to end pre-arrival PCR testing; to resume group tours, effective Feb 6th.
Japan
-Nikkei 225 opens +0.2% at 27,455.
-(JP) Former BOJ Dep Gov Nakaso to serve on APEC advisory body; Nakaso made no mention of the BOJ Gov position. - financial press.
-(JP) Japan Fin Min Suzuki: Next BOJ Gov has NOT been decided yet; No comment on Nakaso's remark about becoming APEC advisory panel head.
-(JP) Bank of Japan (BOJ) Gov Kuroda: BOJ's paper loss from bond holdings was ¥8.8T as of the end of 2022.
-(JP) Bank of Japan (BOJ) announcement related to daily bond buying operation: inline with planned amounts.
-(JP) Japan Jan Final PMI Services: 52.3 v 52.4 prelim [confirms 5th straight expansion].
-Nojima [7419.JP]: Says to raise monthly base salaries by avg 4%.
Korea
-Kospi opens flat at 2,466.
-(KR) South Korea Jan Foreign Reserves: $430B v $423.2B prior.
-(KR) South Korea Fin Min Choo: Expects chip exports to recover in H2.
North America
-(US) CFTC: Weekly commitments of traders report to be delayed, cites ransomware attack on Ion Trading UK.
-Nordstrom [JWN]: Activist Ryan Cohen said to acquire stake, said to be building a 'sizeable' stake - US financial press.
Levels as of 00:20 ET
- Nikkei 225, +0.3%, ASX 200 +0.6% , Hang Seng -1.6%; Shanghai Composite -1.2% ; Kospi +0.4%.
- Equity S&P500 Futures: -0.5%; Nasdaq100 -1.4%, Dax -0.2%; FTSE100 flat.
- EUR 1.0916-1.0887 ; JPY 128.82-128.44 ; AUD 0.7087-0.7048 ;NZD 0.6484-0.6460.
- Gold -0.1% at $1,928/oz; Crude Oil -0.3% at $75.64/brl; Copper +0.8% at $4.1170/lb.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.