The latest stock market news covers a range of topics, including current reports, trends, indices, stock prices, bonds, foreign exchange, and commodities. In Asia, the Chinese stock markets are closed for the Chinese New Year, while Japan’s Nikkei is up about 3% at a new record high of 38,000 and the Kospi index rises by 0.8%. US futures are trading slightly lower.
On Wall Street, the Nasdaq fell 0.3%, the S&P500 lost 0.1%, and the Dow Jones added 0.3%, breaking an all-time high. The Israeli company Beamr experienced a significant increase in its market value after reporting a collaboration with Nvidia and being upgraded from ‘neutral’ to ‘overweight’ by Piper Sandler. Meanwhile, Monday.com crashed after presenting strong quarterly results but weak operating profit forecasts.
In the US government debt market, bond yields have fallen slightly in recent days, with the 10-year yield trading around 4.16% and the two-year yield at 4.47%. Oil prices have also increased slightly since yesterday with Brent barrels priced at $82. Dr Michael Bafman predicts high volatility in oil prices due to security events in the Middle East and notes that decreases in oil stocks and production can lead to increased commodity prices.
Today’s economic calendar includes unemployment data from Great Britain and inflation data from Switzerland as well as consumer price index data from Switzerland and US inflation index data expected to increase by 0.2% at a monthly rate in January and decrease to 2