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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (1.17%), Hang Seng Futures (0.04%), ASX SPI 200 +0.73%, S&P Futures +0.44%

Jan 13 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Tuesday trade. Futures pointing to opening declines in Japan, while Hang Seng futures flat. ASX opens higher. US contracts gaining afterhours following mixed Monday session. Some stabilization in Australian bonds after Treasuries came off worst levels overnight. Dollar weakening against other currencies following latest Trump tariff news. Crude steady after building on recent rally while gold pulled back from one-month high. Bitcoin touched two-month low before recovering.

    • Bond yield backup continued with Treasury 10Y yield reaching fresh Oct-2023 high. Hawkish rate repricing continued following Friday's hot US payrolls data with market pricing in just one Fed rate cut in 2025. Oil strength (crude highest since Aug-2024) also driving concerns over slowing disinflation momentum. Inflationary implications of Trump 2.0 tariffs another major talking point though Bloomberg sources noted members of his economic team planning gradual implementation to avoid inflation spike.

    • Dollar strength reverberating globally as speculative longs continue to build and FX strategists eye more upside in 2025. Dollar's relentless climb driving weighing heavily on other currencies amid widening US yield premium. On Monday PBOC stepped up yuan support while Bank Indonesia pledged stabilization efforts. Indian rupee hit fresh record low after logging biggest daily drop since early 2023, pressure coming from dollar while cooler Indian inflation data played into February RBI rate cut debate.

    • NVDA in the news overnight after Biden administration unveiled new export curbs on its AI chips, part of efforts to maintain US leadership in AI development. The Information also reported Blackwell-equipped racks hampered by overheating and glitches, leading major customers to cut some orders. US-China tensions in spotlight with Reuters sources noting USTR probe concluded China used unfair policies to dominate global shipbuilding industry, paving way for US to impose penalties.

  • Pre-open Company News:

    • 603288.CH -- Foshan Haitian Flavouring & Food files for Hong Kong IPO through CICC, Goldman Sachs, Morgan Stanley

    • 539254.IN -- Adani Energy Solutions reports Q3 operational results; unit sales +3.0% y/y

    • XFOR -- X4 Pharmaceuticals and Norgine enter into exclusive licensing agreement to commercialize mavorixafor in Europe, Australia, and New Zealand

    • +TOPW -- Top Win International files amended F-1; adds Dominari Securities as additional underwriter to IPO

    • 543415.IN -- Anand Rathi Wealth reports Q3 consolidated EPS INR18.58 vs year-ago INR13.87

    • 002049.CH -- Unigroup Guoxin Microelectronics reports preliminary FY net income attributable CNY1.19B vs FactSet CNY1.58B [3 est, CNY1.44-1.70B]

    • 543415.IN -- Anand Rathi Wealth confirms FY25 revenue guidance INR9.80B

    • X -- Follow-up: Cleveland-Cliffs (CLF) partners with Nucor (NUE) in potential bid for United States Steel -- CNBC's David Faber

    • ICICI Securities initiates 532955.IN; assumes 532810.IN

    • 532927.IN -- eClerx Services initiated add at Axis Capital

    • 517354.IN -- StreetAccount Consensus Metrics Preview - Havells India Q3 Earnings

    • 000725.CH -- BOE Technology Group initiated buy at TF Securities (timing uncertain)

    • 916.HK -- China Longyuan Power Group reports December power generation 6,729 GWh, (13.1%) y/y

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: Loan Growth Y/Y; consensus

        • 08:00 CST: New Yuan Loans; consensus

        • 08:00 CST: M2 NSA Y/Y; consensus +7.2%

    • Japan:

      • Economic:

        • 08:50 JST: Bank Loans NSA Y/Y; consensus

      • Earnings:

        • Money Forward (3994.JP), Izumi Co. (8273.JP), Sakata Seed (1377.JP), West Holdings (1407.JP), Tama Home (1419.JP), Pasona Group (2168.JP), DIP Corp (2379.JP), PAL GROUP Holdings (2726.JP), Bic Camera (3048.JP), Doutor Nichires Holdings (3087.JP), Create SD Holdings (3148.JP), create restaurants holdings (3387.JP), Kasumigaseki Capital (3498.JP), SHIFT Inc (3697.JP), Sansan (4443.JP), BayCurrent Inc (6532.JP), IDOM Inc (7599.JP), U-NEXT HOLDINGS Co. (9418.JP), Toho Co (9602.JP)

    • India:

      • Earnings:

        • Network18 Media & Investments (532798.IN)

  • Market Data:

    • Gold (Feb 25): +$6.30 or +0.24% to $2684.90

    • WTI Crude (Feb 25): ($0.05) or (0.06%) to $78.77

    • $-¥: (0.54) or (0.34%) to 157.1310

    • $-KRW: (5.92) or (0.40%) to 1468.9600

    • A$-$: +0.00 or +0.80% to 0.6197

    • $-INR: +0.46 or +0.53% to 86.6506

    • $-CNY: (0.00) or (0.04%) to 7.3301

  • If you would like to receive the Asian Market Preview daily, please search for Asia Pre-Market Updates in Alert Manager.

This information and data is provided for general informational purposes only. The Bank of New York Mellon and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. We do not undertake any obligation to update or amend this information or data. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
Please refer to "Terms Of Use".

DEPOSITARY RECEIPTS:
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