From Nasdaq:

Asian equity markets finished mixed with Australia’s ASX All Ordinaries falling an additional 0.62% while China’s Shanghai Composite added 0.43%. Europe markets are mixed and U.S. equity futures signal a higher open. In international news, Japan’s core machinery orders fell 4.9% in November. OPEC predicts global oil demand to rise by 1.85 million barrels per day in 2025.

In domestic news, all sectors were down yesterday in the U.S. led by Real Estate and Utilities. U.S. markets did not follow the sharp declines in some Asian markets, but some aviation industry companies are still facing challenges. YTD, the Dow Jones Industrial Average is down 1.12% and Bitcoin is up 1.75%. Today’s economic data includes initial and continuing jobless claims, oil and natural gas inventory data and housing starts.

Taiwan Semiconductor reported better than expected results for December and provided an upbeat 2024 outlook. Discover Financial Services, on the other hand, reported disappointing bottom-line results for its December quarter. Legal issues impacted Apple, leading to changes in its Series 9 and Ultra 2 watches. Other companies, such as Bayer and Sun Pharma, also made headlines with restructuring and acquisition announcements.

After today’s market close, FNB Corp., JB Hunt, and PPG Industries are expected to report quarterly results. On Friday, Japan’s Inflation Rate for December and the University of Michigan Consumer Sentiment Index for January will be released.



Read more: Daily Markets: Taiwan Semiconductor (TSM) Provides Upbeat Guidance for 2024