GLOBAL MARKETS-Japan stocks keep surging, central banks seen on hold
From NASDAQ:
Asian shares, specifically from Japan, track Tokyo higher due to AI advancements and showed promise above 8.7%. Tech companies such as Nvidia and AMD are seeing the benefits. Earnings from major companies expected this week including Intel and IBM, as well as Tesla, Netflix, and Lockheed Martin. (143 words)
There is speculation that Chinese markets are struggling due to uncertain state support. The Bank of Japan is expected to keep policy super-easy. Markets are waiting for further information regarding potential rate hikes from the Bank of Japan. Expectations are that the European Central Bank is likely to hold steady on Thursday. (98 words)
Central banks in Canada and Norway are not expected to make any changes to rates. Markets are scaling back the probability of a March cut from the Federal Reserve, while the Prospects for an early easing could be affected by U.S. economic growth and core inflation data later this week. Yields on 10-year Treasuries have climbed almost 20 basis points. (102 words)
In the oil market, concerns about global demand has tempered the threat to supply from tensions in the Middle East. Brent crude and U.S. crude for February prices have seen slight changes. The Market shows concerns about how the global demand for oil products may affect future prices. (61 words)
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