From Nasdaq:

Tokyo’s Nikkei closed 2.89% higher, reaching a 34-year high of 37,963.97, boosted by gains in companies like Tokyo Electron and Softbank. However, India’s SENSEX gained 0.68% while Australia’s ASX All Ordinaries declined 0.16%. US equity futures are pointing to a lower open following an increase in January PMI data and oil prices, suggesting that the Consumer Price Index (CPI) could come in higher, influencing the Fed’s stance on rate cutting. Machine tool orders in Japan fell 14.1% in January due to decreased domestic and international demand. The ZEW Indicator of Economic Sentiment for the Euro Area increased by 2.3 points in February. The NFIB Small Business Optimism Index in the U.S. fell to 89.9 in January, driven by concerns about labor quality and inflation, and 39% of all owners reported job openings they could not fill. Equities ended higher except for Technology (-0.76%) and Real Estate (-0.31%). The Dow gained 0.33% and the Russell 2000 added 1.75%, pushing it into positive territory YTD. AutoNation, Coca-Cola, Datadog, GlobalFoundries, Marriott, and more are expected to release quarterly earnings before equities begin trading. Waste Management reported strong December quarter results and upbeat 2024 revenue guidance. Lattice Semiconductor saw its shares fall after disappointing December quarter results and downside guidance for the current quarter. Blackberry shared that it has made progress towards establishing both IoT and Cybersecurity business units as standalone divisions. TripAdvisor shares popped in aftermarket trading after the formation of a Special Committee to evaluate potential transactions. Group 1 Automotive announced the expansion of its US portfolio in the greater Baltimore/Washington DC market. JetBlue shares moved higher after activist investor Carl Icahn disclosed a 9.91% stake in the airline. Airbnb, Akamai, Lyft, Robinhood Markets, and more are expected to report quarterly results after equities stop trading today. On Wednesday, UK’s Inflation Rate for January and Eurozone’s GDP for 4Q 2023 will be released, as well as US Weekly MBA Mortgage Applications and EIA Crude Oil Inventories. On Thursday, Japan’s GDP for 4Q 2023, UK’s GDP for 4Q 2023, and US Weekly Initial & Continuing Jobless Claims will be announced. On Friday, US Producer Price Index for January and University of Michigan Consumer Sentiment Index (Preliminary) will be released. “The best revenge is massive success” – Frank Sinatra



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