📆 Friday, February 9
► European futures are little changed (Stoxx 600 at +0.15%) as market participants await revisions to US CPI data, seeking clues on future rate adjustments. Germany confirms a 2.9% Y/Y inflation rate for January, the lowest since June 2021, with a notable slowdown in goods inflation and food prices still above overall inflation levels.
► US futures see minor adjustments after the S&P 500 reached the 5,000 milestone, reflecting a mix of optimism and interest rate speculation. The focus shifts to US inflation adjustments, potentially influencing the Fed's monetary policy outlook. The USD index remains unchanged as investors await US CPI revision data, which could influence Federal Reserve's future decisions on interest rates.
► Investor sentiment shows caution with Asia entering the Lunar New Year holiday period. Mainland Chinese markets were closed for the holiday. Hong Kong's Hang Seng and Chinese equities in Hong Kong experienced dips today, although gains were recorded earlier in the week due to optimism around state-backed market support. In Japan, the Nikkei reached a 34-year high amid strong earnings and a dovish BOJ stance, with a weaker JPY providing some uplift. The currency steadied after depreciating by 0.8% against the USD yesterday, following the Bank of Japan deputy governor's remarks on maintaining easy monetary policies. SoftBank Group rallied 8.7% after surpassing net income expectations and benefiting from gains in Arm Holdings.
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