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Global Market Quick Take: Asia – February 7, 2024

From home.saxo

The run higher in Treasury yields and US dollar took a breather, but equities were choppy as sentiment turned cautious amid a further plunge in NYCB stoking CRE and regional banking sector concerns. China stocks were supported by increased hopes of government intervention, and Alibaba results will be in focus today. NZDUSD jumped higher on a strong Q4 employment report, while AUD also extended gains after a hawkish-leaving rhetoric from RBA yesterday. {table} US Equities: Major indices ended mixed on Tuesday, with the Nasdaq 100 pulling back 0.2% to 17,573 while the S&P 500 added 0.2% to 4,954. Semiconductor ... (full story)

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  • Category: Fundamental Analysis