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Global Market Quick Take: Asia – February 19, 2024

From home.saxo

A strong PPI report drove the 10-year Treasury yield to 4.28% and saw the S&P 500 down 0.5% and the Nasdaq 100 down 0.9%. The highlight of this week's earnings announcements is expected to be from Nvidia on Wednesday after the market closes. Crude oil traded higher amid tensions in the Middle East. The Hang Seng Index surged by 2.5% last Friday. On Sunday, data showed that China's domestic travel and tourism spending increased by 19% and 7.7%, respectively, from the 2019 pre-COVID levels during the Lunar New Year holiday period. The mainland A-share market resumes trading today after the holiday while the US ... (full story)

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  • Category: Fundamental Analysis