• Wed. Feb 28th, 2024

News Eyeo

All Important News

Japanese Nikkei Index Surges 3% and Sets New All-Time High


Feb 13, 2024

The trade overview includes current reports, trends, indices, stock prices, bonds, foreign exchange, commodities, and analyst recommendations. In Asia, the stock markets in China are closed for the Chinese New Year, while Japan’s Nikkei is up about 3% at a new record high of 38,000 and the Kospi index rises by 0.8%. US futures are trading slightly lower. On Wall Street, the Nasdaq fell 0.3%, the S&P500 lost 0.1%, and the Dow Jones added 0.3%, breaking an all-time high.

Stock nature jumped by 7.5% after Piper Sandler upgraded their recommendation on the stock to ‘overweight’ from ‘neutral’. The share of the Israeli company Beamr jumped during trading on Monday by about 1500% after it reported a collaboration with Nvidia. The company’s market value was $129 million at the close on Wall Street. Nvidia continued positive momentum and took the third place in the highest market value on Wall Street. Monday.com crashed by 10% after presenting strong quarterly results but a weak operating profit forecast.

In the US government debt market, the 10-year bond yield fell slightly last night and was trading around 4.16% with the two-year bond yield at 4.47%. Oil prices are trading slightly higher with the price of a Brent barrel at $82. Dr. Michael Bafman, the chief economist of Bank Leumi, predicts high volatility in oil prices due to security events in the Middle East and notes that decreases in oil stocks and production can lead to increased commodity prices.

Today, unemployment data in Great Britain, the consumer price index in Switzerland, and inflation data in the USA are expected to be published, with the US inflation index expected to increase by 0.2% at a monthly rate in January and decrease to 2.9% at an annual rate. According to early forecasts, the main indices are expected to increase by 0.2% at a monthly rate in January.

Stock Market | Franklin Credit Management Corporation, Stock Market | FinancialContent Business Page and many more.

By Editor

Leave a Reply