Asian Shares Retreat Amid Caution Following Record Highs in US Markets
Chillax, Bruddah! Stocks Kinda Taking One Step Back!
Asian shares wen back off on Tuesday afta U.S. stocks wen pull back from dea record highs. Moa regional markets wen fall, but Shanghai wen move up. U.S. futures and oil prices, dey neva move much.
Traders stay stayin’ little bit more cautious afta da New Year’s rally dat wen sweep plenny markets aroun’ da world.
All kine investors, dey taking one break fo’ real to start off da week, Stephen Innes from SPI Asset Management wen say. Dis low-key vibe, um, look like investors cooling down afta da recent tech-heavy shopping spree.
Tokyo’s Nikkei 225, wen stay flat at 39,238.82. Government wen report dat consumer prices wen go up 2.2% in January from last year, not as much as da 2.6% increase in December, but still moa den what folks was tinkin’. Dis make some people tink da Bank of Japan might change up dea super-relaxed money policy soon, ’cause dey stay keepin’ da interest rate at minus 0.1%.
China markets wen kinda mixed, wit Hong Kong’s Hang Seng dropping 0.4% to 16,572.75 and da Shanghai Composite going up 0.5% to 2,992.30.
South Korea’s Kospi wen drop 0.4% to 2,635.96, while India’s Sensex wen dip 0.1%. In Bangkok, da SET wen drop 0.2%.
Yesterday, da S&P 500 wen go down 0.4% to 5,069.53 afta closin’ last week at da highest eva. Da Dow Jones wen fall 0.2% to 39,069.23, and da Nasdaq wen dip 0.1% to 15,976.25.
Berkshire Hathaway was one big weight on da market afta Warren Buffet wen tell shareholders not fo’ expect any moa “wow” performances ’cause no moa bargains out dea big enough fo’ make one real difference. Buffet, he stay known fo’ buyin’ companies wen dey stay cheap.
But still, Buffet’s company wen show moa bettah results fo’ da end of 2023 den wat analysts wen tink. Shares from da company, dat get GEICO, Fruit of da Loom, and Brooks runnin’ shoes unda dem, wen go up moa den 3% at first, but den drop back down to one 1.9% loss.
More an’ moa, analysts stay warnin’ dat prices stay shootin’ up too much.
Da S&P 500 stay lookin’ fo’ close out da fourth month in a row wit winnin’, an’ stay comin’ off da 15th winnin’ week outta da last 17. An’ da stock market, um, maybe even wen expensive wen it wen bottom out in October 2022.
Dis recent rally wen start up last October ’cause people tinkin’ da inflation stay cooling down enough so da Federal Reserve go cut interest rates couple times dis year. Dese cuts, dey goin’ ease up da stress on da economy and financial system, while pumpin’ up investment prices.
People still stay hopin’ fo’ dose rate cuts fo’ come one day dis year, but traders been pushing back dea predictions afta some stronger den expected reports on da economy. Dis data, it making folks hope moa dat da profits fo’ companies goin’ beef up, an’ dat help stock prices too.
Last week, stocks wen get one big boost afta anotha amazin’ report from Nvidia wen put moa fuel in da fire ’round artificial intelligence technology. Nvidia, dey chips help make AI technologies run, wen go up anotha 0.3% yesterday, an’ dey already up ’bout 60% dis year.
Da earnings report season fo’ da big companies in da S&P 500 stay winding down, but dis week still get updates from plenny big names. Dey include some dat goin’ give us one idea ’bout how much U.S. households stay spendin’. Dese spendin’, dey stay one main reason why da U.S. economy wen bust through all da predictions fo’ one possible recession.
Best Buy, Lowe’s, an’ TJX, da parent company of T.J. Maxx an’ Marshalls, all goin’ report dis week. An’ so will plenny big tech-related companies, includin’ Salesforce.com an’ HP.
On da economic calendar, da U.S. government go give us da latest update on da measure of inflation dat da Federal Reserve stay likin’ on Thursday. Usually, dis one not so impactful report, ’cause we already get data on inflation at da consumer an’ wholesale levels fo’ da month.
In odda trading, U.S. benchmark crude oil wen lose 7 cents to $77.51 per barrel in electronic trading on da New York Mercantile Exchange. Brent crude, dat international standard, wen go down 8 cents to $81.59 per barrel.
Da U.S. dollar, um, wen drop to 150.43 Japanese yen from 150.72 yen. An’ da euro, dat wen go up to $1.0855 from $1.0854.
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Asian Shares Retreat Amid Caution Following Record Highs in US Markets
Chillax, Brother! Stocks Kind of Taking One Step Back!
Asian shares went back off on Tuesday after U.S. stocks went pull back from their record highs. More regional markets went fall, but Shanghai went move up. U.S. futures and oil prices, they never move much.
Traders stay staying a little bit more cautious after the New Year’s rally that went sweep plenty markets around the world.
All kinds of investors, they taking one break for real to start off the week, Stephen Innes from SPI Asset Management went say. This low-key vibe, um, looks like investors cooling down after the recent tech-heavy shopping spree.
Tokyo’s Nikkei 225 went stay flat at 39,238.82. Government went report that consumer prices went go up 2.2% in January from last year, not as much as the 2.6% increase in December, but still more than what folks were thinking. This makes some people think the Bank of Japan might change up their super-relaxed money policy soon because they stay keeping the interest rate at minus 0.1%.
China markets went kind of mixed, with Hong Kong’s Hang Seng dropping 0.4% to 16,572.75 and the Shanghai Composite going up 0.5% to 2,992.30.
South Korea’s Kospi went drop 0.4% to 2,635.96, while India’s Sensex went dip 0.1%. In Bangkok, the SET went drop 0.2%.
Yesterday, the S&P 500 went go down 0.4% to 5,069.53 after closing last week at the highest ever. The Dow Jones went fall 0.2% to 39,069.23, and the Nasdaq went dip 0.1% to 15,976.25.
Berkshire Hathaway was one big weight on the market after Warren Buffet went tell shareholders not to expect any more “wow” performances because no more bargains out there big enough to make a real difference. Buffet, he stay known for buying companies when they stay cheap.
But still, Buffet’s company went show more better results for the end of 2023 than what analysts went think. Shares from the company, that get GEICO, Fruit of the Loom, and Brooks running shoes under them, went go up more than 3% at first, but then drop back down to a 1.9% loss.
More and more, analysts stay warning that prices stay shooting up too much.
The S&P 500 stay looking for close out the fourth month in a row with winning, and stay coming off the 15th winning week out of the last 17. And the stock market, um, maybe even when expensive when it went bottom out in October 2022.
This recent rally went start up last October because people thinking the inflation stay cooling down enough so the Federal Reserve go cut interest rates couple times this year. These cuts, they going ease up the stress on the economy and financial system, while pumping up investment prices.
People still stay hoping for those rate cuts for come one day this year, but traders been pushing back their predictions after some stronger than expected reports on the economy. This data, it making folks hope more that the profits for companies going beef up, and that help stock prices too.
Last week, stocks went get one big boost after another amazing report from Nvidia when put more fuel in the fire around artificial intelligence technology. Nvidia, they chips help make AI technologies run, went go up another 0.3% yesterday, and they already up about 60% this year.
The earnings report season for the big companies in the S&P 500 stay winding down, but this week still get updates from plenty big names. They include some that going give us one idea about how much U.S. households stay spending. These spending, they stay one main reason why the U.S. economy went bust through all the predictions for one possible recession.
Best Buy, Lowe’s, and TJX, the parent company of T.J. Maxx and Marshalls, all going report this week. And so will plenty big tech-related companies, including Salesforce.com and HP.
On the economic calendar, the U.S. government go give us the latest update on the measure of inflation that the Federal Reserve stay liking on Thursday. Usually, this one not so impactful report, because we already get data on inflation at the consumer and wholesale levels for the month.
In other trading, U.S. benchmark crude oil went lose 7 cents to $77.51 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, that international standard, went go down 8 cents to $81.59 per barrel.
The U.S. dollar, um, went drop to 150.43 Japanese yen from 150.72 yen. And the euro, that went go up to $1.0855 from $1.0854.
