Stock futures are mixed as investors digest more earnings news: Live updates – CNBC

4 hours ago

Aggressive policy easing requires “clearer signals” from the Chinese government, analysts say

China market expert Yang Wang said on Friday that the Chinese government needs to show “clearer signals” towards aggressive policy easing to halt growth slowdown.

“Other than that, I don’t think the market can sustainably rise,” Wang, chief emerging markets and China strategist at global investment research and strategy firm Alpine Macro, told CNBC’s “Street Signs Asia.” ” he said.

Investment banks expect China’s economy to grow at a slower pace in 2024 than in 2023 — even last year, China’s economy recovered more slowly than expected after COVID-19 restrictions were lifted. .

“Structurally, the Chinese government’s policy failures over the past few years have eroded confidence, as the government has refused to issue very strong stimulus packages to support the economy,” Wang said. Ta.

Chinese markets are closed this week for the Lunar New Year holiday.

– Sheila Chan

3 hours ago

Japan’s finance minister says he is watching the yen’s movements ‘urgently’

Japan’s finance minister said on Friday that he was watching the yen’s movements “with a strong sense of crisis,” adding that a weaker yen had both advantages and disadvantages, Reuters reported.

Suzuki reportedly said in the House of Representatives, “Exchange rates are set by the market to reflect fundamentals. Rapid movements are undesirable, and stable movements are desirable.”

On Friday, the day after the country entered a technical recession, the yen depreciated and was trading at the psychologically important level of 150 yen to the dollar.

— Li Yingshan, Reuters

7 hours ago

Japan’s finance minister says the timing of lifting negative interest rates is the prerogative of the central bank

Japan’s Finance Minister Shunichi Suzuki said on Friday that it was up to the Bank of Japan to decide when to end its negative interest rate policy, Reuters reported.

Japan’s economy has lost the world’s third place to Germany and is in a technical recession, raising expectations that the central bank will continue its ultra-easy monetary policy for an extended period of time.

When asked whether the weak gross domestic product (GDP) data would affect the timing of the central bank’s policy changes, Suzuki reportedly said, “I am aware that there are various opinions in the market.” ” he said.

Li Yingshan, Reuters

8 hours ago

“Stock markets will play that role this year,” says BlackRock’s Rick Rieder.

Investors should expect another solid return from the stock market this year, said Rick Rieder, BlackRock’s chief investment officer for global fixed income.

“Equities will play that role. I think stocks could see a 10%, 12%, maybe 15% return this year. This is a pretty good portfolio, and I don’t think you need long-term bonds to hedge.” said Reeder. The company, which oversees $2.8 trillion in fixed income assets, told CNBC on Thursday afternoon. “Today, I think we can build a somewhat stable portfolio and get on with it.”

Rieder added that the persistence of service level inflation will begin to balance out in the coming months. He expects inflation to moderate, allowing for a “normal” economy with nominal GDP growth of around 4%. Consumer spending will also remain strong, he said.

— Peer Singh

8 hours ago

These are the stocks that made the biggest moves in after-hours trading

In this illustrated photo, the Coinbase logo is displayed on a mobile phone screen.

Idris Abbas | SOPA Images | Light Rocket | Getty Images

Let’s check out the companies that are becoming a hot topic for after-hours trading.

  • Coinbase – Shares of the cryptocurrency exchange rose 13% in after-hours trading after the company posted a profit of $1.04 per share on fourth-quarter profit of $954 million. Analysts had expected a loss of 1 cent per share on revenue of $822 million, according to LSEG.
  • Applied Materials – Shares of the semiconductor equipment maker soared 11% in after-hours trading as revenue beat expectations and the company gave a rosy outlook for the second quarter. Earnings per share (excluding items) for the first quarter were $2.13, beating LSEG’s estimate of $1.90. Revenue for the period was $6.71 billion, exceeding expectations of $6.48 billion.
  • Toast – Shares of the maker of restaurant point-of-sale systems rose 3% in after-hours following fourth-quarter results. LSEG said the company posted a loss of 7 cents per share, narrower than the 11 cents per share loss expected by analysts. Revenue came in at $1.04 billion, roughly in line with expectations of $1.02 billion.

Read here for the complete list.

— Peer Singh

8 hours ago

Stock futures trading remains largely unchanged