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Japans December trade balance will be released in ten minutes.February 9th - Data released on Monday showed that Japans real wages contracted for the 12th consecutive month in December, as nominal wage growth lagged slightly behind slowing consumer inflation. Following the Bank of Japans 25 basis point rate hike to 0.75% in December, wage trends have become one of the most important indicators for deciding the timing of the next rate hike. As a key indicator of consumer purchasing power, inflation-adjusted real wages fell 0.1% year-on-year in December. This continues the contraction that began in January 2025, although the decline has narrowed to its lowest level since the start of this contraction cycle. Full-year data released on Monday showed that Japans real wages will fall by 1.3% in 2025. This marks the fourth consecutive year of contraction in real annual wages since consumer inflation began exceeding the Bank of Japans 2% target in 2022.Japans overtime pay rose 0.9% year-on-year in December, compared with 1.2% in the previous month.Japans December labor cash income rose 2.4% year-on-year, below the expected 3.20% and the previous figure revised from 0.50% to 1.70%.Monday: ① Data: Japans December trade balance, Switzerlands January consumer confidence index, and the Eurozones February Sentix investor confidence index. ② Events: The ASEAN Finance Ministers and Central Bank Deputy Working Group meeting will be held until February 13th. Tuesday: ① Data: US January New York Fed 1-year inflation expectations, January NFIB small business confidence index, December retail sales month-on-month, Q4 labor cost index quarter-on-quarter, December import price index month-on-month, November business inventories month-on-month; Frances Q4 ILO unemployment rate; Chinas January M2 money supply year-on-year rate (pending). ② Events: ECB President Lagarde will participate in discussions. Fed Governors Waller and Bostic will deliver speeches. The New York Fed will release its Q4 2025 household debt and credit report. ③ Earnings Reports: Hong Kong Stocks – SMIC. US Stocks – BP, Spotify, Coca-Cola, AstraZeneca, Robinhood, Ford Motor. Wednesday: ① Data: US API crude oil inventories for the week ending February 6, EIA crude oil inventories for the week ending February 6; US January unemployment rate, seasonally adjusted non-farm payrolls, average hourly earnings month-on-month, final reading of the 2025 non-farm payrolls benchmark change; China January CPI year-on-year rate. ② Events: EIA releases monthly Short-Term Energy Outlook report. Feds Hamak and Logan deliver speeches. OPEC releases monthly oil market report. Israeli Prime Minister Netanyahu will meet with Trump on Wednesday to discuss the Iran issue. ③ Holiday: Tokyo Stock Exchange closed. ④ Earnings Reports: Hong Kong stocks – NetEase, Cloud Music. US stocks – T-Mobile US, NetEase Youdao, Cisco, McDonalds. Thursday: ① Data: US 10-year Treasury auction (ending February 11); UK Q4 GDP annualized rate (preliminary), December three-month GDP monthly rate, December manufacturing output monthly rate, December seasonally adjusted goods trade balance, December industrial production monthly rate; US initial jobless claims for the week ending February 7, January existing home sales (annualized), EIA natural gas storage for the week ending February 6. ② Events: Bank of Canada releases monetary policy meeting minutes. IEA releases monthly oil market report. ECB Executive Board members Schnabel, Cipolone, Chief Economist Lane, and Governing Council member Stournaras deliver speeches. ③ Holiday: No trading on the Taiwan Stock Exchange. ④ Earnings Reports: Hong Kong stocks – Hua Hong Semiconductor, Lenovo Group. US stocks – Rivian, Coinbase, Applied Materials, Airbnb. Friday: ① Data: Swiss January CPI month-on-month rate; Eurozone Q4 GDP annual rate revision, Eurozone Q4 seasonally adjusted employment quarter-on-quarter final value, Eurozone December seasonally adjusted trade balance; US January unadjusted CPI year-on-year rate, seasonally adjusted CPI month-on-month rate, unadjusted core CPI year-on-year rate, seasonally adjusted core CPI month-on-month rate. ② Events: Federal Reserve Chairman Logan and Federal Reserve Governor Milan attend events. Chinas National Bureau of Statistics releases monthly report on residential sales prices in 70 large and medium-sized cities. The Central Bank of Russia announces its interest rate decision. Bank of Japan policy board member Naoki Tamura delivers a speech. ③ Holiday: No market trading on the Taiwan Stock Exchange, no night trading on the Shanghai Gold Exchange, Shanghai Futures Exchange, Zhengzhou Commodity Exchange, and Dalian Commodity Exchange. ④ Earnings Report: US stocks – Moderna. Saturday: ① Data: US total oil rig count for the week ending February 13; CFTC releases weekly positioning report.

S&P 500 And Nasdaq Complete A Bumpy Session With Gains As Inflation Data Looms

Aria Thomas

May 11, 2022 10:14

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Tuesday's closing prices for the S&P 500 and Nasdaq were higher than those of the previous day, with large-cap growth stocks appreciating in the wake of the previous day's selloff as Treasury yields declined.


In tandem with yields, bank shares declined. The yield on benchmark 10-year notes fell from a three-year high to below 3 percent.


The Dow likewise closed lower, and the day's trading was bumpy, with key indexes fluctuating between gains and losses as investors anticipated the release of U.S. consumer price index and producer price index data on Wednesday and Thursday, respectively.


Investors will search for indications that inflation is at its high.


The recent market decline has been fueled by concerns that the U.S. Federal Reserve may need to act more aggressively to combat inflation. Numerous additional worries have added to the tension.


Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma, stated, "It's basically fear-based selling."


"It can't just be that the Fed will raise interest rates to combat inflation, because we've seen this before," he said. According to Dollarhide, investors have been concerned about everything from interest rates and inflation to the war in Ukraine, supply chain issues, and China's COVID-19 lockouts.


Apple Inc (NASDAQ:AAPL) shares increased by 1.6%, boosting the S&P 500 and Nasdaq the most.


The Dow Jones Industrial Average decreased 84.96 points, or 0.26 percent, to 32,160.74, while the S&P 500 rose 9.81 points, or 0.25 percent, to 4,001.05 and the Nasdaq Composite rose 114.42 points, or 0.98 percent, to 11,737.67.


Technology and growth stocks, whose valuations are primarily dependent on future cash flows, have been among the hardest affected during the recent selloff. The Nasdaq is down almost 25% so far this year.


The technology sector of the S&P 500 increased 1.6% on the day and led all S&P 500 sector advances. The S&P 500 growth index increased by 0.9%, while the S&P 500 value index declined by 0.4%.


Loretta Mester, president of the Federal Reserve Bank of Cleveland, stated that the U.S. economy would encounter turbulence as a result of the Fed's attempts to reduce inflation that is more than three times its target, and that recent stock market volatility will not dissuade policymakers.


In a speech on Tuesday addressing excessive inflation, Vice President Joe Biden said he was considering lifting Trump-era tariffs on China as a means of reducing prices for goods in the United States.


Pfizer Inc (NYSE:PFE) shares jumped 1.7% after the company announced it will pay $11.6 billion to acquire Biohaven Pharmaceutical Holding Co. (NYSE:BHVN). Biohaven shares increased 68.4%.


Peloton Interactive (NASDAQ:PTON) fell 8.7 percent as the workout equipment manufacturer cautioned the business was "thinly financed" following a quarterly revenue decline of 23.6 percent.


The volume on U.S. exchanges was 15.45 billion shares, compared to the average of 12.55 billion shares for the previous 20 trading days.


On the NYSE, declining issues outnumbered advancing ones by a ratio of 1.36 to 1; on the Nasdaq, the ratio was 1.34 to 1.


The S&P 500 had one new 52-week high and sixty-three new lows, while the Nasdaq Composite recorded nineteen new highs and one thousand six hundred sixty-six new lows.