Dragon’s Dilemma | MarketTalk: What’s up today? | Swissquote

Show notes

The selloff in US sovereign bonds reversed yesterday after a solid demand for the US 3-year bond auction counterweighed a bulk of hawkish comments from Federal Reserve (Fed) members.
The S&P500 eked out a small gains even though the New York Community Bank Corp plunged another 22% on Tuesday after Moody’s downgraded its rating to ‘junk’. In the bright spot was Palantir – a data analytics company, jumped 30% after announcing AI-related revenue earlier than thought. Their commercial revenue soared by 70% compared to the same time last year as the deal flow rose to a level that no one expected before 2025.
Elsewhere, Snap fell 32% in the afterhours trading after disappointing Q4 revenue, but it’s too small to care, and BP, in London, flirted with the 200-DMA after revealing higher than expected profits, and saying that it will buyback $1.75bn worth of shares each quarter in the H1, more than the $1.5bn buyback announced a quarter earlier.
In China, the CSI 300 index is up for the 3rd straight session on broad-based stimulus measures and anticipation for more as Xi Jinping is being briefed on ‘the heck is going on’ in the financial markets. China is expected to post a deeper y-o-y deflation when it reveals its latest CPI figures tomorrow. The market's response may vary depending on investors' perceptions of the effectiveness of the stimulus measures.
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