In Asia, the Chinese stock markets were closed on Tuesday for the Chinese New Year, while in Japan, the Nikkei rose about 3% in the hour and reached a new record high of 38,000. The Kospi index also saw an increase of 0.8%. Meanwhile, US futures are trading slightly lower this morning.
Last night on Wall Street, the main indexes closed in a mixed trend. The Nasdaq fell 0.3%, the S&P500 lost 0.1% and the Dow Jones added 0.3%, breaking an all-time high. Nature’s stock jumped 7.5% after Piper Sandler upgraded its recommendation on the stock to “overweight” from “neutral.”
In Israel, shares of Beamr saw a massive jump during trading on Monday by around 1500%, after announcing a collaboration with chip giant Nvidia. The Tel Aviv company went public last year when it raised $7.8 million at a valuation of about $48 million. At the end of trading (Monday), the growth of shares moderated and closed with a jump of around 400%. The company’s market value was $129 million at the close on Wall Street.
In terms of government debt, the yield on the 10-year bond fell slightly last night to trade around 4.16%. Meanwhile, oil prices are trading a little higher this morning with Brent crude priced at $82 per barrel. Dr Michael Buffman, chief economist at Bank Leumi wrote in his review that “oil price volatility is expected to remain relatively high given security developments in the Middle East.”
Today is expected to release data on unemployment in Great Britain and consumer price index in Switzerland, while US inflation data is also set to be released at 15:30 Israel time