21/02/2025 Evening Reports
Nasdaq Futures Rise on Alibaba Surge, But US Stocks Lag Global Peers
- Nasdaq 100 futures climbed 0.4% as Alibaba’s strong earnings fueled optimism over artificial intelligence, boosting US-listed Chinese stocks.
- However, gains were limited by weak guidance from Block, Akamai, and Rivian, while UnitedHealth slid 10% amid a US probe into its billing practices.
- Despite the rally, US equities continue to trail their European and Asian counterparts, with analysts favoring markets like Germany, China, Japan, and South Korea.
- Europe’s Stoxx 600 gained 0.5%, heading for a ninth consecutive weekly advance, supported by resilient profits and optimism over Ukraine peace talks.
- Meanwhile, the dollar strengthened ahead of US PMI data, while bond yields fell as Treasury Secretary Scott Bessent signaled no imminent shift toward longer-term debt issuance.
- Gold extended its winning streak, rising for an eighth straight week amid geopolitical and trade tensions.
- Traders now await Germany’s weekend election, hoping for a coalition that can drive economic reforms.
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