Today, the Chinese stock markets are closed in honor of the Chinese New Year. Meanwhile, Japan’s Nikkei index is up about 3% and has reached a new record high of 38,000. The Kospi index also rose by 0.8%. In the US, futures are trading slightly lower this morning.
Last night on Wall Street, the main indices closed with mixed trends. The Nasdaq fell by 0.3%, while the S&P500 and Dow Jones added 0.1% and 0.3%, respectively, breaking an all-time high. Additionally, stock nature jumped by 7.5% after Piper Sandler upgraded their recommendation on the stock to ‘overweight’ from ‘neutral’.
Beamr’s share price saw a huge increase of about 1500% during trading on Monday after it announced a collaboration with chip giant Nvidia. The Tel Aviv-based company was issued just last year when it raised $7.8 million at a value of about $48 million. However, at the end of trading (Monday), the stock moderated and closed with a jump of around 400%. Beamr’s market value was $129 million at close on Wall Street.
Yesterday in the US government debt market, the yield on the two-year bond fell slightly to trade around 4.47%, while the yield on the ten-year bond fell slightly to trade around 4.16%.
Oil prices are currently trading slightly higher this morning, with a Brent barrel costing $82 at this time. Dr Michael Bafman, Chief Economist at Bank Leumi wrote in his report that “the volatility in oil prices is expected to remain relatively high due to security events in the Middle East”.
Today there are several important economic data releases expected from Great Britain (unemployment data) and Switzerland (consumer price index) as well as inflation data from USA which will be published at 15:30 Israel time today.
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