What is driving the rise in Asian equities?

Asian equities are being driven by a recovery in US technology stocks following recent volatility related to artificial intelligence.

What are the key economic indicators investors are watching?

Investors are closely watching upcoming US jobs data, inflation figures, and retail sales reports.

How are companies like Alphabet Inc. responding to AI ambitions?

Alphabet Inc. is financing its AI ambitions through a significant US dollar bond offering and exploring international bond markets.

Home / Business and Economy / Global Equities Eye New Highs After Tech Rebound

Global Equities Eye New Highs After Tech Rebound

10 Feb

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Summary

Asian stocks poised for gains, mirroring US tech recovery.
AI trade concerns lessen, with Oracle shares jumping significantly.
Traders await US jobs data amid stable bond and dollar movements.

Global Equities Eye New Highs After Tech Rebound

Asian equity markets are showing strength, poised for new record highs as they follow a significant recovery in US technology stocks. This rebound comes after a period of volatility driven by concerns over artificial intelligence.

Major US indices like the S&P 500 and Nasdaq 100 experienced notable gains, with heavily impacted stocks such as Oracle Corp. showing substantial increases. This suggests a potential easing of anxieties surrounding the AI sector's impact on software companies and mega-cap firms.

While markets digest these shifts, traders are anticipating key US economic data, including employment figures scheduled for release this week. These upcoming reports are expected to provide further clarity on the economic landscape and guide future market movements.