ASX 200 to rise, S&P 500 and Nasdaq surge to record closes on Nvidia-fueled rally

LiveWire02-23

ASX 200 futures are trading 32 points higher, up 0.42% as of 8:30 am AEDT. Source: Market Index ASX TODAY Companies to report today include Austal, Bapcor, Brambles, Aracadium Lithium, ...

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Aussie Broadband reports mixed 1H results, downgrades full-year view . Paladin Energy reports 1H net profit from cont ops of $76.8m . Saint-Gobain’s $4.3bn bid for CSR two years in the making . Bega Cheese upgraded to Overweight from Neutral at Barrenjoey, target increased to $4.40 from $3.50. Eagers Automotive upgraded to Buy from Hold at Bell Potter, but target decrease to $15.20 from $15.65. Super Retail Group upgraded to Neutral from Underweight at JPMorgan, target increased to $16.10 from $15.50. Tabcorp upgraded to Outperform from Neutral at Macquarie, but target cut to $0.85 from $0.90. S&P 500 finished higher, near best levels and logged a new all-time high. Nasdaq at record highs, marks best session in more than a year. Nvidia opens 11.3% higher, ralli","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MP1.AU":"MEGAPORT LTD","BK4549":"软银资本持仓","NDAQ":"纳斯达克OMX交易所","BK4112":"金融交易所和数据","BSL":"BLACKSTONE SENIOR FLOATING RATE 2027 TERM FUND","FMG.AU":"FORTESCUE LTD","BK4548":"巴美列捷福持仓","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LLC.AU":"LENDLEASE GROUP","BK7129":"钢铁","FID":"First Trust S&P International Dividend Aristocrats ETF","BK4529":"IDC概念","NXT.AU":"NEXTDC LTD","SQQQ":"纳指三倍做空ETF","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC",".IXIC":"NASDAQ Composite","BK4528":"SaaS概念","BSL.AU":"BLUESCOPE STEEL LTD","FID.AU":"FIDUCIAN GROUP LTD","BK4554":"元宇宙及AR概念","NVDA":"英伟达","BK4592":"伊斯兰概念",".SPX":"S&P 500 Index","MSFT":"微软","AFR.AU":"African Energy Resources Ltd","GUD.AU":"GUD Holdings Ltd","FT":"富兰克林通用信托","GWA.AU":"GWA GROUP LTD","SPY":"标普500ETF","BK7503":"科技股","QID":"纳指两倍做空ETF","360.AU":"LIFE360 INC-CDI","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4543":"AI","BK4527":"明星科技股","BK4550":"红杉资本持仓","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","TQQQ":"纳指三倍做多ETF","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0444971666.USD":"天利全球科技基金","QAN.AU":"QANTAS AIRWAYS LIMITED","BK4551":"寇图资本持仓","BK7051":"机动车零配件与设备","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","PSQ":"纳指反向ETF","QQQ":"纳指100ETF","QLD":"纳指两倍做多ETF","GMG.AU":"GOODMAN GROUP"},"translate_title":"ASX 200指数上涨，标普500和纳斯达克在英伟达推动的反弹中创下收盘纪录","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".SPX":1,"LLC.AU":1,"GWA.AU":1,"GUD.AU":1,"GMG.AU":1,"FT":1,"FMG.AU":1,"FID.AU":1,"FID":1,"BSL.AU":1,"BSL":1,"MP1.AU":1,"NDAQ":1,"NXT.AU":1,"360.AU":1,"AFR.AU":1,".IXIC":1,"SPY":1,"QAN.AU":1,"NVDA":1,"MSFT":0.77,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"PSQ":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"ASX 200 futures are trading 32 points higher, up 0.42% as of 8:30 am AEDT.\n\n\n\n\n\n\n\n\n\n\nSource: Market Index\nASX TODAY\n\n\nCompanies to report today include Austal, Bapcor, Brambles, Aracadium Lithium, Monash IVF, Perseus Mining, Pexa Group, Sandfire Resources, Block and more\n\nAussie Broadband reports mixed 1H results, downgrades full-year view (Announcement)\n\nPaladin Energy reports 1H net profit from cont ops of $76.8m (Announcement)\n\nSaint-Gobain’s $4.3bn bid for CSR two years in the making (AFR)\n\nBega Cheese upgraded to Overweight from Neutral at Barrenjoey, target increased to $4.40 from $3.50\n\nEagers Automotive upgraded to Buy from Hold at Bell Potter, but target decrease to $15.20 from $15.65\n\nIluka Resources downgraded to Underperform from Neutral at BofA, target cut to $6.85 from $7.0 \n\nSuper Retail Group upgraded to Neutral from Underweight at JPMorgan, target increased to $16.10 from $15.50 \n\nTabcorp upgraded to Outperform from Neutral at Macquarie, but target cut to $0.85 from $0.90\n\nMARKETS\n\n\nS&P 500 finished higher, near best levels and logged a new all-time high\n\nNasdaq at record highs, marks best session in more than a year\n\nNvidia opens 11.3% higher, rallies intraday to close up 16.4%\n\nNvidia driving broad-based gains across semiconductor stocks and megacap names like Meta (+3.9%), Amazon (+3.6%) and Microsoft (+2.4%)\n\nCool stat – Nvidia makes up over 4% of the S&P 500 and a little over 5% of the Nasdaq\n\nNvidia's outlook saves broader market as AI hype continues (Bloomberg)\n\nMarket price in Fed's outlook on rates, reins in aggressive bets on cuts (FT)\n\nBond traders positioning for renewed selloff (Bloomberg)\n\nNikkei overtakes 1989 high to hit all-time high (Bloomberg)\n\nSTOCKS\n\n\nNvidia revenue and guidance exceed lofty expectations on surging AI demand (Reuters)\n\nRivian to cut 10% of workforce as production guidance underwhelms (Bloomberg)\n\nIntel to produce high-end chips for Microsoft (FT)\n\nGoogle to will pause the image generation of people (Bloomberg)\n\nCENTRAL BANKS\n\n\nFOMC minutes stress need for greater confidence on inflation (Bloomberg)\n\nFed Governor Bowman says time to cut rates 'certainly not now' (Bloomberg)\n\nBOJ watchers fall in line with April rate hike scenario (Reuters)\n\nEurozone money markets push back ECB rate cut expectations (Bloomberg)\n\nBoE's Greene says needs more evidence that UK inflation becoming less entrenched before backing rate cuts (Bloomberg)\n\nGEOPOLITICS\n\n\nWhite House's proposed sanctions on Russia in response to Navalny's death unlikely to include aggressive penalties (Politico)\n\nBiden administration planning to strengthen restrictions on China's Semiconductor Manufacturing International Corp in wake of Huawei Mate 60 Pro (Reuters)\n\nIsraeli officials push ahead with Rafah offensive though sources say no clear plan for safe evacuation of civilians (Bloomberg)\n\nECONOMY\n\n\nEurozone PMIs inch towards growth in February (Reuters)\n\nUK PMIs suggests economy in recovery, inflation persists (Bloomberg)\n\nJapan government downgrades economic view on slow consumer spending (Reuters)\n\nJapan PMIs softer as manufacturing declines deepen (Reuters)\n\n\n\n\n\n\n\n\n\n\n\n\nUS-listed sector ETFs (Source: Market Index)\nA Slow Tech Response\nNvidia's results dropped around this time on Thursday – So I figured we'd see a pretty strong response for local tech-related names like Megaport (ASX: MP1), Life360 (ASX: 360) and NextDC (ASX: NXT).\nInterestingly, most of these names opened flat or lower on Thursday. It wasn't until around 11:00 am AEDT that they started to realise \"oh hang on ... I think the AI trade is back\" and started to rally. Classic ASX.\nLet' see if this strength kicks on today.\n\n\n\n\n\n\n\n\n\nSource: TradingView\nFortescue Earnings Call Highlights\nFortescue (ASX: FMG) shares finished 2.1% higher on Thursday after its reporting better-than-expected half-year revenue, earnings and dividends. Numbers aside, here are the key takeaways from its earnings Q&A.\n\n\nRecovering from the late December derailment is on track, with additional rail capacity helping to recover lost tonnes.\n\nPilbara decarbonisation program is expected to ramp up in H2, with overall spend for the year within guidance.\n\nCapital allocation framework continues to prioritise return of capital to shareholders and dividend policy of 50% - 80% remains unchanged\n\nTwo hydrogen projects in Norway and Brazil are being fast-tracked, with Norway likely next for final investment decision (FID)\n\nNo significant issues reported regarding custom clearance delays in China and iron ore demand remains robust despite anticipated scrap supply increase\n\nQantas Earnings Call Highlights\nQantas (ASX: QAN) shares opened in positive territory on Thursday but sold off intraday to close 6.8% lower. Numbers for the first-half were largely in-line with consensus but generally 3-5% below Jarden estimates. The company's loyalty earnings guidance and FY25 capex also missed expectations.\n\n\nReturn to pre-COVID earnings seasonality expected, with cost focus and transformation program set for H2\n\nCommitment to margin targets reiterated, with confidence in domestic market structure and ongoing transformation work\n\nNew aircraft delivery delays due to supply chain issues but flexibility allows for network adjustments\n\nA$230 million customer experience investment confirmed as ongoing and improvements seen in on-time performance and customer satisfaction.\n\nOperating cash flow expected to improve in H2 and beyond, supporting both business investment and shareholder distributions\n\nA$400M buyback commitment reaffirmed but timing dependent on market liquidity\n\nConsultants engaged to enhance operational performance using global best practices and improvement seen but aim is for better than pre-COVID levels\n\nKEY EVENTS\n\nASX corporate actions occurring today:\n\n\nTrading ex-div: Bluescope Steel (BSL) – $0.25, Fiducian Group (FID) – $0.18, GWA Group (GWA) – $0.07, Lendlease (LLC) – $0.06, GUD Holdings (GUD) – $0.185\n\nDividends paid: Goodman Group (GMG) – $0.15\n\nListing: None\n\nEconomic calendar (AEDT):\n\n\n12:30 pm: China House Price Index (Jan)\n\n8:00 pm: Germany IFO Business Climate (Feb)\n\nThis Morning Wrap was written by Kerry Sun.\n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2413222281"}