To The Moon

China rebounded from slump on high CPI; Japan fell on policy bets.

🇺🇸 S&P 500: -0.11% 📉

🇺🇸 Nasdaq: -0.41% 📉

🇪🇺 Stoxx 600 Index: -0.35% 📉

🇯🇵 Nikkei 225 Index: -2.19%📉

🇭🇰 Hang Seng: 1.43%📈

🇨🇳 CSI 300: 1.25%📈

• U.S. stocks ended the day lower, with the S&P 500 and Nasdaq down -0.1% and -0.4% respectively, as investors braced for this week's CPI and PPI data to get a better sense of the Fed's monetary policy policy.

• Official reports over the weekend stoked optimism that demand conditions in China's economy are improving, with Hong Kong's Hang Seng Index and China's CSI Index rising 1.4% and 1.3% respectively.

• The Nikkei 225 ended lower at -2.2% after the country avoided a technical recession, paving the way for its central bank to raise interest rates.

Nikkei

• Japan's revised GDP grew at an annualized rate of 0.4%, beating consensus expectations for a contraction of -0.4%, indicating that the country avoided a technical recession.

💡 Things you need to know today: 💡

1. The Federal Reserve (Fed) will terminate the Bank Term Financing Program (BTFP) on March 11. The program was launched a year ago in response to the collapse of several regional U.S. banks. This is a good news and can relieve the stress in banking sector, a bullish vote for $Bank of America(BAC)$  $JPMorgan Chase(JPM)$  $Citigroup(C)$  $Wells Fargo(WFC)$  $Coinbase Global, Inc.(COIN)$  !

2. U.S. Commerce Secretary Gina Raimondo said that the United States may further tighten controls on China's access to advanced semiconductor technology, indicating that Washington may increase efforts to prevent Beijing from catching up in military capabilities.

Gina Raimondo

3. Moody withdraws the investment-grade credit rating of state-backed developer Vanke Co. and warns of further downgrades, forecasting that due to falling home sales and financing uncertainty, Credit indicators and liquidity will weaken.

4. The Bank of Japan stayed away from the stock market on Monday, a surprising departure from its usual strategy of buying exchange-traded funds.

Bank of Japan

5. India and four European countries signed a free trade agreement that will invest $100 billion in the South Asian country over 15 years and create 1 million jobs, just weeks before the election of Prime Minister Narendra Modi's government.

✅ Key Points:

It's going to be a volatile week ahead due to the upcoming release of US price data. However, consider volatility as an opportunity.

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