📱Xiaomi: One of the first tech giants to announce its earnings on the night of 18 March, Xiaomi's 4Q24 gross margin beat across segments, better product mix and lower costs. Operating profit jumped 110% YoY on operating leverage. Its smartphone gross margin increased by 0.3% QoQ due to stable component costs and better mix in China while its gross margin on electric vehicles reached ~20.5%, ahead of analysts' expectations. T...

📣In after-market news yesterday, Xiaomi sold 800 million shares at HK$53.25 apiece, a discount of 6.6% versus the share price's close at HK$57.00 yesterday.
↔️The proceeds from the share sale will be used to accelerate its business expansion and invest in research and development to advance technological capabilities
📶Xiaomi has more than tripled from a low in August, making it one of China’s most expensive tech stock...

S&P 500: 5,767.57 (+1.8%)
Nasdaq-100: 20,180.44 (+2.2%)
DJIA: 42,583.32 (+1.4%)
Eurostoxx: 5,415.79 (-0.2%)
U.S. crude futures: 69.11 (+1.2%)
U.S. equities surged on Monday, driven by increasing optimism that President Trump's forthcoming tariffs will be more selective than initially expected. The S&P 500 rose by 1.8%, with notable gains in the consumer-discretionary, communication services, industrial, and financial sectors. Meanwhile, the Nasdaq-1...

⚠️Chinese shares are headed for its sharpest two-day drop since 9 October 2024, with the benchmark Hang Seng Index futures down 2.2% to 23,663 as of 213PM, while th Hang Seng Tech Index futures is down 3.2% to 5,630
🔝Consequently, put warrants tracking Chinese shares and the benchmark HSI are amongst today's top gainers of between 33% to 100% while HSI and HSTECH call warrants are amongst the top losers with negative returns of 27% to 34%
🚘Lead...

S&P 500: 5,662.89 (-0.2%)
Nasdaq-100: 19,677.61 (-0.3%)
DJIA: 41,953.32 (-0.0%)
Eurostoxx: 5,450.93 (-1.0%)
U.S. crude futures: 68.26 (+3.2%)
US stocks slipped on Thursday, as uncertainty around the U.S. economy continued to weigh on equities despite Wednesday’s rally fueled by reassuring signals from Federal Reserve Chair Jerome Powell after the central bank held interest rates steady. The Nasdaq 100 fell about 0.3% weighed down by l...

– Last night, the US Federal Reserve held its funds rate target range unchanged at 4.25% to 4.5%
– Fed Chair Jerome Powell downplayed mounting growth concerns and that inflationary effects from the trade war will be transitory. Powell reassured markets that the US economy was still solid according to “hard data’ and that long-run inflation expectations remain well anchored
– Powell’s stance calmed financial markets. The S&P 500 moved higher as Powell spoke...

S&P 500: 5,675.29 (+1.1%)
Nasdaq-100: 19,736.66 (+1.3%)
DJIA: 41,964.63 (+0.9%)
Eurostoxx: 5,507.36 (+0.4%)
U.S. crude futures: 66.16 (+0.4%)
U.S. stock markets saw a rebound yesterday, with all major indices closing solidly in positive territory. This upward movement was driven by the Federal Reserve's announcement to keep interest rates steady and its projection for two rate cuts in 2025. The Dow gained 0.9% while the S&P 500 and Nasdaq-...