Today’s Outlook :
• US MARKET : U.S. stocks closed solidly higher on Wednesday, led by gains in Nvidia ahead of its quarterly earnings release after the market close. The technology sector extended its rebound following a sharp sell-off on Monday. The S&P 500 rose 0.8% to 6,947.98, the NASDAQ Composite jumped 1.3% to 23,152.08, while the Dow Jones Industrial Average gained 0.6% to 49,482.27. The rally came as concerns over AI-related disruption across multiple industries eased.
Nvidia helped calm worries over AI demand after posting quarterly results that beat expectations and issuing stronger-than-expected guidance for the current quarter. Its shares rose 2.2% in after-hours trading. Year-to-date in 2026, Nvidia is up 3.4%, the best performance among the “Magnificent 7,” and well ahead of the S&P 500’s 0.7% gain. Demand for Nvidia’s chips— particularly for data centers—continued to surge in the final quarter of its fiscal year.
Besides the corporate sector, uncertainty surrounding tariffs imposed by President Donald Trump remains a key overhang, following the implementation of temporary 10% global tariffs after a Supreme Court ruling struck down his so-called “reciprocal” levies. In his State of the Union address on Tuesday, Trump said his tariff agenda was “working well,” while calling the court’s decision “unfortunate.” He also addressed inflation and ongoing peace talks with Iran. However, voter approval of his economic management continues to decline— a Washington Post–ABC News–Ipsos poll showed only 39% approval of his performance as president.
• EUROPEAN MARKET : European stocks rose on Wednesday as investors digested a wave of major quarterly earnings, led by banking giant HSBC. Germany’s DAX climbed 0.6%, France’s CAC 40 gained 0.5%, and the UK’s FTSE 100 advanced 1.1%. The pan-European STOXX 600 index closed at a fresh record high.
Latest data confirmed that Germany’s economy grew 0.3% quarter-onquarter in 4Q25, improving from flat growth in the prior quarter. Eurozone consumer inflation stood at 1.7% year-on-year in January, down 0.6 percentage points from the previous month.
• ASIAN MARKET : Most Asian equities advanced on Wednesday, with Japanese and South Korean markets hitting new record highs, driven by strength in technology stocks. Chinese shares extended gains after reopening from the Lunar New Year holiday, while Hong Kong benefited from a rebound in tech names.
Japan’s Nikkei 225 surged nearly 2% to a record high of 58,319.0, while South Korea’s KOSPI climbed more than 2% to an all-time high of 6,122.98. A weaker yen further supported Japan’s export-oriented stocks.
In South Korea, shares of Hyundai Motor jumped as much as 10% after Reuters reported plans for multi-billion-dollar domestic investments. Memory chip giants Samsung Electronics and SK Hynix each rose about 2%, hitting record highs ahead of Nvidia’s closely watched earnings release.
• COMMODITIES :
OIL: Oil prices ended largely unchanged despite a much larger-than-expected build in U.S. crude inventories, which failed to ease concerns over potential supply disruptions stemming from possible U.S.–Iran military conflict. Brent crude edged up 8 cents to USD 70.85 per barrel, while WTI slipped 21 cents to USD 65.42 per barrel.
GOLD: Gold prices rebounded from the previous session’s losses as investors assessed the impact of newly imposed U.S. tariffs and focused on upcoming U.S.–Iran talks. JPMorgan expects demand from central banks and investors to push gold prices to USD 6,300 per ounce by the end of 2026.
• INDONESIA : The JCI rose by 0.5% to 8,322.2, supported by a rebound in selected commodity stocks and conglomerate groups. Investors are advised to maintain a buy-on-weakness strategy for commodity-related stocks, which are expected to remain a key trading theme this year amid rising oil, gold, and nickel prices. Risk management remains crucial, with tight stop-loss and trailing-stop levels recommended amid elevated market volatility.
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