2 Hours AgoChina retail, business numbers best expectationsChina reported stronger-than-expected numbers for retail and stuck asset funding for the primary two months of 2024.Retail gross sales rose 5.5% and business manufacturing used to be up 7%, each beating analysts’ expectancies. The unemployment fee for towns used to be 5.3% in February.Funding into actual property dropped 9% yr on yr in January and February, whilst production rose 9.4% right through that point.China’s information for January and February is usually mixed to clean out diversifications from the Lunar New 12 months, the rustic’s largest nationwide vacation, right through which companies stay close for no less than one week.— Evelyn Cheng3 Hours AgoNissan and Honda stocks upward thrust as corporations signal EV agreementShares of Jap automakers Honda and Nissan climbed on Monday after the opponents signed a memorandum of figuring out associated with the electric-vehicle marketplace.Honda used to be up 2.64%, whilst Nissan stocks had climbed 4.81% by way of 10.56 a.m. Tokyo time.The MOU goals to “start a feasibility learn about of a strategic partnership within the fields of car electrification and intelligence,” in step with the announcement.”Rising gamers are very competitive and are making inroads at implausible velocity,” Nissan CEO Makoto Uchida informed a press briefing, in step with a Reuters file.”We can’t win the contest so long as we stick with standard knowledge and a standard way,” he added.4 Hours AgoNikkei 225 leads positive factors in Asia, powered by way of production shares Japan’s Nikkei 225 rose greater than 2% on Monday, crossing the 39,000 mark for the primary time in 10 days as production and health-care shares powered the rally.Then again, the most important gainer at the index used to be monetary generation corporate Rakuten Team, which surged 7.38%.Different names at the best gainers record come with automaker Nissan which climbed over 6.5% , in addition to pharmaceutical company Chugai Pharmaceutical, which used to be up 4%.The yen weakened by way of 0.18% at the again of the index’s rally, buying and selling at 149.29 towards the buck.5 Hours AgoSingapore non-oil February exports impulsively fallSingapore’s non-oil home exports fell 0.1% yr over yr in February, in step with reliable information.Singapore NODX fell when put next with Reuters ballot expectancies of a 4.7% upward thrust in February.”NODX declined over the yr, basically because of non-electronics [food preparations, specialty chemicals & electrical circuit apparatus],” the observation learn, while electronics exports grew.The studying follows a 16.7% upward thrust in January.— Shreyashi Sanyal4 Hours AgoCNBC Professional: The ‘subsequent large factor’ in tech will come from those spaces, UBS says — naming shares to play the themeIn the following decade, corporations the usage of generation to disrupt sectors will be preferred, in step with UBS.The “subsequent large factor” in tech will come from sectors comparable to enabling tech — which incorporates synthetic intelligence and cybersecurity — in addition to healthtech, greentech and fintech, UBS mentioned.”Jointly, we see trade leaders for 2030 rising from those sectors,” mentioned UBS in a March 14 file.Listed below are some names from UBS’ record and what it says about every inventory. All are U.S.-listed.CNBC Professional subscribers can learn extra right here.— Weizhen Tan4 Hours AgoCNBC Professional: Step apart Nvidia, this “supercomputing” world inventory is up just about 100% this yr – and it is making a bet large on AIWhile chip darling Nvidia has grabbed headlines for its spectacular inventory efficiency, pushed by way of pleasure round synthetic intelligence, an under-the-radar Ecu corporate has quietly noticed its stocks just about double in 2024.The small-cap company, with gross sales totaling 52 million euros ($56 million) within the first part of final yr, just lately bagged a €300 million contract. It additionally simply had its 150 patents valued at $835 million.CNBC Professional subscribers can learn extra right here.— Ganesh RaoFri, Mar 15 2024 3:12 PM EDTOil posts weekly achieve as crude marketplace anticipated to tightenA pump jack operates in entrance of a drilling rig at sundown in an oil box in Midland, Texas U.S. August 22, 2018.Nick Oxford | ReutersCrude oil futures fell relatively Friday however won for the week after emerging within the two earlier periods.The West Texas Intermediate contract for April fell 22 cents, or 0.27%, to settle at $81.04 a barrel. The Brent contract for Would possibly misplaced 8 cents, or 0.09%, to settle at $85.34 a barrel.U.S. crude and the worldwide benchmark are up greater than 3.5% week so far up to now.— Spencer KimballFri, Mar 15 2024 10:16 AM EDTConsumer sentiment survey misses estimate for MarchCustomers store at a Costco retailer on August 31, 2023 in Novato, California.Justin Sullivan | Getty Pictures Information | Getty ImagesConsumer sentiment used to be little modified in March although it used to be relatively underneath what Wall Side road had anticipated, in step with a carefully watched College of Michigan survey launched Friday.The Survey of Shoppers posted a studying of 76.5, down 0.4 issues from February and lacking the Dow Jones consensus estimate for 77.4.Inflation expectancies have been unchanged at each the one- and five-year horizons, at 3% and a couple of.9% respectively. The present stipulations index additionally used to be unchanged at 79.4.”After robust positive factors between November 2023 and January 2024, client perspectives have stabilized right into a protecting trend; customers perceived few indicators that the financial system is these days bettering or deteriorating,” mentioned Joanne Hsu, the survey’s director. Hsu added that customers are “withholding judgment” till the November presidential election.—Jeff CoxFri, Mar 15 2024 8:12 AM EDTBitcoin drops 7% overnightCryptocurrency holders at the east coast aroused from sleep to numerous pink on their displays on Friday. Bitcoin used to be buying and selling above $72,000 overdue Thursday evening, however suffered a steep drop and is now soaring close to $67,000. That may be a decline of about 7%. See Chart…Bitcoin fell sharply in in a single day buying and selling. It used to be now not instantly transparent what sparked the selloff. Crypto.com CEO Kris Marszalek informed CNBC’s “Squawk Field” that the marketing power used to be most probably coming from the choices marketplace.— Jesse Pound
