2 Hours AgoChina retail, industrial numbers high expectationsChina reported stronger-than-expected numbers for retail and glued asset funding for the primary two months of 2024.Retail gross sales rose 5.5% and industrial manufacturing was up 7%, each beating analysts’ expectations. The unemployment price for cities was 5.3% in February.Funding into actual property dropped 9% 12 months on 12 months in January and February, whereas manufacturing rose 9.4% throughout that point.China’s information for January and February is usually mixed to easy out variations from the Lunar New Yr, the nation’s largest nationwide vacation, throughout which companies stay shut for at the least one week.— Evelyn Cheng3 Hours AgoNissan and Honda shares rise as firms signal EV agreementShares of Japanese automakers Honda and Nissan climbed on Monday after the rivals signed a memorandum of understanding associated to the electric-vehicle market.Honda was up 2.64%, whereas Nissan shares had climbed 4.81% by 10.56 a.m. Tokyo time.The MOU goals to “start a feasibility research of a strategic partnership within the fields of auto electrification and intelligence,” in response to the announcement.”Rising gamers are very aggressive and are making inroads at unimaginable pace,” Nissan CEO Makoto Uchida instructed a press briefing, in response to a Reuters report.”We can not win the competitors so long as we stick to standard knowledge and a standard method,” he added.4 Hours AgoNikkei 225 leads beneficial properties in Asia, powered by manufacturing shares Japan’s Nikkei 225 rose greater than 2% on Monday, crossing the 39,000 mark for the primary time in 10 days as manufacturing and health-care shares powered the rally.Nevertheless, the biggest gainer on the index was monetary expertise firm Rakuten Group, which surged 7.38%.Different names on the highest gainers checklist embrace automaker Nissan which climbed over 6.5% , in addition to pharmaceutical agency Chugai Pharmaceutical, which was up 4%.The yen weakened by 0.18% on the again of the index’s rally, buying and selling at 149.29 in opposition to the dollar.5 Hours AgoSingapore non-oil February exports unexpectedly fallSingapore’s non-oil home exports fell 0.1% 12 months over 12 months in February, in response to official information.Singapore NODX fell in contrast with Reuters ballot expectations of a 4.7% rise in February.”NODX declined over the 12 months, primarily as a result of non-electronics [food preparations, specialty chemicals & electrical circuit apparatus],” the assertion learn, whereas electronics exports grew.The studying follows a 16.7% rise in January.— Shreyashi Sanyal4 Hours AgoCNBC Professional: The ‘subsequent massive factor’ in tech will come from these areas, UBS says — naming shares to play the themeIn the following decade, firms utilizing expertise to disrupt sectors will seemingly be favored, in response to UBS.The “subsequent massive factor” in tech will come from sectors corresponding to enabling tech — which incorporates synthetic intelligence and cybersecurity — in addition to healthtech, greentech and fintech, UBS stated.”Collectively, we see business leaders for 2030 rising from these sectors,” stated UBS in a March 14 report.Listed below are some names from UBS’ checklist 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” international inventory is up almost 100% this 12 months – and it is betting massive on AIWhile chip darling Nvidia has grabbed headlines for its spectacular inventory efficiency, pushed by pleasure round synthetic intelligence, an under-the-radar European firm has quietly seen its shares almost double in 2024.The small-cap agency, with gross sales totaling 52 million euros ($56 million) within the first half of final 12 months, not too long ago 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 acquire as crude market anticipated to tightenA pump jack operates in entrance of a drilling rig at sundown in an oil discipline in Midland, Texas U.S. August 22, 2018.Nick Oxford | ReutersCrude oil futures fell barely Friday however gained for the week after rising within the two earlier classes.The West Texas Intermediate contract for April fell 22 cents, or 0.27%, to settle at $81.04 a barrel. The Brent contract for Could 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 up to now to date.— 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 was little modified in March although it was barely beneath what Wall Road had anticipated, in response to a carefully watched College of Michigan survey launched Friday.The Survey of Shoppers posted a studying of 76.5, down 0.4 factors from February and lacking the Dow Jones consensus estimate for 77.4.Inflation expectations have been unchanged at each the one- and five-year horizons, at 3% and a pair of.9% respectively. The present circumstances index additionally was unchanged at 79.4.”After robust beneficial properties between November 2023 and January 2024, client views have stabilized right into a holding sample; shoppers perceived few indicators that the economic system is at the moment bettering or deteriorating,” stated Joanne Hsu, the survey’s director. Hsu added that buyers are “withholding judgment” till the November presidential election.—Jeff CoxFri, Mar 15 2024 8:12 AM EDTBitcoin drops 7% overnightCryptocurrency holders on the east coast woke as much as plenty of purple on their screens on Friday. Bitcoin was buying and selling above $72,000 late Thursday evening, however suffered a steep drop and is now hovering close to $67,000. That could be a decline of about 7%. See Chart…Bitcoin fell sharply in in a single day buying and selling. It was not instantly clear what sparked the selloff. Crypto.com CEO Kris Marszalek instructed CNBC’s “Squawk Field” that the promoting stress was seemingly coming from the choices market.— Jesse Pound