(Bloomberg) European futures slipped, as investors remained cautious ahead of US inflation data and Asia settled into holiday mode for the Lunar New Year. US stock-index futures inched lower. The MSCI Asia Pacific Index fell 0.2%, though was still on track for its third weekly gain amid a flurry of stimulus announcements as China attempted to stem an equity market slump. Hong Kong’s Hang Seng Index and a measure of Chinese equities in Hong Kong dropped ahead of early closures, though both gauges are higher for the week thanks to a big gain on Tuesday on optimism around state support. “What we need in China in terms of catalysts is a large coordinated fiscal easing targeting demand,” Florian Neto, head of Asia multi-asset at Amundi Hong Kong Ltd., said on Bloomberg Television. “What we have is market stabilization, but it’s not tackling the fundamental issues in the Chinese economy.” Markets were shut for the holiday in mainland China, Taiwan, South Korea, Indonesia, the P
(Bloomberg) Baidu Inc. plunged its most in more than a year after a report linked its Ernie AI platform to key military research, spurring concerns about retaliation from Washington.Most Read from BloombergUS Economy Set for Another Cash Boost If Congress Backs Tax DealApple to Shutter 121-Person San Diego AI Team in ReorganizationBiden Says US Doesn’t Support Taiwan Independence After VoteTaiwan Stocks Rise as Election Result Seen to Force CompromiseThe search engine firm, generally consider
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