Asian equities rose Thursday after US stocks set a fresh high ahead of inflation data that may help shape Federal Reserve policy easing in the coming months. Hong Kong equities gained and those in mainland China fluctuated following the release of details for a People’s Bank of China liquidity tool institutional investors can use to purchase stocks, a measure initially unveiled last month. That extended volatile trading after a benchmark of mainland stocks on Wednesday suffered its biggest loss in four years. Treasuries were steady in Asian trading, while the Bloomberg Dollar Spot Index and the yen were little changed. South Korean bond futures rose following news of inclusion in FTSE Russell’s World Government Bond Index. Chinese stocks are set for further gyrations as investors look to a press conference by the finance ministry on Saturday for clues on stimulus. A 10-day equities rally on the mainland snapped Wednesday after weak economic data from the Golden Week holidays and Beijing’s reluctance to commit to more measures to fuel the rally. The bar is high for China’s Ministry of Finance to convince the market that its reflation pivot is back on more firmly at the press conference on Saturday, according to Morgan Stanley. Louisa Fok, a China equity strategist at Bank of Singapore, said 2 trillion yuan ($283 billion) of stimulus is “now becoming the consensus,” with probably half of that going to local governments. If a majority of the remainder goes to consumption, it will be positive for markets, she said. Elsewhere in Asia, Taiwan Semiconductor Manufacturing Co. posted a better-than-expected 39% rise in quarterly revenue on Wednesday. Markets are closed in Taiwan on Thursday. In commodities, oil edged higher as US crude inventories swelled and traders monitored China’s plans for fiscal policy. Gold rose for the first time in seven days. US consumer price data to be released later Thursday is expected to show inflation further moderating, supporting the Fed’s anticipated easing in the coming months. Despite this, market pricing indicates the likelihood of another 50 basis point rate cut is all but off the table following last week’s strong jobs report. US After Hours TXG -27.8% lower on guidance; ETWO -18.1%, APLD -2%, AZZ -2% lower on earnings; CNM +1.3% ticks higher on two acquisitions
Nikkei +0.27% Hang Seng +3.69% CSI +2.32% Shanghai +2.61% Shenzen +1.22%
Eur$ 1.0941 CNH 7.0723 CNY 7.0655 JPY 149.44 GBP 1.3075 CHF 1.1616 RUB 97.0000 TRY 34.2530 WTI$ 73.87 Gold 2,614 BTC 60,801 ETH 2,391
S&P -0.03% Nasdaq -0.01% EuroStoxx -0.22% FTSE +0.25% Dax -0.12% SMI +0.25%
Macro :
- Nouriel Roubini Warns of a Trump Win Spurring Stagflation Shock
- Third Human Case of Bird Flu Confirmed in California, CDC Says
- OpenAI Chairman’s Startup Raising Funds at Over $4 Billion Value
Keep an eye on :
Keep an eye on :
- YOU GY : About You Narrows FY Rev. Growth View, Raises Adj. Ebitda View
- AGR AV : Agrana 2Q Ebit EU24.3M Vs. EU47.4M Y/y
- AIR FP : Airbus September Deliveries Weak, Short of 3Q Consensus: React
- AIR FP : Airbus Delivery Goal Increasingly Tough to Achieve: Street Wrap
- AAPL US : Amazon Adds Apple TV+ to Its Channels Store for Streaming Videos
- BSLN SW : Basilea Receives Cresemba APAC Sales Milestone Payment
- BNP FP : European Banks' €730 Billion CRE Loans Not Out of the Woods Yet
- BPER IM : Bper Targets EU3.2b Cumulated Cash Dividend in 2025-2027 Period
- BWLPG NO : BW LPG Prelim 3Q BW Product Services Gross Profit About $71M
- CBK GY : Deutsche Bank Seeks Commerzbank Advice: EMEA Financials Wrap
- CVC NA : CVC Capital Holder GIC Special Investments Offers Shares: Terms
- DTE GY : Deutsche Telekom Announces Share Buyback of Up to €2 Billion
- EDPR PL : EDPR Completes Transaction to Buy Back Stake in Wind Portfolio
- FORTUM FH : Fortum Says Both Units at Loviisa Plant Back in Production
- GIVN SW : Givaudan 3Q Sales Beats Estimates
- GSK LN : GSK to Settle Zantact Product Liability Cases for Up to $2.2B
- GXO US : XPO-Spinoff GXO Logistics Is Said to Explore Potential Sale
- MC FP : Arnault Family, Red Bull to Buy Soccer Club Paris FC: L’Equipe
- EGP PL : Mota-Engil Raises Amount of Bond Offering to as Much as €80m
- NHOA FP : NHOA to Resume Trading Thursday on Revised Take-Private Offer
- NOVN SW : Swiss Competition Body Ends Novartis Probe Without Consequenses
- NVDA US : Nvidia Is Still Undervalued, Says $50 Billion Manager Impax
- OPENAI IPO : OpenAI Projections Imply Losses Tripling to $14 Billion in 2026
- PGHN SW : Partners Group-Backed KinderCare Shares Climb 12% After IPO
- PST IM : Italy Set to Place 13.5% Stake of Poste Italiane: Messaggero
- PFE US : Former Pfizer CEO, Ex-CFO Won’t Be Involved in Starboard Efforts
- REP SM : Repsol 3Q Refining Margin Narrows to $4/bbl From $13.6/bbl Y/y
- SGO FP : EU Renovation Wave May Gain Momentum in 2025 With Green Deal
- SAN FP : CD&R Is Frontrunner to Buy Doliprane From Sanofi: BFM
- SCR FP : Scor in Exclusive Talks With Albin Michel for Sale of Humensis
- SIKA SW : EU Renovation Wave May Gain Momentum in 2025 With Green Deal
- STLA US : Stellantis CEO Eyes Management Shakeup as Pressure Mounts
- STLA US : Stellantis, Whitmer in Talks to Keep US HQ in Detroit: Crain’s
- SUBC NO : Subsea 7 Gets Contract in US Gulf of Mexico Worth $50M-$150M
- TECH NO : Techstep Offers Up to 2.78m Shares at NOK10.80/Share, Shares Prices at NOK10.80/Share
- TECH NO : Techstep Offers Up to 2.78m Shares at NOK10.80/Share, Shares Prices at NOK10.80/Share
- VAR NO : Var Energi Sees FY Production 280,000 to 290,000 BOE/D