Most Asian stocks rose Wednesday amid a China rally sparked by declining Covid cases, which spurred hopes that growth-sapping lockdowns could be loosened. Treasuries were steady ahead of a US inflation report. Mainland Chinese bourses rose more than 1.5%, while technology stocks rallied in Hong Kong. New infections fell in Shanghai and the city reported none in the community. The cases were instead detected in quarantine facilities. A Wall Street advance Tuesday also brought some respite from this year’s equity rout, which has been fueled by fears of an economic downturn as borrowing costs jump. U.S. and European futures pushed higher. Treasury yields were little changed and a dollar gauge remained near the highest level since 2020 as investors parsed Federal Reservecomments on tightening monetary policy. Oil climbed past $101 a barrel. Chinese inflation data showed factory-gate prices rose 8%, faster than expected. The US consumer-price index later is expected to moderate but stay above 8%. Disruptions linked to Russia’s war in Ukraine and China’s outbreak are stoking the cost of living. Fed officials reinforced Chair Jerome Powell’s message that half-point hikes are on the table in June and July. But Cleveland Fed President Loretta Mester told Bloomberg Television that “we don’t rule out 75 forever,” referring to a more aggressive, three-quarter-point increase.
Ukraine and Russia clashed over natural gas sent via pipelines to Europe in a spat that could disrupt supplies. Prices for the commodity jumped. US After Hours U -26.6%, COIN -16.4%, ICHR -10.5%, TTD -6.6%, RBLX -3.8% lower on earnings; PLBY +10.7%, REAL +10%, HRB +4.5%, EA +2.3% higher on earnings
Nikkei +0.29% Hang Seng +2% CSI +2.80% Shanghai +2.09% Shenzen +3.37%
Eur$ 1.0546 CNH 6.7418 CNY 6.7242 JPY 130.30 GBP 1.2337 CHF 0.9944 RUB 69.8725 TRY 15.3422 WTI$ 102.37 +2.55% Gold 1,837.68 -0.03% BTC 31,150 +1.65% ETH 2,383 +2.40%
S&P +0.32% NAsdaq +0.70% EuroStoxx +0.71% FTSE +0.51% Dax +0.26% SMI +0.05%
Macro :
- EU Weights Easing Green Standards as It Replaces Russia Fuel: FT
- Morgan Stanley Strategists Say Europe Stocks to Correct Further
- Ukraine Grid Says Russia Flows Via Key Entry Point to Stop
- Ukraine Grid Says Russia Flows Via Key Entry Point to Stop
- ECB’s Villeroy Says Governments Must Tackle Debt as Rates Rise
- Add China’s Housing Risk to List of Fed’s Worries: China Today
Keep an eye on :
Keep an eye on :
- ARL GY : Aareal Bank 1Q Operating Profit EU30M Vs. EU32M Y/y
- AED BB : Aedifica 1Q EPRA EPS EU1.11 Vs. EU0.97 Y/y
- AGS BB : Ageas 1Q Net Income EU271.8M Vs. EU295.9M Y/y
- AD NA : Ahold Delhaize 1Q Adjusted Operating Margin Beats Estimates
- AF FP : Air France Seeing Revival in Transatlantic Business Travel
- ALC SW : Alcon 1Q Core EPS Beats Estimates
- ALFEN NA : Alfen Boosts FY Revenue Forecast, Beats Estimates
- ALO FP : Alstom Stems Cash Drain, Takes $465 Million Russia Writedown
- ALO FP : Alstom in Talks to Sell TMH Stake to Russian Partners: BFMTV
- ASML NA : GlobalFoundries 1Q Adjusted EPS Beats Estimates
- AG1 GY : AUTO1 1Q Adjusted Ebitda Loss EU47.6M Vs. Loss EU14.3M Y/y
- BEKB BB : Bekaert 1Q Revenue EU1.39B Vs. EU1.13B Y/y
- GBF GY : Bilfinger 1Q Sales EU961M Vs. EU833M Y/y
- BNR GY : Brenntag 1Q Oper Ebitda Beats Estimates
- CABB IPO : Permira Mandates UBS For Swiss IPO of Chemical Maker: FAZ
- CWC GY : Cewe Stiftung Maintains FY Ebit Forecast
- DFDS DC : DFDS Sees FY Revenue +30%, Saw +23% to +27%
- EOAN GY : EON’s First-Quarter Earnings Drop Amid ‘Turbulent’ Energy Market
- EOAN GY : EON Sees ‘3 Digit Million’-Euro Drop on Nord Stream Investment
- EQNR NO : Storebrand to Vote Against Equinor’s Energy Transition Plan: DN
- EVT GY : Evotec SE 1Q Adjusted Ebitda EU18.9M Vs. EU21.1M Y/y
- FGR FP : Eiffage 1Q Like-for-Like Sales +9.1%
- FGR FP : Eiffage 1Q Like-for-Like Sales +9.1%
- ELIS FP : Elis 1Q Revenue Beats Estimates
- EVT GY : Evotec SE 1Q Adjusted Ebitda EU18.9M Vs. EU21.1M Y/y
- G IM : Mediobanca Could Weigh Option of Possible Generali Exit: Sole
- H24 GY : Home24 1Q Adjusted Ebitda Loss EU6.1M Vs. Profit EU0.6M Y/y
- ILTY IM : Illimity 1Q Operating Income EU33.5M Vs. EU19.5M Y/y
- INH GY : Indus Holding Maintains FY Ebit Forecast
- INPST NA : InPost 1Q Adjusted Ebitda 409.1M Zloty Vs. 332.2M Zloty Y/y
- JEN GY : Jenoptik 1Q Ebitda EU21M Vs. EU16.5M Y/y
- SDF GY : K+S 1Q Ebitda Beats Estimates
- TKWY NA : Tiger Global Cuts Stake in Just Eat Takeaway Amid Stock Slump
- LEG GY : LEG Immobilien 1Q Adjusted Ebitda Meets Estimates
- LHA GY : Lufthansa Apologizes for Blocking Orthodox Jews From Flight
- LUN DC : Lundbeck 1Q Core Ebit Beats Estimates
- MEKO SS : Mekonomen 1Q Ebit SEK190M Vs. SEK186M Y/y
- MOWI NO : Mowi 1Q Revenue Beats Estimates
- NEL NO : Nel 1Q Revenue Misses Estimates
- U US : Unity Software Plummets 34% After Results and Forecast
- ONTEX BB : American Industrial Partners Is Said to Consider Ontex Takeover
- PIRC IM : Pirelli Sees FY Adjusted Ebit Margin About 15%
- PNL NA : PostNL to Raise Deliverer Wages by 4% Twice in Two-Year Period
- RAA GY : Rational 1Q Ebit EU47.8M Vs. EU32M Y/y
- ROG SW : Roche Tiragolumab Skyscraper-01 Trial Misses Co-Primary Endpoint
- ROVI SM : Rovi Sees FY Operating Revenue +15% to +20%
- SGO FP : Bluebell Capital Calls for Shake-Up at France’s Saint-Gobain: FT
- SFER IM : Salvatore Ferragamo 1Q Revenue Beats Estimates
- ENR GY : Siemens Energy Says Full-Year Profit Will Be at Low End of Range
- S92 GY : SMA Solar 1Q Ebitda EU15M Vs. EU20M Y/y
- SLHN SW : Swiss Life 1Q Fee and Commission Income CHF579M Vs. CHF527M Y/y
- SWMA SS : Philip Morris Agrees to Buy Swedish Match for $16 Billion
- TATE LN : Soylent, Adopted Early by Tech Bros, Is Said to Explore a Sale
- O2D GY : Telefonica Deutschland 1Q Adjusted Oibda Beats Estimates
- TSCO LN : Investor Lobby Pushes U.K. Grocers to Improve Consumer Health
- TEVA IT : Teva, Allergan Poised to Pay $5 Billion to Resolve Opioid Suits
- TKA GY : *THYSSENKRUPP RAISES FY SALES AND EARNINGS FORECAST
- TKO FP : Tikehau-Backed SPAC to Buy Banijay in Deal Worth $4.3 Billion
- TTE FP : TotalEnergies Shutting Down Climate Tech Investment Arm: Axios
- TUI1 GY : TUI 2Q Underlying Ebit Loss EU329.9M, Est. Loss EU340.8M
- UBI FP : Electronic Arts 1Q Adj Rev Forecast Misses Estimates: Snapshot
- UCG IM : UniCredit Approves $3.2 Billion State-Backed Telecom Italia Loan
- UCG IM : UniCredit Launches Share Repurchase Program for Up To EU1.58b
- VLK NA : Van Lanschot Kempen 1Q Total Client Assets EU125.5B
- VOW GY : Volkswagen Is Bringing Back the Scout, the SUV Pioneer, as an EV -- WSJ
- ZURN SW : Zurich Insurance in Talks to Sell $21 Billion Book to Viridium