US and European equity futures were steady ahead of hotly anticipated US inflation data due later Thursday, while Asia’s session was marked by gains for tech giants. Euro Stoxx 50 contracts were little changed while S&P 500 and Nasdaq 100 futures walked back earlier gains during Asian trading. Major benchmarks for Japan, South Korea and mainland China rose, while those for Australia and Hong Kong fell. MSCI’s Asia-Pacific index was flat after five consecutive daily gains. Shares in Japan’s Softbank Group rose around 10% to a new high after major shareholding Arm Holdings Plc climbed in Wednesday trading in New York. Chipmakers Taiwan Semiconductor Manufacturing Co and SK Hynix Inc in South Korea also advanced. Treasuries were steady after a rally across the curve Wednesday, while Australian and New Zealand government bonds rose Thursday. An index of the dollar was little changed and the yen was steady against the greenback. US producer prices unexpectedly declined for the first time in four months in August. The data soothed worries that elevated inflation would create a challenge for policymakers trying prevent a jobs downturn ahead of US inflation figures due later Thursday. Monthly US producer prices excluding food and energy declined 0.1% in August from the prior month, falling short of consensus estimates of a 0.3% increase, while July’s figure was also revised down. The data may indicate firms are trying to stay competitive to maintain market-share, said Neil Dutta at Renaissance Macro Research. Later Thursday, the European Central Bank is expected to keep interest rates unchanged. Elsewhere, US President Donald Trump and Indian Prime Minister Narendra Modi pledged to talk and resume trade negotiations, signaling a possible thaw after weeks of a blistering fight over tariffs and Russian oil purchases. Indonesia’s new finance minister unveiled a roughly $12 billion cash injection to stimulate lending, proving his commitment to President Prabowo Subianto’s growth agenda barely two days into the job. Core CPI, a measure of underlying inflation excluding food and fuel, probably rose 0.3% for a second month, according to the Bloomberg survey median estimate. A weaker-than-expected reading may prompt further speculation for a 50 basis point Fed cut next week. The combination of a moderation in jobs growth and still-manageable inflation should keep the Fed on track to cut rates, with a 25-basis-point cut expected in September to be followed by three additional consecutive cuts of the same size by January 2026, according to Ulrike Hoffmann-Burchardi at UBS Global Wealth Management. Alibaba Group Holding Ltd rose after early declines. The company is seeking to raise $3.17 billion in an offering of zero-coupon convertible notes that’s set to be the year’s biggest, according to terms of the deal seen by Bloomberg News. In commodities, gold was slightly lower after gains in the prior session and oil also edged lower after three days of gains, as investors weighed Trump’s next moves to pressure Russia, raising concerns over crude supplies. Meanwhile, Mexico is looking to apply tariffs of as much as 50% on cars, auto parts, steel and textiles from China and other countries with which it does not have a trade agreement, according to Economy Minister Marcelo Ebrard. US After Hours OXM +16.3% sharply higher on earnings; OPEN +14.2% higher on naming Shopify COO as new CEO; QMCO -17% and KEQU -16.3% lower on earnings.
Nikkei +0.96% Hang Seng -0.30% CSI +1.52% Shanghai +1.00% Shenzen +1.69%
Eur$ 1.1694 CNH 7.1194 CNY 7.1212 JPY 147.45 GBP 1.3522 CHF 0.7989 RUB 84.8813 TRY 41.2843 WTI$ 63.45 -0.35% Gold 3,630 -0.29% BTC 114,020 +0.35% ETH 4,403 +1.65%
S&P 0.04% Nasdaq +0.06% EuroStoxx -0.06% FTSE +0.21% Dax -0.14% SMI +0.15%
Macro :
- Saudi Prince Vows to Stop ‘Unacceptable’ Rise In Property Prices
- Euronext Reports No Changes to BEL 20 Index
- Spain’s IBEX 35 Index Unchanged After Review (Sept. 10)
- Blue Owl Nearing Close of $2.7 Billion Secondary Stake Sale
- Avalanche Foundation Aims to Raise $1B For Crypto Funds: FT
- US Approves Possible $1.07b Missile Sale to Finland
- U.S. Investor Bull-Bear Spread -21.5: AAII
Keep an eye on :
Keep an eye on :
- AA US : Alcoa Slides as Executive Speaks at Morgan Stanley Conference
- BABA US : Alibaba Seeks $3.17 Billion in 2025’s Biggest Convertible Issue
- ALHC US : General Atlantic Said to Seek $220m in Alignment Stock Sale
- BA/ LN : BAE Accelerates Shipbuilding to Meet Demand, Executive Says
- ABX CN : Barrick Sells Hemlo for up to $1.09 Billion
- CART/H CN : Carcetti to Buy Hemlo for $875m in Cash and Stock Deal
- 1COV GY : ADNOC Close to Finalizing EU Remedies for Covestro Deal: Reuters
- CVC NA : CVC Forms $14b Division Focusing on Leagues, Teams: Sportico
- ECVT US : Technip to Buy Some Ecovyst Businesses for Overall $556M
- EDPR PL : EDPR Completes Rotation of Wind Portfolio in France, Belgium
- ENVX US : Enovix Offers Coupon of Up to 5% on $300 Million Convertible (-13% in After Hours)
- FGR FP : Eiffage, NGE Win Waste-to-Energy Plants Contract for €132m
- FRA GY : Fraport Aug. Frankfurt Airport Passengers +4.1%
- IBE SM : Iberdrola Buys 30% of Brazil’s Neoenergia for $2.2 Billion
- ISS DC : ISS Signs 6-Year Contract With Australian Department of Defence
- JBLU US : JetBlue CEO Demands Fairer Airport Access in Quest to Compete
- KER FP : Kering, Mayhoola Won’t Change Valentino Ownership Before 2028
- KLAR US : Klarna Climbs 15% in Trading Debut After $1.37 Billion IPO
- LB Pharma IPO : LB Pharmaceuticals Upsized IPO Prices $15/Share
- MRK US : Merck Scraps Plans for £1 Billion London Hub in Fresh Blow to UK
- NEOE3 BZ : Iberdrola Energía to Buy ~30.3% in Neoenergia for BRL32.50/Shr
- NEM US : Newmont to Voluntarily Delist From Toronto Stock Exchange
- NIO US : Chinese EV Firm Nio Raises $1 Billion in Share Sale
- 7201 JP : Nissan CEO Wants to Launch New Cars Faster to Speed Turnaround
- NOBA BANk IPO : Swedish Lender NOBA Bank Announces Plans for IPO in Stockholm
- PUUILO FH : Puuilo 2Q Net Sales EU135.8M, Puuilo Updates Strategy, Sets New L-T Financial Targets
- SAN FP : Sanofi’s SAR402663 Gets Fast Track Designation in US
- SU FP : Schneider Electric to Close Two Plants in France: AFP (Sept. 10)
- TXGN SW : SMG’s Holders Seek up to $1.1 Billion in IPO in Swiss IPO, SMG Sets Expects Price Range for IPO at CHF43 to CHF46 Per Share
- STLA IM : Stellantis Sells Italian VM Motori Engine-Making Unit: Rtrs
- 4XO GY : Steyr Motors Gets C2 Emissions Certification in China
- TE FP : Technip to Buy Some Ecovyst Businesses for Overall $556M
- TRVI US : *TREVI THERAPEUTICS RISES 21% IN POSTMARKET TRADING
- UBSG SW : UBS Boss Ermotti Says Tariff Impact on Consumers, Policy Unclear
- VALE3 BZ : Vale CEO Sees Copper Growth Driven by Project Pipeline Over M&A
- WAY US : Waystar Holders Said to Offer Shares at Up to $40.50 Each
- SCD RO : Advent strikes €4.1bn deal to sell generic drugmaker Zentiva to GTCR, Sale is second private equity-backed healthcare transaction within weeks in Europe - FT
- FHZN SW : Zurich Airport Aug. Passenger Traffic +5.5%