Stock futures signaled a muted start for European equities as traders awaited an interest-rate decision by the region’s central bank.
Euro Stoxx 50 futures were little changed, while futures contracts on US stocks edged lower. In Asia, the MSCI’s regional gauge climbed the most in more than a week. Japan’s Topix rallied to its highest level since July, while an index of Chinese shares trading in Hong Kong jumped over 2%. US consumer price index data released on Wednesday was in line with expectations, cementing forecasts for the Fed to cut rates by 25 basis points later in December. Swaps traders have now virtually priced in such a move, compared with a 75% chance a week ago. An index of dollar strength fell Thursday, moderating a gain on Wednesday that was helped along by the higher Treasury yields. The European Central Bank is set to cut interest rates for the fourth time this year on Thursday, loosening constraints on the region’s struggling economy as inflation nears 2%, according to a Bloomberg survey of analysts. Economists also expect the Swiss National Bank to lower borrowing costs the same day. Asian equities have rebounded after recording back-to-back monthly losses as expectations of more growth measures from Beijing and a likely Fed rate cut bolster sentiment. Traders are awaiting details from China’s two-day Central Economic Work Conference that is expected to map out policies for next year, following stimulus signals from top leaders. Chinese authorities set a stronger-than-expected yuan fixing on Thursday, extending their support for the currency after it slid on a Reuters report that the nation is considering FX depreciation next year. Elsewhere in Asia, yields on Australian government debt jumped and the currency strengthened after data showed more jobs were added to the economy than anticipated and unemployment unexpectedly fell. US Treasury yields edged higher. The yen was little changed after falling in the previous three sessions. Bank of Japan officials see little cost to waiting before raising interest rates, while still being open to a hike next week depending on data and market developments, according to people familiar with the matter. January is now the most popular timing among BOJ watchers predicting when the next rate hike may come, though more than 40% still expect a move from the central bank next week, according to the latest Bloomberg survey. In commodities, oil steadied after a three-day gain, as traders digested US comments flagging possible tighter curbs on Russian and Iranian flows, and looked ahead to a monthly outlook from the International Energy Agency. Gold was little changed. <US after Houirs KR +2.9% jumps on new $7.5 bln repurchase plan; ADBE -8.4% sells off on weaker-than-expected guidance
Nikkei +1.21% Hang Seng +1.60% CSI +0.99% Shanghai +0.85% Shenzen +1.05%
Eur$ 1.0523 CNH 7.2619 CNY 7.2618 JPY 152.42 GBP 1.2780 CHF 0.8821 RUB 105.4933 TRY 34.8788 WTI$ 70.40 +0.16% Gold 2719 +0.05% BTC 100,576 -1.02% ETH 3918 +2.26%
S&P -0.13% Nasdaq -0.15% EuroStoxx +0.04% FTSE +0.08% Dax -0.11% SMI -0.09%
Macro :
- Chinese Consumption Stocks Surge on Policy Optimism, Vouchers
- ECB to Aid Waning Economy With Fourth Rate Cut: Decision Guide
- Inflation Gives Fed Green Light for December, Yellow for 2025
Keep an eye on :
Keep an eye on :
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- ATG LN : TA Associates to Sell its Entire Auction Technology Group Stake
- BBVA SM : BBVA Says Pillar 2 Capital Requirement Is 1.68%
- BIRG ID : Bank of Ireland’s 2025 Total Capital Requirement to be 15.90%
- BB FP : BIC Plans to Appoint New CEO by Sept. 30 to Succeed Bich
- BC IM ; Cucinelli Raises FY Revenue Growth to +11%-+12% (Dec. 11)
- CURY LN : Currys 1H Like-for-Like Sales +2%
- DBV FP : DBV: FDA Confirms Accelerated Approval Pathway for Viaskin Patch
- DLAR LN : De La Rue 1H Adjusted Operating Profit GBP7.3M Vs. GBP7.9M Y/y
- DOM SS : Dometic Starts Restructuring Program Impacting 500 Jobs (1)
- RF FP : Eurazeo Is in Exclusive Talks With Consortium to Sell Albingia
- FRA GY : Fraport Nov. Frankfurt Airport Passengers 4.6M
- GRF SM : Grifols Makes €1.3 Billion Private Placement, Extends Rcf
- HELN SW : Helvetia Targets 2025-2027 Cumulative Dividend Payments >CHF1.2B
- HAG GY : Hensoldt Targets Medium-Term Adjusted Ebitda Margin of About 20%
- RMS FP : Hermes Family in Talks to Invest in French Insurer Albingia
- HSY US : Hershey’s Main Owner Said to Snub Mondelez Offer as Too Low
- IMPN SW : Implenia Sees Progress in Ina Invest, Cham Group Merger Talks
- INTEA SS : Intea Sets Price of SEK40/Class B Share in Offering
- INGA NA : ING Says Fully Loaded CET1 Requirement Is Unchanged at 10.87%
- LEON SW : Leonteq Gets Fined by Finma Over Risk Management, Cuts Guidance
- LIAB SS :
- LONN SW : Lonza to Focus on CDMO, Exit CHI Business When Appropriate
- TIGO US : Millicom to Delist From Nasdaq Stockholm March 17 at Earliest
- BMPS IM : *MONTE PASCHI WON'T HAVE TO GET PRIOR OK FROM ECB FOR DIVIDENDS
- NOKIA FH : Nokia Picked by Nscale to Deliver IP Network Solution
- OMV AV : OMV Terminates Contract With Gazprom Export After Supply Halt
- PIRC IM : Tronchetti Organizes Financing to Lift Pirelli Stake: Messaggero
- PCELL SS : PowerCell Offering of 5.75m Shares Prices at SEK33/Share
- PRY IM : Prysmian Office Inspected by Italian Competition Authority
- RNO FP : RCI Banque Says Pillar 2 Requirement Rises to 2.25% From Jan. 1
- RWS LN : RWS Holdings FY Revenue Meets Estimates
- SAB SM : Sabadell Says 2025 Pillar 2 Capital Requirement Is 2.25%
- SKAB SS : Skanska Sells Warsaw Office Building for €100m, About SEK1.2b
- SOP FP : Sopra Steria Sees 2028 Adjusted Operating Margin 10% to 11%
- SUBC NO :
- TRMED NO : Thor Medical Offering of 69m Shares Prices at NOK2.50/Share
- TLGO SM : *SIDENOR WANTS TO BUY 29.9% OF TALGO A €4/SHARE: CINCO DIAS
- TWEKA NA : TKH Gets ~€200M Contract for Inch Cape Offshore Wind Farm
- VAR NO : Var Energi Confirms Oil Discovery in Countach Appraisal Well
- VEI NO : Veidekke Gets Design, Build Contract Valued at About NOK340m
- VOW GY : Volkswagen Offers 14% Raise to UAW Tennessee Plant Employees
- ZURN SW : Zurich Airport Nov. Passenger Traffic +7.3%
- ZURN SW : Zurich Airport Nov. Passenger Traffic +7.3%