Asian shares were mixed as US equity futures rose and Treasuries held gains from the prior day as investors weighed signs of cooling in the jobs market and efforts to repair ties between Washington and Beijing. Hong Kong-listed technology stocks rallied more than 1% Friday and Japanese blue chips traded around 0.5% higher. Mainland China shares fluctuated while Australian and South Korean equities saw small declines. The advance for tech stocks in the Hang Seng Index was helped along by gains for JD.com, which said its finance chief would take on the chief executive officer role. The e-commerce giant’s shares rose 7%. This followed on from the best session in three months for US-listed Chinese stocks on Thursday. Geopolitics provided a modicum of support for sentiment, after US National Security Adviser Jake Sullivan met with China’s top diplomat Wang Yi to ease rising tensions between the nations. US futures rose in Asian trading after the S&P 500 slid 0.2% following jobs and inflation data. The tech-heavy Nasdaq 100 added 0.3% after Google parent Alphabet Inc. showcased its artificial intelligence tools. Much uncertainty remains, though, which is encouraging investors to look for hedges against volatility. JPMorgan Chief Executive Officer Jamie Dimon said “we need to finish the bank crisis,” in a Bloomberg Television interview, adding regulators should do “whatever they need to do to make it better.” He predicted more regulations were ahead for lenders. Investors are digesting news that a meeting between President Joe Biden and House Speaker Kevin McCarthy set for Friday will be postponed. The delay reflects progress in staff-level discussions, according to people familiar with the talks. Data showed US initial jobless claims reached the highest since October 2021 while producer prices rose 0.2% in April, trailing economists’ estimates for a 0.3% increase. The reports indicate the Federal Reserve’s policy-tightening campaign may finally be having an effect on inflation as the central bank walks a tightrope between reining in rising prices and tipping the economy into a downturn. Elsewhere, the Bloomberg Commodity Index is set for its fourth weekly decline on the weak US and Chinese economic data, its longest such streak since September. Adani Group continues to face problems, with global index manager MSCI Inc. to exclude two of its firms from its India gauge. The pair, Adani Total Gas Ltd. and Adani Transmission Ltd., slid 5%. That’s a blow to the group as it tries to recover from the rout triggered by a short-seller report earlier this year. US After Hours BLBD +26.6%, AMLX +5.2%, NWSA +4.6%, SANM +2.5% higher on earnings; IONQ -12.7%, HROW -9.5%, ANAB -6.1%, WEST -6% lower on earnings.
Nikkei +0.84% Hang Seng -0.13% CSI -0.59% Shanghai -0.40% Shenzen -0.39%
Eur$ 1.0924 CNH 6.9546 CNY 6.9453 JPY 13461 GBP 1.2524 CHF 0.8928 RUB 76.8449 TRY 19.6174 WTI$ 70.60 -0.38% Gold -0.19% BTC 26,660 -1.30% ETH 1,769 -1.5%
S&P +0.22% Nasdaq +0.28% EuroStoxx +0.42% FTSE +0.34% Dax +0.29% SMI +0.52%
Macro :
- MSCI Says 86 Additions, 39 Deletions From MSCI Acwi Index
- UK Plans to Create a £50B Fund to Back Startups, Reuters Says
- UK Plans to Create a £50B Fund to Back Startups, Reuters Says
- Coty Plan Shows Paris Bourse Could Become Luxury Hub: ECM Watch
- Citi Sees A Race to Raise Cash as Debt Ceiling Nears: ECM Watch
- Defensive SMI Holds Winning Ticket Despite EPS Cuts, Strong FX
- Insurers Poorly Prepared as Atlantic Hurricane Season Approaches
Keep an eye on :
Keep an eye on :
- AC FP : Qatar Holding to Sell 7m Shares in Accor, Plus 7m Calls
- ALV GY : Allianz 1Q Operating Profit EU3.73B, Allianz 1Q 3rd Party Net Inflows Pimco EU14B
- ALV GY : Pimco Clients Add €14 Billion, Ending Four Quarters of Outflows
- AZE BB : Azelis 1Q Gross Margin 24.3% Vs. 24.2% Y/y
- CXGD PL : Caixa Geral 1Q Net Income EU285M Vs. EU146M Y/y
- DBV FP : Skin Patch Helps Ease Peanut Allergy Symptoms in Toddlers
- DOCM SW : DocMorris Offers to Repurchase 2.50% Bonds Due November 2024
- DOV IM : doValue 1Q Gross Rev. EU101.4M Vs. EU131.3M Y/y
- DEC FP : JCDecaux Sees 2Q Organic Adjusted Revenue About +9%
- DEC FP : JCDecaux Sees 2Q Organic Adjusted Revenue About +9%
- ERG IM : ERG 1Q Adjusted Ebitda EU167M Vs. EU168M Y/y
- FER SM : Ferrovial Results Demonstrate Revenue Progress: Street Wrap
- FRA GY : Fraport April Frankfurt Airport Passengers +21.5%
- GSF NO : Grieg Seafood 1Q Ebit Beats Estimates
- HLN LN : GSK to Sell $1 Billion Haleon Stake After Consumer Unit Spinoff
- ILTY IM : Illimity Bank Sees FY Net Income Above EU100M, Saw EU100M
- JM SS : SBB Sells $271 Million of JM Stock as Swedish Real Estate Sags
- MANU US : Man United Falls After Sun Says Ratcliffe Is Preferred Bidder
- MRL SM : Merlin Properties 1Q Net Income EU66.2M
- NDX1 GY : Nordex 1Q Ebitda Loss EU114.9M, Est. Loss EU58.8M (2 Est.)
- NAS NO : Norwegian Air 1Q Pretax Loss NOK991.6M, Est. Loss NOK1.03B
- B4B GY : Metro 2Q Sales Beats Estimates
- OX2 SS : OX2 Sells Stake in Finnish Offshore Wind Development Portfolio
- PHIA NA : Philips to Pay Over $62M to Settle SEC Charges
- PIRC IM : Pirelli Maintains FY Revenue Forecast
- PIRC IM : Pirelli Delays Board Renewal Amid Italy’s Scrutiny of China Pact
- REJLB SS : Rejlers Offering of 1.73m Shares Prices at SEK145/Share
- CFR SW : Richemont FY Operating Profit Beats Estimates
- SAN SM : Eight Top Credit Suisse Bankers Set to Join Santander
- SBBB SS : SBB Sells $271 Million of JM Stock as Swedish Real Estate Sags
- SCR FP : Scor 1Q Net Income EU311M Vs. Loss EU35M Y/y
- SHEL LN : Octopus, Ovo Bid for Shell’s UK Home Energy Supply Business
- SIFG NA : SIF 1Q Adjusted Ebitda EU10.8M Vs. EU9.6M Y/y
- GLE FP : Societe Generale Posts First-Quarter Revenue Fall, Profit Rise
- SOW GY : Schroders Says Silver Lake’s Bid Undervalues Software AG: FT
- STORB SS : Storskogen 1Q Sales Beats Estimates
- TGYM IM : Technogym’s Weightroom Billionaire Eyes Shift as Population Ages
- THULE SS : Thule Group CFO Jonas Lindqvist Will Leave His Position
- UBSN SW : UBS Prioritizes Credit Suisse IB Integration, Cost Cuts: FT
- UNI IM : Unipol 1Q Direct Insurance Income EU3.87B Vs. EU3.45B Y/y
- UN IM : UnipolSai 1Q Consolidated Net EU231M Vs. EU118M Y/y
- VTSC GY : Vitesco 1Q Adjusted Ebit Misses Estimates, FY Outlook Confirmed
- VOW GY : Northvolt Set to Build Two New Battery Plants Amid Strong Demand
- FHZN SW : Zurich Airport April Passenger Traffic +34%