Asian stocks rose alongside Treasuries after softer US jobs data strengthened bets on a Federal Reserve interest-rate cut, boosting market sentiment. The MSCI Asia Pacific Index gained 0.4%. Technology shares rose, reversing early weakness, and futures contracts for the Nasdaq 100 index rose as much as 0.5%. Advanced Micro Devices Inc. jumped 4.8% in extended US trading after it predicted accelerating sales growth. Contracts also indicated European shares to rise at the open. Job figures from ADP Research signaled the labor market slowed in the second half of October, sending bonds higher across the curve. The 10-year yield dropped three basis points to 4.08% as money markets added to bets on Fed rate cuts, pricing roughly a 70% chance of a reduction next month. A gauge of the dollar edged up after five days of losses, while gold fell. The US government’s closure had heightened the importance of private data such as ADP, with investors deprived of key official indicators to gauge the strength of the economy. The record shutdown is now on track to end as soon as Wednesday, after the Senate passed a temporary funding measure that buoyed stocks as investors brace for a flood of delayed data once agencies reopen. US companies trimmed 11,250 jobs per week on average in the four weeks ended Oct. 25, according to data released Tuesday by ADP Research. The firm’s most recent monthly report, released last week, showed private-sector payrolls increased 42,000 in October after declining in the prior two months. Former Deputy Director of the National Economic Council under the Biden administration, Bharat Ramamurti, discusses the data showing how Americans are feeling living under the Trump economy. The data come after an array of companies flagged plans to reduce headcount in recent weeks. A report from outplacement firm Challenger, Gray & Christmas Inc. showed employers announced the most job cuts for any October in more than two decades, spurring anxiety about the health of the labor market. The reopening of the US government now depends on the House, which plans to return to Washington to consider the spending package. It would keep most of the government open through Jan. 30 and some agencies through Sept. 30. If approved, the bill goes to President Donald Trump, who has already endorsed the legislation. The resumption of economic data releases could make the case for increased wagers on rate cuts. Most economists surveyed by Bloomberg suggest that Fed officials will lower borrowing costs by a quarter-point at their Dec. 9-10 meeting. But the central bank’s path remained foggy after Chair Jerome Powell last month said a cut is not a certainty, a sentiment since shared by others at the Fed. Mentions of “economic slowdown” and synonyms during sales, guidance and earnings calls tracked by Bloomberg are the lowest since 2007. And this is playing out as the S&P 500 heads for a third year of high returns, with stocks as expensive as they were at their post-pandemic peak. “Overall, the trend remains positive,” said Louis Navellier at Navellier & Associates. “New highs by year-end are definitely on the table, especially if the Fed cuts in December and takes a more dovish stance.” US After Hours AMD +3.7% higher on analyst day strategy; UPXI +19%, CAE +6.2% and ALC +4.7% higher on earnings; OKLO -1.6% modestly lower on earnings.
Nikkei +0.43% Hang Seng +0.82% CSI +0.10% Shanghai +0.10% Shenzen -0.27%
Eur$ 1.1579 CNH 7.1210 CNY 7.1189 JPY 154.65 GBP 1.3134 CHF 0.8007 RUB 81.1322 TRY 42.2421 WTI$ 60.80 -0.38% Gold 4,115.51 -0.26% BTC 103,556 +0.89% ETH 3,454 +1.03% SOL 156.3070 +0.05%
S&P +0.27% Nasdaq +0.50% EuroStoxx +0.42% FTSE -0.01% Dax +0.52% SMI +0.31%
Macro :
- Elliott Seeks to Reassure Investors on Long-Term Returns: FT
- White House Explores Executive Order Targeting Proxy-Adviser Influence, Sources Say -- WSJ
- Newsom Calls Trump Offshore Drilling Plan ‘Dead on Arrival’
- Vista Equity Partners to Cut Staff in Favour of AI, FT Reports
Keep an eye on :
Keep an eye on :
- A2A IM : A2A 9M Ebitda EU1.73B Vs. EU1.80B Y/y, A2A Sees 2026 Ebitda Between €2.21b and €2.25b in Plan Update
- ABN NA : ABN Amro 3Q Net Interest Income Meets Estimates
- ABN NA : ABN Amro to Buy NIBC Bank for About €960m
- ALC SW : Alcon AG Maintains FY Core EPS Forecast Alcon Gains as Full-Year EPS Guidance Maintained: Street Wrap
- AMD US : AMD Predicts Accelerating Sales Growth on Data Center Demand
- AAL LN : Teck Held Merger Talks With Vale Metals Unit Before Anglo Deal
- POST AV : Austrian Post 3Q Ebit Misses Est.; Sees Lower FY Profit (1)
- BAYN GY : Bayer 3Q Adjusted Ebitda Beats Estimates
- BHVN US : Biohaven Is Said to Offer $150m of Shares at $7.50 to $8 Each
- BNR GY : Brenntag Sees FY Operating Ebita Low End of EU950M to EU1.05B
- CWAN US : Clearwater Analytics Is Said to Mull Sale After Getting Interest
- CMCOM NA : CM.com Raises €5M From Dutch Entrepreneur in Private Placement
- COGT US : Cogent Biosciences Is Said to Tighten Convertible Bond Terms
- COIN US : Coinbase Says $2 Billion Deal for BVNK Won’t Move Forward
- CRWV US : CrowdStrike’s Kurtz in Talks for Wolff’s Mercedes F1 Stake: FT
- DOV IM : doValue 9M Gross Rev. EU404.4M Vs. EU313.8M Y/y
- DOV IM : doValue 9M Gross Rev. EU404.4M Vs. EU313.8M Y/y
- EDEN FP : Le Brésil porte un sérieux coup à Pluxee et Edenred
- LLY US : Lilly Drops CVS Drug Plan for Workers After Novo Obesity Deal
- ZIL2 GY : ElringKlinger 3Q Sales EU395.5M Vs. EU440.8M Y/y
- EOAN GY : E.On 9M Adjusted Ebitda EU7.38B Vs. EU6.69B Y/y
- EVT GY : Evotec Gets $5m Milestone Payment From Bristol Myers Squibb
- FLS DC : FLSmidth 3Q Sales Miss Estimates, FLSmidth's Lowered FY Revenue Forecast Misses Estimates
- 2317 TT (Foxconn): Hon Hai 3Q Net Income Beats Estimates
- GM US : GM Asks Parts Makers to Pull Supply Chains From China: Reuters
- GLEN LN : Century Aluminum Stock Tumbles as Glencore Reduces Shareholding
- Golden Goose : Permira May Sell Golden Goose to HongShan for €2.5B: Corriere
- IFX GY : Infineon Sees 1Q Revenue About EU3.6B, Est. EU3.75B
- INH GY : Indus Holding 3Q Adjusted Ebita EU48.1M Vs. EU43.7M Y/y
- IONS US : Ionis Is Said to Offer Up to 0.5% Coupon on Convertible Bond
- JEN GY : Jenoptik 3Q Ebitda Beats Estimates
- JUN3 GY : Jungheinrich 3Q Ebit Loss EU50.2M, Est. Loss EU31.8M
- KWS GY : KWS Saat 1Q Ebit Loss EU20.9M Vs. Loss EU37.4M Y/y
- LEG GY ; LEG Immobilien Maintains FY Adjusted Ebitda Margin Forecast
- LSG NO : Leroy 3Q Operational Ebit Misses Estimates
- LCID US : Lucid Is Said to Offer Up to 7% Coupon on Convertible Bond
- MC FP : LVMH Watches Unit Buys Stake in Swiss Maker La Joux-Perret
- NIO US : -6.65%
- NDX1 GY : Nordex Gets Orders From DenkerWulf for 123 MW in Germany
- OKLO US : Oklo 3Q Loss per Share 20C, Est. Loss/Shr 14C
- 9992 HK : -3.5% on Bernstein Report that Company should miss Q4 target
- 1913 HK +3.14%, retail holding in asia after retail data
- PUBLI NO : Public Property Invest Offers Up to 153.6m Shares at NOK23/Share, Public Property Invest Offering of 153.6m Shares Prices
- REC IM : Recordati 9M Revenue EU1.96B
- RIVN US : Rivian Hits Highest in 15 Months After Granting CEO Pay Package
- RWE GY : RWE 9M Adjusted Ebitda EU3.48B Vs. EU3.98B Y/y, RWE Sees Energy Trading Recovery From Geopolitical Setbacks
- SDZ SW ; Sandoz, EirGenix Sign License Pact to Commercialize Pertuzumab
- SBBB SS : Landlord SBB Sells Care Home Assets to PPI for $3.4 Billion
- SBBB SS : Landlord SBB Sells Care Home Assets to PPI for $3.4 Billion
- 9984 JP : SoftBank’s Shares Dive After Nvidia Sale Spooks AI-Wary Market
- SOLARB DC : Solar Offers Up to 646,000 Class B Shares
- STG DC : Scandinavian Tobacco Narrows FY Adjusted Ebitda Margin Forecast
- SLHN SW : Swiss Life 9M Premium Revenue CHF16.27B
- TTAM US : *TITAN AMERICA SA SHARES EXTEND DROP, DOWN 5.8%
- TITS BB : Watch after Move of TITAN US
- 6201 JP : Elliott Brings Heft to Effort for Higher Toyota Industries Price
- VOE AV : Voestalpine 2Q Ebitda Beats Estimates
- XPEV US : MS Lifts Xpeng’s Targets on Synergy Across EV and Robotaxi Biz
- YPSN SW : Ypsomed 1H Ebit Beats Estimates