Shares in Asia advanced before a report that’s expected to show a slowing in US inflation, which will help shape the outlook for the Federal Reserve’s next steps. A move by China’s sovereign wealth fund to buy shares of the country’s largest banks fueled further optimism. MSCI’s Asian equity index was on course for a sixth day of gains as stock benchmarks climbed around 1% in Japan and South Korea. The Hang Seng Index jumped as much as 2.2% after China’s state-owned Central Huijin Investment Ltd. increased its stake in the nation’s biggest banks for the first time since 2015. Oil fell for a third day, erasing all of the surge on Monday that followed Hamas’ attack on Israel. Traders’ focus is now turning to Thursday’s US consumer price data, which economists are forecasting will show a further easing in inflation. Fed minutes published Wednesday showed officials agreed last month policy should remain restrictive for some time, while noting the risks of overtightening now had to be balanced against keeping inflation on a downward path. US CPI is forecast to have slowed to an annual rate of 3.6% in September from 3.7% the previous month, according to a Bloomberg survey. Data published Wednesday showed prices paid to producers rose by more than forecast in September, bolstered by higher energy costs. Futures for US stocks extended their climbs after the S&P 500 rose for a fourth day Wednesday, its longest winning streak since August on the back of the Fed officials’ comments. Fed officials are taking a more patient approach now that rates are at or near their peak, Boston Fed President Susan Collins said Wednesday. Her Atlanta counterpart Raphael Bostic said the central bank doesn’t need to keep tightening unless inflation’s descent starts to stall. The dollar edged lower against most of its Group-of-10 peers, while the yen held near 149 to the greenback. Treasury 10-year yields were little changed at 4.57% after dropping to a two-week low of 4.54% Wednesday. West Texas Intermediate steadied at around $83 a barrel after slumping Wednesday following a New York Times report that Iran may have been surprised by the assault. Gold was little changed. Adani Ports & Special Economic Zone — part of Indian billionaire Gautam Adani’s conglomerate slammed by a US shortseller earlier this year — is ending its offer to buy back its 2024 dollar bonds after receiving more bids than it targeted. The company received notes with a principal amount of $213 million as of its Oct. 11 initial deadline, according to a statement. US After Hours Quiet session; VSCO +2.2% up on raised Q3 guidance; MSFT -0.6% ticking lower on $28.9 bln back-tax bill from IRS.
Nikkei +1.71% Hang Seng +2.05% CSI +0.81% Shanghai +0.80% Shenzen +0.56%
Eur$ 1.0632 CNH 7.2984 CNY 7.2996 JPY 149.12 GBP 1.2319 CHF 0.9004 RUB 98.3039 TRY 27.7446 WTI$ 83.17 -0.38% Gold 1,879 +0.26% BTC 26,790 +0.27% ETH 1,559 -0.27%
S&P +0.28% Nasdaq +0.27% EuroStoxx +0.35% FTSE +0.39% Dax +0.37% SMI +0.32%
Macro :
- EU’s Breton Warns Musk, Zuckerberg of Disinfo on Israel War
- Hollywood Studios, Striking Actors Walk Away From Talks
- China State Fund Buys Bank Shares, Fueling Rescue Hopes
- Ruble Surges as Russia Reimposes Some Exporter Capital Controls
- Israeli-War Gas Curbs Won't Affect EU Yet, But Supply Risk Looms
- U.S. Investor Bull-Bear Spread 3.5: AAII
Keep an eye on :
Keep an eye on :
- ABN NA : ABN Amro, AXA Seek to Sell Life Insurer Neuflize Vie: Echos
- AGR AV : Agrana 2Q Ebit EU110.9M
- ALM SM : Almirall Reaches License Agreement with EpimAb Biotherapeutics
- MT NA : JSW Steel, ArcelorMittal Weigh Buying Some Vedanta Assets: BS
- ATRLJB SS : Atrium Ljungberg 3Q Rental Income Meets Estimates
- BIRK US : Birkenstock Billionaire Brothers Bank $3.5 Billion on Buyout Bet
- BIRK US : Birkenstock Falls Almost 13% as US Trading Debut Flops
- BOSN SW : Bossard FY Sales Forecast Misses Estimates
- IAG LN : British Airways Suspends Flights to Tel Aviv: Spokesperson
- CO FP ; Casino Extends Accession Date for Lock-Up Deal to Oct. 13
- DPH LN : Dechra Pharma FY Adjusted Pretax Profit Misses Estimates
- DEME BB : DEME Gets ‘Substantial’ Cable Contract for Polish Windfarm
- ENO SM : Celeo Approves Issuance of BRL350m in Local Notes
- ERICB SS : Ericsson Notes Nearly $3 Billion Impairment Charge on Vonage
- FAGR BB : Fagron 3Q Revenue EU191.4M Vs. EU173.0M Y/y
- FAST NA : Fastned 3Q Revenue Related to Charging EU15.2M
- GIGA NO : Gigante Salmon Offering of 27.8m Shares Prices
- GIVN SW : Givaudan 3Q Sales Meets Estimates
- HNSA SS : Hansa Biopharma Prelim 3Q Net Revenue Misses Estimates
- LSEG LN : Firms Can Grab Spotlight in London’s IPO Drought, LSEG Boss Says
- MC FP : Birkenstock Falls Almost 13% as US Trading Debut Flops
- MB IM : ISS Supports Mediobanca’s Slate for Board
- BWNG LN : N Brown 1H Adjusted Ebitda GBP17.5M
- NFLX US : Hollywood Studios, Striking Actors Walk Away From Talks
- NDX1 GY : Nordex Group 3Q Order Intake Over 2.2 Gigawatts
- ORP FP : Orpea 1H Ebitda EU321M Vs. EU415M Y/y
- OUT1V FH : Tesla Cybertruck to Use Outokumpu Steel for Blade Runner Finish
- PUB FP : Publicis Sees FY Organic Revenue +5.5% to +6%, Saw About +5%
- RYA ID : Ryanair Plans to Double Morocco Flights, Nation’s PM Says
- SESL FP : SES-Imagotag Expands Deal With LFL Group, Adds 130 Stores
- SESL FP : SES-Imagotag Expands Deal With LFL Group, Adds 130 Stores
- SZU GY : Suedzucker Boosts FY Operating Profit Forecast, Beats Estimates
- X UD : US Steel Shares Reverse Losses to Advance on Deal Speculation
- VAR NO : Var Energi Prelim 3Q Avg Production 209,700 BOE/D
- VACN SW : VAT 9M Net Sales CHF663.5M