Shares in Asia gave up early gains while falling US futures partly unwound a Friday rally, ahead of crucial inflation data and a meeting between Joe Biden and Xi Jinping later this week. Equity benchmarks in Japan, South Korea and China traded within narrow ranges. A region-wide stock gauge was flat after trading 0.5% higher earlier in the session. Futures for the Euro Stoxx 50 were little changed and those for the S&P 500 index fell 0.4%, partly retracing a 1.6% gain Friday. Markets are closed in Singapore and Malaysia for a holiday. The yen fell to a fresh 2023 low against the dollar, raising concerns that authorities will intervene to support the currency. Oil extended three weeks of declines on concerns about demand. Treasuries were steady after a Friday sell-off weighed on the short end of the curve. The 10-year yield held just below 4.7%. Australian and New Zealand government bonds edged lower. All eyes are on the upcoming US consumer price data due Tuesday, which is expected to show inflation easing to a year-on-year rate of 3.3% in October, down from 3.7% in the prior month. Meanwhile, more signs of thawing US-China ties are emerging ahead of Wednesday’s summit between Biden and Xi, with Beijing said to be weighing ending a freeze on Boeing Co.’s aircraft. In Japan, producer prices declined in October from the prior month while India will release its latest inflation report Monday. Elsewhere, China’s consumption rebound slowed and private business confidence lost momentum in October, according to independent surveys and alternative data that suggested the economic recovery remains bumpy. ANZ Group Holdings Ltd. shares fell after the bank’s chief executive officer warned of a challenging economic environment ahead in its latest earnings results. Profits for the group were buoyed by higher interest rates. Other companies set to report include Apple supplier Hon Hai Precision Industry, also known as Foxconn, Chinese tech giants JD.com Inc and Tencent Holdings Ltd., Japanese financial heavyweights Mitsubishi UFJ Financial Group and Mizuho Financial Group, Walmart Inc. and Siemens. JD.com and Alibaba Group Holding reported a pickup in sales for Singles’ Day, following steep discounts offered by the e-commerce groups. Gold was steady while Bitcoin hovered near $37,000 — around the highest price in 18 months.
Nikkei +0.05% Hang Seng +0.29% CSI -0.39% Shanghai +0.05% Shenzen +0.31%
Eur$ 1.0686 CNH 7.3096 CNY 7.2976 JPY 151.79 GBP 1.2235 CHF 0.9020 RUB 92.3349 TRY 28.5866 WTI$ 76.52 -0.84% Gold 1;940 BTC 36,940 -0.65% ETH 2,040 -1%
S&P -0.36% Nasdaq -0.38% EuroStoxx +0.31% FTSE +0.23% Dax +0.24% SMI +0.24%
Macro :
- Talanx, Porsche, ACS, Banca Generali: Earnings Day Ahead
- UK Plans to Introduce Carbon Border Tax in 2026: FT
- Google in Talks to Invest in AI Startup Character.AI: Reuters
- Google in Talks to Invest in AI Startup Character.AI: Reuters
- Global Funds Look Beyond Short-Sale Ban to Snap Up Korean Stocks
- Saudi Arabia Says It Plans $25 Billion in African Investments
- Goldman’s Kostin Says Earnings Forecasts Are Worrying Investors
- Morgan Stanley Sees Bullish Opportunities for US Assets in 2024
- Goldman’s Solomon Says Likelihood of US Recession Declines
- JPMorgan’s Matejka Prefers Defensives as Bond Yields Turn Lower
Keep an eye on :
Keep an eye on :
- AIR FP : Riyadh Air Set For 100 Boeing Max Order in Dubai to Extend Fleet
- AIR FP : Boeing Closes in on Major Order With Emirates For 777X Widebody
- AF FP : KLM Reaches Labor Deal With Pilots, Cabin Crew
- ALFEN NA : Alfen 3Q Adj. Ebitda €17.3M; CFO to Step Down (Nov. 12)
- ALPHA GA : *GREECE TO SELL 9% ALPHA BANK STAKE TO UNICREDIT FOR €1.39/SHR
- AZN L N : AstraZeneca Eyes Market for Cheap Ozempic-Like Drug in Pill Form
- BA/ LN : BAE Says Performance is in Line With Guidance
- BARC LN : Barclays Says Outside Third Party Erred With ETN Tender Offer
- GBF GY : Bilfinger 3Q Sales EU1.12B Vs. EU1.08B Y/y
- BPE IM : BPER’s Top Shareholer Rules Out Bank’s Interest in Monte Paschi
- BMPS IM : ITA Airways in Talks on €300M Loan to Expand Fleet: Messaggero
- CXGD PL : Caixa Geral 9M Net Income EU987M Vs. EU692M Y/y
- CXGD PL : Caixa Geral 9M Net Income EU987M Vs. EU692M Y/y
- CARLB DC : Carlsberg Group chief's anti-Russian accusations groundless - Russian Foreign Ministry
- CLNX SM : Cellnex Will Return Cash to Shareholders Amid Asset Sales
- GET FP : Sir Richard Branson plots Eurostar challenger
- ENO SM : STATKRAFT, THREE GORGES VIE FOR ELECNOR'S ENERFIN: EXPANSION
- FXPO LN : Top French Court Refuses to Extradite Ukrainian Tycoon Zhevago
- HEI GY : Combined Summit, Argos USA Becomes Too Big as Acquisition Target
- HILBB SS : Hilbert Group Offers SEK20 million Class B Shares Biome Technologies Says Performance is in Line With Expectations
- HUDL NO : Huddlestock Fintech Offers Shares at NOK1.20/Share
- HYQ GY : Hypoport 9M Ebit Loss EU2.9M
- JST GY : JOST Werke SE 3Q Adjusted Ebit Beats Estimates
- LHA GY : ITA Airways in Talks on €300M Loan to Expand Fleet: Messaggero
- MSFT US : OpenAI Chief Altman Seeks New Funds From Microsoft: FT
- AERO SW : Montana Aerospace Signs EU450m in New Syndicated Term Loans
- NWG LN : Sky News: Farage to seek millions in damages from NatWest and former CEO Rose
- NOVOB DC : Novo Trial Shows Wegovy’s Heart Benefit in Patients With Obesity
- NOVOB DC : Novo Nordisk's SELECT Data Supports Wegovy Label Claim, Safety
- ORP FP : Orpea Starts Capital Raise With Preferential Rights for ~€3.9B, Orpea to Propose New Board of Directors
- PNDORA DC : Danish jewellery chain Pandora confident of bucking luxury slowdown
- REN PL : REN 9M Net Income EU96.2M Vs. EU81.4M Y/y
- SHA GY : TE Connectivity Gets Clearance for Schaffner Offer, Holds 89%
- SHEL LN : Shell, BP Call On US-EU Task Force to Intervene in LNG Dispute
- SIE GY : Siemens Energy Can’t Shake Wind Woes
- GLE FP : SocGen Said to Weigh Sale of German Unit in Bid to Boost Returns
- SOLB BB : Solvay Targets Avg Mid-Single Digit Ebitda Growth to 2028
- SOLB BB : Solvay Syensqo Targets >€7B Cash Delivery Between 2024-2028
- VIR US : Vir Biotech Has Promising Signal in Hepatitis D, Leerink Says
- SDZ SW : Sandoz Boosts European Capacity to Help Secure Medicine Supplies
- TLX GY : Talanx 3Q Ebit EU802M
- TSLA US : Man vs. Musk: A Whistleblower Creates Headaches for Tesla
- TTE FP : TotalEnergies Is Said to Near Deal to Buy Texas Gas Power Plants
- UCG IM : *GREECE TO SELL 9% ALPHA BANK STAKE TO UNICREDIT FOR €1.39/SHR
- VLN FP : Valneva Says Chikungunya Vaccine Trial Met Primary Endpoint
- DG FP : Hungary Teams With Vinci on Plan to Purchase Budapest Airport
- VOD LN : Vodafone Weighs Options for Italian Unit, Il Sole Reports
- MF FP : Wendel seeks further private equity deals after IK partners investment