Asian equities rose as US-Russia talks spurred expectations for an end to the war in Ukraine. Risk sentiment was also stoked by the improving prospects for Chinese markets. A gauge of equities in Asia climbed for a second day, led by shares in Japan and Hong Kong. European stock index futures gained about 1% and S&P 500 contracts also advanced. Global markets looked past the higher-than-expected US inflation figures — which eroded bets on rate cuts — with traders focusing on US President Donald Trump’s Ukraine peace talks with Russia. The euro rose versus most of its Group-of-10 peers, strengthening 0.5% against the dollar. The upswing in risk appetite came after the Asian regional stock gauge underperformed its global peers so far this year as Trump’s tariff threats, a stronger dollar and China’s lack of domestic policy stimulus weighed on the market. Chinese equities though have been lifted in recent weeks by an artificial intelligence breakthrough. The dollar weakened against all G-10 currencies as prospects for an end to the war in Ukraine damped demand for haven assets. The Scandinavian and European currencies led the rally against the greenback. Oil extended declines after the US-Russia talks, raising speculation that risks to Russian supply may ease. Shares of aluminum producer United Co Rusal International PJSC jumped as much as 29% in Hong Kong, the biggest gain in almost three years. Asian shipping stocks fell on concern freight rates may drop. Market sentiment got a boost from “the potential resolution of the Russia-Ukraine conflict, and the ongoing momentum in China’s tech sector,” said Charu Chanana, chief investment strategist for Saxo Markets Pte in Singapore. Yields on 10-year US Treasuries edged down after jumping on Wednesday. Trump agreed in a phone call with Russian President Vladimir Putin to start negotiating an end to the war in Ukraine, sweeping aside three years of US policy and blindsiding European allies who feared the more conciliatory American stance amounted to a giveaway to the Russian leader. Traders’ rush to buy Chinese technology stocks for their artificial intelligence potential has put the Hang Seng Tech Index on course for its highest close since the nation’s Covid-era reopening rally. The frenzy over Chinese artificial intelligence is turning Alibaba Group Holding Ltd. into an investor favorite again with its Hong Kong-listed shares surging 46% since hitting a 2025 low on Jan. 13. On Wednesday, Treasuries fell across the curve as investors adjusted expectations for Fed cuts following the inflation reading. The moves were mainly centered upon the higher-than-expected rise in US prices, which led traders to adjust bets on US rate cuts to now project the first and only reduction this year to come in December. Gold held a rally from its previous session, inching back toward its record high achieved earlier this week. US After Hours CSCO +6.8%, APP +27.7%, BROS +24.2%, HOOD +16%, MGM +10.8% higher on earnings; ASPN -35%, TTD -27.3%, FSLY -20.7%, RDDT -16.2% lower on earnings
Nikkei +1.28% Hang Seng +1.89% CSI -0.14% Shanghai -0.20% Shenzen -0.50%
Eur$ 1.0426 CNH 7.2921 CNY 7.2911 JPY 154.04 GBP 1.2490 CHF 0.9112 RUB 93.0081 +1.07% TRY 36.1115 WTI$ 70.70 -0.94% Gold 2,916 +0.41% BTC 96,000 -1.70% ETH 6,685 +0.07%
S&P +0.21% Nasdaq +0.43% EuroStoxx +0.98% FTSE +0.15% Dax +1.07% SMI
Macro :
- Secretive Hedge Fund QRT Storms $4.5 Trillion Industry’s Elite
- Qatar Wealth Fund Backs London-Based Venture Capital Firm Utopia
Keep an eye on :
Keep an eye on :
- ADYEN NA : Adyen 2H Net Revenue Beats Estimates (2)
- ALFEN NA : Alfen 2025 Revenue Forecast Misses Estimates
- ARCAD NA : Arcadis 4Q Net Revenue EU959M Vs. EU941M Y/y
- ARGEO NO : Argeo Offers Up to NOK96 million Shares
- BAMNB NA : BAM Sees 2025 Adjusted Ebitda Margin About 5%
- BAS GY : BASF Said to Ask Banks to Pitch for Agri Chemicals Unit Listing
- BDT GY : Bertrandt 1Q Ebit Loss EU2.14B Vs. Profit EU13.5M Y/y
- BCVN SW : BC Vaudoise FY Net Income CHF441M
- BELL SW : Bell FY Ebitda Meets Estimates
- BNP FP : BNP Paribas, BPCE to Create Payment Processing JV: Les Echos
- BA US : Trump Says ‘Not Happy’ With Boeing Plane ‘Service We’re Getting’
- CE US : Celanese Cut to Junk by Moody’s on Slow Global Demand Recovery
- CRI FP : Chargeurs FY Ebitda Beats Estimates
- CBG LN : Close Brothers Sees £165 Million Provision for Car-Loan Saga (2)
- CBK GY ; Commerzbank Sees 2025 Net Profit of €2.4B After Restructuring (1)
- ACA FP : Credit Agricole Italia Board Proposes Hugues Brasseur as CEO
- ACA FP : Credit Agricole Italia Board Proposes Hugues Brasseur as CEO
- DEME BB : DEME Doesn’t Know Why Argentina River Dredging Auction Failed
- DSFIR NA : DSM-Firmenich 4Q Adjusted Ebitda Beats Estimates
- FGR FP : Eiffage Consortium Wins Bordeaux University Hospital Contract
- EMBRACB SS : Embracer 3Q Net Sales SEK7.36B
- EL FP : EssilorLuxottica Sales Beat Estimates on Ray-Ban Meta, Supreme
- Ferrari Group IPO : Ferrari Group IPO Priced at €8.60/Share, Terms Show
- FLOW NA : Flow Traders 4Q Net Trading Income Beats Estimates
- FRA GY : Fraport Jan. Frankfurt Airport Passengers -3.1%
- GMAB DC : Genmab Sees 2025 Revenue of $3.34b to $3.66b (1)
- HFG GY : Hellofresh Top Shareholder Wants Up to €560m in Cost Cuts: WiWo
- HTG GY : HomeToGo Offers 53.1m Shares at EU1.60/Share: Terms
- HUBS US : HubSpot 1Q Adjusted EPS Forecast Misses Estimates
- IPN FP : Ipsen FY Core Operating Profit Beats Estimates
- KBC BB : KBC Sees 2025 Net Interest Income at Least EU5.7B, Est. EU5.62B
- LI FP : Klepierre Sees 2025 Group NCCF/Shr EU2.60 to EU2.65
- LR FP : Legrand FY Adjusted Operating Profit Beats Estimates
- MANTA FH : Mandatum 4Q Pretax Profit Beats Estimates
- MEKO SS : Meko 4Q Ebit SEK127M Vs. SEK68M Y/y
- MERY FP : Mercialys FY Recurring Net Income Meets Estimates
- ML FP : Michelin FY Total Segment Operating Income Beats Estimates, Michelin Sees Tough Tire Market Persisting on Muted Auto Demand
- Novo banco : Novo Banco to Start Procedure for Initial Public Offering
- ORA FP : Orange’s Sales Meet Analysts’ Estimates on Growth in Africa
- PCELL SS : PowerCell 4Q Sales SEK144.1M Vs. SEK127.5M Y/y
- QTCOM FH : QT Group Sees 2025 Net Sales +15% to +25%
- RAIVV FH : Raisio 4Q Adjusted EPS Matches Estimates
- RNO FP : Honda, Nissan Officially Call Off Talks to Combine (1)
- ROG SW : Roche’s Genentech’s Evrysdi Tablet for SMA Gets FDA Approval
- NAS NO : Norwegian Air 4Q Ebit Loss NOK93.2M, Est. Profit NOK171.5M
- NESN SW : Nestle Sees 2025 Underlying Trading Oper Margin at Least 16% (1)
- NOKIA FH: Taiwan FTC Approves Nokia’s Acquisition of Infinera
- SAVE SS : Nordnet Says 1,500 Customers Hit by Security Breach, DI Reports
- ORK NO :
- RXL FP : Rexel Sees 2025 Adjusted Ebita Margin About 6%
- SAN FP : Sanofi Ends E. Coli Vaccine Study, Records $250M Hit in 4Q24
- SINCH SS : Sinch Records SEK700m One-Time Provision After Tax Revision
- SCMN Sw : Swisscom FY Net Revenue Meets Estimates, Swisscom Sees 2025 Net Revenue About CHF15.0B to CHF15.2B
- STR AV : Strabag Sees 2025 Ebit Margin at Least 4.5%, Output at €21b (1)
- SIE GY : Siemens 1Q Industrial Business Profit Beats Estimates
- STORB SS : Storskogen 4Q Sales Miss Estimates
- TTK GY : Takkt Proposes €0.60/Shr Div., Reached Upper End of FY24 Goals
- TIT IM : Telecom Italia 4Q Organic Revenue Meets Estimates
- TFI FP : TF1 FY Current Operating Income Beats Estimates
- TKA GY : Thyssenkrupp 1Q Adjusted Ebit Beats Estimates, Thyssenkrupp Raises Guidance After Major Naval Order Payment
- UCG IM : *DELFIN CHAIR TO SOLE: NO DECISION ON UNICREDIT STAKE
- X US : Nippon Steel Meeting With Trump Seen Next Week or Later: Asahi
- URW FP : Unibail 2025 Adjusted Recurring EPS Forecast Misses Estimates
- VEI NO : Veidekke 4Q Revenue Meets Estimates
- VIMIAN SS : Vimian 4Q Revenue Beats Estimates
- VOW GY : VW, Audi Consider Extending Combustion Engine Models to 2035: HB
- WIE AV : Wienerberger Says Will Buy Back 1%-2% of Share Capital Annually