A benchmark of global stocks headed for a weekly gain amid easing inflationary pressure in the US and expectations for smaller interest rate hikes. Shares were mostly higher in Asia despite choppy trading, putting a gauge of the region’s equities on course for the highest level since June. Hong Kong-listed tech companies swung between gains and losses as investors digested a report that China plans to take “golden shares” in the local units of Alibaba and Tencent, a move that may give the government more control of the strategic sector.
Japan’s Topix fell as the outlook for exporters dimmed with the yen’s recent surge. Sentiment was also damped by a slump in Fast Retailing’s shares after its profit missed estimates. The nation’s 10-year bond yield rose above the Bank of Japan’s 0.5% ceiling amid speculation the BOJ will review the side effects of its ultra-loose monetary policy. The yen was little changed after its 2.5% rally Thursday. Some US officials have signaled openness to making a 25 basis-point rate increase right at their next meeting, while also stressing the Fed still has more work to do to tame prices — and not anticipating any rate cuts this year. oil headed for a weekly gain and gold was set for a fourth weekly advance after breaching the $1,900-an-ounce mark in the wake of the release of the US inflation data. US After Hours HBI +8.7% higher on guidance; LC +4.4% on guidance and plan to streamline ops; SPCE +16.3% as it updates leadership structure and commercial spaceline ops are on track
Nikkei -1,25% Hang Seng +0,72% CSI +1,18% Shanghai +0,87% Shenzen +0,73%
Eur$ 1,0849 CNH 6,7386 CNY 6,7294 JPY 128,57 GBP 1,2206 CHF 0,9297 RUB 67,9250 TRY 18,7816 WTI$ 78,14 -0,30% Gold 1,897 BTC 18,857 ETH 1411
S&P -0,15% Nasdaq -0,22% EuroStoxx -0,02% FTSE +0,01% Dax +0,03% SMI +0,01%
Macro :
- Gold Giant JPMorgan Looks to Start Clearing Trades in Zurich
- Gemini, Genesis Sued by SEC for Rules Breach With ‘Earn’ Program
- China’s $7 Trillion ‘Hidden Debt’ Is Back in Focus: China Today
Keep an eye on :
Keep an eye on :
- BOSH : Bosch Deepens Bet on China With $1 Billion Factory for EV Parts
- BP/ LN : BP Picks Oliver Stanford as New Head of US Crude Oil Trading
- CAV1V FH : Caverion Says Triton’s Crayfish Now Holds 9.8% of Shares
- CLNX SM : Cellnex Faces Hiring Dilemma as CEO Who Piloted Growth Departs
- HLE GY : Mahle Preparing Sale of Air Conditioning JV: WirtschaftsWoche
- IFCN SW : Inficon Prelim FY Sales About $581M, Est. $574.6M
- JMT PL : J. Martins FY Sales Beats Estimates
- KDEV SS : Karolinska Development Gets FDA Orphan Status for Golexanolone
- MRNA US : Moderna Covid Shot Price Hike Plan Hard to Justify: Jean-Pierre
- OVH FP : OVH 1Q Revenue EU216M Vs. EU187.2M Y/y
- PGHN SW : Partners Group Assets Under Management $135B Vs. $127B Y/y
- PGHN SW : Partners Group Assets Under Management $135B Vs. $127B Y/y
- ROG SW : *TAMIFLU RELEASED FROM US STOCKPILE AMID MEDICINE SHORTAGES
- SAN FP : *PHARMACY BENEFIT MANAGERS ALSO SUED BY CALIFORNIA OVER INSULIN
- TOBII SS : Tobii Prelim 4Q Operating Profit Beats Estimates
- UTDI GY : Ionos, Euro Group Set to Reopen Europe’s Moribund IPO Market
- VOD LN : Vodafone Plans Hundreds of Job Cuts, Mostly in London: FT
- WG/ LN : Sparta Says Wood Group Guidance Shows ‘Underlying Strength’