Most Asian stocks rose, following a rally in US equities, on optimism the US-China trade truce marks the end to an all-out tariff war. Japanese shares led gains in the region, with the Topix rising for a 13th straight day, while benchmark indexes also advanced in Australia and Taiwan. The Hang Seng Index slipped with US stock futures after both had jumped on Monday. Treasuries edged higher in Asia, while the dollar fell. The broad return of risk appetite comes after trade negotiators from the world’s two biggest economies announced Monday a de-escalation in tariffs. In a carefully coordinated joint statement, the US slashed duties on Chinese products to 30% from 145% for a 90-day period, while Beijing dropped its levy on most goods to 10%. Optimism over the US-China talks saw the S&P 500 Index close 3.3% higher Monday, above where it was when President Donald Trump announced sweeping tariffs on April 2. A surge in big tech shares put the Nasdaq 100 back into a bull market just about a month after it plunged 20% from a previous record high. Still, the reverberations of Trump’s trade war are likely to keep affecting global markets for months. In Japan, Prime Minister Shigeru Ishiba said Monday his government won’t accept any initial trade agreement with the US that excludes an accord on autos. In China, the sense of relief has started to fizzle as some investors saw the agreement reducing the prospect that Beijing will ramp up economic stimulus. Others start to recalculate the economic impact of the tariffs to come. The Hang Seng China Enterprises Index dropped as much as 1.9% after surging 3% in Monday. The CSI 300 Index was little changed in its first reaction to the trade truce. The dollar weakened against most of its major peers in Asian trade, retracing some of the gains it made on Monday following the US-China truce. The Bloomberg Dollar Spot Index slipped 0.1%. Treasuries also reversed some of Monday’s move. The policy-sensitive US two-year yield fell three basis points after surging 12 basis points in New York amid speculation the tariff truce would bolster the economy. Swaps that track upcoming Fed meetings showed just 56 basis points of easing is now priced in by December, down from nearly 75 basis points last week. Traders still see the first quarter-point cut in September.
Japanese government bond futures fell as demand for haven assets waned. Japan’s auction of 30-year government bonds saw a small improvement in demand as higher yields attracted some investors amid optimism over the US-China trade talks. Gold was little changed after a selloff Monday as the de-escalation in US-China trade tensions hurt demand for havens. Oil paused after a three-day gain as attention moved away from the trade war and to the Middle East. US After Hours COIN +8.8% to join S&P 500; LSEA +58.4% to be acquired; ODD -7.2% on share sale.
Nikkei +1.80% Hang Seng -1.39% CSI +0.26% Shanghai +0.26% Shenzen +0.12%
Eur$ 1.1110 CNH 7.1848 CNY 7.1902 JPY 147.88 GBP 1.3193 CHF 0.8434 RUB 81.0000 TRY 38.8027 WTI$ 61.81 -0.24% Gold BTC 102,352 -0.31% ETH 2,441 -1.80%
S&P -0.35% Nasdaq -0.44% EuroStoxx -0.02% FTSE -0.21% Dax +0.11% SMI +0.34%
Macro :
- AI Startup Perplexity's Valuation Surges to $14 Billion in Fresh Funding Round -- WSJ
- Goldman Raises S&P 500 Targets on Lower Tariff, Recession Risks
- China Is Willing to Continue Trade Talks With US: People’s Daily
- TPG's $13 Billion Buyout Fund Target Reflects Tough Market -- WSJ
- *GOLDMAN NOW SEES NEXT FED RATE CUT IN DECEMBER INSTEAD OF JULY
Keep an eye on :
Keep an eye on :
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- ALFEN NA : Alfen Cuts FY Revenue Forecast, Misses Estimates
- AMZN US : Amazon strikes a new partnership with FedEx after UPS pullback
- ASTS US : AST SpaceMobile 1Q Loss per Share 20C
- AAG GY : Aumann 1Q Ebitda EU6.6M Vs. EU6.75M Y/y
- AYV FP : Ayvens Holder Lincoln Financing Offers About 50m Shares: Terms
- BSGR NA : B&S Group 1Q Revenue EU557.8M Vs. EU529.7M Y/y
- BAYN GY : Bayer 1Q Adjusted Ebitda Beats Estimates, *BAYER 1Q ADJ. EBITDA EU4.09B, EST. EU3.88B
- BA US : US Approves Possible $1.3b Chinook Helicopter Sale to UAE
- BYIT LN : Bytes Technology FY Revenue Meets Estimates
- AFX GY : Carl Zeiss Meditec 1H Ebita EU113.6M
- CWC GY : Cewe Stiftung 1Q Adjusted Ebit EU6.7M
- COIN US : Coinbase Shares Jump on S&P 500 Index Inclusion
- DCC LN : DCC FY Adjusted Operating Profit Misses Estimates
- DUE GY : Duerr 1Q Adjusted Ebit Beats Estimates
- SATS US : EchoStar Shares Drop After WSJ Report of FCC Investigation
- EUZ GY : Eckert & Ziegler 1Q Revenue EU68.2M Vs. EU67.6M Y/y
- FRA GY : Fraport 1Q Ebitda Misses Estimates
- GLPG NA : Galapagos to Re-Evaluate Separation Plans
- GRF SM : Grifols 1Q Adjusted Ebitda Beats Estimates, Grifols Reassuringly Maintains Full-Year Guidance: Street Wrap
- HNR1 GY : Hannover Re 1Q Net Income EU480M Vs. EU558M Y/y
- HTZ US : Hertz 1Q Adjusted Corporate Ebitda Loss $325M, Est. Loss $275.8M, Hertz Posts Worse-Than-Expected Loss With Fewer Cars
- JEN GY : Jenoptik 1Q Revenue Misses Estimates
- SDF GY : K+S 1Q Revenue Meets Estimates
- KWS GY : KWS Saat 9M EPS EU6.15 Vs. EU6.93 Y/y
- LEG GY : LEG Immobilien 1Q FFO I EU114.3M Vs. EU98.8M Y/y
- LSEG LN : London Bourse Poised for Biggest IPO Since 2023: ECM Watch
- MBG GY : Mercedes Will Shift Production of GLC SUV to Its Alabama Factory
- MBG GY : Mercedes Will Shift Production of GLC SUV to Its Alabama Factory
- MSTR US : Strategy’s Bitcoin Buying Pattern Coincides With Price Increase
- MUV2 GY : Munich Re 1Q Profit Beats Estimates
- NG/ LN : UK’s National Grid Apologizes to Londoners for Power Outage
- NLFSK DC : Nilfisk 1Q Revenue Meets Estimates; Outlook Maintained
- PGHN SW : Partners Group to Buy Data Center Platform Digital Halo
- PEUG FP : Peugeot Invest Invests $125M in Broadstreet Partners
- BPSO IM : Popolare Sondrio Previously Began Remediation in ECB Response
- PSPN SW : PSP Swiss 1Q Net Income CHF60.6M Vs. CHF81.0M Y/y
- RAIVV FH : Raisio 1Q Adjusted EPS Matches Estimates
- SAB SM : Sabadell Said to Have Approached Unicaja Investors Over Deal
- SBBB SS : SBB 1Q Rental Income Meets Estimates
- TSLA US : U.S. Auto Safety Investigator Asks for Additional Info Regarding Tesla's Plan to Launch Robotaxis
- TWEKA NA : TKH 1Q Organic Revenue +2.2%
- UNI SM : Sabadell Said to Have Approached Unicaja Investors Over Deal
- VASTB BB : Vastned 1Q Net Rental Income Eu16.8M VS. Eu18m Y/Y
- VNA GY : Vonovia Announces €1.3 Billion Convertible Bond Offering
- WLN FP : Worldline Looks to Sell India Payments Business: Mint