Stocks swung to a gain as dip buyers stepped in following early weakness in chipmakers, betting a record-breaking rally has more room to run. Government bonds from Australia to Japan followed Treasuries lower after faster-than-expected US inflation data. MSCI’s Asia Pacific index erased earlier losses to rise 0.4% as South Korean stocks reversed initial declines to gain 1.7%, powered by chip giants SK Hynix Inc. and Samsung Electronics Co. Equity-index futures for the US and Europe extended gains after the White House said Nvidia Corp. Chief Executive Officer Jensen Huang would join President Donald Trump’s trip to China. Nvidia’s shares rose more than 3% on an alternate trading platform on the news. Bonds were also in focus after the faster-than-estimated rise in core US consumer prices spurred bets the Federal Reserve will raise interest rates next year. Japan’s 20-year bond yield climbed above its January peak to touch the highest level since 1997 as elevated energy prices add to inflation pressure. The rate-sensitive two-year Treasury yield held just under 4%, while its 30-year peer was within two basis points of this year’s high. Elsewhere, the pound held steady as a political crisis unfolds in the UK, while the Indian rupee edged lower even after the government more than doubled tariffs on gold and silver. While elevated oil levels and rising inflation risks are testing the rebound in equities from their war-driven lows, investors continue to back semiconductor companies on expectations the AI rollout will drive corporate profits. Optimism that tensions in the Middle East will ease is also helping temper concerns about higher prices and their impact on the global economy. Elsewhere, Brent crude oil dropped 1% to about $106.50 a barrel. Gold fell 0.4% to about $4,700 an ounce, while silver traded around $86.70. High-flying chip stocks had struggled through one of their most challenging sessions of the year on Tuesday in a dramatic reversal for some of the market’s best performers. The Philadelphia Semiconductor Index had slumped 3%, its biggest drop in two weeks. Asian investors stepped in after weakness at the start of the trading day. MSCI’s Asia Pacific tech index edged up 0.2% with SK Hynix surging 7.6% to a record and Samsung rising 4.3%. On the geopolitical front, President Trump said he would prioritize trade discussions during his summit with Chinese counterpart Xi Jinping this week, and downplayed the amount of attention they would devote to the Iran war. Traders have ramped up wagers the yuan will strengthen in coming days in a bet that the meeting will support a trade truce between the nations. Earlier, US inflation quickened in April on rising gasoline and grocery costs, exceeding wage growth in a double-whammy for already strained consumers. CPI rose 3.8% from a year earlier, the most since 2023. The core gauge, which excludes food and energy, increased 2.8%. Us After Hours NXT +9.7% higher on earnings and acquisition; OPEN +1.1% as CEO bought 100,000 shares; QUIK -16.6%, TLSI -13.3%, INR -11%, KRMN -10.6% lower on earnings.
Nikkei +0.79% Hang Seng +0.26% CSI +0.00% Shanghai +0.09% Shenzen +0.63%
Eur$ 1.1734 CNH 6.7915 CNY 6.7923 JPY 157.72 GBP 1.3534 CHF 0.7806 RUB 73.8250 TRY 45.4140 WTI$ 100.90 -1.24% Gold 4,700 +0.63% BTC 81,197 +0.65% ETH 2,305 +0.91%
S&P +0.17% Nasdaq +0.42% EuroStoxx +0.86% FTSE +0.56% Dax +0.74% SMI +0.57%
Macro :
- Euroclear to Accept HK-Traded Chinese Bonds as Collateral: FT
- Trump Says Will Ask Xi to ‘Open Up’ China as First Request
Keep an eye on :
Keep an eye on :
- ABN NA : ABN Amro 1Q Net Interest Income Beats Estimates, ABN Amro Sees FY Costs EU5.5B, Saw EU5.6B
- ADEN SW : Adecco 1Q Revenue Beats Estimates
- AFG NO : AF Gruppen 1Q Revenue Above Estimates
- ALFEN NA : Alfen 1Q Revenue Beats Estimates, Alfen Ebitda Beat Driven by Energy Storage Unit, Jefferies Says
- ALFEN NA : Alfen 1Q Revenue Beats Estimates, Alfen Ebitda Beat Driven by Energy Storage Unit, Jefferies Says
- ALO FP : Alstom FY Adjusted Ebit Beats Estimates
- ALV GY : Allianz 1Q Operating Profit Beats Estimates
- Anthropic IPO : Anthropic Seeks to Buy Stainless for at Least $300M: Information
- AAPL US : Apple Plans Customizable Camera App Geared Toward Pros in iOS 27
- AG1 GY : AUTO1 1Q Adjusted Ebitda Beats Estimates
- BMAG AV : BAJAJ Mobility 1Q Ebitda EU5.5M
- BAVA DC : Bavarian Nordic 1Q Revenue Misses Estimates; Outlook Kept
- BERGB SS : Bergman & Beving 4Q Revenue Misses Estimates
- BDT GY : Bertrandt 1H Ebit Loss EU13.1M Vs. Loss EU14.4M Y/y
- GBF GY : Bilfinger Maintains FY Sales Forecast
- BOUV NO : Bouvet 1Q Revenue Misses Estimates
- BNR GY : Brenntag 1Q Operating Gross Profit Beats Estimates
- CEC GY : Ceconomy Maintains FY Adjusted Ebit Forecast
- COFA FP : Coface 1Q Net Income Beats Estimates
- COFA FP : Coface 1Q Net Income Beats Estimates
- CVSG LN : Activist Converium Asks UK’s CVS to Launch £100m Buyback: FT
- DMP GY : Dermapharm Maintains FY Adjusted Ebitda Forecast
- DTE GY : Deutsche Telekom Boosts FY Adjusted Ebitda After Leases Forecast, Deutsche Telekom Nudges Up 2026 Guidance After T-Mobile Growth
- Dolimiti Energia IPO : Dolomiti Energia May Target €3b-€4b IPO by Year-End, MF Reports
- FGR FP : Eiffage 1Q Sales Meet Estimates
- EQT SS : EQT Taps Qatari Funding as Bids for €8 Billion VW Unit Near
- EOAN GY : E.On 1Q Adjusted Ebitda Beats Estimates
- RF FP : Eurazeo Assets Under Management EU39.19B Vs. EU36.77B Y/y
- ETL FP : Eutelsat 3Q Like-for-Like Sales +3.1%
- FINGB SS : Fingerprint Cards 1Q Oper Loss SEK22.9M Vs. Loss SEK0.3M Y/y
- FLS DC : FLSmidth Maintains FY Adjusted Ebita Margin Forecast
- GAMA LN : Providence Is Said to Weigh Acquisition of Gamma Communications
- GOOGL US : Waymo Is Fixing Its Entire Fleet to Avoid Flooded Roads
- GLJ GY : Grenke 1Q Net Income EU15.5M
- HLAG !gy : Hapag-Lloyd 1Q Ebitda Margin Beats Estimates
- HMU GY : HMS Bergbau AG Buys Shares of Belmont Resources
- INPST NA : InPost 1Q Revenue Beats Estimates
- KID NO : Kid ASA Reports 1Q Loss/Shr of NOK 0.96
- LEG GY : LEG Immobilien 1Q AFFO/Share EU0.78 Vs. EU0.84 Y/y
- LSEG LN : London Stock Exchange Group trims remote working for some staff
- MEKKO FH : Marimekko 1Q Net Sales Beat Estimates
- MRK GY : Merck KGaA Boosts FY Adjusted Ebitda Forecast
- MLP GY : MLP 1Q Revenue EU315M Vs. EU301M Y/y
- MOWI NO : Mowi 1Q Ebit Misses Estimates
- NKT DC : NKT Maintains FY Oper Ebitda Forecast
- NORBT NO : NORBIT 1Q Revenue Under Estimates
- NVDA US : Nvidia CEO Huang’s FY2026 Total Comp. $36.3m vs $49.9m Y/y
- OCEAN NO : Ocean-Geoloop Offers Up to NOK36 Million Shares at NOK0.50/Share
- OKLO US : Oklo 1Q Loss per Share 19C, Est. Loss/Shr 19C
- PSM GY : ProSieben 1Q Adj Ebitda EU52.0M Vs. EU44M Y/y; Confirms FY View
- PROX BB : Proximus 1Q Adjusted Revenue Meets Estimates
- RWE GY : RWE 1Q Adjusted Ebitda Beats Estimates
- F3C GY : SFC Energy FY Outlook Above Consensus; 1Q Sales Miss Estimates
- SIE GY: Siemens 2Q Industrial Business Profit Misses Estimates
- SIE GY : Siemens to Buy Back €6 Billion Shares Against Tough Backdrop
- SIX2 GY : Sixt 1Q Revenue Beats Estimates
- S92 GY : SMA Solar Sees FY Sales High End of EU1.48B to EU1.68B
- TLX GY : Talanx 1Q Net Income EU774M Vs. EU604M Y/y
- TEL2B SS : Tele2 Names Högberg CEO After Jean Marc Harion Steps Down
- TRASTOR GA : Trastor Says Offer Price Seen at €1/Share Subject to Bookbuild
- VK FP : Vallourec Sees 2Q Group Ebitda Between $175M-$205M
- VLA FP : Valneva 1Q Revenue Misses Estimates
- VOW3 GY : EQT Taps Qatari Funding as Bids for €8 Billion VW Unit Near
- WIE AV : Wienerberger 1Q Ebitda Misses Estimates
- ZURN SW : Zurich Ins. 1Q P&C Insurance Revenue $12.00B, Zurich Insurance Sees Data Center Demand Drive P&C Premiums