Most Asian stocks rose Thursday after China again indicated looser monetary policy is on the way and bond traders dialed back aggressive bets on Federal Reserve interest-rate hikes. An Asia-Pacific equity gauge climbed a second day as Japan and China pushed higher. U.S. and European equity futures were steady following a tech-sector rally that helped Wall Street snap a three-day drop. China is expected to cut a key policy interest rate for the second time this year on Friday and reduce the reserve requirement ratio soon -- the nation’s cabinet has strongly signaled the latter as Covid lockdowns sap the economy. Outside of China, monetary settings continue to tighten in the campaign to curb the cost of living. South Korea raised its key interest rate and Singapore further tightened policy, spurring advances in their currencies. Shorter maturity Treasuries extended a climb that suggests investors are rethinking just how far the Fed will hike rates. Some moderation in the core U.S. consumer-price measure has spurred speculation inflation is peaking, though a record producer-price print cautions against quick judgments. The commodity-fueled jump in costs exacerbated by Russia’s war in Ukraine continues to ripple across the global economy and color market sentiment. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said inflation and the conflict were creating “significant” challenges. The firm was among the first of the big U.S. banks to report earnings. the yen bounced from a two-decade low against the dollar. The greenback extended a drop after snapping its longest winning streak since 2020. Oil held most of a rally to about $104 a barrel on supply concerns. US After Hours CMBM -13%, RENT -4% move lower on results/guidance
Nikkei +1,18% Hang Seng +0,73% CSI +1.48% Shanghai +1.38% Shenzen +1.42%
Eur$ 1,0905 CNH 6,3769 CNY 6,3668 JPY 125,28 GBP 1,3134 CHF 0,9331 RUB 82,2298 TRY 14,55 WTI$ 103,80 Gold 1975 BTC 41,385 ETH 3121
S&P +0,25% Nasdaq +0,38% EuroStoxx +0,66% FTSE +0,27% Dax +0,67% SMI +0,28%
Macro :
- JPMorgan Increases Reserves on Recession Risk: Financial Wrap
- Oil Traders to Cut Russian Oil Purchases Beginning May 15: Rtrs
- Oil Traders to Cut Russian Oil Purchases Beginning May 15: Rtrs
- U.S. Gas Rises Above $7 as Cold Weather Strains Tight Supplies
- Bitcoin Surpasses $41,000 as Techincal Analysts Predict Bounce
Keep an eye on :
Keep an eye on :
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- AAPL US : Apple MacBook Shipments Delayed After Lockdowns Slow Production
- AAPL US : Apple Sued by Customers Over Right to Repair Their Own Devices
- MT NA : ArcelorMittal Buys 80% of Voestalpine HBI Facility in Texas
- ATL IM : Benettons, Blackstone Offer to Buy Atlantia for EU23/Share
- BBY LN : Balfour Beatty Wins $697.8m U.S. Army Contract
- BAS1V FH : Sapphire Consortium to Buy Basware for EU40.10 Per Share
- BC IM : Brunello Cucinelli 1Q Net Revenue Beats Estimates
- CNHI IM : CNH Industrial Shareholders Approve Dividend of EU0.28/Shr
- CTH LN : Sheikh Holdings Lifts CareTech Offer: M&A Snapshot
- CTH LN : Sheikh Holdings Lifts CareTech Offer: M&A Snapshot
- DRW3 GY : Draegerwerk Prelim 1Q Ebit Loss About EU35M
- ENI IM : Italy Steps Up Push to Cut Russian Gas With Egypt Agreement
- ENI IM : Eni Makes Oil and Gas Discoveries in Western Desert of Egypt
- ERICB SS : *ERICSSON 1Q ADJ. OPER PROFIT SEK4.8B, EST. SEK6.44B
- FAGR BB : Fagron 1Q Revenue EU156.4M Vs. EU134.8M Y/y
- GBLB BB : GBL Seeks Purchases in German-Speaking Europe: Euro am Sonntag
- GENL LN : Isbank Acquires Genel Energy Shares in Exchange for Receivables
- GMAB DC : Genmab, AbbVie Report Trial Data for Lymphoma Drug Epcoritamab
- HOLN SW : Holcim Said to Weigh Sale of India’s $9.6 Billion Ambuja Cements
- MBG GY : Mercedes EV Breaks 1,000-Kilometer Range Barrier to Outdo Tesla
- MITRA BB : Mithra’s Donesta Phase 3 Studies Met All 4 Co-Primary Endpoints
- OVH FP : OVHcloud Raises FY Rev. Growth Goal to 15%-17% From 12.5%-15%
- SAN FP : Sanofi Says Phase 1/2 Study Results of Rilzabrutinib Positive
- TEN IM : Tenaris Writes Off Investment in JV With Russia’s Severstal
- TOM2 NA : TomTom 1Q Revenue Meets Estimates
- UBSG SW : UBS Finally Gets New Manager for Fund Ensnared in China Property
- VACN SW : VAT 1Q Orders CHF294.2M Vs. CHF240.7M Y/y
- VLA FP : U.K. Regulator Approves Valneva Covid-19 Vaccine