A gauge of global stocks headed for its highest close in 10 weeks on speculation the Federal Reserve and other central banks are nearing the end of their hiking cycles. The dollar extended declines. MSCI Inc.’s World Index rose for a second day as equities advanced from Japan to Australia, following a rally in US stocks on Thursday. Europe equity futures also pointed to gains, while those for US shares were little changed. The S&P 500 climbed the most this month on Thursday and the tech-heavy Nasdaq had the best day since the middle of March following weaker-than-expected US factory-gate data. In a further sign rates are peaking around the world, Singapore’s central bank kept its policy settings unchanged after five tightening moves. The swap market is still leaning toward a quarter-point Fed hike in May with the central bank then expected to pause over the summer and gradually cut in the next months. A Bloomberg gauge of the dollar dropped to the lowest since February as the US currency weakened against all but one of its Group-of-10 peers. The euro climbed to the strongest in a year on speculation the Fed has just one rate hike left in May. South Korea’s won led gains in Asian currencies. Treasuries steadied after falling on Thursday amid improved risk sentiment. The policy-sensitive two-year yield held within a narrow range around 3.97%. China’s largest banks are planning at least 40 billion yuan ($5.9 billion) of bond sales, kicking off a major funding push to comply with global capital requirements by early 2025. In commodities, oil headed for a fourth week of gains amid signs of a tightening global market and a weaker dollar. Gold was set for a second weekly increase. US After Hours QDEL +7.8% pops on strong guidance; HIG -3.6% lower on guidance; LCID -3.9% lower after reporting Q1 production and delivery totals.
Nikkei +1,20% Hang Seng +0,21% CSI +0,59% Shanghai +0,61% Shenzen +0,46%
Eur$ 1,1069 CNH 6,8410 CNY 6,8405 JPY 132,38 GBP 1,2538 CHF 0,8873 RUB 81,3214 TRY 19,3465 WTI$ 82,59 Gold 2,044 BTC 30,800 +1,5% ETH 2,117 +5%
S&P -0,08% Nasdaq -0,15% EuroStoxx +0,23% FTSE +0,17% Dax +0,26% SMI +0,23%
Macro :
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Keep an eye on :
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- BPOST BB : Bpost Newspaper Concession Probe Finds Rule Violations: Tijd
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- CAV1V FH : Triton’s Crayfish Says It Holds 24.3% of Shares in Caverion
- COTN SW : Comet FY Sales Forecast Misses Estimates
- 1COV GY : Covestro Prelim 1Q Sales Misses Estimates
- DANSKE DC : Danske Bank Boosts FY Net Income Forecast, Beats Estimates (1)
- DPH LN : Dechra Pharma in Talks With EQT Over 4,070 Pence a Share Offer
- EDF FP : EDF Freezes Hiring as Strikes Take Toll on Output and Earnings
- FORTUM FH : Fortum Shareholders Approve Board Revamp After Uniper Failure
- GLEN LN : Glencore Gives Clearer Coal Exit for Teck Investors, ISS Says
- RMS FP : Hermes 1Q Sales at Constant Exchange Rates Beats Estimates
- IIA AV : Petrus Advisers’s Umek Reports 5.08% Stake in Immofinanz
- LEO GY : Leoni to Be Financially Stable After Restructuring: Handelsblatt
- MC FP : LVMH’s Value Nears $500 Billion, Enters World’s Top 10
- ORA FP : Orange Names Alstom CFO Laurent Martinez as Next Finance Chief
- RNO FP : Battery Startup Gets Renault Order in Hope It Will Spur Funding
- TOM2 NA : TomTom 1Q Revenue Beats Estimates
- TTE FP : Total Said to Weigh Bid for $5 Billion Oil Explorer Neptune
- UMG NA : UMG Falls as Goldman Trims Margin Expectation Before 1Q Results
- VAR NO : Var Energi Prelim 1Q Avg Production 214,000 BOE/D
- VOW GY : VW Wants Euro 7 Rule Delay To Avoid ‘Significant’ EU Job Losses
- YOU LN : YouGov to Name Steve Hatch From Meta as CEO: Sky