Asian stocks pared losses after Japanese shares surged, while the yen weakened following the Bank of Japan’s decision to delay a reduction in bond buying. Japan’s Topix index shook off initial declines to trade as much as 0.9% higher, while the yen came close to weakening past the 158 per dollar mark after the Bank of Japan held its benchmark rate in a range between 0% and 0.1%, and said it will specify a plan for bond purchases at the July meeting, pushing back reductions in buying until at least then. Japan’s bond futures surged. MSCI’s Asia Pacific index slipped as losses in Australian and Chinese stocks offset the gains in Japan’s stock benchmark. The regional gauge remains on track for its third decline in the past four weeks. Mainland Chinese shares extended a drop into a fourth week, with calls growing for the nation’s central bank to ease policy to boost sentiment and support a soggy economy. US stock futures saw modest gains in Asia after the S&P 500 notched a fourth straight record, led by a surge in tech shares. A gauge of dollar against major global currencies was steady. Australian and New Zealand yields fell as Treasury yields held Thursday’s decline. The US producer price index unexpectedly declined the most in seven months, adding to evidence that inflationary pressures are moderating. Several categories that are used to calculate the Fed’s preferred inflation measure — the personal consumption expenditures price index — were softer in May than a month earlier. In China, the nation’s longest-dated special government notes received stronger-than-expected demand at an auction. Asia’s largest economy sold 35 billion yuan ($4.8 billion) of 50-year special government bonds at a yield of 2.53%, according to traders. That compares with an estimate of 2.58% in a Bloomberg survey. Elsewhere, the European Union’s bonds got hit Thursday as bets they would soon be added to key sovereign benchmarks received a blow, undermining the bloc’s efforts to broaden the appeal of its debt. Heightened political risk in France drove the premium on the nation’s 10-year bonds to the widest since 2017 over German peers. The euro held Thursday’s loss as French election worries weigh. In commodities, oil fell as US economic data signaled inflation is cooling. Gold was steady. US After Hours ADBE +16.9% up big following earnings; RH -9.7% lower on earnings; MSM -6% falls on weak guidance; VXRT +140% jumps on news it will receive BARDA award
Nikkei +0.42% Hang Seng -0.54% CSI +0.35% Shanghai +0.09% Shenzen +0.44%
Eur$ &.0737 CNH 7.2719 CNY 7.2550 JPY 157.95 GBP 1.2750 CHF 0.8943 RUB 87.8750 TRY 32.5290 WTI$ 78.16 -0.60% Gold 2,306 +1% BTC 66,710 +0.60% ETH 3,500 +0.60%
S&P +0.05% Nasdaq +0.21% EuroStoxx +0.47% FTSE +0.42% Dax +0.42% SMI +0.45%
Macro :
- Ex-Goldman Banker Teams Up With Lawyers to Target Carbon Market
- Germany Trying to Prevent or Soften EU Tariffs on Chinese EVs
- French Bond Rout Deepens as Spreads Hit Widest Since 2017
- Xi Has Few Options to Punish EU Without Starting Trade War
- G-7 to Tap Frozen Russian Assets for $50 Billion to Ukraine (2)
Keep an eye on :
Keep an eye on :
- ARM US : Arm Holdings to Join Nasdaq-100 Index Beginning June 24
- ATO FP : France Moves Ahead With €700M Offer to Buy Some of Atos’ BDS Ops
- BNP FP : BNP Paribas, BPCE to Form Payment Processing Joint-Venture
- CRST LN : Bellway Confirms Making Offer to Crest Nicholson on May 7
- EMMN SW : Emmi Says Oliver Wasem to Succeed Sacha Gerber as CFO
- ENX FP : Euronext Makes No Changes to CAC 40 Index in Review
- GIGA NO : Gigante Salmon Offers Up to NOK200 million Shares, Gigante Salmon Offering of 34.6m Shares Prices at NOK6.50/Share
- GIGA NO : Gigante Salmon Offers Up to NOK200 million Shares, Gigante Salmon Offering of 34.6m Shares Prices at NOK6.50/Share
- IBS PL : Ibersol Board Approves Share Buyback Program of as Much as €37m
- KESKOB FH : Kesko May Comparable Sales -2.7%
- KYOTO NO : Glentra Fund Offers to Buy Kyoto Group for NOK24/Share in Cash
- LOGN SW : Logitech Names Meeta Sunderwala as Interim CFO (June 13)
- MC FP : LVMH, Accor Enter Partnership to Develop Orient Express
- MSFT US : Microsoft Shifts Recall AI Feature Preview to Coming Weeks
- NFLX US : Netflix hunts for a production partner for its Christmas NFL games
- NFLX US : Netflix, Higher Ground Partners Barack & Michelle Obama Expand Film & TV Creative Collaboration
- NN NA : NN Group Announces Buyback to Neutralize Stock Dividend
- RVRC SS : RVRC Holding Holder Altor Fund IV Offers 7.8m Shares, RVRC Holding Offering of Shares by Holder Prices at SEK51/Share
- SPOT US : Lana Del Rey Gets Pulled Into the War Against Spotify: Soundbite
- STLA IM : Stellantis Says Plan Ready for Europe Assembly of Leapmotor EVs
- TSCO LN : Tesco 1Q Like-for-Like UK Sales Beats Estimates
- TKA GY : Carlyle, KfW Seek to Buy Stake in Thyssenkrupp Sub Unit: Rtrs
- TTE FP : TotalEnergies Sells Brunei Subsidiary to Malaysian Oil Firm
- UCG IM : ECB Asked UniCredit for Plan to Speed Up Russia Exit: Messaggero
- VFS US : Vietnam’s Richest Man Willing to Spend All His Money on EV Dream
- VOW GY : Scania Ramps Up E-Truck Production as Northvolt Fixes Delays