Chinese tech stocks advanced ahead of earnings from industry bellwethers as broader regional indexes fell. Japanese government bond yields climbed to the highest in more than a decade. The Hang Seng Tech Index jumped about 1%, lifted by gains in Tencent Holdings Ltd. and Alibaba Group Holding Ltd., which report results later Tuesday. Investors are looking to China’s Big Tech earnings for confidence that a nascent rally in the nation’s stocks can continue. A regional Asian share gauge slipped as broader indexes in China, Hong Kong and Australia fell. Japan’s 20-year government bond yield rose to its highest level since 2013 on speculation the Bank of Japan will reduce debt-buying amounts at its regular operations again to ease pressure on the ailing yen. The yen extended losses for a third day against the greenback to a two-week low. A Bloomberg dollar index was flat and US 10-year Treasury yields little changed as traders awaited the releases of US producer prices, a key inflation indicator. With the latest Chinese economic data pointing to a patchy recovery, any earnings miss may cool the market’s momentum. Hong Kong markets are closed Wednesday for a holiday, so reactions to the results will be first seen in the Nasdaq Golden Dragon China Index. US futures edged lower after the S&P 500 closed little changed. Later Tuesday, economists will parse US producer prices data to assess the impact of categories that feed into the Federal Reserve’s preferred inflation gauge. Chair Jerome Powell is also scheduled to speak. US consumer price index due Wednesday is projected to show moderation while still remaining too high to warrant rate cuts. Some prominent trading desks are warning that investors should gear up for a potential break in the calm that’s come over stocks. The options market is betting the S&P 500 will move 1% in either direction after Wednesday’s CPI, according to Andrew Tyler at JPMorgan Chase & Co. On Monday, a Fed Bank of New York survey highlighted an increase in expectations for inflation. lsewhere, Australia’s Treasurer Jim Chalmers on Tuesday will announce the government’s books are in the black for a second straight year, putting the nation’s fiscal standing near the top of developed-world counterparts. On corporate news, market watchers will also be looking for the next step in BHP Group’s takeover battle, after its second approach for rival Anglo American Plc that valued the miner at $43 billion was rejected. Uber Technologies Inc. is buying Delivery Hero SE’s Foodpanda business in Taiwan for $950 million. In commodities, oil held a gain before the release of OPEC’s market outlook, with traders looking for clues on whether supply curbs will be extended, and US inflation data that will shape expectations for monetary policy. Iron ore slumped after a major Chinese developer defaulted, the latest sign the debt crisis facing the nation’s steel-intensive property sector is far from over. US After Hours HROW +14.9%, VYGR +7.9% both up big on earnings; AMC +16.8% tacking on additional gains following impressive intra-day run; STNE -7% down on earnings.
Nikkei +0.19% Hang Seng -0.05% CSI -0.38% Shanghai -0.22% Shenzen +0.22%
Eur$ 1.0786 CNH 7.2429 CNY 7.2376 JPY 156.44 GBP 1.2554 CHF 0.9087 RUB 91.5883 TRY 32.3270 WTI$ 79.25 +0.16% Gold 2,344 +0.33% BTC 62,650 -0.70% ETH 2,943 -0.39%
S&P -0.02% Nasdaq -0.08% EuroStoxx +0.00% FTSE -0.15% Dax -0.04% SMI +0.12%
Macro :
- JPMorgan’s Kolanovic Says Not Worth ‘Taking on Equity Risk’ Now
- Goldman Says Hold Stocks With Upside Risk More Likely
Keep an eye on :
Keep an eye on :
- AGR AV : Agrana FY Ebit EU151M
- AGFB BB : Agfa-Gevaert 1Q Revenue EU250M Vs. EU270M Y/y
- ALC SW : Alcon 1Q Core EPS Beats Estimates
- AMBUB DC : Ambu Maintains FY Ebit Margin Forecast
- BHG SS : BHG Group Sets New Financial Targets; Dividend Policy Unchanged
- BSGR NA : B&S Group 1Q Revenue EU529.7M Vs. EU525.6M Y/y
- BAYN GY : Bayer 1Q Adjusted Ebitda Beats Estimates
- BMW GY : BMW CEO Says Europe’s Auto Value Chain to Halve on ICE Ban
- BMW GY : "Our industry has become vulnerable to blackmail": Interview with BMW boss Zipse
- BNP FP : BNP Paribas to Buy Neuflize Vie From Axa, ABN Amro: Les Echos
- BNR GY : Brenntag Sees FY Operating Ebita Low End of EU1.23B to EU1.43B
- 1211 HK : Chinese EV Giant BYD to Unveil Plug-In Hybrid Pickup in Mexico
- COL SM : Inmobiliaria Colonial 1Q Recurring EPS EU0.087 Vs. EU0.07 Y/y
- DEME BB : DEME Group 1Q Turnover EU900M Vs. EU672.2M Y/y
- DHER GY : Uber to Buy Delivery Hero’s Taiwan Business for $950 Million
- DUE GY : Duerr 1Q Adjusted Ebit Beats Estimates
- EUZ GY : Eckert & Ziegler 1Q Revenue EU67.6M Vs. EU57.9M Y/y
- EGLA IM : Eurogroup Laminations 1Q Revenue EU206.1M Vs. EU229.8M Y/y
- FER SM : Ferrovial 1Q Ebitda Beats Estimates, Ferrovial Ebitda Beats on Toll Roads Performance
- FRA GY : Fraport 1Q Ebitda Beats Estimates
- HNR1 GY : Hannover Re Maintains FY Net Income Forecast
- INH GY : Indus Holding 1Q Ebit EU26.7M Vs. EU44.8M Y/y
- IG IM : Italgas 1Q Ebitda EU325.7M Vs. EU297.2M Y/y
- KWS GY : KWS Saat 9M EPS EU6.90 Vs. EU5.10 Y/y
- LONN SW : Lonza Affirms Forecast, Sees Softer 1Q Normalizing Across 1H
- MRL SM : *SANTANDER,MERLIN MULL CREATING NEW DATA CENTER UNIT: ECONOMISTA
- NTRY SM : *CRITERIA SEEKS LOAN OF UP TO €2B FOR NATURGY DEAL: CONFIDENCIAL
- NDX1 GY : Nordex 1Q Sales Beats Estimates
- NOVOB DC : Novo Nordisk: Mim8 Frontier 2 Trial Met Co-Primary Endpoints
- OCI NA : OCI 1Q Adjusted Ebitda Beats Estimates
- ORRON SS : Orron Energy 1Q Ebitda EU3.1M Vs. EU4.6M Y/y
- PBB GY : PBB to Shed UK, US Financings With Aggregate Volume of €900M
- PSM GY : ProSieben 1Q Sales EU867M
- RHM GY : Rheinmetall 1Q Backlog EU40.2B Vs. EU28.2B Y/y
- S30 FP : Solutions 30 1Q Revenue EU265M Vs. EU255.3M Y/
- SALM NO : Salmar 1Q Operating Ebit Misses Estimates
- SOON SW : Sonova Sees 2025 Adj. Ebita +7% to +11%
- STLA US : Stellantis in talks with Vale to invest in Indonesian nickel smelter
- TEF SM : Sepi Owns Stake in Telefonica Greater Than 8% as of May 9
- TEG GY : TAG Immobilien 1Q FFO per Share EU0.37
- TE FP : TechnipFMC awarded significant integrated Engineering, Procurement, Construction, and Installation contract by Woodside Energy
- TLW LN : Tullow Oil to Prepay $100m of Secured Notes Due 2026 on May 15
- 8TRA GY : Volkswagen Said to Eye Traton Stock Sale After Share Price Surge
- UBI FP : Ubisoft's Codename Red Trailer Hints at Fiscal 2025 Debut: React
- UCB BB : UCB Zilbrysq Data Shows Meaningful Improvement in Fatigue in gMG
- UMI BB : Belgium Discloses 5% Stake in Umicore
- VIE FP : Veolia Confirms Full-Year Forecasts as Quarterly Profit Climbs
- VOW GY : Volkswagen Said to Eye Traton Stock Sale After Share Price Surge
- VOW GY : Volkswagen Said to Eye Traton Stock Sale After Share Price Surge
- YIT FH : YIT Sells Stake in JV Tieyhtio Vaalimaa to Meridiam