Most Asian stocks gained before US inflation figures that are forecast to cement the notion that global interest rates are peaking. MSCI’s gauge of regional equities headed for its biggest advance in a week, with South Korea’s shares leading gains. Benchmarks in Japan and Australia also rose. The S&P 500 ticked lower Monday but still held above the key 4,400 mark. A batch of economic reports this week will help shape the direction of markets after a rally driven by bets the rate-hike cycle is almost over. US inflation probably slowed to an annual rate of 3.3% in October from 3.7% in September, according to a Bloomberg survey of economists. Federal Reserve Vice Chair Philip Jefferson and Chicago Fed President Austan Goolsbee may deliver further clues on the rate path when they speak at separate events Tuesday. Treasuries were little changed in Asia, with two-year yields hovering just above 5.04%. The dollar traded in a narrow range against its major peers, while the yen stayed near the weakest level since October 2022. Stocks in Hong Kong erased gains, with tech shares leading losses, as concerns lingered over the strength of China’s economic recovery. Tech giants Tencent Holdings Ltd. announces earnings Wednesday and Alibaba Group Holdings Ltd. on Thursday. Chinese President Xi Jinping and his US counterpart Joe Biden are due to meet Wednesday on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco, and there’s some optimism their discussion will help ease tensions between the two economic giants. Oil climbed for a fourth day, the longest run of gains in more than two months, on signs the demand outlook may not be as bad as previously feared. Gold was little changed after rising on Monday. Meanwhile, investors betting rates are peaking drove the S&P 500 to an almost two-month high last week. The Fed is “pretty much done, but rates are going to stay higher for longer just as an insurance policy,” Laila Pence, chief executive officer at Pence Wealth Management, said on Bloomberg Television. “They’re going to be a lot slower into reducing rates and that will be a little bit of unpleasant for the market next year, but they’ll deal with it.” Oil climbed for a fourth day, the longest run of gains in more than two months, on signs the demand outlook may not be as bad as previously feared. Gold was little changed after rising on Monday. Meanwhile, investors betting rates are peaking drove the S&P 500 to an almost two-month high last week. The Fed is “pretty much done, but rates are going to stay higher for longer just as an insurance policy,” Laila Pence, chief executive officer at Pence Wealth Management, said on Bloomberg Television. “They’re going to be a lot slower into reducing rates and that will be a little bit of unpleasant for the market next year, but they’ll deal with it.” US After Hours AZTA +4.1% edging higher following earnings; SKIN -38.5%, HROW -15.1%, FSR -13.6% gapping significantly lower on earnings.
Nikkei +0.34% Hang Seng +0.10% CSI +0.10% Shanghai +0.33% Shenzen +0.40%
Eur$ 1.0694 CNH 7.3041 CNY 7.2937 JPY 151.71 GBP 1.2269 CHF 0.9025 RUB 91.6109 TRY 28.6149 WTI$ 78.61 +0.45% Gold 1,943 -0.15% BTC 36,560 +0.20% ETH 2,060 -
S&P +0.03% Nasdaq +0.15% EuroStoxx +0.01% FTSE -0.19% Dax +0.07% SMI +0.14%
Macro :
- London Boroughs Buy £300 Million of Property to Move Homeless
- China Drags EU Consumer Discretionary Despite Structural Growth
- Goldman’s Bell Sees Europe Stocks Up in 2024 as Economy Improves
Keep an eye on :
Keep an eye on :
- ACS SM : ACS 9M Net Income Beats Estimates
- AIR FP : Airbus Gets Order For 10 A350-900S Aircraft From EgyptAir
- AIR FP : Boeing, Zero Petroleum to Team up on Sustainable Aviation Fuels
- AAPL US : Apple Gets 36% of Google Revenue From Search Deal, Witness Says
- ARM US : ARM Holdings PLC Announces Management Change
- ATS AV : AT&S in Talks With Shareholders About Possible Capital Increase
- AAG GY : Aumann Sees FY Ebitda Margin High End of 6% to 7%
- POST AV : Austrian Post 3Q Ebitda Beats Estimates
- AZA SS : Avanza Removes Frängsmyr as CEO After Talks With Swedish FSA
- CS FP : French Insurers See €1.3B Impact from November Storms (Nov. 13)
- SKIN US : Beauty Health Cuts FY Net Sales Forecast, CEO Steps Down --> -30% in after hours
- BWLPG NO : BW LPG 3Q Ebitda Beats Estimates
- CLARI FP : Clariane Outlines Four-Part, €1.5B Plan to Reinforce Finances
- COTY US : Coty Boosts Share Buyback Program by $600m to Total ~$1b
- DHER GY : Delivery Hero Now Sees FY GMV Growth High End of 5%-7% Range
- DHER GY : Delivery Hero Now Sees FY GMV Growth High End of 5%-7% Range (1)
- ECV GY : Encavis 9M Oper Ebitda EU246.1M Vs. EU271.3M Y/y
- ERG IM : ERG Narrows FY Adjusted Ebitda Forecast
- PRT IM : Esprinet 9M Sales EU2.74B
- RACE IM : Ferrari to Launch Employee Share Ownership Plan Next Year
- FCT IM : Fincantieri to Invest €40 Million to Develop Ancona Port
- GLEN LN : Glencore to Lead $9 Billion Deal to Buy Teck’s Coal Division (3)
- GDHG US : Hindenburg Says It Is Short Golden Heaven Group
- GREEN BB : Greenyard 1H Adj. Ebitda Cont Ops EU90.3M Vs. EU80.4M Y/y
- GSF NO : Grieg Seafood to Invest NOK 1.1b in Finnmark Post-Smolt Unit
- GSF NO : Grieg Seafood 3Q Operational Ebit Loss NOK86M
- FUR NA : Fugro Sees 2027 Ebit Margin 11% to 15%
- HHFA GY : Hamburger Hafen Boosts FY Capital Expenditure Forecast
- HMSO LN : Hammerson in Talks to Sell Stake in Value Retail for £1B: Sky
- EQS GY : Hensoldt Prepares Potential Capital Raise for Possible Takeover
- MBH3 GY : Hermle 9M Sales EU380.9M
- INH GY : Indus Holding Sees FY Ebit Low End of EU145M to EU165M
- IPN FP : Ipsen Says Elafibranor Targets ‘Huge’ Unmet Medical Need
- ISP IM : Intesa Opens Consultation With Clients Moved to Digital Bank
- JUST LN : Just Group's MSCI ESG Rating Raised to AA from A
- SDF GY : K+S 3Q Ebitda Beats Estimates
- KESKOB FH : Kesko Oct. Sales From Continuing Operations EU1.06B
- MDM FP : French Regulator Fines Ex-Maisons Du Monde Execs Over Trades
- DTG GY : Mercedes-Benz Truck CEO Says Order Backlog Remains Very High
- AERO SW : Montana Aerospace 9M Adjusted Ebitda EU93.9M Vs. EU55.1M Y/y
- BMPS IM : Monte Paschi Board Member Marco Giorgino Resigns
- NDX1 GY : Nordex 9M Ebitda Loss EU66.6M
- OR FP : Turkey Levies 87.4m Liras Antitrust Fine on L’Oreal Turkiye
- PAT GY : Patrizia Sees FY Ebitda Low End of EU50.0M to EU70.0M
- PSM GY : ProSieben Sees FY Adjusted Ebitda Low End of EU550M to EU650M
- ROG SW : Roche’s Subcutaneous Tecentriq Injection Recommended by CHMP
- RWE GY : RWE 9M Adj. Ebitda EU6.15B Vs. EU3.39B Y/y; Confirms Outlook
- SAGAA SS : Sagax Offers 10m Shares via ABG Sundal Collier, JP Morgan
- SAGAA SS : Sagax Offers 10m Shares via ABG Sundal Collier, JP Morgan
- EQUI IM : SBE-Varvit to Start Trading on Euronext Growth Milan
- SVT LN : Severn Trent's MSCI ESG Rating Lowered to A from AA
- STLA IM : Stellantis Will Offer Buyouts to 6,400 Non-Union Workers
- SUSE GY : Suse Delists From Frankfurt Stock Exchange After Takeover
- SWECB SS : Sweco Reiterates Financial Targets at CMD
- TEG GY : TAG Sees 2024 FFO I Constant Y/y, Expects FFO II to Decline Y/y
- TWEKA NA : TKH 3Q Turnover EU458.5M Vs. EU451.2M Y/y
- UBSG SW : Credit Suisse Sells Stake in Hedge Fund Verde to Lumina Capital
- VTSC GY : Vitesco 3Q Adjusted Ebit Beats Estimates
- VOD LN : Vodafone Beats Second Quarter Sales Growth, Reiterates Outlook