Asian stocks pushed higher Friday after a rally on Wall Street spurred by robust corporate earnings and as China loosened curbs on home loans at some of its largest banks.
Japanese equities outperformed amid a dip in the yen, Hong Kong gained and Chinese stocks were steady. U.S. futures climbed following the S&P 500’s best day since March. Results from major U.S. banks beat estimates, U.S. producer prices advanced at the slowest pace this year and initial jobless claims fell, boosting sentiment.
China is easing restrictions on home loans amid growing concern about contagion from the debt crisis at China Evergrande Group. The nation’s central bank added enough medium-term funds to keep financial-system liquidity at existing levels.
Bitcoin extended a climb with the Securities and Exchange Commission poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading, according to people familiar with the matter.
Solid company earnings in the reporting season so far helped to temper fears that inflation stoked by surging energy prices and supply-chain snarls will hurt growth. Corporate profits have been a boon for the equity market throughout the pandemic. At the same time, the wider debate about whether a stagflation-like backdrop looms remains unresolved.
Crude oil headed for an eighth weekly gain, the longest such run since 2015. Base metals have soared, with European smelters the latest casualties in the global energy crisis. A gauge of six industrial metals hit a record high on the London Metal Exchange.
US After Hours AA jumps +5.5% on earnings and dividend initiation; MRNA +0.5% confirms FDA panel news on boosters; DCT -13.5% falls on weak guidance
Nikkei +1.61% Hang Seng +1.21% CSI +0.43% Shanghai +0.47% Shenzen +0.24%
Eur$ 1.1588 CNH 6.4329 CNY 6.4359 JPY 113.94 GBP 1.3685 CHF 0.9230 RUB 71.3084 TRY 9.1950 WTI$ 81.43 +1.23% Gold 1,795.87 +0.16% BTC 59,250 +3.15% ETH 3,802 +1.15%
S&P +0.44% Nasdaq +0.49% EuroStoxx +0.52% FTSE +0.30% Dax +0.46% SMI +0.42%
Macro :
- Europe’s Car-Sales Crash Points to Worse Year Than Terrible 2020
- Bitcoin Futures ETF Said Not to Face SEC Opposition at Deadline
- Italy May Extend Tax Breaks for Mergers by Six Months: Reuters
- Italy May Extend Tax Breaks for Mergers by Six Months: Reuters
- Biden Signs Debt Ceiling Increase to Avert U.S. Default
- Robinhood-Like Apps Are Latest Targets for Beijing: China Today
- Crypto Risk Now Touches $7.1 Trillion Worth of Stocks, MSCI Says
Spac :
- Compass Digital Acquisition Prices $200m SPAC IPO
- SPAC Legato Rises After Stockholders Approve Algoma Steel Merger
Keep an eye on :
Keep an eye on :
- ME US : 23andMe Holdings Surges After Positive Mention on CNBC
- 2GB GY :2G Energy Jumps to Record After Posting 70% Rise in 3Q Orders
- ADP FP : ADP Sept. Passengers 4.73M
- AIR FP : Ex-Boeing 737 Max Chief Technical Pilot Indicted for Fraud: DOJ
- AKRBP NO : Aker BP Prelim 3Q Avg Production 210,000 Boe/D
- AZA IM : Italy Says Ciao Once Again as New Alitalia Readies for Takeoff
- AA US : Largest U.S. Maker of Aluminum Billet Warns of Capacity Cuts
- ATL IM : Atlantia Stops Management and Coordination of Italian Units
- ATRLJB SS : Atrium Ljungberg 9M Rental Income SEK1.69B Vs. SEK1.79B Y/y
- CS FP : AXA Pledges EU1.5B to Support Sustainable Forest Management
- BAMI IM : Banco BPM to Present 2024 Business Plan on Nov. 5: Messaggero
- BYS SW : Bystronic AG Sees FY Ebit Margin 8% to 9%, Saw About 8% to 9%
- CCL LN : Princess Cruises Announces Ship Restarts for Feb., March & April
- DRW3 GY : Draegerwerk Prelim 3Q Ebit About EU48M
- EDP PL : EDP Reaffirms Goal of Being Coal Free by 2025 (1)
- EPR PL : EDP Renovaveis Says 9-Month Electricity Generation Rises 5%
- FDJ FP : FDJ 3Q Revenue EU529M
- GSF NO : Grieg Seafood Prelim 3Q Harvest About 20,500 Metric Tons
- HOLX US : Hologic to Buy Bolder Surgical
- BOSS GY : Hugo Boss Boosts FY Ebit Forecast
- IFX GY : TSMC Rises on Strong Chip Demand Outlook; AT&T Upgrade: TMT Wrap
- INT IM : Intermonte Requests Admission to Trading in Milan
- ITM PL : ITM Power Plans to Raise About GBP250m by Placing, Subscription
- LDO IM : Leonardo Says Boeing Issues Due to Subsupplier, Won’t Bear Costs
- M US : Jana Takes Stake in Macy’s, Urges Spinoff of E-Commerce Ops: DJ
- MF FP : IHS Falls on U.S. Debut After $7 Billion Telecom Towers IPO --> -19% IHS US
- MF FP : IHS Falls on U.S. Debut After $7 Billion Telecom Towers IPO --> -19% IHS US
- DRLCO DC : Maersk Drilling Awarded Contract Extension in Angola
- BMPS IM : Italy Seeks to Close Paschi Sale With Higher Capital Increase
- MZB Holding : Massimo Zanetti Beverage May Seek Investor for 30% Stake: MF
- NEXI IM : Italy’s Antitrust Approves Nexi-Sia Merger With Conditions
- NOKIA FH : Nokia’s KDDI/SoftBank Win Proves 5G Gear Appeal: React (Correct)
- ORSTED DC : ZE PAK Signs LOI With Orsted on Polish Offshore Wind
- OVH Cloud IPO : OVHcloud Sets IPO Price at EU18.5/Shr; Range Was EU18.5-EU20
- POS AV : Porr AG Launches Capital Increase of Up to EU122.2m
- RIO LN : Rio Tinto Cuts FY Pilbara Iron Ore Shipments On 100% Basis View
- RIO LN : Rio Must Do Better, Says CEO, After Glitches Hurt Mine Output
- RR/ LN : Rolls-Royce CEO Says Many Technologies Needed to Lower Emissions
- SHOT SS : Scandic Prelim 3Q Adjusted Ebitda Meets Estimates
- SES SS : Scandinavian Enviro Systems Offers SEK110m Shares -- > Priced @ SEK1.9/Share
- SIVE SS : Sivers Semiconductors Offers Up to SEK400m Shares
- STM FP : TSMC Rises on Strong Chip Demand Outlook; AT&T Upgrade: TMT Wrap
- THG LN : FT Article : What does SoftBank see in THG?, The UK tech sensation is struggling to explain its business
- UCG IM : Italy Seeks to Close Paschi Sale With Higher Capital Increase
- VACN SW : VAT 3Q Orders CHF298.7M Vs. CHF156.4M Y/y