Stocks in Asia broadly climbed on cautious optimism the Federal Reserve may pause rate hikes following the US inflation report that was in line with estimates. The dollar slipped. Japan’s Nikkei 225 outperformed the region and equities in South Korea and Australia gained as a benchmark index for the region snapped a two-day loss. US stock futures also rose. Japanese shares received an extra boost after Economic Revitalization Minister Yoshitaka Shindo said the government will use all policies for economic management and highlighted the need for strong economic measures. The greenback weakened against all of its Group-of-10 peers and Treasury yields ticked lower. The euro ticked higher against the dollar as traders awaited the rate decision by the European Central Bank later Thursday. Elsewhere, demand for Japanese 20-year bonds at auction was the strongest since May 2020, soothing concerns about a potential normalizing of monetary policy by the Bank of Japan. The US’s core consumer price index, which excludes food and energy costs, increased 4.3% from a year ago — in line with estimates and marking the smallest advance in nearly two years. Also due later Thursday are US retail sales and producer price data. Hong Kong and mainland China shares swung between gains and losses as concerns remained in the property sector. Country Garden Holdings Co. fell as the deadline approaches for holders of a yuan bond to vote on the company’s repayment extension request. Evidence is building that Europe is facing persistent cost pressures that have been made worse by soaring energy prices. Money markets are pricing in a two-thirds chance the ECB raises interest rates by a quarter of a percentage point, a rapid shift from earlier this month where traders were firmly in the camp rates would be held steady. Evidence is building that Europe is facing persistent cost pressures that have been made worse by soaring energy prices. Money markets are pricing in a two-thirds chance the ECB raises interest rates by a quarter of a percentage point, a rapid shift from earlier this month where traders were firmly in the camp rates would be held steady. US After Hours SBUX -0.3% as Howard Schultz steps down from board; Wei Zhang joins board; SMTC -5.9% lower on earnings; DDD +2% delivers signed merger agreement to SSYS +1.9%.
Nikkei +1.52% Hang Seng +0.18% CSI -0.13% Shanghai +0.04% Shenzen -0.76%
Eur$ 1.0750 CNH 7.2736 CNY 7.2731 JPY 147.12 GBP 1.2504 CHF 0.8919 RUB 96.1416 TRY 26.9419 WTI$ 89.03 Gold 1;909.60 BTC 26,200 -0.10% ETH 1,615 +0.65%
S&P +0.28% Nasdaq +0.42% EuroStoxx +0.16% FTSE +0.17% Dax +0.20% SMI /
Macro :
- Watch Automotive Stocks as China Criticizes Europe EV Probe
- Euro Weakness Seen Prolonged Even With Another ECB Rate Increase
- Euro Weakness Seen Prolonged Even With Another ECB Rate Increase
- Ex-Goldman Banker Uses Big Data to Beat Biotech’s Long Odds
- Goldman Says Korea Stocks Top Bet as Some China Worries May Fade
- EU’s China EV Subsidy Probe Could Spur Retaliation: Street Wrap
Keep an eye on :
Keep an eye on :
- ARM LN : SoftBank-Backed Arm Said to Price IPO at Top of Range
- AUTN SW : Autoneum Sets Offer Price for Capital Increase at CHF90.75
- BN FP : Danone Invests €50m to Expand Medical Nutrition Capabilities
- ENI IM : Sonangol, Azule Energy Sign Decarbonization MOU in Angola
- EXO NA : Exor 1H Net Income EU2.16B Vs. EU265M Y/y
- EXO NA : Agnellis’ Exor Unveils Year-Long €1 Billion Share Buyback Plan
- FSKRS FH : Fiskars Acquires Georg Jensen for €151.5m Enterprise Value
- IPS FP : Ipsos Sees FY Organic Revenue +3% to +4%, Saw About +5%
- IVG IM : Iveco Group Names Anna Tanganelli as CFO
- JYSK DC : Jyske Bank Summoned by Ombudsman to Clarify Negative Rates
- KSP ID : Kingspan to Make Mandatory Public Offer for Nordic Waterproofing
- MC FP : LVMH ADRs Fall After Barclays Downgrades Retailer, Euro Luxury
- ROO LN : Deliveroo Eyes Defense Strategy Before Dual-Class Setup Ends
- SAN SM : Santander Plans to Cut 100 Jobs at Its Italian Consumer Bank
- SAN SM : Santander Plans to Cut 100 Jobs at Its Italian Consumer Bank
- STLA IM : Stellantis Hires Goldman to Explore Options for Comau: Sole
- TTE FP : TotalEnergies Targets Suriname Block 58 Production in 2028
- UBSG SW :UBS to Move Bankers, Traders to Credit Suisse’s New York Offices
- Verkor : French EV-Battery Startup Raises €2 Billion for Dunkirk Plant
- ROL SW : Von Roll Shareholders Voted in Favor of Delisting at EGM
- VOW GY : Lamborghini Heads for Another Year of Record Sales in Korea
- ZURN SW : Zurich May Present Binding Offer for Kairos by Mid-Oct.: MF