Stocks in Asia fell on Thursday for the first time in five sessions as the rally on Wall Street sparked by US-China trade talks showed signs of exhaustion. Japanese and Chinese stocks slipped, while those in Australia were little changed. The moves reflected a note of caution in a week marked by a sharp rebound in risk assets fueled by progress in trade talks and economic resilience. Lurking in the background is the worry that stocks get so extended that they’re vulnerable to surprises. Still, the nascent US-China trade truce, a UK pact and high-profile Gulf deals have been reassuring investors. The S&P 500 rose 0.1% overnight, while the Nasdaq 100 gained 0.5%, helped along by an advance for Nvidia Corp that wiped 2025 losses for the chipmaker. An index of the dollar fell Thursday, retracing a Wednesday rally, as the greenback weakened against most Group of 10 currencies. The yen firmed to around 146 per dollar. The Australian dollar rallied on stronger-than-expected jobs data. In further signs of thawing trade tensions, China on Wednesday suspended curbs on exports of rare earths and other goods and technologies for military use. The move followed an agreement by the Asian nation and the US to temporarily lower tariffs levied against each other’s products and will last for 90 days, China’s Ministry of Commerce said in a statement. Weakness in Chinese equities Thursday moderated a rally earlier in the week that Richard Tang, China strategist at Julius Baer, attributed to the fact improving ties between Washington and Beijing are now reflected in share prices. Traders will be watching for further moves in the won after a report that the US and South Korean governments discussed currency policies this month. The won extended gains on Thursday while neighboring currencies, including the Japanese yen, also rose. In corporate news, Starbucks Corp. has contacted private equity firms, technology companies and others as it considers options for its China business, including a possible stake sale, according to people familiar with the matter. Elsewhere, Mukesh Ambani-owned Reliance Industries has obtained a dual-currency borrowing of $2.9 billion-equivalent, according to people familiar with the matter, the largest offshore Indian loan in over a year. Selling in US government debt across the curve on Wednesday sent the 10-year yield to around the highest in a month, as Federal Reserve rate-cut bets receded. Yields were steady during Asian trading on Thursday. Fed Bank of Chicago President Austan Goolsbee said that it’s important for central bankers not to respond to day-to-day volatility in equities and economic policy pronouncements, noting that economic data remain steady for now. Fed Vice Chair Philip Jefferson said tariffs and related uncertainty could slow growth and boost inflation this year, but monetary policy is well positioned to respond as needed. The modest advance for US stocks on Wednesday covered up a broadly down day for most sectors. Big tech was the key exception, alongside a mix of individual names. Boeing Co. rallied on its largest-ever deal after Qatar Airways placed an order for long-range jets during a visit to Doha by Donald Trump. To Rick Gardner at RGA Investments, the stock-market rally has legs. Gold climbed after falling 2.3% to a one-month low in its previous session. Oil dropped for a second day after a government report showed US crude inventories rose the most in two months. US After Hours FL +62.6% on WSJ report that DKS -5.1% nearing deal to acquire FL; BOOT +16.6%, CSCO +2.1% higher on earnings; DXC -13.4%, CRWV -6.5%, JACK -4.6% lower on earnings.
Nikkei -0.96% Hang Seng -0.85% CSI -0.83% Shanghai -0.66% Shenzen -0.67%
Eur$ 1.1195 CNH 7.2095 CNY 7.2109 JPY 146.04 GBP 1.3281 CHF 0.8396 RUB 80.3950 TRY 38.7774 WTI$ 61.77 -2.19% Gold 3,148 -0.93% BTC 102,919 -0.63% ETH 2,589 -0.42%
S&P -0.36% Nasdaq -0.31% EuroStoxx -0.32% FTSE -0.09% Dax -0.38% SMI -0.22%
Macro :
- Hedge Fund Fermat Predicts 20% Surge in Catastrophe Bond Market
- Billionaire Mittal Said to Buy Home in ‘Beverly Hills of Dubai’
- Nigeria in Talks W/Petrobras for Deep Water Exploration: Reuters
- Greenlight's David Einhorn unveils his new pick, says it could be a tariff beneficiary
- Jim Chanos is doing an aggressive long and short trade involving MicroStrategy and bitcoin
- Leveraged Loan V-Shaped Recovery Backed by Return of Funds
- China Pauses Dual-Use Export Curbs Targeting US Firms
- Fidelity Adds US Stocks After ‘Pivotal’ Trade Truce With China
- Costa Rica Seeks $1.5 Billion Flexible Credit Line From IMF
- Baupost Buys Fidelity National, Cuts Liberty Global: 13F
- Brazil mulls yuan bonds as Lula pushes currency alternatives to dollar dependence
Keep an eye on :
Keep an eye on :
- ATS AV : AT&S Cuts 2026 Ebitda Margin Forecast
- ALV GY : Allianz 1Q Operating Profit Meets Estimates, AllianzGI CEO Would Consider Deals to Grow Private Market Assets
- ANA SM : Acciona Sees FY Ebitda EU2.70B to EU3.00B, Est. EU2.74B
- AGR LN : Assura FY EPRA Net Tangible Assets per Share Beats Estimates
- AGR LN : Assura FY EPRA Net Tangible Assets per Share Beats Estimates
- AUSS NO : Austevoll Seafood 1Q Revenue NOK9.81B
- AVOL SW : Avolta 1Q Organic Revenue +5.3%
- BN CN : Brookfield nears €800mn deal for European hostel chain Generator Group
- BRBY LN : Burberry Sheds Jobs, Handbag Bling as CEO Seeks Return to Roots
- 1211 HK : +3.52%
- CAMX SS : Camurus 1Q Operating Profit Beats Estimates
- CEC GY : Ceconomy 2Q Ebit Misses Estimates
- DE US : Deere Profit Seen Down With Tractor Sales Pressured: Preview
- DMP GY : Dermapharm 1Q Adjusted Ebitda EU81.3M Vs. EU88.7M Y/y
- DBK GY : Deutsche Bank to Sell Coller Secondary PE Fund to Wealth Clients
- DTE GY : Deutsche Telekom 1Q Adjusted Ebitda After Leases Beats Estimates
- DNO NO : DNO 1Q Revenue Misses Estimates
- DOV IM : doValue 1Q Gross Rev. EU141.4M Vs. EU97.1M Y/y
- ENG SM : Enagas Completes Sale of Stake in La Marina Station in Mexico
- ENAV IM : Enav Shares Drop as 1Q Loss Widens on Seasonality
- ENG SM : Enagas Completes Sale of Stake in La Marina Station in Mexico
- ENAV IM : Enav Shares Drop as 1Q Loss Widens on Seasonality
- ENGI FP : Engie 1Q Ebit Excluding Nuclear Beats Estimates
- ENI IM : Eni Signs Exclusivity Agreement With Ares for 20% of Plenitude
- ETO US : EToro IPO Nets Spark Capital $530 Million Gain From Early Bet
- RF FP : Eurazeo Assets Under Management EU36.77B Vs. EU34.44B Y/y
- ENX FP : Euronext 1Q Adjusted Ebitda Beats Estimates, EuronexLXSt Revenue Boosted by Market Volatility to Hit Record
- ENX FP : Euronext 1Q Adjusted Ebitda Beats Estimates, EuronexLXSt Revenue Boosted by Market Volatility to Hit Record
- ENX FP : Euronext Showing Good Momentum, Consensus May Rise: Street Wrap
- SFER IM : Ferragamo 1Q Revenue Misses Estimates, Ferragamo’s Current Trading Soft, Has ‘Work Ahead’
- FL US : Dick’s Sporting Goods Is Said to Near Deal for Foot Locker
- FRVIA FP : Forvia Mulls Sale of Lifecycle Solutions Unit: Manager Magazin
- GE US : GE Aerospace, Qatar Airways Sign Deals for 400+ Engines
- GLEN LN : Li-Cycle, Glencore Agree to Stalking Horse Pact, DIP Facility
- GLJ GY : Grenke 1Q Net Income EU10.2M Vs. EU19.8M Y/y
- HHFA GY : Hamburger Hafen 1Q Ebit EU32.5M Vs. EU17.4M Y/y
- HEX NO : Hexagon Composites 1Q Ebitda Misses Estimates
- IVG IM : Iveco 1Q Adjusted Ebit Misses Estimates
- KBC BB : KBC 1Q Net Interest Income Matches Estimates, KBC Bank Agrees to Acquire Over 98% in Slovakia’s 365.bank
- KESKOB FH : Kesko April Sales From Continuing Operations EU1.07B
- LXS GY : Greenlight David Einhorn notes long Lanxess at Sohn conference
- LSG NO : Leroy 1Q Revenue Misses Estimates
- MDM FP : Maisons du Monde 1Q Sales EU221.4M Vs. EU248.4M Y/y
- ALMCP FP : McPhy to Be Subject to Judicial Liquidation Due to Takeover
- MEKO SS : Meko 1Q Ebit SEK161M Vs. SEK146M Y/y
- MBG GY : Austrac Orders Audit of Mercedes Benz Financial Services Unit
- MRK GY : Merck KGaA Cuts FY Adjusted Ebitda Forecast
- MSFT US : EU Regulators Set to Accept Microsoft’s Office-Teams Offer: Rtrs
- MLP GY : MLP 1Q Ebit EU37.8M Vs. EU37.0M Y/y
- PIRC IM : Pirelli 1Q Adjusted Ebit Beats Estimates, Pirelli’s Talks With Sinochem Over US Were Unsuccessful
- 1913 HK : Prada -2.47%
- PSM GY : ProSieben 1Q Adjusted Ebitda Misses Estimates
- RWAY IM : RAI Way Drops as Increased Depreciation Weighs on 1Q Earnings
- RWE GY : RWE 1Q Adjusted Ebitda Beats Estimates, RWE Says Weak Trading Performance Weighed on First Quarter, RWE Says Open to Cutting Spending Further, Raising Buybacks
- SAN FP : Sanofi to Invest at Least $20b in US Through 2030
- SIE GY : Siemens’ Revenue Rises on China Factory Automation Rebound (1)
- SIFG NA : SIF Holding Names Boudewijn Van SchaïK CFO
- SRG IM : Snam Names Agostino Scornajenchi as CEO and General Manager
- SLBEN PL : Lenore Sports Buys Stake in Portuguese Football Club Benfica
- SPSN SW :
- SYENS BB : Syensqo 1Q Net Sales Beat Estimates
- TLX GY : ProSieben 1Q DACH Advertising Revenue Meets Estimates
- TEG GY : TAG Immobilien FY FFO/Share Forecast Misses Estimates
- 700 HK ; Tencent Rises; Sales Beat Offers Growth Visibility
- TKA GY : Thyssenkrupp Holds Guidance Despite Slump in Earnings, Cash
- TTE FP : Nigeria in Talks W/Petrobras for Deep Water Exploration: Reuters
- UBI FP : Ubisoft FY Net Bookings Misses Estimates
- UCG IM : UniCredit Sends Letter to New German Government Offering Talks
- VK FP : Vallourec 1Q Ebitda Beats Estimates
- VARO US : Varo Energy Makes Bid for Corral Stake: Morocco Antitrust Body
- WBD IM : Webuild Logs EU5b Orders YTD, Maintains FY Revenue Outlook