Stocks in Asia advanced following better-than-expected Chinese economic data and after the central bank took further measures to support the struggling economy. Shares in mainland China edged higher after industrial production and retail sales data beat estimates, adding to evidence earlier stimulus measures are starting to have an effect. The Australian dollar and Chinese yuan both strengthened. Equities in Australia, Japan, South Korea and Hong Kong also gained following a rally in US stocks Thursday. The People’s Bank of China kept the interest rate on its one-year medium-term lending facility unchanged and added further cash into markets via a key policy loan for the 10th month to help loosen conditions, a day after it announced another cut to lenders’ reserve requirements. China’s policy strategy appears to be one that puts forward an orchestra of measures within a short period of time in order to achieve some amplified impact, she said. Arm Holdings Plc jumped 25% in its trading debut in New York, while Ford Motor Co. and General Motors Co. underperformed, with Detroit carmakers facing the threat of a strike. Traders also braced for Friday’s triple witching options event — which has the potential to trigger volume spikes and volatility. The dollar edged lower versus most major peers and the Bloomberg dollar index is set to snap eight weeks of gains. The euro remains near a five-month low after the European Central Bank likely hiked for a final time and downgraded growth forecasts on Thursday. US Treasury yields edged lower in Asia. In commodities, oil’s rally above $90 a barrel is the latest milestone in a surge driven by output cuts from Saudi Arabia and Russia amid record global consumption and follows reports this week warning of tightness in the coming months. Futures advanced Friday, but with prices soaring more than 30% since late June, traders are bracing for a potential pullback. US After Hours NUE -3.3% falls on guidance; LEN -0.9%, ADBE -0.8% slightly lower on earnings.
Nikkei +1,01% Hang Seng +1,08% CSI -0,70% Shanghai -0,37% Shenzen -0,34%
Eur$ 1.0651 CNH 7.2690 CNY 7.2609 JPY 147.43 GBP 1.2425 CHF 0.8955 RUB 96.7953 TRY 26.9420 WTI$ 90.92 +0.84% Gold 1,916 +0.80% BTC 26,628 +0.20% ETH 1,633 +0.30%
S&P +0,20% Nasdaq +0,23% EuroStoxx +0,68% FTSE +0,45% Dax +0,60% SMI +0.32%
Macro :
- Vestager Makes Spain Trip in Bid for EIB Top Job
- SocGen Strategists Prefer US Assets on Delayed Recession
- Biden Spoke With UAW, Automakers’ Leaders on Ongoing Labor Talks
Keep an eye on :
Keep an eye on :
- AF FP : Air France-KLM Begins Formal Process for New Widebody Jets
- ARM US : *ARM HOLDINGS JUMPS 25% FROM IPO PRICE IN TRADING DEBUT
- BAYN GY : Bayer’s New CEO Anderson Plans to Cut Management Jobs: Reuters
- BAYN GY : Bayer’s New CEO Anderson Plans to Cut Management Jobs: Reuters
- BP/ LN : BP chair rules himself out as next chief executive
- 2007 HK : Country Garden Delays Yuan Bond Extension Vote to Monday
- O5G GY : S Immo May Buy Czech Commercial Properties From Parent CPI
- DTE GY : T-Mobile in Talks to Make Big Broadband Bet With Move Into Fiber
- DIS US : Disney Says No Decision on Selling ABC, Open to Options
- DIS US : Byron Allen Makes $10 Billion Bid for ABC, Other Disney Networks
- HEIA NA : Heineken Mexico to Invest EU430M for Brewery in Yucatán
- LNZ AV : Lenzing Cuts FY Ebitda Outlook to EU270m-EU330m, Est. EU323.2m
- MC FP : Luxury Site Mytheresa Jumps as a Bet on the Ultra-Rich Pays Off
- NOVN SW : Novartis: Patients on Kisqali Maintain Quality of Life
- SIKA SW : Sika Proposes Thierry Vanlancker as New Chair of Board
- SPI AV : S Immo May Buy Czech Commercial Properties From Parent CPI
- GLE FP : SocGen Open to Sale of Equipment Finance Unit: Reuters
- SONG LN : Hipgnosis Shares Drop After Deal to Sell Songs for $465 Million
- STLA IM : GM, Ford, Stellantis, Suppliers Lower as Auto Strike Looms Large
- THG LN : THG Holder Kelso Says Lack of Strategy Update Is ‘Disappointing’
- TTE FP : *TOTAL IS SAID IN TALKS TO INVEST IN ADANI GREEN’S PROJECTS
- TCEL TI : Turkcell Confirms Bulent Aksu Named as CEO
- UBSG SW : UBS Cuts About a Dozen US Bankers Amid Credit Suisse Integration
- VLN CN : France Weighs Stakes in Nuclear Suppliers to Avert US Takeovers
- DG FP : Vinci May Help Hungary to Buy Budapest Airport: VSquare