Stocks in Asia rose alongside US share futures, adding fuel to a global equity rally that appeared to shrug off the prospect of higher interest rates following strong economic data from the US. Equities in Australia, South Korea, Japan and China gained ground, pushing a gauge of the region’s stocks toward its best day in a month. The advance for Hong Kong shares snapped a four-day run of declines as JD.com Inc., Tencent Holdings Ltd. and Alibaba Group Holding Ltd rose. Equity futures for Europe and US benchmarks also gained after the S&P 500 climbed 0.3% to close at its session high Wednesday while the Nasdaq 100 ended the day 0.8% higher. The dollar fell against all G-10 currencies while the yen strengthened. The Australian dollar edged higher after initially tumbling on a surprise rise in the jobless rate, indicating higher interest rates are taking a toll on the economy. The news pared an advance in Australian bond yields. Benchmark 10-year US Treasury yields were moderately lower after increasing six basis points on Wednesday.
Gains for US stocks on Wednesday came after the release of robust economic data that will likely compel a hawkish Fed response. US retail sales in January jumped by the most in almost two years and homebuilder sentiment rose in February by the most since mid-2020. The rally in risk assets helped propel higher some of the most speculative corners of the market. A Goldman Sachs Group Inc. benchmark of non-profitable tech companies rose 4.4% and is up almost 30% this year. Bitcoin rose further after jumping 8.7% Wednesday, the most in three months, to reach the highest level since August. The rally in risk assets helped propel higher some of the most speculative corners of the market. A Goldman Sachs Group Inc. benchmark of non-profitable tech companies rose 4.4% and is up almost 30% this year. Bitcoin rose further after jumping 8.7% Wednesday, the most in three months, to reach the highest level since August. US After Hours Busy earnings night; CYH +19.1%, TWLO +12.1%, ROKU +10.6%, ZG +3.2%, CSCO +3% higher on earnings; QS -14.2%, RNG -10.7%, SHOP -10.4%, NUS -10.3%, SAM -9.7%, TRUP -7.9% lower on earnings; EBS +12.3% pops on FDA decision.
Nikkei +0.77% Hang Seng +1.87% CSI +0.64% Shanghai +0.48% Shenzen +0.04%
Eur$ 1.0707 CNH 6.8623 CNY 6.8522 JPY 133.87 GBP 1.2042 CHF 0.9225 RUB 74.6577 TRY 18.8524 WTI$ 79.31 +0.93% Gold 1,837 +0.05% BTC 24,656 +1.97% ETH 1,692 +1.59%
S&P +0.10% Nasdaq +0.23% EuroStoxx +0.37% FTSE +0.36% Dax +0.32% SMI +0.18%
Macro :
- Binance Expects to Pay Penalties to Resolve US Probes: WSJ
- China Urges France to Help on Tech Amid ‘Adverse Currents’
- ‘50 Cent’ VIX Trader Returns as Volatility Hedging Back in Vogue
Keep an eye on :
Keep an eye on :
- ADP FP : ADP Jan. Passenger Traffic +68.7%, ADP FY Ebitda Beats Estimates
- AIR FP : Airbus Names Covestro CFO Thomas Toepfer as Finance Chief
- AIR FP : Airbus Delays A320 Production Target of 75/Month to 2026
- ALMA FH : Alma Media 4Q Adjusted Operating Profit Misses Estimates
- ARCAD FP : Arcadis 4Q Net Revenue EU861M Vs. EU652M Y/y
- ASML NA : ASML Data Stolen From Technical Repository for Chip Machines
- ATO FP : Atos Gets Indicative Airbus Offer to Buy 29.9% Evidian Stake
- ATO FP : Airbus Ready to Make Bid for Stake in Atos’s Cyber Unit: Echos
- NDA GY : Aurubis Invests €120M to Expand Tankhouse in Bulgaria
- AUTO NO : Autostore 4Q Adjusted Ebitda Beats Estimates
- BORR NO : Borr Drilling 4Q Adjusted Ebitda Beats E7stimates
- BP/ LN : BP Plans to Invest $1B in EV Charging Across US by 2030
- CARM FP : Carmila FY Ebitda Beats Estimates
- CBK GY : Commerzbank Beats on Net Income, Lifts 2023 Profit Guidance
- COPN SW : Cosmo FY Dividend per Share EU1.05
- 1COV GY : Covestro CFO Toepfer to Depart, Says to Become Airbus CFO
- CSGN SW : Credit Suisse Exits Distressed-Debt Trading as Bank Cuts Risk
- CSGN SW : *CREDIT SUISSE SAYS HAS PAID $210M TO BILLIONAIRE IVANISHVILI (Former Georgia Prime Minister)
- EVD GY : CTS Eventim Prelim FY Normalized Ebitda EU384M
- DSM NA : DSM 4Q Adjusted Ebitda Meets Estimates
- EDF FP : EDF Renewables Acquires Australian Offshore Wind Project
- ENG SM : Enagas Says EU75m Deal for 20% of BBL Pipeline Won’t Take Place
- GFC FP : Gecina FY Gross Rental Income Misses Estimates
- GSF NO : Grieg Seafood 4Q Ebit Beats Estimates
- GRF SM : Grifols Announces Efficiency Drive to Seek €400m Cost Savings
- GRF SM : Grifols Targets €400m Savings With Plan to Cut 8% of Workforce
- HEIA NA : Heineken Notes Femsa’s Intention to Divest Stake
- HEX NO : Hexagon Composites 4Q Revenue Beats Estimates
- HOLN SW : Holcim to Buy FDT Flachdach Technologie
- IPS FP : Ipsos Sees 2023 Organic Revenue About +5%
- ITH LN : UK Watchdog Sued by ClientEarth for Approving Ithaca IPO Plans
- KYGA ID : Kerry Group Sees 2023 Adj. EPS in Constant Currency +3% to +7%
- KIN BB : Kinepolis FY Revenue Misses Estimates
- LI FP : Klepierre FY Group NCCF/Shr Beats Estimates
- MMB FP : Lagardere FY Revenue Beats Estimates
- LHA GY : Lufthansa’s Global Fleet Grounded by Just Four Snapped Cables
- LHA GY : Germany’s Largest Airports to Halt Passenger Flights Amid Strike
- MEKKO FH : Marimekko 4Q Net Sales Misses Estimates
- META US : Meta Boosts Annual Allowance for Zuckerberg Security to $14m
- MBTN SW : Meyer Burger Awarded Certification That’s Key to UK Expansion
- NESN SW : Nestle Sees 2023 Organic Revenue +6% to +8%, Est. +5.52%
- NN NA : NN FY Operating Profit Misses Estimates
- NAS NO :Norwegian Air 4Q Operating Revenue Beats Estimates
- NYF SS : Nyfosa 4Q Total Income SEK848M Vs. SEK672M Y/y
- ORA FP : Orange 4Q Ebitda After Leases Meets Estimates
- ORA FP : Orange Revenue Beats Estimates As Firm Unveils New 2030 Strategy
- OKDBV FH : Oriola 4Q Net Sales Meets Estimates
- QTCOM FH : QT Group 4Q Operating Profit Beats Estimates
- REACH NO : Reach Subsea Offering of 29.4m Shares Prices at NOK4.25/Share
- RNO FP : Renault Sees Rising Returns on Record Orders
- RIO LN : Rio Tinto, Marubeni Tie Up on Aluminum Supply Chains
- SHOT SS : Scandic 4Q Net Sales Beats Estimates
- SU FP : Schneider Electric 4Q Organic Revenue Beats Estimates
- SU FP : *SCHNEIDER ELECTRIC NAMES PETER HERWECK CEO
- ENR GY : Akkuyu Plant May Face Issues With German Equipment: Kommersant
- SINCH SS : Sinch 4Q Ebitda Misses Estimates
- SIP BB : Sipef FY Revenue Beats Estimates
- STAN LN : Aditya Birla to Sell up to 49% Stake in Renewables Arm: Mint
- STAN LN : Standard Chartered 4Q Adjusted Pretax Profit Misses Estimates
- STORB SS : Storskogen 1Q Ebit Misses Estimates
- SREN SW : Turkey-Syria Earthquake's $20 Billion Insurance-Protection Gap
- TKTT FP : Tarkett FY Net Loss EU26.8M Vs. Profit EU15.1M Y/y
- TRE SM : Tecnicas Wins Favorable Rulings for Tax Settlement Claim
- TEN IM : Tenaris 4Q EPS Beats Estimates
- TFI FP : France Télévisions, M6, TF1 to Close and Liquidate Salto
- TKO FP : Tikehau Gets €400m Investment From Families Behind AB Inbev: FT
- UMI BB : Umicore 2H Adjusted Ebit Beats Estimates
- UN01 GY : Enagas Says EU75m Deal for 20% of BBL Pipeline Won’t Take Place
- VLA FP : Valneva FY Revenue Beats Estimates
- VASTN NA : Vastned FY Gross Rental Income Beats Estimates
- VRLA FP : Verallia FY Revenue Matches Estimates
- VOD LN : Vodafone Is Said to Explore Options for $14 Billion African Unit