Stocks jumped Thursday on a surge in Chinese technology shares and as traders digested the Federal Reserve’s view that a robust U.S. economy can weather the campaign against high inflation now underway. Asia-Pacific equities rose over 3%, with China’s effort to stabilize markets, unveiled a day ago, boosting Hong Kong and yen weakness spurring Japan. U.S. futures fluctuated after the S&P 500’s best two-day advance since 2020. Possible progress on Russia-Ukraine cease-fire talks is also helping sentiment. The Fed raised rates by a quarter percentage point and signaled hikes at all six remaining meetings in 2022. Chair Jerome Powell said the U.S. economy is “very strong” and can handle monetary tightening. Treasuries advanced, while a portion of the bond curve -- the gap between five- and 10-year yields -- inverted for the first time since March 2020. For some, the latter highlights a growing risk that the Fed’s efforts to rein in inflation could trigger an economic downturn. The dollar was steady and the yen hovered near a six-year low. Oil snapped a three-day drop but remains down more than 10% for the week. After the latest round of peace talks, a Russian spokesman said a neutral Ukraine with its own army is a possible compromise, while Kyiv said it needs security guarantees. President Joe Biden said the U.S. would send Ukraine drones and thousands of anti-aircraft and anti-tank missiles. US After Hours PD +12.6%, WSM +6.1%, EDR +5.7%, SMTC +4.2%, GES +2.5% higher on earnings; CLB -5.2% falls on weak guidance
Nikkei +3.46% Hang Seng +5.13% CSI +2.25% Shanghai +1.49% Shenzen +2.35%
Eur$ 1.103 CNH 6.3631 CNY 6.3507 JPY 118.76 GBP 1.3159 CHF 0.9401 RUB 97.15 TRY 14.7108 WTI$ 96.70 +1.75% Gold 1,933.75 +0.32% BTC 40,900 -0.88% ETH 2,750 -0.65%
S&P +0.17% Nasdaq +0.39% EuroStoxx +0.55% FTSE +0.12% Dax +0.46% SMI +0.51%
Macro :
- Gundlach Thinks A Recession’s Likely in 2023
- U.S. Is Sending Dive-Bombing Switchblade Drones to Ukraine
- Germany Weighs Norway Hydrogen Pipeline to Avoid Russian Energy
- Odey’s Emerging Markets Manager Leaves a Year After Joining
- China Expected to Follow Up Easing Pledge With Concrete Steps
Keep an eye on :
- 1U1 GY : 1&1 FY Ebitda Meets Estimates
- ADEN SW : Adecco Group Launches Mandatory Offer for Akka Technologies
- ADP FP : Paris Airports Had 4.5M Passengers in Feb., Up by 3.3M: ADP
- AED BB : Aedifica to Spend EU32M on Irish Care Home Project for Bartra
- AIR FP : Airbus Has Eye on Atos’s Cybersecurity Unit: BFM Business (1)
- AKA FP : Adecco Group Launches Mandatory Offer for Akka Technologies
- ANTIN FP : JPMorgan, Brookfield Weigh Bids for Antin’s Lyntia: Confidencial
- ATEB BB : Atenor to Sell Up to EU55m 6-Year Green Bonds in Retail Offering
- ATO FP : Airbus Has Eye on Atos’s Cybersecurity Unit: BFM Business
- AR4 GY : Aurelius FY Oper Ebitda EU249.7M Vs. EU167.6M Y/y
- CTT PL : CTT FY Net Income EU38.4M Vs. EU16.7M Y/y
- EDF FP : EDF Signs for 10.25 Billion Euros of Banking Facilities
- ERICB SS : Ericsson’s New Legal Boss Can Fix ‘Derailed Situation,’ Says SHB
- FLS DC : FLSmidth Investigated for Possible Sanction Breach, Finans Says
- GLEN LN : Glencore Sells Copper Mine to Metals Acquisition for $1.1B: AFR
- GLJ GY : Grenke Dividend per Share Beats Estimates
- HABA GY : Hamborner REIT Sees 2022 Rental Income EU84.0M to EU86.0M
- INS GY : Instone Real Estate FY Adjusted Revenue Misses Estimates
- BZER SW : Julius Baer to Redeem Perpetual Tier 1 Sub Bonds on April 20
- MIPS SS : MIPS Says China Lockdowns Have Limited Financial Impact So Far
- PHARM NA : Pharming FY Revenue Misses Estimates
- RLF SW : Relief’s APR: Sentinox Final Data Didn’t Meet Primary Endpoint
- ROG SW : Roche Has Molecular Testing Solutions for Omicron Variants
- SFQ GY : SAF-Holland SE Sees 2022 Sales EU1.15B to EU1.3B
- SPM IM : Saipem Wins Offshore Drilling Contract From Aker BP Worth $325m
- SAO GY : SAP CEO Defends Keeping Existing Russia Business: Rhein-Neckar
- STLA IM : Stellantis Launches EU300m Venture Fund to Invest in Startups
- SUSE GY : SUSE 1Q Adjusted Ebitda $52.3M Vs. $60.7M Y/y
- UHR SW : Swatch Confirms Forecast for FY Double-Digit Sales Growth
- SQN SW : Swissquote FY Pretax Profit CHF223.3M Vs. CHF105.6M Y/y
- SREN SW : Swiss Re to Propose Regular Div of CHF 5.90/Shr
- TKA GY : Thyssenkrupp Suspends Forecast Citing Ukraine Invasion, Says Steel Spinoff Is Uncertain Amid War in Ukraine
- TTE FP : TotalEnergies to Cut Fuel Costs at French Stations by 10 Cents
- UBSG SW : KKR Secures Deal to Buy Mitsubishi-UBS Joint Real Estate Unit
- UTDI GY : United Internet FY Ebitda Misses Estimates
- VIE FP : Veolia Sees 2022 Organic Ebitda +4% to +6%
- DG FP : Vinci Autoroutes February Traffic Rises 19%
- VOS GY : Vossloh Sees 2022 Ebit Margin 7.5% to 8.5%