Asian stocks rose Tuesday amid a jump in some technology firms and as investors assessed China’s efforts to stamp out Covid. An Asian share index rose for a third day -- it’s longest winning streak since mid-March. US and European futures bounced back after a Wall Street drop. China’s tech companies jumped on optimism Beijing may ease up on a yearlong clampdown following a meeting between regulators and corporate giants. Meanwhile, Shanghai reported three days of zero community transmission, a milestone that could lead officials to start unwinding a punishing lockdown. Flareups elsewhere in China showed how hard it is to tackle the omicron strain. A challenging global economic outlook amid elevated food and fuelcosts and tightening monetary settings continues to shape sentiment. Oil has jumped to about $114 a barrel and an index of agricultural prices is at a record high. Treasury yields climbed and the dollar held a retreat. Cryptocurrencies weathered the latest stablecoin turbulence, leaving Bitcoin near $30,000. US data Monday showed New York state manufacturing activity unexpectedly shrank in May for the second time in three months. That followed Chinese figures revealing a collapse in economic activity due to Covid-linked curbs.
The economic reports have fanned concerns of a downturn in the global economy alongside persistent price pressures that are forcing the Federal Reserve and a slew of other central banks to tighten monetary policy. US After Hours UAL +3.2% gets more bullish on Q2 outlook; SSYS +3.7%, TTWO +3.5% higher on earnings; GLBE -27% falls on earnings
Nikkei +0,34% Hang Seng +2,35% CSI +1,15% Shanghai +0,55% Shenzen +0,61%
Eur$ 1,0443 CNH 6,7832 CNY 7,7753 JPY 129,38 GBP 1,2342 CHF 1,0014 RUB 64,1250 TRY 15,6332 WTI$113,69 Gold 1,824,90 BTC 30,270 +1,2% ETH 2,070 +1,6%
S&P +0,50% Nasdaq +0,79% EuroStoxx +1,03% FTSE +0,55% Dax +1,02% SMI +0,52%
Macro :
- UK Plc and Energy Firms Set to Lead Rise in Activism, A&M Says
- Swiss Market Is Outperforming, But Not Like a Convincing Haven
- Bitcoin Edges Past $30,000 as Traders Assess Stablecoin Fallout
Keep an eye on :
- ACTI SS : Active Biotech Granted FDA Orphan Drug Status for Tasquinimod
- ADJ GY : Adler Looking at Ways to Prop Up Consus Unit as Impairments Loom
- AIR FP : Boeing’s Top Chinese Customer Removes 737 Max From Fleet Plans
- ARAMI FP : Aramis 1H Adjusted Revenue EU872.6M Vs. EU591.8M Y/y
- AGR LN : Assura Delays Full Year 2022 Results Announcement to May 24
- BCP PL : BCP 1Q Net Income EU112.9M Vs. EU57.8M Y/y
- CABK SM : CaixaBank Targets Generating Capital of About EU9B in Plan
- CABK SM : CaixaBank Board Agreed to Approve, Start Buyback of Up to EU1.8b
- CA FP : Germany’s Flink Buys Carrefour-Backed Cajoo; No Terms
- CLN SW : Clariant Governance Pact With Sabic to Expire After June 24 AGM
- DTG GY : Daimler Truck Boosts FY Revenue Forecast, Beats Estimates
- EPIC IPO : Epic Suisse Sets Price Range For Swiss IPO At CHF67-CHF77/Shr
- EVT GY : Evotec, Sernova Partner for Diabetes Cell Replacement Therapy
- FCT IM : Fincantieri Names Pierroberto Folgiero as CEO
- GYC GY : Grand City Properties 1Q FFO I EU48.4M Vs. EU46.8M Y/y
- HBH GY : Hornbach Sees FY Adj. Ebit `Slightly' Below Previous Year Level
- OERL SW : Oerlikon Targets About CHF3.5b Annual Sales by 2026
- PIRC IM : Camfin, Chemchina Renew Pirelli Shareholder Pact
- RNO FP : Renault CEO Doesn’t Rule Out Nissan Merger: TV Tokyo (May 16)
- S93 GY : EU Plan Could See Solar Panels on All New Buildings: FT
- SBBB SS : SBB CEO Says Rent Levels in Sweden Can’t Go Lower
- SOON SW : Sonova FY Sales Beats Estimates
- STORB SS : Storskogen 1Q Sales Beats Estimates
- TSLA US : Tesla Shanghai Output Reaches 45% of Capacity as Shutdown Eases
- TWTR US : Musk May Sell SpaceX Shares to Fund Twitter Deal: New York Post
- UCG IM : London’s Parvus Raises UniCredit Stake to 5%
- UN01 GY : Uniper Faces Credit Cutoff After Rating Downgrade Over Russia
- VOD LN : Vodafone Sees 2023 Adjusted Ebitda After Leases EU15B to EU15.5B