Asian stocks rose, following a rally in several large US tech shares that drove Wall Street to another record high. All major Asia benchmarks climbed, led by Japan, Australia and South Korea. The S&P 500 has now set 30 all-time highs this year, defying concern about narrow breadth that may make the market more vulnerable to surprises. Asia chip stocks were among the bigggest contributors to gains in the MSCI Asia Pacific index. Shares of Tesla China suppliers advanced after news the electric-car maker had gained approval to test its advanced driver-assistance system on some Shanghai streets. In South Korea, shares of SK Hynix Inc. rose to a 24-year high as an analyst said the chipmaker may see upward revisions to its future earnings consensus. Australia’s central bank will keep its benchmark interest rate at a 12-year high of 4.35% for a fifth straight meeting Tuesday, according to a Bloomberg survey of economists. The nation’s 10-year bond yield climbed two basis point to 4.13%. The Australian dollar halted a three-day decline ahead of the decision. Hong Kong said it will allow trading to continue during typhoons from Sept. 23. Ahead of Wednesday’s holiday in the US, traders geared up for retail-sales data and a slew of Federal Reserve speakers. Treasuries ticked higher in Asia after falling Monday amid a flurry of high-grade corporate bond sales that exceeded $21 billion. The dollar was little changed. The US benchmark index topped 5,470 Monday, with Tesla Inc. and Apple Inc. leading gains in megacaps. The Nasdaq 100 came closer to the 20,000 mark as Micron Technology Inc. climbed to a record after some firms raised their targets. Optimism over a resilient economy, improving corporate earnings and the potential start of rate cuts have pushed US equities up about 15% this year. Fed Bank of Philadelphia President Patrick Harker said he sees one rate cut as appropriate for this year based on his current forecast. Investors will keep a close watch on the implications of Beijing’s latest move in its trade tensions with Brussels, after China launched an anti-dumping probe on pork imports from the European Union. That comes as the bloc looks at Chinese subsidies across a range of industries and will impose tariffs on electric car imports from July. In commodities, oil held the biggest advance in a week as risk-on sentiment in wider markets overshadowed a mixed outlook for crude. Gold was little changed. US After Hours LZB +10.7% energetic response to AprQ results; CHGG +23.1% soaring on restructuring news; LEN -1.6% slipping following MayQ results.
Nikkei +0.75% Hang Seng -0.18% CSI +0.07% Shanghai +0.29% Shenzen +0.42%
Eur$ 1.0725 CNH 7.2712 CNY 7.2556 JPY 157.64 GBP 1.2698 CHF 0.8895 RUB 88.8038 TRY 32.8531 WTI$ 80.19 -0.17% Gold 2,323.80 +0.20% BTC 65,480 -1.35% ETH 3;440 -3.10%
S&P +0.02% Nasdaq -0.02% EuroStoxx +0.74% FTSE +0.42% Dax +0.61% SMI +0.35%
Macro :
- Tether Announces a New Synthetic Dollar That Is Backed by Gold
- Hedge Funds Turn Cautious as Wall Street Strategists Get Bullish
- Uninsured Americans Dropped by One-Quarter Over Five Years
- England’s Hospital Finances Are Broken — and No Party Has a Cure
- Putin to Visit North Korea, Vietnam as War in Ukraine Stalls (2)
Keep an eye on :
Keep an eye on :
- ADP FP : ADP May Passenger Traffic +8.4%
- ALO FP : Alstom Books A New Order in Europe of Around €670M
- ASM NA : Samsung GAA Chip Setback May Pose Limited Impact to ASMI: React
- ATUS US : Altice USA Creditors Close to Signing 18-Month Pact on Debt
- BA US : Boeing CEO to Tell Congress It Hears Safety Concerns: Reuters
- BA US : Boeing's CEO Search Hits Some Turbulence -- WSJ
- CFR SW ; Yoox Net-a-Porter exits China to focus on more profitable markets
- CVC NA : Brookfield-Led Group Buys Stake in Dubai School Operator GEMS
- EDP PL : EDP Completes Sale of Its Stake in Energia Asia for About €100m
- EVK GY : Evonik Gets Positive Catalyst Watch at Citi on Earnings Momentum
- FSRN US : Troubled Electric Vehicle Maker Fisker Files for Bankruptcy
- 4348 JP : Blackstone to Buy Japan E-Comic Company Infocom for $1.7 Billion
- ISP IM : Intesa Suspends Transfers in Euro in Russia: Frank Media
- DEC FP : JCDecaux’s IGPDecaux Gets Contract for Rome Metro, Buses, Trams
- KOMN SW : Komax Sees FY Revenue Down ~20%, Modestly Positive Ebit
- MRK US : Merck Wins FDA Approval for Capvaxive Pneumococcal Vaccine
- NEE US : NextEra to Sell $2 Billion of Equity for Renewable Projects
- NSISB DC : Novonesis Sees FY Adj. Ebitda Margin 35% to 36%, Saw About 35%
- PDX SS : Paradox Interactive Cancels Release of Game Life by You
- REC IM : KKR, TPG Said to Express Interest in Drugmaker Recordati
- RESURS SS : Resurs’s Board Supports SEK23.50/Share Offer From CVC, Waldakt
- SCHA NO : Schibsted to Enter Employee Talks on Estimated 250 Positions
- SCHP FP : Séché Environnement Agrees to Buy Singapore’s ECO
- SCHP FP : Séché Environnement Agrees to Buy Singapore’s ECO
- SHEL LN : Some Colonial Pipeline Owners Explore Selling Their Stakes: Rtrs
- SYS-DAT IPO : SYS-Dat Sets IPO Price Range at €3.20-3.80 Per Share
- TEP LN : Telecom Plus FY Revenue Misses Estimates, Technip Energies JV Signs Services Agreement in Kazakhstan
- TEL NO : Telenor Expands Collaboration With AWS for Sovereign Cloud
- VAR NO : Var Energi Extends Gas Sales Pact With VNG for 12 Years
- VIV FP : Havas Plans €400m Investment in AI, Data Initiatives: FT
- WTB LN : Whitbread 1Q Comparable Sales -1%