Asian stocks climbed Thursday on the Federal Reserve’s projections for interest rates to remain near-zero through 2023. U.S. Treasury yields resumed their rise and the dollar held a decline.
MSCI Inc.’s Asia-Pacific index advanced about 1%. The S&P 500 hit a record overnight as Fed Chairman Jerome Powell reiterated the central bank’s tolerant stance on inflation and the recent rise in bond yields. U.S. equity futures erased earlier gains. The Australian dollar outperformed most major currencies on a strong jobs report.
Japan’s government bond yields lifted on a Nikkei report that the Bank of Japan is considering widening the trading range around the 10-year target, which could spur concerns about policy tightening.
US After Hours UPST +46.5%, WSM +12.5%, AOUT +10.2%, FIVE +6.1% up big on earnings; GEVO -5.8%, PD -4.8%, RIDE -3.3% fall on earnings
Nikkei +1.01% Hang Seng +1.56% CSI +0.42% Shanghai +0.28% Shenzen +0.57%
Eur$1.1971 CNH 6.4937 CNY 6.4952 JPY 108.89 GBP 1.3968 CHF 0.9230 RUB 73.5637 TRY 7.4967 WTI$ 64.26 -0.53% GOLD 1,751 .10 +0.33% BTC 58,850 +3300
S&P +0.13% Nasdaq +0.23% EuroStoxx +0.62% FTSE +0.41% Dax +0.81% SMI +0.52%
Macro :
- Convertible Bonds in Europe See Best Start Since 2013: ECM Watch
Spacs :
- Apollo SPAC, Vista Are Said to Halt $15 Billion Merger Talks
- Blank-Check Firm Backed by Alan Mnuchin Files for $400M IPO
Keep an eye on :
- AIR FP : Embracer Orders Below SEK210 Risk Missing Out: Terms
- ACE SS : Ascelia Pharma Offers SEK200m Shares, Ascelia Pharma Offering of 5m Shares Prices at SEK40/Share
- BMPS IM : Paschi Highlights Significant Uncertainty over Capital Raising
- AAPL US : Apple Nears Launch of New IPads After Stay-at-Home Sales Boost
- BEN FP : Beneteau Sees FY21 Income Ordinary Operations Up By Over 60%
- BP/ LN : BP Is Said to Field Final Offers for North Sea Energy Assets
- CAI AV : Aggregate Is Said to Decide Against Counterbid for CA Immobilien
- CA FP : Couche-Tard 3Q Adjusted EPS Misses Estimates
- CO FP : Casino Is Said to Weigh Paris IPO for Renewable Arm GreenYellow
- COTN SW : Comet FY Dividend Per Share Beats Estimates
- CSGN SW : Credit Suisse Cuts 2020 Bonus Pool, Pays CEO Gottstein CHF8.5M
- BN FP : Danone Cancels March 25 Investor Day
- DEZ GY : Deutz 4Q Revenue Beats Estimates
- DB1 GY : Quantitative Brokers Expands Algo Trading to Japan: Nikkei
- EMBRACB SS : Embracer Group Offering of 36m Shares Prices at SEK210/Share
- GFS LN : G4S Seeks to Remove Shares From Nasdaq Copenhagen
- GRE SM : Grenergy to Carry Out Capital Increase of About EU105 Million
- HLAG GY : Hapag-Lloyd Sees 2021 Ebit, Ebitda ‘Clearly Above’ Prior Year
- HEI GY : HeidelbergCement Proposes FY Div./Share EU2.20 Vs EU0.60 in 2019
- KYOTO FH : Kyoto Group Offering of 2.4m Shares Prices at NOK62.5/Share
- METN SW : Metall Zug FY Ebit CHF15.5M Vs. CHF38.8M Y/y
- NOKIA FH : Nokia Looks to Speed Up Path to Greater Profits in 5G Battle
- NOKIA FH : Nokia Sees Adj. Operating Margin Increasing to 10%-13% in 2023
- NOVOB DC : Novo’s Chairman Says Pipeline Secures Years of Growth: Borsen
- NSKOG NO : Norske Skog Says Potential Buyers Eye New Zealand Plant: Stuff
- NTS NO : NTS: Froy to Raise Gross Proceeds of up to NOK1b in Oslo IPO
- OSB LN : OSB Group FY Adjusted Pretax Profit GBP366.2M
- SRT GY : Sartorius Stedim Biotech Raises 2021 Guidance on Pandemic Demand
- SEM AV : Semperit FY Ebitda Meets Estimates
- TKO FP : Tikehau Records EU206.6M FY20 Loss
- TIT IM : Italy’s Giorgetti Urges Acceleration on Single Network Plan
- VIV FP : Canal+ Polish Unit May Soon Decide on Warsaw IPO Restart: Rp.pl
- VOD LN : Vodafone Raises $2.8 Billion From Vantage Towers Frankfurt IPO
- VOS GY : Vossloh FY Revenue Meets Estimates
- VOW GY : VW Becomes Germany’s Most Valuable Stock on Electric Enthusiasm
- WBD IM : Webuild FY Adjusted Ebitda Misses Estimates
- MF FP : Wendel SE FY Sales Miss Estimates
- ROSE SW : Zur Rose FY Ebitda Loss CHF78.4M Vs. Loss CHF13.8M Y/y