Asian shares edged higher, following a rally in heavyweight Samsung Electronics Co. Ltd. and gains in Chinese stocks on fresh signs of policy support. A key gauge of the region’s equities rose 0.2%, aided by Samsung Electronics’ jump after South Korea’s biggest firm announced a surprise stock buyback plan. Shares in Hong Kong and mainland China also advanced after the country’s securities regulator urged listed companies to boost returns on their stocks. The brighter mood in Korea and China helped offset weakness in neighboring markets like Japan and Taiwan, where concerns lingered about Donald Trump’s potentially inflationary economic policies and Friday’s upbeat US retail sales data that reduced expectations for the Federal Reserve to cut interest rates. US stock futures also rose, after the S&P 500 slid 1.3% on Friday to erase more than half of its gains following the US election. The Bloomberg dollar index was steady. The yen slipped after Bank of Japan Governor Kazuo Ueda said the timing of the central bank’s next policy adjustment will depend on the economy and prices. The BOJ is scheduled to meet on Dec. 18-19. In corporate news, Alibaba Group Holding Ltd. is proposing to sell dollar and yuan bonds to pay back offshore debt and buy back shares, following the Chinese tech conglomerate’s issuance of a record convertible bond offering earlier this year.
As for commodities, oil rebounded after a weekly decline on concerns over plentiful supply and weaker demand from top crude importer China. Gold advanced after suffering its worst weekly drop since 2021, as the dollar eased and traders weighed the outlook for Fed rate cuts.
Elsewhere this week, China’s banks are expected to keep their loan prime rates unchanged after a cut in October. Bank Indonesia will deliver a policy decision as the rupiah neared 16,000 per dollar on Friday, a key psychological level for a central bank focused on currency stability.
UK and eurozone inflation readings are due which will help gauge the outlook for Bank of England and European Central Bank policy with a swath of officials from the respective institutions also due to speak. Nvidia’s results may test the sustainability of AI-led stock gains.
Nikkei -1.09% Hang Seng +0.65% CSI -0.29% Shanghai -0.48% Shenzen -2.60%
Eur$ 1.054 CNH 7.2476 CNY 7.2415 JPY 154.57 GBP 1.2639 CHF 0.8874 RUB 100.0236 TRY 34.4664 WTI$ 67.16 +0.21% Gold 2,586 +0.90% BTC 91,900 +3.11% ETH 3,145 2.72%
S&P +0.31% Nasdaq +0.73% EuroStoxx +0.23% FTSE +0.15% Dax +0.29% SMI +0.15%
Macro :
- US Nears Decision to Let Ukraine Hit Some Targets in Russia
- S&P 500 Profit Outlook Cut Bad Sign for Rally: Earnings Watch
- S&P 500 Profit Outlook Cut Bad Sign for Rally: Earnings Watch
- Banks Raise Capital to Offset CRE Losses: Financials Wrap
- SpaceX’s Shotwell Says US Regulators Must ‘Go Faster’
- Senators Urge DOJ to Probe Musk Involvement With Govt Contracts
- Morgan Stanley picks China stocks to ride out a worst-case scenario in U.S. tensions
- Turkey Closed Skies to Israel President Who Skipped COP29
- Bitcoin Churns Near $90,000 After Largest Drop Since US Election
Keep an eye on :
Keep an eye on :
- ABBV US : AbbVie Gets EU Approval of ELAHERE for Ovarian Cancer
- ACS SM : Endesa Agrees to Buy Acciona Hydro Portfolio for €1b
- Anduril : Anduril’s Chair Consulted With Trump on Revamping US Military Business Day.za:
- MT NA : Possible resolution close for ArcelorMittal labour dispute
- EN FP : Bouygues Telecom Buys Cellphone Operator La Poste Mobile
- CINE LN : Cineworld Owners Consider US Listing for Cinema Chain, Sky Says
- CTY1S FH : Citycon Names Zaslavsky New CEO, Sihvonen CFO in Shakeup
- COXG SM : Cox Said to Lean on Family Offices, Corporates for Spanish IPO
- D6H GY : Datagroup Plans Spinoff, Listing of Almato Unit
- DKSH SW : DKSH Reconfirms 2024 Outlook; Sets Mid-Term Targets
- ELE SM : Endesa Agrees to Buy Acciona Hydro Portfolio for €1b
- ENEL IM : Enel Turns to Acquisition in Spain After Years Lowering Debt
- ENEL IM : President Lula discusses Enel with Prime Minister
- ENEL IM : Enel Raises Dividend and Targets €6.7-6.9 Billion in 2025 Profit
- ENGI FP : El Comercio Peru: Engie CEO: “Peru reached US$23 billion in copper exports in 2023”
- EQT SS : EQT Says It Set Hard Cap for BPEA IX Fund at $14.5B
- EVT GY : Halozyme to Fund Proposed Evotec Takeover in Cash, CEO Says
- EXENS FP : Exosens in Exclusive Talks to Buy Noxant; No Terms
- FNAC FP : Fnac Sets Full Cash Alternative for Unieuro Shares at EU11.67
- FUR NA : Fugro Starts €50 Million Buyback Program
- GET FP : Getlink Sees Added EU13m Impact from Longer ElecLink Suspension
- GRF SM : Brookfield Mulls Grifols Offer at €10.5/Share: El Confidencial
- HOFI SS : Hoist Says Swedish Regulator Seeks Clarification on SDR Criteria
- IPN FP : Ipsen Says Iqirvo Data Shows Efficacy in Patients With PBC
- IPN FP : Ipsen: Bylvay Data Shows Improvement in PFIC, ALGS Patients
- INTRUM SS : Intrum Files for Chapter 11 Bankruptcy in Texas
- KER FP : Kering’s Balenciaga CEO Charbit Set to Lead Yves Saint Laurent
- KER FP : Matthieu Blazy will leave Bottega Veneta fo Chanel
- LHA GY : Lufthansa’s Biggest Shareholder Criticizes Its Strategy: FAZ
- MSTR US : MicroStrategy Builds $26 Billion Cache by Wagering on Bitcoin
- MSTR US : MicroStrategy Builds $26 Billion Cache by Wagering on Bitcoin
- NDA FH : Nordea Bank to Delist $200M Primary Capital Undated Notes
- NOVOB DC : Novo Nordisk Insulin Plans Spark Angst Among Diabetes Patients
- NVDA US : Nvidia Faces New Chip Server Design Snag, The Information Says
- OKLO US : Chris Wright Will Join Administration as Energy Secretary: Trump
- OMV AV : OMV Confirms Gazprom Cut Gas Supply to Austria at 6am
- RECSI NO : REC Silicon Polysilicon Qualification Material Cleared Customs
- RR/ LN : Rolls-Royce sets sights on new frontier: space
- SALM NO : Salmar 3Q Diluted EPS Misses Estimates
- SPACE X IPO : SpaceX in Talks on Share Sale Valuing Firm Around $255 Billion
- TATA IN : Tata Buys Majority Stake in Pegatron’s India iPhone Plant: Rtrs
- TSLA US : Trump Team Said to Want to Ease US Rules for Self-Driving Cars
- UBSG SW : UBS ‘Slightly’ Raised Risk Appetite in Leveraged Finance: Finma
- UNIR IM : Fnac Sets Full Cash Alternative for Unieuro Shares at EU11.67
- VIV FP : Vivendi: Canal+ to Hold CMD on Nov. 18, Havas on Nov. 19
- WBD US : Warner Bros., NBA Reach Deal to Settle Lawsuit Over TV Rights