Asian stocks fluctuated as traders weighed better-than-expected China data against intensifying Middle East tensions. The Bank of Japan announced unscheduled bond purchases to stem a rise in yields. Hong Kong’s Hang Seng China Enterprises Index pared losses as China’s economic growth and retail sales suggested the economy is founding a foothold. The report gave a brief boost across Asian stocks including Australia and South Korea, though mainland China’s benchmarks remained in the red. The onshore and offshore yuan strengthened, crude oil extended gains and copper added 0.7%. An index of China’s property developers headed for its lowest since 2009, as stress in the sector continues to rise amid slumping home sales and deepening debt woes for major developers. The BOJ’s announcement came after Japan’s 10-year yield touched a fresh decade-high, following a jump in US yields. Japan’s sovereign debt has faced renewed selling pressure amid speculation that the central bank will tweak is ultra-easy monetary policy sooner rather than later. Treasuries steadied in early Asian trading after two-year yields hit the highest since 2006 in the previous session as strong US data reinforced the higher-for-longer rates narrative. Swap contracts tied to Fed rate decisions showed traders are pricing in more than 60% odds that policymakers will raise interest rates by a quarter percentage point in January. US retail sales exceeded all forecasts and industrial production strengthened last month, fresh evidence of a resilient American consumer whose spending is helping stabilize manufacturing. The reports prompted a slew of economists, from Goldman Sachs to JPMorgan Chase & Co. and Morgan Stanley, to boost their tracking estimates for third-quarter gross domestic product. Back to geopolitical events. President Joe Biden’s dramatic war-time visit to Israel and Jordan began to unravel even before he left the ground, after an explosion at a Gaza hospital left hundreds dead and Arab leaders pulled out of a meeting planned for the trip. Oil extended gains to advance 2.4%, and gold edged up as middle east conflict bolstered haven demand. Israel blamed a failed missile from militant group Palestinian Islamic Jihad for the blast, potentially the deadliest since the killing of 1,300 Israelis in the Oct. 7 attack by Hamas, which is designated a terrorist organization by the US and European Union. The Pentagon said it didn’t have information on who was responsible and the US called for an investigation. US After Hours UAL -4.4%, JBHT -4.2%, IBKR -4% all lower on earnings; FND +6.1% on news it will join S&P MidCap 400; BIO -5.5% lower on news its CFO is stepping down.
Nikkei +0.09% Hang Seng -0.13% CSI -0.69% Shanghai -0.72% Shenzen -1.32%
Eur$ 1.0580 CNH 7.3160 CNY 7.3081 JPY 149.68 GBP 1.2193 CHF 0.8990 RUB 97.66 TRY 28.0040 WTI$ 88.52 Gold 1936 +0.67% BTC 28,730 +0.93% ETH 1,574 +0.87%
S&P -0.09% Nasdaq -0.16% EuroStoxx -0.12% FTSE +0.21% Dax +0.13% SMI -0.03%
Macro :
- France Plans New Rule on Share Buybacks in Budget, Echos Says
- BofA Says Funds Boost Energy Stock Holdings to Most Since March
- BofA Says Funds Boost Energy Stock Holdings to Most Since March
- Carl Icahn Criticizes Short Sellers at Investor Conference
- EU PLANS STRICTER RULES FOR MOST POWERFUL GENERATIVE AI MODELS
Keep an eye on :
Keep an eye on :
- ABBN NA : ABB Earnings Miss Estimates as Europe, China Orders Slow (1)
- ABDN LN : Patria to Buy Abrdn’s European Private Equity Unit for £60m
- ACS SM : Abertis Wins Puerto Rico Highways; Shareholders Inject Capital
- ACG LN : ACG SPAC Extends Acquisition Deadline to Jan. 25 From Oct. 12
- ADS GY : Adidas Improves FY Operating Loss Forecast
- AF FP : Air France to Abandon Orly Airport and Focus on Roissy: Le Monde
- ALV GY : Grenergy to Sell 297MW of Solar Assets to Allianz for €270.6M
- ASML NA : ASML 3Q Bookings Misses Estimates
- BAR BB : Barco 3Q Revenue Misses Estimates
- BMW GY : *BMW TO ADOPT NACS FOR BATTERY EV IN US, CANADA STARTING IN 2025
- CA FP : HK Court Orders Suning to Pay Carrefour ~$134m for 2019 Deal: FT
- CO FP : Casino Group Says Some Creditors Acceded to Lock-Up Agreement
- CON GY : Continental Is Said to Study Auto Divestments to Shore Up Profit
- 2007 HK : Country Garden Default Looms After Builder Says Unlikely to Pay
- FGR FP : Eiffage Buys 51% of Salvia Group GmbH; No Terms
- ENTRA NO : Entra 3Q Rental Income Misses Estimates
- ERICB SS : Ericsson CEO Says ‘Will Step Down’ if Vonage Doesn’t Deliver: DI
- FTK GY : flatexDEGIRO 3Q Ebitda Misses Estimates, Results Boosted by Interest Income: Street Wrap
- GALP PL : Portugal’s ENSE Says Gasoline Consumption Fell 2.1% in September
- GMAA LN : Gama Aviation Sells Jet East in $131 Million Deal
- GLEN LN : Glencore to Close Mount Isa Underground Copper Ops in 2H 2025
- SHBA SS : Handelsbanken 3Q Net Interest Income Beats Estimates
- HSBA LN : Mukesh Ambani’s Luxury Real Estate Bet Gets HSBC Financing Boost
- INTO BB : TPG Offers to Buy Intervest for €21/Share in Cash
- JOMA SS : Swedish Landlord John Mattson to Amortize Debt via Rights Issue
- TKWY NA : Just Eat Takeaway Raises Guidance As Profitability Improves
- MAERSKB DC : Drug Gangs Have Infiltrated Shipping Supply Chains in Europe: FT
- MERY FP : Mercialys 9M Rental Rev. EU132.6M Vs. EU129.6M Y/y
- MERY FP : Mercialys 9M Rental Rev. EU132.6M Vs. EU129.6M Y/y
- MOWI NO : Mowi Prelim 3Q Ebit About EU203M, Est. EU227.3M
- NEXI IM : CVC Capital Is Said to Mull Bid for European Payments Giant Nexi
- NOVN SW : Novartis Pluvicto Shows rFPS Benefit in PSMA+ Prostate Cancer
- OMC US : Omnicom Drops as Organic Revenue Growth Disappoints
- PUB FP : Watch Advertising Stocks in Europe as Omnicom Drops on Results
- PDG LN : AutoNation Withdraws Offer for Pendragon
- SCU US : Sculptor Capital Says Dan Och’s Litigation Is ‘Baseless’
- SHEL LN : *QATARENERGY, SHELL SIGN 27-YEAR LNG SUPPLY PACT TO NETHERLANDS
- STLAM FP : Citroën’s €23,300 Electric Car Is Profitable, CEO Koskas Says
- STLAM IM : Stellantis Cancels Display at CES Show Due to UAW Strikes
- TEL2B SS : Tele2 3Q Adjusted Ebitda After Leases Meets Estimates
- TKA AV : Telekom Austria Sees FY Div/Shr at Least EU0.32, Est. EU0.35
- UCB BB : UCB: Zilbrysq Gets US FDA OK for Generalized Myasthenia Gravis
- DG FP : Vinci Group Wins €800m Deal for Mont-Cenis Materials Recovery
- VOLVB SS : Volvo Beats Expectations; Sees Weaker Truck Markets Next Year
- WDP BB : WDP 9M Adjusted EPS EU1.06 Vs. EU0.95 Y/y
- WITH FH : WithSecure 3Q Revenue Misses Estimates