Stocks were mixed in Asia and US equity futures climbed as traders assessed prospects for earnings growth against a backdrop of rising interest rates. An Asia Pacific share gauge fluctuated, with stocks rising in Japan and South Korea but falling in Hong Kong. US equity futures signaled further gains after several positive results Tuesday, including from Netflix Inc. which reported a surge in subscribers. Treasury yields held near multi-year highs before the publication of US housing data for September and the Fed’s Beige Book. The yield on the 10-year hit 4.02%. The dollar was steady, while the pound rose against most Group-of-10 peers ahead of the first inflation data to print in wake of the UK government’s fiscal fiasco and as the nation backs a new Chancellor. In Japan, the authorities continued their jawboning of the yen, with Finance Minister Shunichi Suzuki saying he is increasing the frequency of monitoring foreign-exchange markets. The currency hovered at around 149 per dollar. Upbeat company results, cheaper valuations and UK policy reversals have helped buoy risk appetite. The sentiment on stocks and global growth among fund managers surveyed by Bank of America Corp. shows full capitulation, opening the way for equities to bottom in the first half of 2023. Upbeat company results, cheaper valuations and UK policy reversals have helped buoy risk appetite. The sentiment on stocks and global growth among fund managers surveyed by Bank of America Corp. shows full capitulation, opening the way for equities to bottom in the first half of 2023. US After Hours NFLX +14.4% on strong Q3 earnings and Q4 net adds guidance; ISRG +11% on earnings; UAL +7.2% on earnings, ADBE +3.6% on guidance; OLPX -39.3% on weak guidance
Nikkei +0.43% Hang Seng -1.73% CSI -1.52% Shanghai -1.15% Shenzen -1.10%
Eur$ 0.9845 CNH 7.2300 CNY 7.2164 JPY 149.19 GBP 1.1336 CHF 0.9949 RUB 61.6212 TRY 18.5814 WTI$ 83.73 +1.10% Gold 1,649.2 -0.18% BTC 19,302 -0.33% ETH 1,305.12 -0.70%
S&P +0.63% Nasdaq +0.91% EuroStoxx +0.69% FTSE +0.43% Dax +0.55% SMI -0.09%
Macro :
- Spain Edges Forward With Framework Rules for Green Hydrogen Hub
- OPEC+ Says Growing Risk of Global Recession Justifies Oil Cuts
- Citi Says US Stocks Pricing Recession More Than Any Other Asset
- Goldman Overweights Defensives and Shuns Cyclicals in US Stocks
Keep an eye on :
- ABDN LN : Property Funds Start Selling Assets to Help Stricken UK Pensions
- AFKS RM : Sistema Buying Stake in Melon Fashion Group for 15.8b Rubles
- ALO FP : Alstom Wins ~€300M Train Services Deal in UK
- ASML NA : ASML to Update on Business Plan, Buybacks on Nov. 11
- ASML NA : ASML Sales Forecast May Beat Estimates as Chip Demand Picks Up
- AZN LN : AstraZeneca’s Evusheld Gets Canada Approval for Covid Treatment
- BAR BB : Barco 3Q Revenue Beats Estimates
- BG AV : Bawag Turns to 3Q Net Loss on Linz Swaps, Lifts Revenue Goal (1)
- BMW GY : BMW to Invest 10b Yuan to Expand China Battery Plant: GT
- IAG LN : BA Set to Avoid Pilots’ Strike After Union Agrees on Deal: FT
- CO FP : Casino Group: EU600m Proceeds From Disposal of GreenYellow
- COPN SW : Cosmo Granted FDA Orphan Drug Status for Rifamycin
- ELISA FH : Elisa 3Q Comparable EPS Beats Estimates
- ENTRA NO : Entra 3Q Rental Income Meets Estimates
- FINGB SS : Fingerprint Cards 3Q Oper Loss SEK59.8M Vs. Profit SEK10.8M Y/y
- FTK GY : flatexDEGIRO 3Q Revenue Beats Estimates
- FDR SM : Fluidra Cuts FY Sales Forecast, Misses Estimates
- GTT FP : GTT Gets 2 Orders for Tank Design of 3 New LNG Carriers
- SHBA SS : Sweden’s Handelsbanken Posts Record Profit on Interest Income
- HOLN SW : Holcim's Reputation Unlikely to See Major Dent From Fines: React
- DLEKG IT : Ithaca Energy to Help Challenged London IPO Market: ECM Watch
- TKWY NA : Just Eat Takeaway 3Q Orders Misses Estimates
- EGL PL : Mota-Engil CEO Sees Order Book Reaching EU13b-EU14b in 2022
- NESN SW : Nestle FY Organic Revenue Forecast Misses Estimates
- NESN SW : Starbucks to Sell Seattle’s Best Coffee Brand to Nestlé
- NFLX US : *NETFLIX JUMPS 10% AFTER 3Q SUBSCRIBERS BEAT EXPECTATIONS
- RNO FP : Nissan Rises As Automaker Nears Deal for Renault to Cut Stake
- RBRZEW DC : Royal Unibrew Margin Tested as Clients Want Cheap Drinks: React
- RWE GY : RWE Reactor Will Halt in January to be Able to Run Until Spring
- SAN SM : Santander, Domestic Peer €19 Billion Loan-Loss Split a 3Q Focus
- SRT GY : Sartorius 3Q Sales Matches Estimates
- DIM FP : Sartorius Stedim Biotech Sees FY Revenue Low End of +15% to +19%
- TKA AV : Telekom Austria 3Q Revenue Beats Estimates
- TIT IM : Vivendi Is Said to Favor Ousting Telecom Italia Chairman Rossi
- UN01 GY : Germany Removes Plans for Nuclear-Plant Operator Incentive Pay
- VIRP FP : Virbac 3Q Revenue Beats Estimates
- VIV FP : *VIVENDI SAID TO FAVOR OUSTING TELECOM ITALIA CHAIRMAN ROSSI
- VGM NO : Vow Green Metals, Elkem to Cooperate on Biocarbon Development
- XBRANE SS :r Xbrane Biopharma Offers SEK150 million Shares