Asian stocks climbed to the highest level in more than a month and US equity-index futures advanced Friday after China said it’s evaluating trade talks with the US, boosting optimism that tariff tensions will tamp down. A regional gauge rose 1.5% as China assessed talks after senior US officials repeatedly expressed a willingness to discuss. Japanese shares rose 1.1% on positive comments from the country’s chief trade negotiator. Contracts for the S&P 500 and European stocks jumped. The MSCI EM Currency Index advanced 0.5% to a record high. Gold was set for its first back-to-back weekly loss this year while 10-year Treasuries fell. The S&P 500 has gained for eight consecutive days - the longest run since August - amid increased optimism that trade tensions are waning since President Donald Trump announced century-high levies April 2. That sentiment faces a test as investors turn their attention to the US jobs report due Friday, the last piece of significant data this week, after disappointing earnings from Apple Inc. and Amazon Inc. China’s statement signals the stalemate between the world’s two largest economies may shift, after Trump hiked US tariffs and Beijing retaliated in kind. Trump has repeatedly said President Xi Jinping needs to contact him in order to begin talks. Earlier this week, Treasury Secretary Scott Bessent said it’s up to Beijing to take the first step to de-escalate the dispute. While expressing a newfound openness to talks, China’s Commerce Ministry framed its statement as being consistent with Beijing’s previous position. As a condition to negotiations, China asked the US to show its sincerity and be prepared to correct its “wrong practices” by scrapping the unilateral tariffs. Taiwan’s dollar jumped by the most since 2022, as the island’s exporters sped up dollar conversions to the local currency amid easing China-US trade tensions. Meanwhile, Trump is asking Congress for deep cuts to domestic agencies and a boost to the military in a preliminary outline of his 2026 budget request to be released Friday. Japanese shares rose after the country’s chief negotiator said he aims to achieve a trade agreement with the US in June, with the high-stakes bilateral discussions expected to gain momentum in mid-May. His comments came after concluding the latest round of talks in Washington. Japan’s Finance Minister Katsunobu Kato said that the country’s US Treasury holdings could be a card in its trade negotiations with the US, in response to a question asking whether Japan’s stance of not easily selling the holdings could be seen as a negotiation tool. Earlier, Apple shares slipped 3.8% in late US trading after it reported sales from China declined more than anticipated in the latest quarter, overshadowing otherwise solid results. Meanwhile, Amazon gave an operating income forecast that missed expectations when markets closed, pushing shares lower in post-market trading. Amazon slumped 3.2% in after-hours. Microsoft Corp. and Meta Platforms Inc. jumped on upbeat earnings, while a report of the US weighing a potential easing of restrictions on Nvidia Corp.’s sales to the United Arab Emirates pushed the chip-maker’s shares higher during Thursday’s session. US After Hours Busy earnings session; AAPL -3.9%, AMZN -2.3% lower on earnings, also TEAM -16.8%, TREE -13.6%, ROKU -5.6%, ABNB -5.5%; DUOL +9.8%, TWLO +8.7%, RDDT +5.3%, CART +3.8%, FND +3.7% higher on earnings
Nikkei +1,22% Hang Seng +1.70% CSI -0.12% Shanghai Closed Shenzen Closed
Eur$ 1.1310 CNH 7.2551 CNY 7.2713 JPY 145.21 GBP 1.3318 CHF 0.8280 RUB 81.8289 TRY 38.5613 WTI$ 59.58 +0.61% Gold 3,256 +0.48% BTC 96,864 +0.38% ETH 1,836 -0.21%
S&P +0.65% Nasdaq +0.43% EuroStoxx +1.10% FTSE +0.58% Dax +1.27% SMI +0.32%
Macro :
- Sefcovic Says EU Could Buy More US Gas, Agriculture Goods: FT
- Bitcoin Approaches $100,000 After Breaking Through 10-Week High
- US Seeks Bilateral Minerals Deals With Congo, Rwanda: Reuters
- EU to Present New Trade Proposals to US Negotiators Next Week
- China CIC to Sell $1b of US Private Equity Investments: Rtrs
- US Has Reached Out to China for Tariff Talks, CCTV Says
- US Has Reached Out to China for Tariff Talks, CCTV Says
- Ripple Is Said to Have Offered to Buy Stablecoin Rival Circle
- European Investors Wary of Dollar Risks to Boost Euro, BNP Says
- BofA Scraps London Bankers’ Bonus Limit: Financials Wrap
- Oil Holds April’s Slump as Saudis Signal Increased OPEC+ Supply
- UK Must Be Ready to Bend Rules During Trade Talks, IPPR Says
Keep an eye on :
Keep an eye on :
- AIR FP : Airbus Tells US Airlines They’ll Need to Pay Their Own Tariffs
- AIR FP : Airbus Outlook Should Be Achieved, Despite Tariffs: Street Wrap
- ABNB US : Airbnb Sees 2Q Rev. $2.99B to $3.05B, Est. $3.03B: Snapshot (1)
- ALB US : Lithium Miner Albemarle Bets on Cost Cuts to Ride Out Trade War
- ALMB DC : Alm Brand 1Q Pretax Profit Beats Estimates
- AMZN US : Amazon Plans to Build Dozens of US Warehouses in Rural Expansion
- AMZN US : Amazon 2Q Operating Income Forecast Misses Estimates: Snapshot
- MT NA : French Govt Doesn’t Plan to Nationalize ArcelorMittal Sites
- AWK US : American Water 1Q Adjusted EPS Misses Estimates
- AAPL US : Apple Falls as China Sales and Tariffs Hit Results, *APPLE ESTIMATES $900 MILLION IN COST INCREASES ON TARIFFS IN Q3
- AAPL US : Apple to Source Billions of US-Made Chips in Supply Chain Shift
- AAPL US : Apple Dealt Stinging Court Defeat on App Store Sales Commissions
- BHC CN : Bausch Health Boosts FY Revenue Forecast
- BAS GY : BASF 1Q Adjusted Ebitda Meets Estimates
- BAYN GY : Bayer to Shut US Seed Treatment Equipment Unit on Financial Woes
- BBVA SM : Spain’s Antitrust Agency Clears BBVA’s Sabadell Bid With Terms
- ATD CN : Couche-Tard Clinches Deal to Deepen Seven & i Takeover Talks
- BASE US : Activist Irenic Capital Is Said to Build Stake in Couchbase
- COFB BB : Aedifica Offers to Buy Cofinimmo for €80.91/Share: M&A Snapshot
- CYTK US : Cytokinetics Shares Fall as FDA Reviews Belated Safety Plan (1)
- DAN IM : Danieli Gets SSAB Contract for Fossil-Free Steel Mill in Sweden
- DANSKE DC : Danske Keeps FY Net Income Forecast; 1Q Beats Estimates (1)
- DBV FP : DBV Tech 1Q Loss per Share 26C Vs. Loss/Shr 28C Y/y
- DAL US : Delta Air Lines Authorizes $1B Share Buyback Program
- DEME BB : DEME Group NV: DEME Completes Havfram Acquisition
- EDP PL : EDP Completes Sale of 90% Stake in Transmission Line in Brazil
- EQNR NO : Equinor Offloads Stake in Brazilian Oil Field for $3.5 Billion
- FIA1S FH : Finnair Will Cancel ~140 Flights on Friday Due to Strikes
- GLEN LN : Antamina Mine Restart Continues in Peru After Community Protest
- GN DC : GN Cuts Growth, Profitability Forecasts Due to Tariffs
- HOLX US : Hologic Cuts FY Adjusted EPS Forecast
- INGA NA : ING 1Q Net Income Beats Estimates
- JBH LN : JAB Seeks $2.5 Billion for Keurig Dr Pepper Share Block (1)
- Lactalis : Meiji, Lactalis Weigh Bids for Fonterra Consumer Units: Reuters
- LAND SW : Landis + Gyr Sees 2025 Adjusted Ebitda Margin 10.5% to 12%
- LI US : Li Auto April Vehicle Deliveries 33,939 Units Vs. 25,787 Y/y
- LSEG LN : LSE Group 1Q Total Income Meets Estimates
- LLOY LN : Lloyds 1Q Statutory Pretax Profit Misses Estimates
- MC FP : Moët Hennessy Says It Will Reduce Workforce to 2019 Levels
- META US : Meta Jumps as Advertising, AI Spending Defy Tariff Concerns (4)
- MSFT US : Microsoft’s Shares Surge on Strong Quarterly Cloud Sales Growth
- MSFT US : Microsoft is getting ready to host Elon Musk’s Grok AI model - The Verge
- MSTR US : Saylor’s Strategy Posts a Record Loss After Accounting Change
- NEL NO : Statkraft Cancels 40 MW Alkaline Electrolyser Contract, Nel Says
- NEL NO : Statkraft Cancels 40 MW Alkaline Electrolyser Contract, Nel Says
- NETC DC : Netcompany 1Q Revenue Beats Estimates
- NVDA US : Nvidia Gets Rare Sell Rating as Seaport Says AI Fully Priced In
- NVDA US : *NVIDIA, BROADCOM SHARES CLIMB AFTER META BOOSTS CAPEX FORECAST
- NVAX US : FDA to Require Placebo-Controlled Trials for Vaccine Approvals
- NOVOB DC : Novo Says Semaglutide Study Shows Benefits for Liver Treatment
- RED SM : Redeia 1Q Net Income Rises 4% to EU137.8m, to Pay Dividend (1)
- RIVN US : Rivian Stockpiled EV Batteries From Asia Ahead of Trump Tariffs
- RWE GY : RWE Sees Investor Showdown at AGM Over Buyback Demands
- SAN FP : Sanofi Treatment Granted Orphan Drug Status by FDA
- SHEL LN : Shell 1Q Adjusted Profit Beats Estimates
- SW US : Smurfit Westrock Plans to Cut ~650 Jobs in US, Germany
- SOP FP : Sopra Steria Group: Completion of Aurexia Acquisition
- STAN LN : StanChart Profit Beats as Lender Weighs Impact of Tariff War
- STMPA FP : STMicro rejects call to let shareholders vote on Italian board candidate, sources say
- SSPG LN : Irenic Capital Building a Stake in SSP Group: FT
- SYK US : Stryker Cuts FY Adjusted EPS Forecast
- TEF SM : Telefonica’s Movistar Faces Major Venezuela Data Leak, NGO Says
- TEP FP : Teleperformance 1Q Like-for-Like Sales Beat Estimates
- TEN IM : Tenaris 1Q Net Sales Meet Estimates
- TSLA US : Tesla Board Opened Search for CEO to Succeed Elon Musk, WSJ Says
- TSLA US : Tesla Board in Spotlight After Cashing In $1.2 Billion With Musk
- TFI FP : TF1 1Q Revenue Misses Estimates
- UBS SM : Spain’s CNMV Suspends Urbas Grupo From Trading
- X US : US Steel 2Q Adjusted Ebitda Forecast Misses Estimates: Snapshot
- VIV FP : Vivendi Files Appeal Against Paris Court Ruling on Split
- WAY US : Waystar Shares Climb as 1Q Revenue Beats Estimates (1)
- WTB LN : Whitbread FY Adjusted Pretax Profit Misses Estimates
- WH US : Wyndham Hotels Cuts FY Adjusted EPS Forecast, Misses Estimates