Asian stocks ticked higher Wednesday in the slipstream of gains on Wall Street, while US equity futures slid as investors awaited the Federal Reserve’s policy meeting. A benchmark of the region’s shares advanced about 0.4%, with key indexes rising in Hong Kong and Australia, while shares fluctuated in mainland China and Japan. Adani Group stocks resumed their selloff after the share sale by the Indian conglomerate’s flagship firm failed to turn sentiment from Hindenburg Research’s fraud allegations. In one bright spot for the group, nearly all dollar bonds issued by Adani companies extended gains into a second day. The rupee was marginally stronger and the Nifty 50 stock index climbed as the government prepares to unveil its budget later Wednesday. US futures bucked the trend in Asian equities, with small declines following a series of corporate earnings reports late Tuesday that included a disappointing outlook from Electronic Arts Inc. and the first-ever forecast revenue decline for Snap Inc. The Nasdaq 100 had rallied 1.6% earlier, to cap its best month since July and strongest start to a year since 2001. Gains for US stocks were helped along by wage cost data that undershot forecasts. Separate figures showed the US housing market continued to cool. Another report highlighted consumer confidence unexpectedly falling. Bitcoin added slightly to its near 40% rally this year, with a test ahead when the Fed decision comes. Crypto, stocks and bonds have jumped in the new year on expectations of a Fed pivot to slower interest-rate hikes and eventual cuts as high inflation cools. Iron ore held near a seven-month high as major exporter Vale SA announced lower-than-expected fourth-quarter production, while oil edged higher. US After Hours Weak earnings from SNAP -14.4%, EA -10.9%, MTCH -8.1%, WDC -6.1% are dragging down peers; OI +8.2%, SYK +4%, AMD +1.5% higher on earnings.
Nikkei +0.08% Hang Seng +0.38% CSI +0.17% Shanghai +0.25% Shenzen +0.68%
Eur$ 1.0867 CNH 6.7547 CNY 6.7491 JPY 130.28 GBP 1.2314 CHF 0.9162 RUB 70.1586 TRY 18.8111 WTI$ 79.17 +0.38% Gold 1,926 -0.12% BTC 23,160 +0.91% ETH 1,585.50 +0.51%
S&P -0.26% NAsdaq -0.38% EuroStoxx +0.17% Dax +0.17% SMI
Macro :
- Goldman’s Kostin Says Buy Europe, Asia Over Pricey US Stocks
- Gundlach Suspects Fed Will Push Back Against Pivot Narrative
Keep an eye on :
Keep an eye on :
- ANTIN FP : Antin Assets Under Management EU30.6B
- AXFO SS : Axfood 4Q Operating Profit Misses Estimates
- BBVA SM : BBVA Sees 2023 Core Revenue Growing at Mid Twenties
- FLYR NO : Flyr Board Decides to File for Bankruptcy in Oslo on Feb. 1
- HNR2 GY : Hannover Re Sees Group Net Income At Least EU1.7B in 2023
- LHA GY : Germany’s Condor Names Gerber as Next CEO as of February 2024
- MRLR BB : Melexis 4Q Ebit Misses Estimates
- MBG GY : Mercedes-Benz Posts Record Sales in South Korea in 2022
- NOVN SW : Novartis 4Q Core EPS Beats Estimates
- RBI AV : Raiffeisen Plans Dividend, Sees Lower Revenue in 2023
- RNO FP : Renault Picks Credit Agricole for French Auto Insurance: Echos
- SEBA SS : SEB Holder Trygg-Stiftelsen Offers ~65m Shares via Carnegie
- SEBA SS : SEB Holder Trygg-Stiftelsen Offers ~65m Shares via Carnegie
- SHLF NO : Shelf Drilling Offering of 17.6m Shares Prices at NOK26.50/Share
- SI US : Silvergate Capital Climbs to Session High on BlackRock Stake
- SOW GY : Software AG Sees 2023 Product Revenue +6% to +10%
- UBI FP : Electronic Arts Falls on Weak Forecast, Game Delay
- VOW GY : German EV-Chip Deal Draws Scholz as Beacon for Industry’s Future