Stocks in Asia were broadly higher in choppy trading as the House passed a deal to avert US default and investors weighed the prospect of a pause in rate hikes from the Federal Reserve this month. A gauge of Asian shares headed for its best day in four weeks as Japanese and Australian shares rose while those in South Korea edged lower.
Benchmarks in China climbed, helped along by Caixin manufacturing data on Thursday that showed an expansion in activity, exceeding forecasts of a small contraction. The numbers followed official figures Wednesday that showed a further contraction in activity, weighing on the country’s equity markets. US equity futures traded in and out of positive territory after an initial boost following news of the deal passing the House. The mixed picture suggests investors were taking more notice of Fed officials who backed the possibility of holding rates unchanged the next meeting. The S&P 500 closed 0.6% lower Wednesday, clinging to a small gain for May that marked three consecutive monthly advances. The Nasdaq 100 index fell 0.7%, weighed by a decline in Nvidia Corp. shares after a rapid rally that has nearly tripled the stock price this year. Corporate earnings were again in focus. Shares in Salesforce Inc. tumbled around 6% in after-hours trading following a dim outlook for sales while Hewlett Packard Enterprise Co. fell 7.1% Wednesday on slimmer revenue projections than anticipated. Treasuries sold off, largely reversing a Wednesday rally. Australian bond yields were moderately higher as were those for New Zealand. The dollar was in a tight range against most major currencies. Hopes for a Fed pause were partly pared back after the JOLTS jobs report for April showed more than 10 million openings, the highest in three months and above consensus estimates. West Texas Intermediate and Brent crude futures rose after two days of declines. Gold was little changed. US After Hours AI -18.1%, OKTA -15.6%, VSCO -11.9%, CRWD -11.3%, CRM -6% lower on earnings; CHWY +13.1%, JWN +7%, VEEV +6.9%, PSTG +6.2%, NTAP +5.2% higher on earnings; LCID -7.5% falls on offering.
Nikkei +0.84% Hang Seng +0.77% CSI +0.52% Shanghai +0.25% Shenzen +0.86%
Eur$ 1.0682 CNH 7.1163 CNY 7.1005 JPY 139.54 GBP 1.2432 CHF 0.9110 RUB 81.5679 TRY 20.7579 WTI$ 68.36 +0.40% Gold 1,965 +0.11% BTC 26,840 -1.01% ETH 1,857 -0.47%
S&P +0.11% Nasdaq -0.03% EuroStoxx +0.78% FTSE +0.31% Dax +0.59% SMI +0.37%
Macro :
- FX-Hedged Japanese ETF Sees Biggest Cash Influx Since Late 2017
Keep an eye on :
- FX-Hedged Japanese ETF Sees Biggest Cash Influx Since Late 2017
Keep an eye on :
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