US equity futures rallied Thursday on stronger-than-expected tech earnings and signs the Trump administration may be close to announcing the first round of trade deals to reduce planned tariffs. Contracts for the S&P 500 and Nasdaq 100 both gained at least 1%, helped by a post-market rally for Microsoft Corp. and Meta Platforms Inc. following their bullish corporate results. Microsoft posted better-than-expected sales, while Meta also exceeded analysts’ sales forecasts, suggesting customer demand hasn’t been rattled by tariffs. The advance for US futures came after the S&P 500 erased an intraday drop of more than 2% Wednesday to close 0.2% higher. Shares in Japan and Australia both posted modest gains Thursday. A number of markets are shut for holidays across Asia including Mainland China, Hong Kong, Singapore and India. The yen weakened for a third day after the Bank of Japan left its benchmark rate unchanged at 0.5% while pushing back the timing for when it expects to reach its inflation target. Treasuries edged lower across the curve in Asia, while an index of the dollar rose. Sentiment toward US equities was boosted Wednesday after President Donald Trump’s trade representative said the country was nearing an announcement of a first tranche of trade deals that would see the White House reduce planned tariffs on trading partners. Trump acknowledged his sweeping tariff program had risked imperiling him politically, but said he would not rush deals to appease nervous investors. Gains for equities mark a “great tactical rally,” driven by positive signs on tariffs, Gareth Nicholson, chief investment officer for international wealth management at Nomura, said on Bloomberg Television. “This is a market for investors to be very nimble.” US stocks had slumped in early trading Wednesday after government data showed the world’s largest economy contracted at the start of the year for the first time since 2022. The equity rebound was partly helped by a report that the US has been proactively reaching out to China through various channels. At the same time, a cohort of investors is betting the Fed will administer its policy medicine to forestall a recession. The BOJ said it expects inflation to be consistent with its 2% goal around the second half of its outlook period, which was extended by a year to include fiscal 2027. The central bank halved its economic growth projection to 0.5% for this fiscal year in a sign of heightened caution amid the threat of a global trade war. Tesla board members have reached out to several executive search firms to work on a formal process for finding a new chief executive to replace Elon Musk, the Wall Street Journal reported, citing people familiar with the discussions. Oil was little changed in Asia after settling below $60 a barrel Wednesday for the first time in three weeks as signs emerged that the Saudi-led OPEC+ alliance may be entering a prolonged period of higher production. Gold fell as traders assessed the Fed’s rate path after US data showed signs of downside risks under President Donald Trump’s trade agenda. The US and Ukraine reached a deal over access to the country’s natural resources, offering a measure of assurance to officials in Kyiv who had feared that President Donald Trump would pull back his support in peace talks with Russia. US After Hours Busy earnings session: MSFT +7.8%, META +5%, TTMI +12.9%, ALGN +11% on upside; OLO +12.2% on Bloomberg report it's exploring a potential sale.
Nikkei +0.99% Hang Seng Closed CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.1302 CNH 7.2792 CNY 7.2713 JPY 143.95 GBP 1.3292 CHF 0.8275 RUB 81.9169 TRY 38.4950 WTI$ 58.19 -0.03% Gold 3,229.50 -1.80% BTC 94,933 +0.37% ETH 1,807 +0.74%
S&P +1.06% Nasdaq +1.49% EuroStoxx Closed FTSE +0.55% Dax Closed SMI Closed
Macro :
- 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
- 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
- AWK US : American Water 1Q Adjusted EPS Misses Estimates
- AAPL US : Apple Investors to Seek Insights on Tariffs and AI: Preview
- AAPL US : Apple Dealt Stinging Court Defeat on App Store Sales Commissions
- BHC CN : Bausch Health Boosts FY Revenue Forecast
- 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
- DBV FP : DBV Tech 1Q Loss per Share 26C Vs. Loss/Shr 28C Y/y
- EDP PL : EDP Completes Sale of 90% Stake in Transmission Line in Brazil
- 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
- Lactalis : Meiji, Lactalis Weigh Bids for Fonterra Consumer Units: Reuters
- 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
- META US : Meta Jumps as Advertising, AI Spending Defy Tariff Concerns (4)
- MSFT US : Microsoft’s Shares Surge on Strong Quarterly Cloud Sales Growth
- 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
- SW US : Smurfit Westrock Plans to Cut ~650 Jobs in US, Germany (1)
- STMPA FP : STMicro rejects call to let shareholders vote on Italian board candidate, sources say
- 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
- TFI FP : TF1 1Q Revenue Misses Estimates
- UBS SM : Spain’s CNMV Suspends Urbas Grupo From Trading
- 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