US equity futures rallied on a sharp rise in sales forecasts from chipmaker Nvidia Corp., which fueled gains for Asian tech shares without lifting broader stocks benchmarks in the region. The Japanese market fluctuated while equities fell in South Korea, Australia and China. Declines for Hong Kong’s Hang Seng Index placed it on course for a third day of losses greater than 1% as global investors remained downbeat on Chinese assets. Taiwanese stocks rose, bucking the trend in Asia as Taiwan Semiconductor Manufacturing Co. — which supplies Nvidia — climbed almost 3%. South Korean tech bellwethers Samsung Electronics Co. and SK Hynix Inc. advanced and in Tokyo equipment supplier Advantest Corp. surged 20% to an all-time high. The broader weakness in Asia reflected cross winds as traders contend with the risk of the US defaulting on its debt, the chances of another rate hike by the Federal Reserve, central bank meetings in Seoul and Jakarta, and signs of softness in the Chinese economy. Gold fluctuated and the yen edged lower after both haven assets spiked higher when Fitch placed US ratings on watch negative. The yen was hovering just below 140 per dollar and at its weakest since November. Nasdaq 100 futures rallied 1.4%, holding most of their early gains, even after the Fitch news. The rally followed a 0.5% drop in the underlying index Wednesday amid concerns over the debt-ceiling impasse and uncertainty over the Fed’s next policy decision. Contracts for the S&P 500 jumped 0.4%. Nvidia shares rose by around 25% in after-hours trading following the chipmaker’s report that booming demand for artificial intelligence processors would fuel revenue growth. The action indicated a gain of around $200 billion to its market value. US After Hours NVDA +26.8% surges on earnings and especially its huge guidance, which is causing many semi and semi equipment names to rise, AMD +8.9%, TSM +7.9%; NTNX +15.9%, ELF +11.6% also higher on earnings; APPS -26.6%, AEO -17.3%, SNOW -11.2% lower on earnings.
Nikkei +0,43% Hang Seng -2,07% CSI -0,49% Shanghai -0,66% Shenzen -0,64%
Eur$ 1,0736 CNH 7,0817 CNY 7,0690 JPY 139,56 GBP 1,2344 CHF 0,9062 RUB 80,4390 TRY 19,9028 WTI$ 74,19 -0,20% Gold 1,958,41 BTC 26,222 -0,50% ETH 1,779 -0,25%
S&P +0,35% Nasdaq +1,35% EuroStoxx +0,09% FTSE +0,13% Dax +0,09% SMI
Macro :
- McCarthy Signals Debt Deal Optimism as US Put on Credit Watch
- Fed Officials Lean Toward Pause in June, But Not Ready to Stop
- US Credit Rating at Risk of Fitch Cut on Debt-Limit Impasse
Keep an eye on :
- ADJ GY : Adler Group 1Q Rental Income EU53M Vs. EU71M Y/y
- AKRBP NO : Aker BP Makes Oil Find Near Yggdrasil Twice as Large as Expected
- AMD US : Nvidia’s Robust Forecast Lifts Chipmakers and Other AI Stocks
- ARAMI FP : Aramis 1H Adjusted Revenue EU940.8M Vs. EU872.6M Y/y
- BNP FP : BNP Hires Riley From UBS to Head US Equity Capital Markets: FN
- CAI AV : CA Immo 1Q FFO I EU23.9M Vs. EU29.2M Y/y
- DARK LN : Darktrace Names Chris Kozup as Chief Marketing Officer
- DBG FP : Derichebourg 1H Revenue EU1.82B
- DBK GY Deutsche Bank Hires Credit Suisse Wealth Banker for China Role
- DIE BB : D'Ieteren Maintains FY Adjusted Pretax Profit Forecast
- DSFIR NA : DSM-Firmenich Offers Up to 6.7m Shares
- EDF FP : EDF: French State to Convert Oceanes Into 168.6m Shares
- ENEL IM : Enel Says it ‘Indefinitely Suspends’ Colombia Wind Project
- GN DC : GN Store Nord Offering of 17.3m Shares Prices at DKK160/Share
- GES US : Guess Raises Quarterly Dividend 33% to 30 cents/Shr
- IDEX NO : IDEX Biometrics Offering Prices at NOK0.85/Share
- LEHN SW : Lem FY Ebit Beats Estimates
- 992 HK : Lenovo Slumps After 4Q Results Missed Expectations: Street Wrap
- NVDA US : Nvidia Soars After AI-Fueled Forecast Shatters Expectations +25% in After Hours
- PGHN SW : Partners Group CFO Hans Ploos Van Amstel to Step Down
- PSM GY : ProSieben Proposes Berlusconi’s MFE Germany Head for Board (1)
- RL US : Ralph Lauren’s Brand Strength Faces Macro Test: Preview
- SHEL LN : Shell agrees to pay $10 million for air pollution at massive new Pennsylvania petrochemical plant
- SNOW US : Snowflake Sales Forecast Misses Estimates on Customer Caution
- SSYS US : Stratasys Said to Be in Talks for 3D Printer Desktop Metal