Most Asian stocks rose Wednesday and a selloff in Treasuries paused as investors evaluated the economic outlook amid high inflation, a hawkish Federal Reserve and China’s Covid challenges. Japan helped an Asia-Pacific equity gauge climb for the first session in four. China wavered after its banks held lending rates, disappointing investors looking for a cut to support an economy sagging under Covid lockdowns. U.S. equity futures retreated amid an after-hours slump in Netflix Inc. on poor subscriber numbers. That tempered some of the optimism from a rally in the S&P 500 index ahead of the streaming giant’s results. Treasuries edged up, paring a tumble from Tuesday. But they remain under longer term pressure from hardening expectations of sharp Federal Reserve policy tightening. Chicago Fed President Charles Evans said interest rates will probably exceed the neutral level in the campaign to damp price pressures. The dollar declined and the yen revived after a prolonged slump. The yen remains the weakest performer in the Group of 10 this year on the policy contrast with the U.S.: the Bank of Japan offered to buy an unlimited amount of bonds to contain yields, underscoring its desire for loose monetary settings. US After Hours NFLX -26% falls big on earnings as net subs fel for first time in a decade; dragging down many streaming names; IBM +1.8% up bit on earnings
Nikkei +0.91% Hang Seng +0.82% CSI -0.45% Shanghai -0.21% Shenzen -0.37%
Eur$ 1.0815 CNH 6.4158 CNY 6.3980 JPY 128.58 GBP 1.3034 CHF 0.9509 RUB 80.2448 TRY 14.6526 WTI$ 103.38 GOld 1944.75 -0.27% BTC 41.330 ETH 3083
S&P -0.39% Nasdaq -0.82% EuroStoxx +0.53% FTSE +0.18% Dax +0.57% SMI +0.27%
Macro :
- Le Pen Upset Would Be as Big a Shock to Markets as Brexit Vote
- JPMorgan’s Kolanovic Says Time Is Right to Buy Growth and Value
- JPMorgan’s Kolanovic Says Time Is Right to Buy Growth and Value
- U.K. Payroll Tax Hike Will Harm Investment and Hiring, Firms Say
Keep an eye on :
Keep an eye on :
- ASML NA : ASML 2Q Net Sales Forecast Misses Estimates
- BAVA DC : Bavarian Starts Phase 3 Trial of RSV Vaccine in Older Adults
- CABK SM : CaixaBank's 5% MDA Buffer Above BBVA, Santander; May Drop to 3%
- CSGN SW : Credit Suisse Signals First-Quarter Loss on Russia, Legal (1)
- BN FP : Danone 1Q Like-for-Like Sales Beats Estimates
- DBK GY : Deutsche Bank Investor Proposes No Confidence Vote in CEO at AGM
- DSM NA : Avient Buys DSM Protective Materials, Enterprise Value EU1.44b
- DUFN SW : Dufry-Autogrill Deal May Well Work If Valuation Is Right: React
- DUFN SW : Dufry Gets New 8.5 Year Contract at Sofia International Airport
- GBLB BB : GBL Buys Majority Stake in Sanoptis From Telemos Capital
- EDF FP : EDF Finds Signs of Corrosion on Four More Reactors During Checks
- EDP PL : EDP Says 1Q Power Generation Rises 3% Y/y, Hydro Output Drops
- EQT SS : EQT Sets Hard Cap for EQT X Fund at EU21.5b
- TKWY NA : Just Eat Takeaway Considers Selling Grubhub as Sales Slump
- LXS GY : Lanxess Prelim 1Q Adjusted Ebitda Beats Estimates
- LXS GY : Lanxess Prelim 1Q Adjusted Ebitda Beats Estimates
- DRLCO DC : Maersk Drilling Sells Jack-Up Rig to Ades for $42.5 Million
- NFLX US : Netflix Plans Lower-Priced Service With Ads, Marking Big Shift
- OR FP : L'Oreal 1Q Like-for-Like Sales Beats Estimates
- SHEL LN : Shell Withdraws Staff From Russia Projects as Exit Plan Begins
- SSE LN : Siemens Gamesa Renewable Confirms Sale of Wind Projects to SSE
- ENG GY : Siemens Energy Prelim 2Q Revenue Misses Estimates
- SGRE SM : Siemens Gamesa Renewable Confirms Sale of Wind Projects to SSE
- TEP FP : Teleperformance 1Q Like-for-Like Sales Beats Estimates
- TWTR US : Musk Willing to Invest $10b-$15b Own Cash for Twitter: NYP
- VPK NA : Vopak 1Q Revenue EU324.1M Vs. EU300.1M Y/y
- ROSE SW : Zur Rose 1Q Sales CHF493.4M Vs. CHF502.7M Y/y