Asian stocks shook off worries from rising interest rates and economic risks to advance on Friday before Lunar New Year holidays interrupt trading across many markets in the region next week. Hong Kong equities led gains and shares in Japan reversed small initial losses. Futures for US stocks rose after the selloff on Wall Street showed some signs of easing Thursday, when the S&P 500 fell for a third day. Commodities and Asian equities have overcome some of the bearish news this week out of the US as traders bet on China’s economic revival. JPMorgan Chase & Co. raised its estimate for the nation’s oil demand growth and said it’s reopening sooner and more rapidly than the bank originally expected. Bitcoin trimmed its advance after cryptocurrency lender Genesis Global Holdco filed for bankruptcy. Treasuries fell slightly with the 10-year yield climbing two basis points to take the edge off a drop in the rate earlier in the week. Japan’s benchmark 10-year yield fell half a basis point to 0.4% versus the central bank’s 0.5% ceiling, while bond futures rallied. Australian 10-year yields were up eight basis points. Japan’s benchmark 10-year yield fell half a basis point to 0.4% versus the central bank’s 0.5% ceiling, while bond futures rallied. Australian 10-year yields were up eight basis points. A gauge of dollar strength edged slightly higher on the day and the week. Oil headed for a second weekly gain as optimism over stronger Chinese demand overshadowed a weaker outlook in other major economies. Copper was poised for a fifth weekly increase, its best run since May 2021, with global supply risks persisting and inventories near historic lows. Gold steadied in Asia after jumping to an eight-month high in the previous session. US After Hours ATRO +13.1% on Q4 guidance, NFLX +7.2%, PPG +2.9% on earnings, COST +1.3% on reauthorized repurchase program; JWN -6.3% on FY22 guidance, TMUS -1.8% after noting a data breach could lead to significant expenses
Nikkei +0.65% Shenzen +0.70% Shanghai +0.59% CSI +1.61% Hang Seng +0.56%
Eur$ 1.0830 CNH 6.7798 CNY 6.7805 JPY 129.11 GBP 1.2371 CHF 0.9167 RUB 68.9992 TRY 18.7966 WTI$ 80.50 +0.10% ETH 1,547 +0.17% BTC 20,975 -0.27% Gold 1,927 +0.21%
S&P SMI +0.43% Dax +0.47% FTSE +0.44% EuroStoxx +0.43% Nasdaq +0.24%+0.13%
Macro :
- Citi’s Buckland Says US Stocks More Vulnerable to Fund Outflows
Keep an eye on :
- AGS BB : BE Group Said to Make Fresh Takeover Approach for Insurer Ageas
- AUTN SW : Autoneum FY Sales Misses Estimates, Sees FY Result at Lower End
- AZA SS : Avanza 4Q Operating Income Beats Estimates
- BMPS IM : Banca Monte Dei Paschi Chairman Grieco to Leave Role
- BOO LN : Boohoo Slashes Inventory by 27%, 100 Jobs to Likely Be Cut: FT
- CSGN SW : Credit Suisse Sees ‘Focused’ Acquisitions as Option: Finews
- DPW GY : German Union Calls Postal Staff to Strike as Wage Talks Flounder
- DPW GY : German Union Calls Postal Staff to Strike as Wage Talks Flounder
- ERICB SS : Ericsson 4Q Adjusted Ebit Misses Estimates
- HOLN SW : Holcim Eyes Acquisition Drive to Push Beyond Cement, CEO Says
- HOLN SW : Holcim Eyes Acquisition Drive to Push Beyond Cement, CEO Says
- HUBN SW : Huber+Suhner FY Revenue Beats Estimates
- INTC US : Intel CEO Says Italy Still a Candidate for €3b Plant: Corriere
- ORP FP : Orpea Talks With CDC, Creditors to Restructure Debt Fall Apart
- ORSTED DC : Orsted Prelim FY Ebitda Meets Estimates
- RNO FP : Nissan, Renault Announcement May Come as Soon as Feb. 1: Reuters
- ROG SW : Genentech Gets Accelerated FDA Approval for Lunsumio
- SPM IM : Saipem Gets Two Offshore Contracts for About $900m Total Amount
- BUMP LN : Seraphine to Be Taken Private by Mayfair at 30p/Share: Sky
- SFSN SW : SFS Prelim. 2022 Gross Sales Rise 45.1% to CHF2.75B
- ENR GY : Siemens Energy Cuts 2023 Outlook to Net loss on 2022 Level
- SWEDA SS : Swedbank Seen Facing Significantly Lower US AML Fine Than Danske
- UBSG SW : UBS Plans to Hire Dealmakers From Boutique Banks: FT