An Asia-Pacific stock gauge rose for a second day Wednesday, tracking a U.S. climb as corporate earnings helped to improve investor sentiment. Treasury yields advanced and the dollardipped.
A rally in Chinese technology firms such as Alibaba Group Holding Ltd. bolstered Hong Kong shares on hopes the worst of Beijing’s regulatory crackdown is over. Equities fluctuated in China, where the central bank boosted short-term liquidity, held loan prime rates steady and set a weaker-than-expected yuan reference rate in a sign of discomfort over currency strength.
U.S. and European futures were little changed. The S&P 500 closed near a record as traders weighed the corporate impact of supply-chain snarls and higher commodity prices. Johnson & Johnson raiseda profit forecast, Netflix Inc. subscribers jumped and Procter & Gamble Co. faced rising costs.
The earnings season has taken some of the spotlight away from concerns about a slowing pandemic recovery, price pressures stoked by energy costs and reduced central bank support. The Cboe Volatility Index, a measure of implied equity swings for the S&P 500, has fallen back to the lowest level since August.
Traders continue to monitor the debt woes at China’s real-estate developers. Sinic Holdings Group Co. became the latest to default, while the wait continues for China Evergrande Group’s overdue interest payments on dollar bonds. A property slump saw China’s home prices fall for the first time in six years.
US After Hours NFLX -1.1% trades modestly lower on earnings; EAT -10.1% is sharply lower on weak guidance, taking down other casual restaurant chains
Nikkei +0.07 Hang Seng +1.30% CSI -0.17% Shanghai -0.10% Shenzen +0.16%
Eur$ 1.1646 CNH 6.3809 CNY 6.3882 JPY 114.57 GBP 1.3803 CHF .9243 RUB 70.8827 TRY 9.3039 WTI$ 82,76 Golds 1776BTC 63,700 -0,68% ETH 3850 +0.90%
S&P -0.06% Nasdaq -0.10% EuroStoxx -0.13% FTSE +0.3% Dax -0.10% SMI +0.45%
Macro :
- Goldman Sachs chief insists bank can close valuation gap with rivals
Macro :
- Goldman Sachs chief insists bank can close valuation gap with rivals
- U.K. to Cut Bank Profit Tax Surcharge to 3% From Apr 2023: FT
- Crypto Shares Ride Bitcoin Rally to Outstrip Energy, Financials
Keep an eye on :
Keep an eye on :
- AED BB : Aedifica to Spend EU43.5m on 3 Irish Care Home Projects
- AKZA NA : Akzo Nobel 3Q Revenue Misses Estimates
- ANTIN FP : *ANTIN HIRES DEUTSCHE BANK, ING TO PREPARE LYNTIA SALE: CONFI
- ASML NA : ASML 4Q Forecasts Impacted by Materials Shortage in Supply Chain
- Autostore ipo : AutoStore Final IPO Price Set at NOK31/Share
- AG1 GY : Used Car Platform AUTO1 Expands Partnership With Volvo
- BAR BB : Barco 3Q Revenue Misses Estimates
- CTM SS : Catena Media Prelim 3Q Adjusted Ebitda Misses Estimates
- DB1 GY : Deutsche Boerse Maintains FY Ebitda About EU2B, Est. EU2.03B
- ELISA FH : Elisa 3Q Revenue Beats Estimates
- FGR FP : Eiffage’s APPR 3Q Rev. Ex-Construction Rises 10.3% to EU797M
- EQT SS : EQT 3Q Total Investments EU7.7B Vs. EU6B Y/y
- ERF FP : Eurofins Says Working on Providing Covid-19 Tests to Schools
- FABG SS : Fabege 9M Rental Income SEK2.14B Vs. SEK2.10B Y/y
- GALP PL : Galp Agrees to Acquire Two Solar Energy Projects in Brazil
- GJF NO : Gjensidige 3Q Pretax Profit Beats Estimates
- GVOLT PL : Greenvolt Says It May Carry Out Private Bond Offering of EU75m
- HUSQB SS : Husqvarna 3Q Operating Profit Beats Estimates
- IBS PL : Ibersol Plans to Offer up to 10m Shares at EU4/Share
- KER FP : Gucci Growth Slows, Raising the Stakes for New Fashion Line
- KNIN SW : Kuehne + Nagel 3Q Net Revenue Beats Estimates
- KWS GY : KWS Saat Sees 2022 Adjusted Ebit Margin 11% to 12%
- MU US : Micron Plans $7b DRAM Plant in Japan, Nikkan Kogyo Says (1)
- MRW LN : Morrison Shareholders Vote to Approve Scheme at Court Meeting
- MOY GY : Mynaric Files for IPO of American Depositary Shares
- NESN SW : Nestle Boosts FY Organic Revenue Forecast
- NET DC : Netcompany Pullback Creates Opportunity; Morgan Stanley Upgrades
- OHLA SM : OHL Sells Stake in Montreal Hospital Center to BBGI for C$88m
- ORSTED DC : Orsted Sells $1.4 Billion Wind Farm Stake to Nuveen’s Glennmont
- RI FP : Pernod Ricard Is Said to Acquire Stake in Abasolo Mexican Whisky
- RECSI NO : REC Silicon 3Q Ebitda Loss $3.7M Vs. Profit $7.9M Q/q
- REP SM : *REPSOL MULLS IMPROVEMENT OF DIVIDEND PROGRAM, EXPANSION REPORTS
- ROG SW : Roche 3Q Sales Beat Estimates
- SAN FP : Sanofi Hopes to IPO Euroapi in Early 2022: Les Echos
- SRT GY : Sartorius Maintains FY Sales At Constant FX About +45%
- SHBA SS : Danske, S-Bank, Swedbank May Eye Handelsbanken’s Finnish Ops: OP
- SHBA SS : Danske, S-Bank, Swedbank May Eye Handelsbanken’s Finnish Ops: OP
- 9984 JP : SoftBank Weighs Stake in Ampere, Valuing Chipmaker at $8 Billion
- SO FP : Somfy 3Q Like-for-like Sales -7.5%
- STERV FH : Stora Enso 3Q Operating Ebit Beats Estimates; Keeps Outlook (1)
- TKWY NA : Baupost Group Holds ~5.13% of Just Eat Takeaway’s Voting Rights
- TKWY NA : Just Eat Takeaway Aims for Reset Button as Shares Trail Rivals
- TKA AV : Telekom Austria Boosts FY Revenue Forecast
- UCG IM : Italy’s UniCredit Joins Net-Zero Banking Alliance
- DG FP : Vinci 9M Like-for-like Sales +15.3%
- VPK NA : Vopak to Nominate Insider Dick Richelle as New CEO
- VOW3 GY : VW CEO in ‘Regular’ Talks for Partners to Catch Up in Tech-Race