Asian stocks traded mixed and U.S. futures climbed Thursday with investors seeking clues on Chinese policy support and pondering a burgeoning debate around whether inflation is peaking. Treasuries pared a rally. Equities rose in Japan. They fell in Hong Kong and China where an address by President Xi Jinping failed to soothe investors pining for more measures to support growth. S&P 500 and Nasdaq 100 futures advanced after positive earnings from Tesla Inc. and United Airlines Holdings Inc. Rate markets underwent a sharp repricing Wednesday, sending long bond yields sinking. Investors such as Bank of America Corp. and Nomura Asset Management said this is a buying opportunity after the recent rout. Ten-year yields trimmed a steep retreat, with central bank stimulus withdrawal looming large. The dollar pared a slide and the yen resumed a decline. Chinese tech stocks fell for a third consecutive day, weighed by shares linked to electric vehicle production as lockdowns on the mainland disrupt logistics. Investors have so far been disappointed at Chinese attempts to counter the economic impact of lockdowns. US After Hours UAL +7.7%, TSLA +5.6% trade higher on earnings; SNBR -5.8%, CVNA -5.4%, EFX -5.2%, AA -5.1%, LRCX -2.1% lower on earnings
Nikkei +1,23% Hang Seng -1,62% CSI -1,09% Shanghai -1,35% Shenzen -2,13%
Eur$ 1,0843 CNH 6,4692 CNY 6,4419 JPY 128,18 GBP 1,3062 CHF 0,9502 RUB 82,3632 TRY 14,6722 WTI$ 103,02 Gold 1950,70 BTC 41,693 ETH 3095
S&P +0,49% Nasdaq +0,73% EuroStoxx +0,34% FTSE +0,32% Dax +0,41% SMI +0,59%
Macro :
- European Margin Forecasts Are Too Optimistic: BNP Strategists
- As Brevan Howard’s Gains Mount, Founder Cuts Back On Trading
- Melvin Capital Eyes Returning Capital to Start New Fund:CNBC
Keep an eye on :
- ABBN SW : ABB 1Q Operating Ebita Beats Estimates
- AKZA NA : Akzo Nobel 1Q Adjusted Operating Income Beats Estimates
- MT NA : Alcoa 1Q Adjusted Ebitda Beats Estimates: Snapshot
- ASM NA : ASMI Sees 2Q Revenue EU540M to EU570M, Est. EU541M
- AXFO SS : Axfood 1Q Operating Profit Beats Estimates
- BAR BB : Barco 1Q Orders EU246.9M Vs. EU288.1M Q/Q
- BAS1V FH : BasWare 1Q Ebit Beats Estimates
- BFIT NA : Basic-Fit 1Q Revenue EU162M Vs. EU10.7M Y/y
- BCART BB : Biocartis 1Q Cash and Cash Equivalents EU37.3M Vs. EU53.5M Q/Q
- CARLB DC : Carlsberg May Sell Russian Brewery to AB InBev Efes: Kommersant
- CA FP : Carrefour 1Q Sales Beats Estimates
- COTN SW : Comet Sees FY Sales CHF570M to CHF610M, Est. CHF577.7M
- DBAN GY : Deutsche Beteiligungs AG Sees FY Net Loss EU15.0M to EU25.0M
- EDEN FP : Edenred 1Q Revenue Beats Estimates
- ERF FP : Eurofins Scientific Boosts FY Adjusted Ebitda View, Meets Est.
- GET FP : Getlink 1Q Revenue EU227.8M Vs. EU156M Y/y
- GRNG SS : Granges 1Q Adjusted Operating Profit Beats Estimates
- HUSQB SS : Husqvarna 1Q Operating Profit SEK2.16B
- IIA AV : Immofinanz FY Net Income Beats Estimates
- IMB LN : Imperial Brands to Take GBP225m Hit For Divesting Russian Ops
- FII FP : LISI 1Q Sales EU342.4M Vs. EU309.4M Y/y
- HEX NO : Hexagon Composites to Buy Stake in Liquid Gas Storage Tech Co.
- TL5 SM : Mediaset Espana Appoints Borja Prado as Chairman
- MERY FP : Mercialys 1Q Like-for-Like Rental +4.8%
- FB US : Meta Investor Group Calls for Governance Reforms
- NFLX US : Pershing Square Holdings Says It Sold Netflix Investment Today
- NESN SW : Nestle 1Q Organic Revenue Beats Estimates
- PSH NA : Pershing Square Holdings Says It Sold Netflix Investment Today
- RXL FP : Rexel 1Q Sales Beats Estimates
- DIM FP : Sartorius Stedim Biotech 1Q Revenue Beats Estimates
- SIP BB : Sipef 1Q Palm Oil Output 85,226 Metric Tons
- SLIGR NA : Sligro 1Q Sales EU468M Vs. EU328M Y/y
- TEL2B SS : Tele2 1Q Net Sales Meets Estimates
- SPM IM : Saipem 1Q Revenue Misses Estimates
- SAN FP : Sanofi: Rezurock Results Show Strong, Not Universal Correlation
- SW FP : Sodexo Stops Activities in Russia, Tranfers Ownership
- TIT IM : Telecom Italia Is Said to Seek $3.3 Billion State-Backed Loan
- TIT IM : Oi Concludes Mobile Unit Sale For BRL15.9b, Repays BNDES Debt
- TSLA US : Musk Appeals for More Lithium Production to Meet Battery Demand
- VRLA FP : Verallia 1Q Revenue Beats Estimates