Asian equities followed losses on Wall Street after US data showed a softening in manufacturing and the labor market. The dollar and yen strengthened on concern of rising tensions between America and China. Shares in China, Australia and Japan all fell. South Korea’s tech-reliant Kospi Index pulled back after getting close to a bull market, tracking Thursday’s decline in the Nasdaq 100. Futures for US equity benchmarks were little changed. The dollar advanced against most of its Group-of-10 peers, with a gauge of its strength set for its first weekly gain in six weeks. The yen outperformed as rising geopolitical tension spurred traders to buy the haven currency before the weekend. US President Joe Biden aims to sign an executive order in the coming weeks that will limit investment in key parts of China’s economy by US businesses, people familiar with the internal deliberations said. Recurring claims for US unemployment benefits jumped to the highest level since November 2021, adding to signs the labor market is beginning to cool. Sales of previously-owned homes fell in March by more than economists forecast, underscoring a housing market that’s still on shaky footing despite some signs of stabilizing. US mortgage rates rose for the first time since early March. The data led traders to pare bets on more Federal Reserve rate hikes. The policy-sensitive two-year Treasury yield dropped one basis point to 4.13% after sliding 10 basis points on Thursday. In China, Contemporary Amperex Technology Co. shares rallied after the battery maker’s revenues surged in the first quarter. oil extended declines after dropping by the most in more than a month on Thursday, wiping out almost all of the gains stemming from OPEC+’s output cut on signs of a global economic slowdown. Gold was little changed around a $2,000 an ounce. US After Hours VMI +3.4%, CSX +2.4% higher on earnings; CNXN -6.3% lower on guidance.
Nikkei -0.32% Hang Seng -0.64% CSI -1.04% Shanghai -1.11% Shenzen -1.71%
Eur$ 1.0960 CNH 6.8940 CNY 6.8877 JPY 133.89 GBP 1.2430 CHF 0.8935 RUB 81.5938 TRY 19.4040 WTI$ 77.34 Gold 2,000 -0.24% BTC 28,235 +0.10% ETH 1,939 +0.07%
S&P -0.01% Nasdaq +0.08% EuroStoxx +0.14% FTSE +0.06% Dax +0.01% SMI +0.04%
Macro :
- Fed Officials Back Another Hike While Watching Banking Fallout
- UK Confidence Jumps to Highest Since War Triggered Price Surge
- Taiwan Quietly Urges US to Calm Rhetoric on China Chip Risk
Keep an eye on :
Keep an eye on :
- ALMA FH : Alma Media 1Q Adjusted Operating Profit Meets Estimates
- BAMI IM : Banco BPM Not Planning to Pursue M&A: CEO Castagna to Sole
- BVI FP : Bureau Veritas 1Q Organic Revenue Beats Estimates
- CARM FP : Carmila 1Q Net Rental Income EU86.4M Vs. EU81.9M Y/y
- ACA FP : Credit Agricole Reached Settlement to Sidestep ‘Cum-Cum’ Probe
- CTT PL : CTT Says Shareholders Reappoint CEO Bento for 2023-2025 Term
- EDPR PL : EDPR Secures 109 Mwac Long Term PPA for Italy Solar Portfolio
- EFGN SW : EFG 1Q Profit Exceeds CHF90m vs CHF202m in Full Year of 2022
- ENGI FP : Engie, EDP Give Go-Ahead for £2 Billion UK Offshore Wind Farm
- EL FP : EssilorLuxottica 1Q Revenue Beats Estimates
- FLOW NA : Flow Traders 1Q Normalized Net Trading Income EU110.4M
- FNAC FP : Fnac Darty 1Q Like-for-Like Sales -0.1%
- GFC FP : Gecina 1Q Like-for-Like Rental +7.3%
- GMAB DC : Genmab: Tribunal Dismissed Claims vs Janssen Over Daratumumab
- GTT FP : GTT 1Q Revenue EU79.9M Vs. EU68.2M Y/y
- HEN3 GY : Henkel Divests Business Activities in Russia
- HOLN SW : Holcim Lifts Full-Year Outlook After Surprisingly Strong Quarter
- IPS FP : Ipsos 1Q Organic Revenue -2.8%
- MBG GY : Mercedes-Benz 1Q Prelim Results Exceed Expectations
- MERY FP : Mercialys 1Q Rental Rev. EU43.6M
- MERY FP : Mercialys 1Q Rental Rev. EU43.6M
- MTRS SS : Munters 1Q Ebit Beats Estimates
- NETW LN : Brookfield Said to Explore Counterbid for Network International
- META US : Meta Plans to Cut More Than 10% of UK Workforce: FT
- NHY NO : Norsk Hydro: Shipping of Products to Customers Will Be Resumed
- 1913 HK : Prada Looks to Buy Italian Suppliers to Shorten Supply Chain
- SFER IM : Salvatore Ferragamo 1Q Revenue Misses Estimates
- SAP GY : SAP 1Q Non-IFRS Revenue Beats Estimates
- GLE FP : SocGen’s ALD Delays EGM to May 22 Pending EC Remedy Decision
- S30 FP : Solutions 30 FY Adjusted Ebitda Misses Estimates
- SUR LN : Sureserve to Disclose £200m Takeover Bid by Cap10: Sky
- TKTT FP : Tarkett 1Q Net Sales EU698.4M Vs. EU684.7M Y/y
- TEL2B SS : Tele2 1Q Adjusted Ebitda After Leases Misses Estimates
- TKO FP : Tikehau 1Q Group AUM Reach €39.7 Billion, Up 12% YoY
- URW NA : Hammerson, Unibail in Talks on Croydon Project Stake Sale: Sky
- VONN SW : Vontobel Assets Under Management CHF211.7B Vs. CHF204.4B Q/Q
- VOW GY : Volkswagen Gets $10 Billion Pledge From Canada for Battery Plant
- WHA NA : Wereldhave 1Q EPS EU0.46 Vs. EU0.39 Y/y
- YIT FH : YIT Sees FY Adj. Oper Profit at Least EU50M, Saw Below EU110M