Asian stocks slid with US futures Thursday as investors weighed signals from the latest corporate earnings and geopolitical risks in Europe. An Asian stock gauge is on track to end a three-day winning streak, dragged down by Hong Kong. Futures retreated in the US and Europe, where Italy’s government looked set to collapse. The S&P 500 posted its first back-to-back gain in almost two weeks, while the Nasdaq 100 outperformed.
The euro gained ahead of a European Central Bank meeting where it is expected to hike for the first time in more than a decade, almost certainly raising rates by 25 basis points. It will also unveil its new crisis management tool. The dollar edged lower. The yen was under pressure after the Bank of Japan maintained its policy rate and lowered its economic growth forecast for this year. Treasury yields slipped. Gold was near an 11-month low. Bitcoin dropped below $23,000. Tesla Inc. disclosed that it sold about 75% of holdings of the cryptocurrency during the second quarter. Risk sentiment remains fragile as investors debate whether equities have reached a trough after this year’s selloff amid the war in Ukraine, a slowdown in China and the prospect of a US recession. Investors are also assessing earnings to gauge how companies are managing amid the highest inflation in generations and escalating borrowing costs. US President Joe Biden said he expects to speak to Chinese leader Xi Jinping “within the next 10 days” as Washington considers lifting some tariffs on Chinese imports. Oil was back below $100 a barrel as growing stockpiles of crude and gasoline tempered fears of a tight market. US After Hours TSLA +0.7% flat on earnings; AA +6.7%, CSX +3.9%, LVS +2.3% higher on earnings; SMCI +24% jumps on bullish guidance; UAL -7.1% falls on earnings; CCL -9.5% falls on $1 bln stock offering
Nikkei +0,30% Hang Seng -0,81% CSI -0,57% Shanghai -0,47% Shenzen -0,13%
Eur$ 1,0217 CNY 6,7617 CNH 6,7667 JPY 138,21 GBP 1,1988 CHF 0,9703 RUB 54,8667 TRY 17,5817 WTI$ 98,89 -1% Gold 1,692,02 -2,3% BTC 22,843 -1,8% ETH 1,485-2,5%
S&P +0,18% Nasdaq +0,09%% EuroStoxx +0,22% FTSE +0,17% Dax +0,43% SMI +0,34%
Macro :
- China’s Credit Market Rocked by More Debt Delays, Plunging Bonds
- Italy Coalition on Cusp of Collapse as Parties Abandon Draghi
- Putin Signals Gas Pipeline Will Restart as Clock Ticks Down
- ByteDance Valuation Drops Below $300 Billion in Private Deals
- German Gas Orders Signal Nord Stream Flows Capped at 30%
Keep an eye on :
- ABBN SW : ABB 2Q Operating Ebita Beats Estimates
- ABBN SW : ABB to Spin Off, List Accelleron Turbocharging Business
- AIR FP : Dassault Aviation CEO Says Fighter Jet With Airbus Under Threat
- ANTIN FP Antin Assets Under Management EU22.4B
- MT NA : *ALCOA 2Q ADJ EBITDA $913M, EST. $908.7M -->+5%
- ARYN SW : Aryzta to Repurchase EU50M of Euro Hybrid Bond
- ASM NA : ASMI 2Q Operating Profit Misses Estimates
- BAS1V FH : BasWare 2Q Net Sales Meets Estimates
- BG AV : Bawag 2Q Pretax Profit Beats Estimates
- BESI NA : BE Semiconductor 2Q Gross Margin Beats Estimates
- BA US : *BOEING PREPARES TO INCREASE 787 PRODUCTION, DJ SAYS
- BOL SS : Boliden 2Q Adjusted Operating Profit Beats Estimates
- BOSN SW Bossard 1H Ebit Beats Estimates
- BYS SW : Bystronic 1H Net Revenue Meets Estimates
- CCL LN : Carnival Drags on Peers After $1 Billion Stock Offering
- CMBN SW : Cembra Money Bank 1H Net Income Beats Estimates
- AM FP : Dassault Aviation 1H Adjusted Net Sales Beats Estimates
- AM FP : Dassault Aviation CEO Says Fighter Jet With Airbus Under Threat
- DPH LN : Dechra Pharma to Raise About £180m at GBP34.3/Share
- ECV GY : Encavis EIF II Invests >EU1b in Renewable Energy Power Plants
- GET FP : Getlink 1H Revenue Beats Estimates
- GIVN SW : Givaudan 1H Ebitda Beats Estimates
- GOG LN : Kelsian Soars Most Since 2013; Says Won’t Make Go-Ahead Bid
- ITP FP : Interparfums Raises FY Sales Target to EU630M-EU640M
- IPH FP : Innate Pharma Says Sanofi Picks Its Drug Candidate for Dev.
- INTRUM SS : Intrum 2Q Revenue Beats Estimates
- IPS FP : Ipsos 1H Revenue Matches Estimates
- JD/ LN : JD Sports Fashion In Talks to Sell Footasylum to Aurelius: Sky
- LEON SW : Leonteq 1H Pretax Profit CHF145.8M
- MC FP : Capri Gains After Revealing $8b Revenue Target at Investor Da
- MNG LN : Saudi Prince Alwaleed’s Kingdom Holding Invests 1b Riyals in M&G
- NOKIA FH : Nokia 2Q Adjusted Operating Profit Beats Estimates
- NOS PL : NOS 2Q Revenue Beats Estimates
- ORP FP : Orpea 2Q Organic Revenue +7.7%
_ PUB FP : Publicis Sees FY Operating Margin 17.5% to 18%, Saw About 17.5%
- ROG SW : Roche Appoints Thomas Schinecker as New CEO
- ROG SW : Roche 1H Core EPS Beats Estimates
- SAP GY :SAP Cuts 2022 Operating Profit Outlook as Licenses Revenue Falls, SAP Announces up to EU500M Share Repurchase Program
- SK FP : SEB 1H Sales Misses Estimates
- DIM FP : Sartorius Stedim Biotech 1H Revenue Misses Estimates, Sartorius Maintains FY Adjusted Ebitda Margin Forecast
- SHEL LN : *SHELL PUTTING US GULF OF MEXICO ASSETS UP FOR SALE: RTRS
- SINCH SS : Sinch Says CEO Oscar Werner Steps Down
- TE FP : Technip Energies Gets EU50m-EU250m Contract From Neste
- HO FP : Thales Boosts FY Sales Forecast
- THULE SS : Thule 2Q Net Sales Misses Estimates
- VLA FP : EU Amends Valneva Covid Vaccine Deal; Cuts Order to 1.25M Doses
- VTWR GY : Vantage Towers 1Q Rev. Ex Pass Through EU262.1M Vs. EU245.8M Y/y