A mildly positive tone for risk taking returned to Asian equity markets Tuesday as immediate concerns over the strength of the global financial system dissipated. A benchmark of the region’s stocks gained about 0.5% as shares rose in Hong Kong, South Korea and Australia. Most sectors rose, with financial stocks outpacing the broader gauge. Futures for the S&P 500 were slightly higher following a jump of 0.9% Monday in the underlying index. News that US officials were studying ways to temporarily guarantee all bank deposits if the current financial crisis expands sent contracts for the S&P 500 and the Nasdaq 100 to their intraday highs. Also supporting sentiment during the Asian session was a rebound in Additional Tier 1 bonds sold by banks in the Asia-Pacific region. The dollar steadied and was set to end a three-day losing streak, which sent a measure of the greenback’s strength to a month-low on Monday. That came as expectations grew that the Federal Reserve may adapt a more cautious policy approach when it decides on interest rates Wednesday. The policy-sensitive two-year US Treasury yield ended Monday 14 basis points higher and just below 4%. There was no trading of cash Treasuries in Asia hours Tuesday with a holiday in Japan. The policy-sensitive two-year US Treasury yield ended Monday 14 basis points higher and just below 4%. There was no trading of cash Treasuries in Asia hours Tuesday with a holiday in Japan. oil fell after a turbulent session even as a calmer tone returned to the market. Gold edged higher. US After Hours Reasonably quiet after-hours; HLIT +7.6% after partnering with Charter Communications; AG -16.5% on mining suspension announcement.
Nikkei Closed Hang Seng +0.96% CSI +1.05% Shanghai +0.59% Shenzen+1.48%
Eur$ 1.0712 CNH 6.8786 CNY 6.8799 JPY 131.30 GBP 1.2257 CHF 0.9300 RUB 77.0583 TRY 19.0200 WTI$ 67 -0.95% Gold 1,981 +0.10% BTC 27,870 -0.75% ETH 1,744 -1%
S&P +0.16% Nasdaq +0.13% EuroStoxx +1.01% FTSE +0.46% Dax +1.07% SMI +0.89%
Macro :
- Lagarde Says Eurozone Banks’ Exposure to Credit Suisse ‘Limited’
- Goldman Says European Banks May Swap AT1s For CET1s Amid Fallout
- JPMorgan’s Kolanovic Sees Rising Possibility of ‘Minsky Moment’
- The Case for European Banking Stocks Just Got a Complete Reset
Keep an eye on :
Keep an eye on :
- ACN US : Accenture to Buy Industrial AI Company Flutura
- AKRBP NO : Aker BP Drops Troldhaugen, Goes Ahead With Remaining 9 Plans
- ALV GY : Pimco Lost $340m on Credit Suisse AT1 Bonds Write-Off: Reuters
- AAD GY : Amadeus Fire Sees 2023 Operating Ebita EU73M to EU79M
- AMBUB DC : Ambu Sets New 5-Year Goals, Keeps 2022/2023 FY Forecast
- BARC LN : Barclays Said to Hire Deustche Bank’s Lim for Singapore Coverage
- BHG SS : BHG Group Announces Estimated Negative Adjusted Ebit for 1Q 2023
- CSGN SW : Some Credit Suisse Staff Were Paid Partly in CoCo Bonds: Semafor
- ENEL IM : Argentina Will Intervene Power Distributor Edesur for 180 Days
- EQUI IM : Tamburi Holder to Buy Up to 6m Shrs in Reverse Bookbuild: Terms
- RACE IM : Ferrari Says Ransomware Attack Exposed Clients’ Names, Email
- Lego Group IPO ; Lego Billionaires’ New Fund Won’t Oppose IPO, Finans Reports
- MC FP : LVMH P&C, Others Submit Preliminary Bids to Buy Missha: Daily
- MEKO SS : Meko Adjusts Financial Targets Ahead of Capital Markets Day
- ORDI NA : Sopra Steria to Buy Ordina for €5.75 Per Share Ex-Dividend
- PGHN SW : Partners Group FY Dividend per Share Beats Estimates
- PFV GY : Pfeiffer Vacuum Sees 2023 Ebit Margin About 12%
- PLT NO : PoLight Targets NOK135M in Partially Underwritten Rights Issue
- RISK SS : Risk Intelligence Offers Up to 2.56m Shares
- RWE GY : RWE Sees 2023 Adjusted Ebitda EU5.8B to EU6.4B, Est. EU5.81B
- RWE GY : RWE Sees Renewables Helping to Sustain Earnings Momentum in 2023
- SOP FP : Sopra Steria to Buy Ordina for €5.75 Per Share Ex-Dividend
- TIP IM : Tamburi Holder to Buy Up to 6m Shrs in Reverse Bookbuild: Terms
- TKA GY : CVC Considering €1 Bid for Thyssenkrupp Steel Unit: HB
- VTWR GY : Oak Holdings Offers EU32/Share in Vantage Towers Delisting
- VOD LN : 4iG Raises Stake in Vodafone Hungary to 70.5% Through Share Swap
- VOW GY : VW Sees Biden-Backed Support for EV Manufacturing as ‘Gold Rush’