Stocks rallied in Asia Thursday, putting a gauge of the region’s equities on course to snap five days of declines after US shares climbed on improved consumer confidence and better-than-expected earnings. The biggest moves were in Hong Kong, where the benchmark index rose more than 2%. Technology and property companies led the charge after a slew of comments from regulators on supporting the broader economy and real estate developers. Shares also jumped in Japan, South Korea and Australia. US and European futures were higher following a surge of 1.5% in both the S&P 500 and the Nasdaq 100 on Wednesday. Treasuries rose slightly in Asia after a mixed US session as the immediate fallout from the Bank of Japan’s surprise policy shift began to ebb. The 10-year Japanese government bond yield targeted by the BOJ fell to 0.4%, compared with the central bank’s new upper limit of 0.5%. Government bond yields were up in Australia and down in New Zealand. The yen resumed its advance after a small loss Wednesday. It rallied the most since 1998 on Tuesday. The dollar fell versus its Group-of-10 counterparts. FedEx Corp. and Nike Inc.’s earnings exceeding Wall Street’s estimates provided a reprieve for US stocks that had been pummeled since the Federal Reserve’s hawkish turn last week. Appetite for risk taking was also supported by US consumer confidence rising by more than forecast to the highest since April as inflation eased. Bolstering the tone in Asia, China’s central bank said it would guide financial institutions to support mergers and acquisitions in the nation’s property sector, and help defuse risks and improve financial conditions of top-tier developers. oil price gains extended into a fourth day after data showed a decline in US inventories and traders tracked the fallout from Group of Seven sanctions targeting Russia’s crude exports and revenues. Gold inched higher as investors digested an improvement in consumer confidence while awaiting further US data. US After Hours MU -2.4% falls on earnings and headcount reduction; MLKN +5.1% higher on earnings; MRTX +4.1% higher on positive FDA news; LXRX -8.4% falls on phase 2 study results
Nikkei +0.46% Hang Seng +2.30% CSI +0.04% Shanghai -0.50% Shenzen -0.70%
Eur$ 1.0646 CNH 6.9863 CNY 6.9832 JPY 131.82 GBP 1.2124 CHF 0.9235 RUB 70.9705 TRY 18.6659 WTI$ 78.51 +0.28% Gold 1,815 +0.03% BTC 16,814 +0.12% ETH 1,211 -0.03%
S&P +0.25% Nasdaq +0.27% EuroStoxx +0.39% FTSE +0.29% Dax +0.23% SMI
Macro :
- Mr. Yen Says BOJ May Surprise Again by Tightening in January
- China’s Abrupt Covid Shift Hits Supply Chains From Solar to Coal
- Hong Kong Property Giant Buys Land for Price at Eight-Year Low
- *ECB'S GUINDOS: HALF-POINT HIKES MAY BECOME NEAR-TERM NORM
Keep an eye on :
- AC FP : Schroders Pays €260m for Two Hoxton Hotels, Times Says
- AWDR NO : Awilco Drilling Offering of 3.92m Shares Prices at NOK20/Share
- AWDR NO : Awilco Drilling Offering of 3.92m Shares Prices at NOK20/Share
- BATS LN : BAT ESG Focus Must Be Managing Reduced-Risk Product Transition
- BOL FP : MSC Completes $6b Acquisition of Bollore’s African Logistics Arm
- ALCAR FP : Carmat Names Alexandre Conroy as Chairman of Board
- ACA FP : Credit Agricole Says ECB Pillar 2 Capital Requirement Unchanged
- ETL FP : Eutelsat Sees €15M-€20M Hit From Russia/Iran Broadcast Limits
- HKY NO : Havila Kystruten Offering of 25m Shares Prices at NOK12/Share
- HBH GY : Hornbach Holding 3Q Adjusted Ebit EU48.9M Vs. EU55.9M Y/y
- LHA GY : Italy Paves Way for Lufthansa to Take Stake in ITA
- MARS LN : Marston’s Confirms Co. Has Secured Financial Covenant Amendments
- B4B GY : Metro to Sell India Unit to Reliance Retail Ventures: Snapshot
- MTO LN : Eurostar Strike Called Off After 29% Offer for Lowest Paid
- NANEXA SS : Nanexa Signs Pact With Novo Nordisk for PharmaShell
- NEOEN FP : TDF Signs Power Purchase Pact With Neoen for 62 MW Solar Energy
- ORP FP : Orpea Raises View of Pre-Tax Asset Impairments to EU5b-EU5.4b
- ORP FP : Orpea Files Complaint Against Former CEO Yves Le Masne
- RHM GY : Rheinmetall, KMW Aim to Repair Puma Vehicles in 2-3 Weeks
- RHM GY : Rheinmetall, KMW Aim to Repair Puma Vehicles in 2-3 Weeks
- ROG SW : FDA Approves Genentech’s Actemra for the Treatment of COVID-19 in Hospitalized Adults
- SAN FP : Sanofi Gains in US Trading as a California Zantac Case Settles
- SEAF SS : Seafire Offering of 13.2m Shares Prices at SEK19/Share
- F3C GY : SFC Energy to Replace Uniper SE in SDAX Index
- SHEL LN : Shell Temporarily Shuts Prelude LNG Plant Production After Fire
- DWON SW : SoftwareONE in Total Return Swap Deal Related to Crayon Stake
- SOL SM : Soltec Signs Brazil Solar Trackers Contract With Canadian Solar
- SONG LN : Justin Bieber Nears Roughly $200 Million Deal to Sell Music Rights -- WSJ
- SNC PL : Sonae Offers to Buy Rest of Sonaecom for €2.50/Share in Cash
- STM FP : Watch European Chip Stocks as Micron Gives Weak Sales Forecast
- TNET BB : Telenet acquires Eltrona's activities in Luxembourg - 21/12/2022
- TKO FP : Tikehau Capital: TCA to Raise Stake in Fakarava Capital to 100%
- TTE FP : TotalEnergies Poised to Offer Regasification Capacity in France
- UCG IM : UniCredit Reshuffles Client Risk Division Top Management
- UN01 GY : Uniper Resolves Capital Increase of ~€5.54b
- UN01 GY : SFC Energy to Replace Uniper SE in SDAX Index
- VLK NA : Van Lanschot Kempen Buys 30% Stake in Mercier Vanderlinden
- XXL NO : XXL Offering of 135.1m Shares Prices at NOK3.70/Share