Asian equities rose Friday, with semiconductor companies rallying as investors shook off initial concerns over Nvidia Corp.’s revenue outlook. Gold jumped. Shares in Australia, Japan and South Korea rose. The MSCI Asia Pacific index climbed as much as 0.7%, as technology stocks in the region rebounded from Thursday’s selloff, encouraged by Nvidia’s gain in the US. Shares in Hong Kong and China fell, extending losses into midday, after an index of US-listed Chinese stocks dropped 1% Thursday. Asian equities are on pace for their first back-to-back monthly losses this year amid strength in the dollar and lingering concerns over the Chinese economy. Still, the region’s more favorable valuations versus the US market are aiding recovery in some assets as US bond yields surge. Bitcoin set a fresh high, climbing briefly past $99,000 on bets President-elect Donald Trump’s support for crypto and a looser regulatory environment will help the industry. A Fox Business News report suggested Chris Giancarlo, a former chairman of the Commodity Futures Trading Commission who’s known as “Crypto Dad” for his early embrace of digital assets, was being weighed as the first “crypto czar” under the incoming administration. Treasury yields slipped on Friday, though, with the 10-year’s easing less than one basis point. Federal Reserve Bank of Chicago President Austan Goolsbee however, said he sees interest rates moving “a fair bit lower,” expressing confidence inflation is easing toward the central bank’s objective. The greenback was little changed Friday. The dollar index has climbed over 2% this month, adding to the nearly 3% jump last month, amid escalating geopolitical concerns in Europe. The yen fluctuated after edging higher early Friday following inflation data that held above the central bank’s target as expected. Elsewhere in Asia, investors will be monitoring the fallout from a US indictment against Gautam Adani over allegations of bribery. Shares of Adani Group units tumbled and the conglomerate scrapped a $600 million dollar bond sale. The company denied the allegations. DirecTV notified EchoStar Corp. of its intention to terminate an acquisition of Dish Network Corp. after they failed to win the consent of bondholders for a key debt exchange, all but killing a deal to create the largest US pay-TV service. Singapore’s economic expansion fared better than initially expected in the third quarter, prompting the city-state to upgrade its growth forecast for this year as recovery gained momentum. Geopolitical tensions continued to simmer as Russia said it had launched a new kind of ballistic missile into Ukraine, boosting oil and gold prices. West Texas Intermediate gained for a second day. Gold rose for a fifth straight session. US After Hours ESTC +22.1%, GAP +15.1%, ROST +7.3%, NTAP +5.7% higher on earnings; INTU -5.4% lower on earnings; TPL +5.6% on news it will join S&P 500.
Nikkei +0.68% Hang Seng -1.85% CSI -2.41% Shanghai -2.37% Shenzen -2.78%
Eur$ 1.0467 CNH 7.2548 CNY 7.2465 JPY 154.56 GBP 1.2573 CHF 0.8865 RUB 101.0509 TRY 34.5326 WTI$ 70.23 +0.19% Gold 2,687 +0.66% BTC 98,785 +0.72% ETH 3,380 +0.94%
S&P -0.02% Nasdaq -0.16% EuroStoxx +0.15% FTSE +0.35% Dax +0.10% SMI -0.01%
Macro :
- Spain Raises Maximum Bank Tax Rate to 7% In New Fiscal Package
- Griffin Rules Out Citadel Securities IPO in ‘Foreseeable Future’
- Ex-Brookfield Hedge Fund Boss Joins Billionaire Family’s Firm
- Bitcoin Flirts With $100,000 on Optimism Over US Crypto Outlook
- German Equities Set For a Rough Road Ahead
Keep an eye on :
Keep an eye on :
- ACKB BB : Ackermans Boosts FY Net Income Forecast
- GOOGL US : Alphabet Slips on Report of OpenAI Product Development Talks
- ALTRI PL : Altri 9M Net Income EU89.6M Vs. EU28.2M Y/y
- BBVA SM : Spain Raises Maximum Bank Tax Rate to 7% In New Fiscal Package
- BEKB BB : Bekaert 9M Revenue EU3.02B Vs. EU3.36B Y/y
- BGC LN : Lutnick to Divest BGC, Newmark Interests on Commerce Appointment
- BP/ LN : Indonesia Secures $8.5B Investment From UK Firms, Prabowo Says
- COL SM : Aguila LTD to Explore Block Sale of up to 5% in Colonial
- CABK SM : Spain Raises Maximum Bank Tax Rate to 7% In New Fiscal Package
- ATD CN : Couche-Tard Won’t Seek Hostile Seven & i Takeover, Nikkei Says
- DISH US : DirecTV to Call Off Dish Takeover After Bondholders Balk (1)
- FWONA US : Formula One, ESPN in Talks Over Next US Media Rights Deal: FT
- GALP PL : Portugal’s ENSE Says Gasoline Consumption Rose 12% in October
- GVOLT PL : Portugal Registers KKR’s Plan to Buy Remaining Greenvolt Shares
- HGT LN : Hg Makes Investment in Empyrean Solutions
- KOMN SW : Komax Is Deferring Its Mid-Term Targets by 2 Years to 2030
- LPA LN . Lpa Group Says Performance is in Line With Guidance
- MRO US : *TEXAS PACIFIC LAND TO REPLACE MARATHON OIL IN S&P 500
- MSTR US : MicroStrategy Tumbles After Citron Research Shorts the Stock
- NEX FP : Nexans Holders Invexans, Tech Pack Offer 2.2m Shares, Terms Show
- NEX FP : Nexans Holders Invexans, Tech Pack Offer 2.2m Shares, Terms Show
- NEX FP : Chile’s Richest Family to Cut Stake in French Energy Firm Nexans
- 8TRA GY : Volkswagen’s Scania Truck Unit to Provide Northvolt DIP Funding
- 3382 JP : Billionaire 7-Eleven Heirs’ Buyout Bid Came After Hasty U-Turn
- STLA US : Stellantis Mulls Pivoting Mexico Push Amid Trump Tariff Threat
- HO FP : Thales Facing Bribery and Corruption Investigation From the UK
- TPL US : *TEXAS PACIFIC LAND TO REPLACE MARATHON OIL IN S&P 500
- VSTS US : Vestis Up, Stifel Says Hiring of Advisers Driving the Move (3)
- VOW GY : Volkswagen’s Scania Truck Unit to Provide Northvolt DIP Funding
- ZURN SW : Zurich Lifts Insurers; JD Drags on Retail: Stoxx 600 Sector Wrap