Chinese stocks rallied Thursday, running against the grain of declines across the region, while the 10-year Treasury yield drifted lower after touching the highest level in 16 years. Shares in Japan, Australia and South Korea fell while those in mainland China and Hong Kong rose, capping a run of daily declines. Tech stocks were well bid in Chinese markets, with the Hang Seng Tech index up as much as 2.6%. Gains for Chinese stocks likely reflects “short covering on expectations of more policy support measures over the weekend. US futures ticked slightly higher after the S&P 500 slid 1.6% on Thursday, the most since March, and all major US equity benchmarks slipped below their 100-day moving averages. The yen weakened after the Bank of Japan held interest rates, its 10-year yield target and forward guidance unchanged. The central bank reiterated its expectation that inflation is decelerating. Earlier, consumer price data exceeded estimates, casting doubt on the BOJ’s expectation that price pressures will peak in 2023 and fall back toward the 2% target in coming years. Treasury 10-year yields eased lower after initially rising on the long end of the curve in Asian trading, pushing the 10-year yield to 4.5%, the highest level since 2007. Applications for US unemployment benefits fell to the lowest level since January last week, indicating a healthy labor market that continues to support the economy. The Fed on Wednesday held its target range, while updated quarterly projections showed most officials favored another rate hike in 2023. Oil rose, in part supported by news that Russia would ban exports of diesel-type fuel and gasoline. Chevron Corp. and labor unions reached an agreement to end strikes at natural gas facilities in Australia. The threat of strike action had roiled global markets for the fuel. US After Hours X +1.4% higher on Bloomberg report that Canada's Stelco weighing bid; HPK +5.4% on CEO insider buy; TXN +0.2% increases its dividend.
Nikkei -0,35% Hang Seng +0,93% CSI +0,97%% Shanghai +0,80% Shenzen +1,10%
Eur$ 1,0655 CNH 7,3059 CNY 7,3017 JPY 147,95 GBP 1,2286 CHF 0,9045 RUB 96,0883 TRY 27,1346 WTI$ 90,31 Gold 1,925 BTC 26,630 ETH 1,593
S&P +0,24% Nasdaq +0,32% EuroStoxx -0,24% FTSE -0,15% Dax -0,31% SMI -0,11%
Macro :
- UK Sends Mixed Messages With Its Watered Down EV Ambitions: BNEF
- Morgan Stanley’s Trading Desk Sees ‘Fragility Rising’ in Stocks
- Keensight Capital Raises $3 Billion for Growth Buyouts
Keep an eye on :
Keep an eye on :
- ADE NO : Blackstone, Permira Are Said to Explore Bid for Adevinta
- ADE NO : Adevinta Confirms Non-Binding Proposal From Permira, Blackstone
- ATE FP : Alten 1H Operating Margin 7.6% Vs. 10.2% Y/y
- CSCO US : Cisco Agrees to Buy Splunk, Big Tech Drops Broadly: TMT Wrap
- COTY US : US Beauty Firm Coty Said to Move Forward With Paris Share Sale
- DD US : Bullish Bets Surge in DuPont de Nemours, With Little Stock Moves
- ERA FP : Eramet Sells Norwegian Unit ETI for to Ineos for Ent Value $245M
- IRIS SS : Irisity Offers SEK35 million Shares, Irisity Offering of 7.8m Shares Prices at SEK5/Share
- IG IM : Italgas Delta Placement of Up to About 14.5m Shares: Terms
- NESN SW : Nestle Names Anna Mohl New CEO of Nestle Health Science
- NOVOB DC : Novo Tries to Get Danish Wegovy Subsidies Again, Berlingske Says
- PHNX LN : Phoenix Group Buys 5% Stake in Hambro Perks Holding Company: FT
- S30 FP : Solutions 30 1H Adjusted Ebitda EU27.5M Vs. EU29.6M Y/y
- TKA AV : Telekom Austria Tower Unit Reference Price Set at EU4.95/Shr
- TTE FP : TotalEnergies Board Backs Another Term for Pouyanne as CEO
- VAR NO : Var Energi Holder Point Resources Holding Offers 142.3m Shares
- VOD LN : Zegona Weighs Bid for Vodafone Spain: Expansion
- ZEG LN : Zegona Weighs Bid for Vodafone Spain: Expansion